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Limestone Investments LLC

(702) 430-7900 Office

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(702) 690-9201 Maintenance Hotline

Lease W/Option

Full Service

Tenant Placement

Fees
50% of the option fee.
 Start Up $0
Optional
5% for rent collection and management.
 
Bounties to other agents are included.

 

Monthly
10% for single family properties
$50 per door on multi family properties
 Start Up $100 (each door in a multi family)
Optional
Bounty to other agents.
Fees
75% of first month rent
 Start Up $0
Optional
Bounty to other agents.
Advantage: This gives you the most cash out of your property as your tenants are responsible for most repairs, they pay more than market rent and they pay you directly. You also get better quality tenants with a lease with an option to purchase your property. This list shows you what we have available if you want to see examples. Also, a Federal Tax ID or EIN is not required as the tenant can pay you directly. Advantage: You can kick back and let us deal with the headaches. We generally charge $30 for each service call and you get to see the vendor's invoice. In many cases, the tenant pays that service call. Major rehabs can cost up to 5% over vendor invoice. Advantage: We find your tenant and then they pay you directly. There are no monthly charges. You get free access to our vendor list. You will manage your own repairs and pay them directly. Once we collect your deposit and first month's rent, we are out.
Disadvantage: There is a chance you can lose money at the end of a lease/option. Disadvantage: You will get the least amount of cash out of your property. Disadvantage: You will be dealing with rent collection and the tenant will be calling you if something goes wrong. You get to experience our profession.
The owner must have at least 10% equity in the property. Foreign nationals must have a EIN#. Only available to locals.
 
 
 
We offer The Most Solutions
No other company in Las Vegas offers all three types of services. We also have the largest lease/option inventory available with over 3,400 tenants on our waiting list.
Fast Customer Service
Multiple phone numbers for emergencies.
Hundreds of vendors are in our data base for quick response.
Vendors are coordinated via the web for accurate information
Non-Exclusive
No long term contracts.
No up front fees.
You can leave at any time.
Instant Access
Login to your property to get instant information on status and tenants.
You can change advertising terms & conditions 24x7.
Paid When Tenants Placed
We don't get compensated until we find your tenant. Since 1997
Broker has been managing properties.
Experience in single family, multi-family and commercial.
Broker has general contractor experience in dealing with all trades.
Tenants Placed Quickly
We place 4 tenants a week during the summer.
Hungry agents are commission only.
Advertise everywhere (Signs, MLS, Craigslist...)
Tenants Pay or Leave
"Elegant Departures" are the most common form of evictions.
Court appearances are no problem. We eat lawyers for breakfast.
"Lock Outs" are used as a last resort.
Licensed Property Managers
4 fully licensed property managers.
Education and activities monitored by the state.
Trust accounts monitored by the state.
Solid Reputation
References
Most of our business is by referral.

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Vegas Real Estate
 
It's surprising that interest rates have been this low for so long. The Fed is firing off warning signals now so that the economy doesn't take a complete nose dive when they start ratcheting up rates. Rate increases will have a significant impact on the real estate market. I predict SFR prices to decrease slightly and flat line next year. Inflation will soon follow these increases. The good news is that rents will start increasing next year.
 
This method for "unloading wealth" is becoming more and more popular. If you have a philosophy of dying broke, this is the tool for you. FHA, a division of the Housing and Urban Development Department, is expected to tighten rules requiring loan applicants to undergo a detailed financial assessment. It's aimed at reducing a current default rate of 10 percent, roughly double the level of regular mortgages.
 
Investors built 31 million square feet of industrial space locally from 2002-08 as the market’s vacancy rate was just 3 percent in spring 2006. After the crash, buildings emptied out, and the warehouse vacancy rate ballooned to almost 15 percent by 2010. As of the second quarter this year, the vacancy rate had fallen to 10 percent. I still think it's too early to be building industrial.
 
Construction on roads to bypass Boulder City have resumed after an asbestos scare. This bypass will ease congestion through the city and boost Las Vegas economy with easier & faster transportation to and from Arizona.
SLS
Ifindproperties.com
Multi Families of the Week
Multi Family

$1,750k - 43 Units

90% Occupied.

Multi Family

$200k - 3/2/2

Vacant.

Dropbox
 

Some of our investors are still still unaware that they have access to invoices, property photos, HOA love letters and a variety of other files in Dropbox. This enables our investors to see details of every event for their property. If you still don't have access or need help learning on how it works, this video is a nice little tutorial. We may have missed a few folks when we created these so please raise your hand if you don't see your property.

Book To Be Released
Foreclosure

Fist Full of Properties

Illustrations are completed and copy being sent to editors next week. Estimated release date will be November 1st. This book was written for property management companies - tips and techniques for a profitable business.

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