LVAM - June 2019 - Issue 33 by Las Vegas Agent Magazine

June 2019 Volume 6 â&#x20AC;&#x201C; Issue 3

Lisa& Joli Waldeck

Like mother, like daughter!

ALSO INSIDE

COntents June 2019

Created Exclusively for the Las Vegas Real Estate Professional Mike Klimek

Installing a Pocket Door

Publisher Melodie C. Miller

Volume 6 – Issue 3

Ray Long

Choosing a Vacuum Cleaner

Publisher@LVAgentMagazine.com

Brent Wood

Is Now a Good Time to Buy a Home in the Las Vegas Valley?

Sales Director Bessy Lee Oh Bessy@LVPublish.com

Photography by: Connie Palen

GRAPHIC DESIGN Sho Labaco Art@LVAgentMagazine.com

Photography Connie Palen Photos@LVAgentMagazine.com

For more information Please email Publisher@LVAgentMagazine.com or call 702-530-5033 L a s Ve g a s A g e n t M a g a z i n e i s distributed bi-monthly, via U.S. Mail to Realtors ® in the Las Vegas Valley. We welcome reader correspondence and are always looking for the best possible content to offer our subscribers. Please send all comments, suggestions and inquiries to Publisher@LVAgentMagazine.com Las Vegas Agent Magazine assumes no responsibility for, or endorses the thoughts expressed or advertised. No portion of Las Vegas Agent Magazine may be reproduced without the written permission of the Publisher. All rights reserved.

Cover photo by: Coonnie Palen

To view all past issues online, please visit

www.Issuu.com/LVAM

Lisa & Joli Waldeck

Like mother, like daughter!

Marcella Quezada

What Does a Property Manager Do?

Community Cat Coalition of Clark County

17 Housing Stats

21 News

22 News

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Installing a Pocket Door By: M i k e K l i m e k

nstalling a pocket door during new construction is easy because the walls are open and everything is visible. Installing it into a closed-up wall can be a real challenge since you have to cut open the wall to twice the width of the door (and then some), remove some studs and whatnot. A customer once called me, saying that her husband installed a pocket door that now wouldn’t slide. After investigating the problem, I discovered that after the husband had gone to work, she decided to hang some pictures on the wall using some long nails. The nails not only penetrated the wall but the door “hiding” inside the wall as well. It was a simple matter of removing the nails to free up the door. Somehow, I doubt she ever informed her husband of the picture-hanging cause of that problem. Nonetheless, a pocket door is a versatile home feature as it slides into the wall to allow passage, or it can close for privacy. It also saves space, as a regular swinging door can use as much as 10 square feet in its swinging radius. The fact that this door slides in and out of a wall creates some challenges. Instead of solid studs, steel-reinforced split studs are used to create the gap into which the pocket door may slide. The door also can’t be too thick or too heavy. About the thickest door, you can use is 13/4 inches, which will clear by one-eighth inch on either side, assuming a 31/2-inch wall cavity. Standard hardware will hold a door weighing 125 pounds, but you can buy heavy-duty hardware that will support a 200-pounder. So long as you select a door that doesn’t exceed the size and weight restrictions, you can use whatever variety you choose:

Las Vegas Agent Magazine

flat, paneled, or glass inserts. You can buy a hardware installation kit includes everything you’ll need. Installing the door is only half the problem; you also will have to finish it to really kill your weekend. The first step is removing the old door, jamb, and trim molding. The manufacturer will have instructions as to how large to cut the rough opening for your pocket door. The width of the opening is generally twice the width of the door plus an inch or so, and the height is usually the height of the door, plus 3 to 4 inches. Once you map out the cuts on your wall, use a drywall saw and cut away the drywall, according to the manufacturer’s recommendations, on one side of the wall. You will be left with the wall studs in your way. You will have to cut studs free from the drywall on the other side of the wall. The studs will have to be removed and a header installed over the opening. Your wall may or may not be load-bearing, so consult with someone knowledgeable about this step. Once you have the rough opening complete, you can move on to installing the hardware. The pocket door hangs from a track that is secured to the header. Some manufacturer’s tracks are adjustable for the length, and some are a fixed length that you will have to cut to fit. Whichever you have, make it the proper length to fit the header. You will have to secure a track end bracket to the end of the header to hold one side of the track (some manufacturers have you install the wheel carriers into the track at this point; these carry the door along the track). Place the track in the bracket and lift it up against the header, then you can screw the track to the header.

June 2019

Next, you need to install the split studs. They are held to the floor with brackets and nailed to the header. Locate the studs according to the manufacturer’s recommendations. One stud will go at the edge of the door opening, and the other will go in the middle of the pocket. Make sure the studs are plumb and then secure them. Secure the door hanger brackets to the top of the door and install the rubber bumper at the top rear of the door. Then hang the door by connecting the wheel carriers to the door hanger brackets. Mount the rear of the door first, then the front. Plumb the door by adjusting the bolts on the wheel carriers. Once everything is nice and plumb, tighten the lock nut on the wheel carrier to hold the adjustments securely. You can patch up the wall, texture, and paint and then finally install the split jambs and trim molding around the opening. If you have any problems with the door in the future, you can remove the split jambs to gain access to the wheel hardware. Mike Klimek is a Licensed Contractor and Owner of Las Vegas Handyman. He has written hundreds of articles regarding home repair and remodeling and has been published in Southern Nevada Home & Garden Magazine, Finishing Touches Magazine, Zip Code Magazines, and Real Estate Success Magazine. He has written for the Las Vegas Review-Journal & Sun since November 2000. Watch for Mike’s regular column here and in the Las Vegas RJ. (702) 896-0000 questions@pro-handyman.com

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Is now a good time to buy a home in the Las Vegas valley? By: B r e n t W o o d

rystal balls aside, there are a lot of dollars and high-level investors who are betting on “yes.”

developments in the valley planned to start by 2020 or are already in development. And don’t forget the recent developments

Here are some projects that investors are betting on Las Vegas:

Las Vegas Ballpark Home of the Aviators (AAA Baseball)

Las Vegas Stadium Home of the Raiders (NFL Football)

Cashman Field Home of Las Vegas Lights (USL Soccer)

Circa First new downtown hotel/casino is 40 years

U N LV Med ical School Sha dow Lane Building

Resortworld 7,000 room hotel/casino/ entertainment facility on the strip

Hospital Expansions Mountain View, Sunrise, Centennial, Las Vegas VA Hospital, etc.

