The core responsibilities of a property manager, whether commercial or residential, are to collect rents or homeowners’ association dues, pay bills, manage properties for the owners or homeowners associations and oversee vendors’ provision of services. “It’s not about just collecting rents. It’s about managing the entire process of a building from cost expense to revenue to … [Read more...] about Property Management: Operating Lean and Mean
Las Vegas business
Protect Your Assets: Nevada Offshore Trust
Imagine that, through no fault of your own, you find yourself in a difficult lawsuit. It’s clear they are coming after your assets, your business, everything you have worked a lifetime to build. But you are not worried. You sleep well because years ago you set up a Nevada Offshore Trust, and your assets are protected. A Nevada Offshore Trust, also known as an Asset Protection … [Read more...] about Protect Your Assets: Nevada Offshore Trust
June 2013: Business Indicators
Initial estimates for first quarter 2013 show U.S. real GDP increasing at an annualized rate of 2.5 percent, an improvement over the 0.4 percent growth experienced in fourth quarter 2012. Federal government spending, net exports, and state and local government spending all made negative contributions. Personal consumption expenditures, private inventory investment, business … [Read more...] about June 2013: Business Indicators
Office Summary: First Quarter 2013
Southern Nevada The Las Vegas office sector vacancy rate jumped to a record high of 26.2 percent during the first quarter of 2013. Compared to the prior quarter (Q4 2012) vacancies are up 50 basis points (0.5 percent), while they have increased 110 basis points (1.1 percent) from the same quarter a year ago (Q1 2012). The climb in vacancies was due to negative net … [Read more...] about Office Summary: First Quarter 2013
What is your favorite place in Nevada?
“My favorite place in Nevada is Red Rock Canyon. It is absolutely gorgeous and a great place to hike. Getting to enjoy some fresh air and nature’s beauty is a perfect way to spend any weekend.” Lea Carrasco-Zanini • Executive Director, Golden Rainbow - “My favorite place is Lake Tahoe. I love the quietness, natural beauty and serenity of that place. The first time I saw … [Read more...] about What is your favorite place in Nevada?
Flip a Switch, Turn on a Faucet: Nevada’s Utility Companies
Utilities in Nevada took a beating during the recession. Now the light at the end of the tunnel may be an indication that the economy is recovering. Utilities is a catchall phrase for services businesses and individuals use on a daily basis: water, power, natural gas. Most utilities are regulated by the Public Utilities Commission of Nevada, utility companies aren’t affected … [Read more...] about Flip a Switch, Turn on a Faucet: Nevada’s Utility Companies
Industry Focus: Accountants
Accountants in Nevada have been busy this tax season. Whether struggling with changes in tax laws or dealing with a shaky economy for their clients, CPA’s are busier than ever keeping up with the changing times. Recently, executives representing various accounting firms throughout the state met at the Las Vegas offices of Snell & Wilmer to discuss these issues and the … [Read more...] about Industry Focus: Accountants
Business Financing: An Economic Bright Spot
The business financing picture in Nevada today is brighter than it was during the two years following the country’s great recession. Capital is available. Businesses are seeking financing, and lenders are closing loans. “Things are definitely looking up,” said Bob Francl, executive vice president and regional manager of First Independent Bank, which serves clients primarily … [Read more...] about Business Financing: An Economic Bright Spot
Family Owned Business 2013
Congratulations to the 2013 Family Owned Business Finalists The backbone of the economy, family owned and entrepreneurial businesses are an integral part of Nevada’s economic landscape. It is important to recognize the achievements of these outstanding companies. Nevada Business Magazine acknowledges the hard work, late hours and personal sacrifices these owners make and … [Read more...] about Family Owned Business 2013
Tom Standish: Jolley Urga Wirth Woodbury & Standish Attorneys at Law
Shareholder Las Vegas What would you want your legacy to future generations to be? I would want my legacy to reflect my reputation as a skilled litigator in my specialized field and that I was known for working effectively with every opposing counsel. If you could be another person for a day, who would you be? Chief of Staff at the White House. I’ve always held a … [Read more...] about Tom Standish: Jolley Urga Wirth Woodbury & Standish Attorneys at Law
May 2013: Around the State
Las Vegas Named No. 1 Trade Show Destination For the 19th consecutive year, Las Vegas has been named the top trade show destination in the country, according to a list compiled by the Trade Show News Network. In 2012, Las Vegas hosted 53 of the largest shows, more than the next two competitors combined. The list represents the top 250 trade shows, ranked by net square footage. … [Read more...] about May 2013: Around the State
Industrial Summary: First Quarter 2013
Southern Nevada The Las Vegas industrial market reported a meaningful decline in vacancy rate, falling to 17.2 percent during the first quarter of 2013. Compared to the prior quarter, vacancies are down 50 basis points (0.5 percent), while compared to a year ago, they are down 70 basis points (0.7 percent). Approximately 690,600 square feet of positive net absorption was … [Read more...] about Industrial Summary: First Quarter 2013
May 2013: Business Indicators
Revised estimates for fourth quarter 2012 show U.S. real GDP increasing at an annualized rate of 0.4 percent, a little higher than the “second” estimated rate of 0.1 percent. Private inventory investment, federal government spending, and exports made negative contributions. The reduction in federal government spending comes after a surge in defense spending during third … [Read more...] about May 2013: Business Indicators
What was the first thing you bought with money you had earned yourself?
“At nine years old I started my first business renting sleds and toboggans out of my dad’s television repair shop. The business was booming and I was able to buy my first pair of skis that winter.” Scott Meier • Co-Owner, Right Now Air - “I was 14 and wanted the coolest shoes that everyone was wearing (Adidas). My dad said my shoes were just fine. I still wanted them; he … [Read more...] about What was the first thing you bought with money you had earned yourself?
Las Vegas Housing Market Improving
GLVAR reports increase in local home prices, traditional sales LAS VEGAS – Strong demand and a tight housing supply continue to push up home prices in Southern Nevada, according to statistics released today by the Greater Las Vegas Association of Realtors (GLVAR). The association's report shows existing home prices are now 30 percent higher than one year ago. With … [Read more...] about Las Vegas Housing Market Improving