Convention Space LVCA developing old Riviera location on the strip Astral 620 room hotel on the strip Area 15 68,000 sq. ft. retail/entertainment development The Drew Formerly Fountain Bleu is nearing completion Downtown Grand New tower Amazon New facility, adding 1,000 jobs Vegas Extreme Water / Ext reme sport venue UNLV Expansion College of Business, Graduate College, College of Engineering, etc. There are countless other small and medium-sized projects, companies, and

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Tmobile Arena Home of LV Golden Knights (NHL Hockey) With this amount of investment in Las Vegas, barring a significant economic/ geopolitical setback, Las Vegas appears to be a place of expansion, opportunity, and development for years to come. According to US BLS, unemployment in the Las Vegas area stands at 4.1% in February of 2019, down from 4.4% the year before. The public and private sectors are strong, with hiring plans in place for Clark County School District, Las Vegas Metropolitan Police, Las Vegas Fire, University Medical Center, and many other public agencies. Private sector hiring in hospitality, medical/dental, construction,

June 2019

high tech, transportation, and many other sectors abound. But what about rates. The Fed’s Charles Evans said in an interview with CNBC that he could see the Fed Funds Rate to stay flat into the fall of 2020.” This is a great outlook for those planning to obtain a mortgage in the next year or so, allowing buyers to prepare now for a purchase or new construction several months down the road. Brent A. Wood, NMLS # 327581, is Branch Manager, Washington Federal. A 15 year veteran of the Mortgage Industry, Brent has worked in positions ranging from Loan Originator to Director of Marketing, and Branch Manager. Brent has extensive experience teaching children, teens, consumers, & real estate agents on industry topics like Financial Literacy, Mortgage Financing, First Time Homebuyers, Reverse Mortgages, Loan Origination Technology, Construction Loans, Marketing, and Ethics. To reach Brent, please email: brent.wood@wafd. com or call Cell 702-629-9555 Off 702-638-1236.

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cover STORY

Photography by: Connie Palen

Lisa Joli Waldeck

! r e t h g u a d e ik l Like mother, T

hey say that families make the best music groups. The harmony is genetically tuned, the timing completely in sync.

Why should real estate be any different?

Mot he r-a nd- d aug ht e r duo Lisa and Joli Waldeck share the same cascading brunette curls, dazzling smiles, positive energy, drive for perfectionism and, now, real estate careers. All this w a s n’t plan ned from birth, though it might seem that way. Mom Lisa Waldeck has been in the business for 19 years. She started in real estate in Ohio when daughter Joli—named after parents Joe and Lisa—was three. With two working parents, it was often takeyour-daughter-to-work day before little Joli reached preschool age. Lisa believed in doing it all, herself. She was better at mothering her own child than anyone else would have been anyway.

closet, she’d exclaim, “Wow! Another walk-in closet!” “On the other hand,” laughed Lisa, “every closet is a walk-in for a four-year-old.”

There were the predictable adolescent rebellions, those years when the last thing a daughter wants to be is like her mom. By high school, Joli had decided to pursue a more domestic career in early childhood development. But perhaps even then she was following in her mother’s footsteps. After working as a nanny for a few years, she realized that babies weren’t exactly her thing after all. At least not yet. She felt the real estate world, which had worked its way into her DNA, reasserting itself. All it took was Lisa’s needing her help one summer to draw Joli back into the office. Now, four years later, Joli has become a seasoned young Realtor with license in

Las Vegas Agent Magazine

“It’s because I run all the social media and do all the flyers and tech work,” she demurred. That’s an essential skill set for sure, but there’s more to her success than that. Although only 22, Joli Waldeck is a laser-focused twenty-something, quickly getting established working alongside an accomplished Realtor who happens to be her mom. And she’s reached this stage far earlier in her work life than age mates who might still be struggling to find their way. With a start like that, the sky would seem to be the limit. The dynamic mother-daughter team with offices at LUXE International Realty and Property Management represent different, but complementary, real estate worldviews. “It’s nice to have our mix of new and old school,” said Lisa, who got into real estate just when the old black-and-white MLS book was being phased out.

“I’d take her to the office with me,” said Lisa, “so she adapted quickly to the real estate life. Even after she started half-day kindergarten, I’d pick her up, take her to broker’s opens with me and show houses after school.” Lisa thinks Joli was probably a real estate natural from the age of four. Every time she watched her mom show off another

hand, about to serve on the 2020 board of the Las Vegas Women’s Council of Realtors.

Waldeck Team Working It

June 2019

“Back when I first started, we didn’t have electronic searches. I’d go into the office every Monday and print out all the listings for potential buyers. Today, I try to determine whether my clients are paper people or electronic people. Joli is very

Cover Story

electronic, so she’s my go-to tech guru. She can do it ten times faster than I can.” What about classic mother-daughter head-butts and boundary setting? “We get along, we really do,” said Joli, her voice ringing with confidence beyond her years. “We’re very, very close. But after a while, we’re so alike; we have to have some apart time.”

from high school, we might just move here. Next thing they knew, they were looking at each other and chorusing, “What are we waiting for?” “Blue skies and sunshine, that’s what did it,” laughed Lisa. “Ohio has only 80 days of sunshine a year. You don’t realize how sunshine affects everything about your day. Now, if we have more than a couple of cloudy days in a row, I get crabby.” I n s e a r ch of sunshine, they both hopped on their computers to scour Monster.com for jobs. In 2006, Joe, a purchasing manager, left his position of nearly 25 years to take a dream job with Shelby American, surrounded daily by cars, tr ucks, and superchargers.

First family trip to Las Vegas 1998

Lisa added, “We always tell our clients that, when they walk into their ‘forever’ home, they’ll just know it. But it really came full circle for Joli when she shopped for her first new car. As soon as she drove it, she just knew it was the car for her. It warmed my heart when she told me how she now knows how our clients feel.” Put the two of them in the kitchen together, and it’s hard to tell who’s more Martha Stewart, who completes every intricate task with more machinelike precision. When she answers the phone, Joli must surely be mistaken for her mother.

Lisa landed an i nt e r v ie w w it h what was at the time Pr udential Americana. Three weeks later, she was their corporate-level marketing and operations manager. “We started our life all over again 13 years ago,” she said. “From little smalltown, Midwestern Ohio with two-lane roads, to what was a big, intimidating city

crisscrossed with three- and four-lane highways.” It didn’t stay intimidating for long. After moving to Las Vegas, Lisa got her Nevada real estate license but was quickly introduced to the world of home warranty. For seven years she built awareness as Regional Director for the West Coast, getting to know many of the brokers in town. When she decided to get back into residential real estate, she was already familiar with all of them and their business models. The only people she talked to about a job were Chris and Melissa Zimbelman at LUXE International Realty, where she’s been ever since. They, in turn, were delighted to embrace a professional with so many years in home warranty, who could also bake a mean batch of scratch-made cookies—and not just to cozy a place up for staging. Cooking might actually be a more important outlet for Lisa than real estate. Most people with a 24-7 day job like hers wouldn’t relish spending an entire day in the kitchen perfecting cake made from scratch, with homemade icing drizzle, and cookies sparkling with candied lemon peel, all the while keeping the counters and stovetop as spotless as in a TV baking show. But Lisa positively glows when she talks about cooking. “It’s my relaxing thing to do,” she said. “We grew up with cousins and dinner at grandma’s house, so we still spend family

If you don’t have somebody supportive in the background, it’ll never work."

isa and Joe Waldeck started visiting Las Vegas from Ohio once or twice a year almost as soon as they were married, 24 years ago. At the time, Joe would ask Lisa if she could picture herself living there. She’d shoot back, “Who in their right mind would live in Las Vegas? It’s the desert! Are you crazy?” Fast-forward a few years, to Vegas vacation with the kids. Driving down the 215 one day when it was still just one lane, they spotted a sign for condos at $69,000. Unheard of! They walked in and bought one. Before long, they’d also bought a vacation home and figured: Once the kids graduate

Family Christmas 2017

Vol. 6 / Iss. 3

Cover Story

to craft his wife’s handbags out of Harley-Davidson gas tanks, chromed, fully lined, w it h cu stom ChapSt ick compartments. Meanwhile, Lisa admitted, in a wild understatement, “I stay crazy involved on a number of levels. I don’t know what I’d do if I weren’t.” She was invited to join the Las Vegas Women’s Council of Realtors about ten years ago when Melissa Zimbelman was president and membership was still very low. The rest is, as they say, history. Lisa doesn’t enter any commitment halfway. She remembered, “I got very involved with the Holiday Auction, different things, doing whatever I could to support it. You start going and meeting different people, and you get even more involved. Then I started helping out with membership—one of the most WCR Las Vegas Mid Year Washington, DC Conference. important jobs in Women’s L to R: Christina Cova Simmons, Amelia Donaher Sorensen, Council because you have to Sherrie Killion Kuzmanovic, Lisa Czajka, Lisa Waldeck, recruit, maintain membership Christina Chipman, Bobbie Starr Dust, Allison Wax and make everyone feel welcome.” time together that way. I don’t know how It only made sense for her to run for to cook for two or three people. I cook for membership director, which would lead the masses.” to a Women’s Council National 2018 Mega Lisa seemed almost apologetic as she Chapter Award for Recruitment. She’d also explained that she’s cut back from weekly been approached many times to run as Sunday family dinners, for as many as president-elect, which, of course, she did. 25 people, to hosting them “only” once As 2019 president of the Women’s a month, often around themes like the Academy Awards, for which they’ll do Council, Lisa recently presided over the Top 25 Women in Real Estate Gala. As gowns and makeup for the nieces. if anyone needed more evidence of the Always seeking the perfect solution to strong mother-daughter bonds in this what others might see as a problem, Lisa family, the very next day after the gala, instituted Lemon Day, to use up some of Lisa’s own mom, Jo Ann Magner, accepted the hundreds of lemons dropped by a tree in the Woman of the Year award at Trinity their yard. Not just a day for turning lemons United Methodist Church, just four days into lemonade, it’s become a magnificent after knee surgery. excuse for an annual party with lemon drop The 2020 board has asked Lisa to stay on martinis, lemon chicken, lemon potatoes, as immediate past president. No longer a lemon cookies, and lemon meringue pie. required position, “immediate past” is an And there’s Cookie Day at Christmastime honorific recognition for her decade-long when friends, nieces, nephews, and siblings experience knowing what can and should come over to make 100 dozen cookies or be done to keep Women’s Council growing more, baking all day, decorating and doing and meaningful for members. the holidays up right. “This is probably one of the best years “Joe thinks it’s hard work, but he also we’ve had. At each meeting, we get six to gets that it’s my stress relief. He’s a very eight new members. Orientations in the past supportive real estate husband, who have had as few as 10, as many as 20 to 25 understands all the crazy that goes on. If people. Our first two 2019 orientations had you don’t have somebody supportive in the over 50 attending each one. background, it’ll never work.” “Our orientations aren’t just for members. Joe is so supportive, in fact, that he’s used People want to come check us out before his engineering know-how to complete jumping in. To convince someone to take many of the renovations around the family’s time out of their business for a two-hour picture-perfect home. He’s also been known

Las Vegas Agent Magazine

June 2019

monthly meeting, we want them to see the value and content we create for them to take back and implement in their business. “They’ll learn that there’s nothing more powerful than getting an offer on one of your listings and realizing it’s from a Women’s Council member with whom you sat, whom you know. It makes the whole transaction go much more smoothly when you can say, ‘I met you at Women’s Council.’ “ Her wise, old-school conclusion: “We’ve lost that personal touch. I think we need to get back to relationship building in this business, not just text messages and emails.” In the future, she can see herself in a state-level governor position, and daughter Joli firmly established in the Las Vegas Women’s Council. The Waldecks’ son, Nick, whose first job at 16 was delivering flyers for Frank Napoli Sr., has also worked as an assistant for several top-producing agents over the years. He’s currently front desk coordinator for Signature Real Estate Green Valley. So, is this a family dynasty? “I hope so,” said Lisa, “because Joli’s good! She tells me all the time that she’s not really a people person, but she’s evolved into one. Clients love a mother-daughter team that can tag-team, divide and conquer, get more things done.” Some clients who don’t quite know Joli ask the youthful 22-year-old, “So you didn’t have to go to school today? Working with your mom? Isn’t that nice.” Others acknowledge, in astonishment, “So you both … so it’s, like, a package deal? We get two for one?” Indeed.

Waldeck Family attending WCR Las Vegas Installation of 2019 President Lisa Waldeck.

You can reach Lisa & Joli by calling 702.908.9003 or emailing LisaW@LUXEInternationalRealty.com

Choosing a Vacuum Cleaner I By: R a y L o n g

n past issues, it has been explained that consistent vacuuming is essential for multiple reasons such as extending the life of your carpet and improving indoor air quality and the next question commonly asked is...what vacuum should I buy? Vacuum cleaners are not all the same, and I hope to pass along some things to consider when choosing a vacuum cleaner. There are many things to consider such as style, brand, accessories, and price when choosing, however, some of the most important things to consider when purchasing your next vacuum cleaner often should be what type, such as canister or upright and bagless or bagged as well as specifications such as cfm (cubic feet per minute), amperage, watts and lift which are usually listed on the side of the box under specifications. For the purposes of this article, we will focus on the needs of an average consumer, homeowner, or anyone in a residential setting. Shopping by Type Start by determining the best vacuum for the type of cleaning you do. If you have wall-to-wall carpet or lots of rugs, uprights with a bag are the best choice. If you have lots of stairs, canisters can be easier to maneuver, and they tend to do well on floors with hard surfaces, from hardwood to tile. Stick vacs and handheld models are great for lighter tasks, such as spilled cereal, that need quick attention. A vacuum cleaner with a motorized brush cleans carpets better than one powered only by suction. A switch that can deactivate the brush will help protect the finish of bare floors and avoid scattering debris. Consider models with a manual carpet pile-height adjustment control, along with suction control for cleaning draperies and other delicate fabrics. Bagged vs. Bagless. Bagged-type vacuums tend to hold more dirt, and emptying them releases less dust into the air, thus helping with indoor air quality. An indicator tells you when the bag or bin is full. With bagless vacuums, you can save

money by not having to buy bags, but these use more filters (such as HEPA filters) that need to be periodically cleaned or replaced While this isn’t always the case bagged vacuum cleaners often use HEPA filters to help trap the most allergens that may be around your home. ... On top of that, HEPA filters are known to remove more dust and pollen from the air than any other type of filter. Specifications What makes a powerful vacuum? Most people find it difficult to differentiate between low and high suction units. If you want to quickly test the suction power of your vacuum cleaner, try switching the vacuum to “carpet mode.” Power on the unit and let it run on maximum power. Try attaching the floorhead to a wall. If you have a high suction power device, it should stay attached to the wall without any external support. Water lift is what gives a vacuum cleaner the power to pick up or “lift” debris from the f loor surface, while airf low then removes it to the dust bag. Vacuum cleaners with more inches of water lift will have an easier time picking up sand and other heavier soils from carpet and flooring. The higher the CFM value, the higher the suction power. Common vacuum cleaners operate in the range of 50 to 100 CFM. Tip: CFM is usually measured without any connected hose, wand, or other accessories. Watts...This is probably the most common value provided by the manufacturer. Watts refers solely to the motor power consumption, not to its performance. As a general rule of thumb, units with higher watts have more powerful motors and thus, suck better. Amps...the Amps specification is in a way, similar to Watts, as it also refers to power consumption. Thus, the logic listed above stands: the higher the Amps, the better the suction power. Decibels...according to experts, an ordinary vacuum cleaner can generate noise output in the range of 74 to 81 Decibels compared to a quiet vacuum cleaner that is designed to operate at less than 72 Decibels. How much suction power is enough? The level of suction power required in a vacuum cleaner depends only on your needs. It’s like buying a car. Smaller motors consume less. Bigger motors are more powerful and fun. If you are looking for a vacuum cleaner to keep your home or small office space clean and free of dust, a standard canister with a moderate level of suction power would be a good choice (you will save energy). If you are looking at heavy cleaning chores such as for an industrial area or a large

shop, you will obviously need a powerful unit such as a shop-vac, which can take care of heavy debris effectively, in a shorter time span. If you’re looking for numbers, let’s just say 180-200 AW is great for an upright, 80-100 AW is more than enough for a cordless and 300+ AW should be ok in a canister. Are expensive vacuums worth it? The short answer is, not always. Some cheap vacuum cleaners perform better than much more expensive rivals. And some cheap vacuum cleaners do better than their more expensive siblings, while other vacuum cleaners see significant differences in quality as the price goes up. You can find cheap vacuums for a hundred dollars or less that perform about as well as vacuum cleaners that cost two and three times as much though there are cheap vacuums that are responsible for the poor reputation cheap vacuums have. The solution to this is doing your research to find out if the brand you’re interested in makes high-quality, affordable vacuum cleaners, instead of assuming paying more money will yield a better product. In summary, consider the overall objective when buying a vacuum such as a person’s concerns for allergens should consider a bagged unit with Hepa filtration. A home with lots of carpet should consider an upright with a brush roller, sometimes referred to as a beater bar. A home with lots of hard surfaces may find a canister vacuum better. Comparing the specifications such as water lift cfm, watts, and amps will help you purchase a more powerful vacuum. Beyond high suction power, consumers should look for other factors such as ease of operation, maneuverability, and low noise levels when they set out to buy a vacuum cleaner. Maneuverability is a quality that is often overlooked. I.e., there is no point in having an extremely powerful vacuum cleaner if you can’t use it to access difficult spots. Given the information above, one needs to consider their facility and requirements and choose the vacuum cleaner that best suits their needs.

Ray Long has been the Owner-Operator of Raysco Inc. for over 20 years. With extensive education and certification from the Institute of Inspection Cleaning and Restoration, Ray is also certified in Carpet Cleaning, Water Damage Restoration and Mold Remediation. For more information, or to reach Raysco, please call (702) 837-4914 or visit: RaysCoInc.com.

Vol. 6 / Iss. 3

Be a Part of the Solution

C5 and Trap, Neuter, Return (TNR)

e k a M p Hel e c n e r e f f i aD

Las Vegas Agent Magazine

June 2019

C5 is an all-volunteer organization working to prevent unnecessary euthanasia of healthy feral and free-roaming cats by providing trap, neuter and return (TNR) programs to the community. The cats are trapped, spayed or neutered, vaccinated and returned to the colony caretaker. The colony caretakers play an important role in the life of the feral and free-roaming cats. They provide food, water, shelter, and ensure the colony is managed by supporting TNR. Feral cats or free-roaming cats usually live in colonies. The colony may or may not have a colony caretaker who feeds and manages the colony. Recently, due to foreclosures and economic impacts, domestic/socialized cats are being abandoned. These cats are not truly feral however, they are left to live in the community and fend for themselves. These cats are referred to as free-roaming and often join a nearby colony. TNR is an effective, humane way to reduce cat overpopulation issues. Since June, 2009 C5 has trapped over 36,600 feral cats, had them spayed or neutered, and returned to their colony caretakers. By humanely trapping, spaying or neutering, vaccinating, and returning cats to their outdoor homes, no more kittens are born to die; the population decreases.

FYI At the same time, we can free up animal control and shelter resources for adoptable animals while assisting peaceful coexistence among communities and the feral cats who call those communities home. Volunteers Volunteers are crucial members of our team. We work together to provide the best support and service to the community residents and want your participation to be both enriching and rewarding. Your dedication to furthering the mission, vision, and goals of C5 are of critical importance in our effort to humanely reduce the population of homeless cats.

Each cat C5 traps is spayed or neutered and vaccinated. The cost to the organization is $60 per cat. C5 being a 501 (c) 3 non-profit relies on donations to pay for expenses. Donations are greatly appreciated and needed.

We are eager to meet you and welcome you to our team!

Needed Trappers Selects projects, coordinates trapping effort with colony caretaker, transports trapped cats to clinic or staging facility. Post surgery returns cats to colony caretaker. Stagers Cares for the cats pre/post surgery at the staging facility. Cleans traps, provides food and water, and sweeps and mops the floor. Staging facility is in the Northwest area of the valley.

Statistics In 2009, when C5 started the local shelter was euthanizing over 18,500 healthy feral and stray cats. At the end of December 2018, the number of healthy feral and stray cats euthanized at the shelter was 1,382 which is a direct result of Trap, Neuter, Return (TNR)

If you would like more information please send an email to the Volunteer Coordinator at Volunteer@C5-TNR.org. If you would like to donate, visit our website at

www.c5-tnr.org/donate.php or call 702-582-5867. Vol. 6 / Iss. 3

what does a property manager do? why do I need one if all they do is collect rent? By: M a r c e l l a Q u e z a d a

property manager deals directly with prospects and tenants, saving you time and worry over marketing your rentals, collecting rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions. In this business, we all have different business practices, and in my opinion, you can only be an expert at one thing and good at several, property management can take 200% of the time not allowing time for other areas if you want to do this right. It is critical to have systems in place and competent staff. For a real estate agent, itâ&#x20AC;&#x2122;s essential to have their client in good hands and the property well taken care of so their client will purchase more investment properties when they see being a landlord is easy and cost-effective. It is certainly possible to get a bad tenant out of your home once they are in, but itâ&#x20AC;&#x2122;s a real hassle, and you are so much better off never accepting them in the first place. A thorough screening process results in reliable tenants that: Pay on time Rent longer Put less wear and tear on the unit. Generally, cause fewer problems The way you handle rent collection and late payments can be the difference between success and failure as a property manager. Collecting rent on time every month is the only way.

Las Vegas Agent Magazine

Tenants have to be trained to follow every part of the lease or deal with the consequences. Property managers have an advantage because tenants realize that they, unlike the owner, are only doing their job and are obligated to enforce the lease terms. Many property managers will tell you that it is considerably easier to manage other peopleâ&#x20AC;&#x2122;s units rather than their own for this reason. As a property manager, the goal is to help the landlord with as little or as much as they need. Personal benefits for owners Less stress - Avoid having to deal with middle of the night emergencies, chasing down rent, evicting people from your property, tenants who wreck your property, rental scams, lousy vendors, piles of paperwork. More freedom - Live and invest Free up more of your time - Time is money,

June 2019

and for many investors, their time can be more profitably spent in areas other than servicing their properties. Visit my website: www.lasvegasyourhome.com

Marcella Quezada is Broker/Owner/ Property Manager of Monarch Property Management & Realty. Full time Property Manager, Marcella holds professional designations; ABR, RRG and GREEN and is involved in numerous committees at the GLVAR. For more information or to reach Marcella, please call 702-412-7189 or email pm@lasvegasyourhome.com

Local Housing Statistics N ews

Local home prices hovering around $300,000, with more homes on the market

ocal home prices are hovering around $300,000, while the number of homes on the market continues to increase. So says a report released Wednesday by the Greater Las Vegas Association of REALTORS® (GLVAR). GLVAR reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during April was $300,000 – the same price as GLVAR reported for March. That’s up 3.8% from $289,000 in April of 2018. The median price of local condos and townhomes sold in April also increased compared to the previous year. The April median price of $170,000 was up 2.1% from March and up 9.7% from $155,000 in April of 2018. “We’ve been watching home prices appreciate at a slower rate for many months, but this is the first time in seven years that we’ve reported an annual home price increase this low,” said 2019 GLVAR President Janet Carpenter, a longtime local REALTOR®. “This shows how the local housing market is stabilizing this year, with gradually appreciating prices, more homes on the market and slower sales.” The 3.8% median home price increase in April 2019 was the smallest year-over-year increase since April of 2012, when GLVAR reported the median price for single-family homes increased 2.3% from the same month in 2011.

Before slowing down this year, local home prices had generally been rising since early 2012, climbing back toward their all-time peak. According to GLVAR, the median price of existing single-family homes sold in Southern Nevada peaked at $315,000 in June of 2006. Local home prices hit a post-recession bottom of $118,000 in January of 2012. The total number of existing local homes, condos and townhomes sold during April was 3,625. Compared to one year ago, April sales were down 0.2% for homes, but up 8.7% for condos and townhomes. At the current sales pace, Carpenter said Southern Nevada now has less than a three-month supply of homes available for sale. That’s up from one year ago, but still below what would normally be considered a balanced market. By the end of April, GLVAR reported 7,435 singlefamily homes listed for sale without any sort of offer. That’s up 94.8% from one year ago. For condos and townhomes, the 1,826 properties listed without offers in April represented a 131.1% jump from one year ago. GLVAR reported a total of 42,876 property sales in 2018, down from 45,388 in all of 2017. At the current sales pace, Carpenter expects sales numbers to be slightly lower this year than last year. GLVAR reported that 21.8% of all local properties sold in April were purchased with cash. That’s down from 27.3% one year ago. That’s also well below the February 2013 peak of 59.5%, indicating that cash

buyers and investors are still active in the local housing market, but have been playing a much smaller role than they were during and just after the Great Recession. The number of so-called distressed sales remains near historically low levels. GLVAR reported that short sales and foreclosures combined accounted for just 3.0% of all existing local property sales in April. That compares to 2.5% of all sales one year ago and 8.4% two years ago. These GLVAR statistics include activity through the end of April 2019. GLVAR distributes statistics each month based on data collected through its MLS, which does not necessarily account for newly constructed homes sold by local builders or homes for sale by owners.

Other highlights include: ∞ The total value of local real estate transactions tracked through the MLS during April was more than $988 million for homes and nearly $138 million for condos, high-rise condos and townhomes. Compared to one year ago, total sales values in April were up 2.9% for homes, and up 18.1% for condos and townhomes. ∞ Homes and condos are selling at a slower pace than last year at this time. In April, 74.3% of all existing local homes and 79.3% of all existing local condos and townhomes sold within 60 days. That compares to one year ago, when 86.5% of all existing local homes and 91.5% of all existing local condos and townhomes sold within 60 days.

Vol. 6 / Iss. 3

Housing NEWS N ews

Greater Las Vegas Association of REALTORS® April 2019 Statistics

Single Family Residential Units AVAILABILITY AT END OF PERIOD # of available units listed Median list price of available units Average list price of available units

Condo/Townhouse Units

Change from Change from Apr 19 Mar 19 Apr 18 11,999 +4.4% +39.7% 329,900 +1.5% +1.5% 475,838 +1.9% -0.8%

$ $

Change from Change from Mar 19 Apr 18 7,435 +4.9% +94.8% 349,900 +1.4% -10.3% $ 539,385 +1.5% -16.2% $

Apr 19

*AVAILABILITY AT END OF PERIOD # of available units listed w/o offers Median list price of available units w/o offers Average list price of available units w/o offers

$ $

Change from Change from Mar 19 Apr 18 4,309 -2.3% +14.8% 325,000 +1.6% +4.9% $ 426,192 +4.8% +9.2% $

Apr 19

NEW LISTINGS THIS PERIOD # of new listings Median price of new listings Average price of new listings

$ $

Change from Change from Mar 19 Apr 18 2,872 +9.6% -0.2% 300,000 +0.0% +3.8% $ 344,086 -2.5% +3.1% $

Apr 19

UNITS SOLD THIS PERIOD # of units sold Median price of units sold Average price of units sold

$ $

TIME ON MARKET FOR UNITS SOLD THIS PERIOD 0-30 days 31-60 days 61-90 days 91-120 days 121+ days

Apr 19 55.6% 18.7% 9.9% 6.0% 9.8%

TOTAL HOME SALES DOLLAR VALUE FOR UNITS SOLD THIS PERIOD

Mar 19 51.9% 17.7% 11.9% 8.5% 10.0%

Apr 18 72.9% 13.6% 4.9% 3.1% 5.5%

Apr 19 2,838 174,000 192,166 Apr 19 1,826 169,839 193,562 Apr 19 1,017 179,900 197,545 Apr 19 753 170,000 183,221

Change from Change from Mar 19 Apr 18 +4.3% +131.1% +0.5% +6.1% +1.1% -4.9% Change from Change from Mar 19 Apr 18 -4.1% +9.7% +2.8% +9.0% +4.9% +8.4% Change from Change from Mar 19 Apr 18 +17.8% +8.7% +2.1% +9.7% +2.9% +8.7%

Apr 19

Mar 19

58.2% 21.1% 8.2% 5.3% 7.2%

Change from Change from Apr 19 Mar 19 Apr 18 988,216,252 +6.8% +2.9% $ 137,965,783 Apr 19

Change from Change from Mar 19 Apr 18 +1.5% +51.1% +2.4% +8.8% +1.2% +1.8%

Apr 18

57.4% 16.6% 10.2% 6.6% 9.2%

76.8% 14.7% 4.0% 1.6% 2.9%

Change from Change from Mar 19 Apr 18 +21.3% +18.1%

Source: Greater Las Vegas Association of REALTORS® For media inquiries, please call George McCabe, with B&P Public Relations, at (702) 325-7358 DISCLAIMER: This data is based on information from the Greater Las Vegas Association of REALTORS® (GLVAR) Multiple Listing Service (MLS). This information is deemed reliable but is not guaranteed. MLS collects, compiles and distributes information about homes listed for sale by its subscribers who are real estate agents. MLS subscription is available to all real estate agents licensed in Nevada, but is not available to the general public. Not all licensed agents subscribe to the MLS. MLS does not include all new homes available or listings from non-MLS agents, nor does it include properties for sale by owner. The territorial jurisdiction of the GLVAR as a member of the National Association of REALTORS® includes Clark, Nye, Lincoln and White Pine Counties, Nevada, and such other areas as from time to time may be allocated to the GLVAR by the Board of Directors of the National Association of REALTORS®.

*This category reflects the existing market availability of listings without pending or contingent offers. Source: Greater Las Vegas Association of REALTORS® For media inquiries, pleaseGreater call George McCabe, with B&P Public Relations, at (702) 325-7358. Las Vegas Association of REALTORS® Statistics

Greater Las Vegas Association of REALTORS® Statistics

Availability Without Pending Or Contingent Offers DISCLAIMER: This data is based on information from the Greater Las Vegas Association of REALTORS® (GLVAR) Multiple Listing Service (MLS). This information is deemed reliable Units Sold in Period but is not guaranteed. MLS collects, compiles distributes information listed for sale by its subscribers who are real estate agents. MLS subscription is available to all Availability Without Pending Or Contingent Offers Units Sold in Period [ Endand Of Period ] about homes real estate agents licensed in Nevada, but is not available to the general public. Not all licensed agents subscribe to the MLS. MLS does not include all new homes available or listings End Of Period

Thousands

from non-MLS agents, nor does it include properties for sale by owner. The territorial jurisdiction of the GLVAR as a member of the National Association of REALTORS® includes Clark, 4000of Directors of the National Association of Nye,14 Lincoln and White Pine Counties, Nevada, and such other areas as from time to time may be allocated to the GLVAR by the Board REALTORS®. Single Family 3500 12 Residential Units

10 8 6 4 2 0

Condo/ Townhouse Units

3000 2500 2000 1500 1000 500 0

Month

Condo/ Townhouse Units

Month

Source: Greater Las Vegas Association of REALTORS®

For media inquires, please call George McCabe, B&P Public Relations, at (702) 325-7358.

DISCLAIMER: This data is based on information from the Greater Las Vegas Association of REALTORS® (GLVAR) Multiple Listing Service (MLS). This information is deemed reliable but is not guaranteed. MLS collects, compiles and distributes information about homes listed for sale by its subscribers who are real estate agents. MLS subscription is available to all real estate agents licensed in Nevada, but is not available to the general public. Not all licensed agents subscribe to the MLS. MLS does not include all new homes available or listings from non-MLS agents, nor does it include properties for sale by owner. The territorial jurisdiction of the GLVAR as a member of the National Association of REALTORS® includes Clark, Nye, White Pine and Lincoln Counties, Nevada, and such other areas as from time to time may be allocated to the GLVAR by the Board of Directors of the National Association of REALTORS®.

About About

the theGLVAR GLVAR

Single Family Residential Units

homes listed for sale by its subscribers who are real estate agents. MLS subscription is available to all real estate agents licensed in GLVAR GLVAR was was founded founded in in 1947 1947 and and provides provides itsits more more than 11,000 local local members members with education, education, Nevada, but is notthan available to 11,000 the general public. Not all licensed agents subscribewith to the MLS. MLS does not include all new homes available or listings from non-MLS agents, nor does it include properties for sale by owner. The territorial jurisdiction of the GLVAR as a member of the National Association of REALTORS® includes Clark, Nye, White Pine and Lincoln Counties, Nevada, training training and and political political representation. representation. The The local local representative representative ofof the the National National Association Association ofofand such other areas as from time to time may be allocated to the GLVAR by the Board of Directors of the National Association of REALTORS®. REALTORS®, REALTORS®, GLVAR GLVAR is is the the largest largest professional professional organization organization in in Southern Southern Nevada. Nevada. Each Each GLVAR GLVAR member member receives receives the the highest highest level level ofof professional professional training training and and must must abide abide byby aa strict strict code code ofof ethics. ethics. For For more more information, information, visit visit www.HomeLasVegas.com www.HomeLasVegas.com oror www.lasvegasrealtor.com. www.lasvegasrealtor.com.

Las Vegas Agent Magazine

June 2019

Local Housing Statistics N ews

Vol. 6 / Iss. 3

Housing NEWS Realty Investments & PM LLC

N ews GLVAR’s Young Professionals Network honors its top local REALTORS®

6. Annie Bushman, Signature Real Estate Group

31. Shay Stein-Fillinger, Redfin

7. Sarah Cadiz, Coldwell Banker Premier

32. Timea Szepesi-Gabay, RE/MAX Central

8. Jenny Chaidez, Next Level Realty

33. Ana Tann, Huntington & Ellis

9. Nancy Chen, LIFE Realty

34. Alex Vazquez, Coldwell Banker Premier

10. Christina Chipman, Urban Nest Realty 11. Nick Devitte, Forever Home Realty

12. Maryann Dingman, Vegas One Realty

The awards program was created to acknowledge the top local REALTORS® under the age of 40 who demonstrate excellence in their careers and service to their community, the real estate industry and their state, local and national associations. This year, 39 (instead of 40) honorees were chosen by a committee of GLVAR members, who also considered their professional designations, contributions to charities and to GLVAR’s Political Survival Fund, as well as their annual real estate sales transactions and number of properties they manage.

16. Allexandra Glassman, Platinum Real Estate Professionals

he Greater Las Vegas Association of REALTORS® (GLVAR) and its Young Professionals Network of Las Vegas (YPN) have announced the winners of their annual “40 Under 40” awards for 2019.

All 39 honorees will be recognized at a May 23 event in the Vanity Nightclub at the Hard Rock Hotel & Casino and recognized in various ways by GLVAR. YPN’s honorees for 2019 include: 1. Jonathan Adams, Signature Real Estate Group 2. Nora Aguirre, Century 21 Americana

5. Dertrez Brown-Pressley, Guardian

YPN of Las Vegas

14. Larissa Gaccione, BHHS Nevada Properties 15. Kyla Gebhart, Simply Vegas

17. Jessica Hallenbeck, Signature Real Estate Group 18. Keith Jones, Keller Williams Market Place 1 19. Juan Lopez, Keller Williams Market Place 20. Kelley Lopez, Liberty Homes Realty 21. Paulina McKinney, Urban Nest Realty 22. John McNamara, Keller Williams Market Place 1 23. Cassandra Mor, The Mor Group 24. Brandy Nixon, Keller Williams Market Place 25. Regina Petrella, Keller Williams Market Place 1 26. Amy Poremba, Las Vegas Shorewood Real Estate 28. Stephen Roberts Jr., SER Realty LLC

4. Darryl Braswell, Signature Real Estate Group

About

13. Jennifer Franco, Simply Vegas

27 Nigussie Riktu, Urban Nest Realty

3. Jordan Betten, Simply Vegas

30. Christie Stark, Signature Real Estate Group

29. Jason Schifrin, Zahler Properties LLC

35. Cristian Villanueva-Macias, Blue Diamond Realty LLC 36. Rexalynn Walberg, Signature Real Estate Group 37. Zach Walkerlieb, Coldwell Banker Premier 38. Victoria Watkins, Realty One Group 39. Brad Wolfe, LIFE Realty District Repeat honorees being inducted into YPN’s Top 40 Hall of Fame include GLVAR members: • Christina Cova-Simmons, BHHS Nevada Properties • Andrew Dionne, Barrett and Co., Inc. • Robert Gluskin, Signature Real Estate Group • Jonathan Jacobs, Simply Vegas • Eric Kruger, Blue Diamond Realty LLC • Alexandra Malenkina, Nevada Realty Experts • Jason Mattson, Orange Realty Group LLC • James McGuire, Signature Real Estate Group • Yared Rivera, My Home Group • Angela Tina, Urban Nest Realty • Peter Torsiello, NextHome Community Real Estate • Geoffrey Zahler, Zahler Properties LLC • Kamyar Zargari, Triumph Property Management Company

YPN of Las Vegas is an organization of young, career-minded, real estate professionals who focus on the importance of education, technology, community service and building relationships through networking. Central to the mission of YPN of Las Vegas is the goal of creating programs to encourage, foster and promote young GLVAR members to excel in their careers and encourage the pursuit of leadership roles at the local, state and national levels.

Las Vegas Agent Magazine

June 2019

Cruising into Summer

Member Appreciation Event (Free & For Members Only)

Wednesday, June 12th, 2019 5:30 - 7:30 Special WCR Charter, Aboard LaContessa @ Lake Las Vegas Pick up the last of the spring breezes while cruising around the lake. Drinks, Horsâ&#x20AC;&#x2122;derves, & Raffles! Limited capacity, so donâ&#x20AC;&#x2122;t delay! Book your passage today by going to: wcrlv.org/EVENTS Hosted by:

Lake Las Vegas & Las Vegas Agent Magazine.

Vol. 6 / Iss. 3

SOUTHERN NEVADA HOME BUILDERS ASSOCIATION

Top Home Features Boomers Want

aby boomers have a few distinct preferences when it comes to home location and features, according to a recent survey from the National A s s o c i a t io n of Home Bu i ld e r s ( N A H B) . T h e By: N a t H o d g s o n survey asked firstS N HB A C E O time buyers and existing home owners across different age groups to rank features based on how essential they are to a home-purchasing decision. Boomer home buyers overwhelmingly preferred to live in the suburbs compared

Las Vegas Agent Magazine

to other age groups. When asked about community features, boomers want to be near retail space. They also had a strong preference to live in a pedestrian-friendly community with walking/jogging trails and a park area. Compared to millennials, playgrounds and swimming pools are not popular community features for boomers. The survey revealed different preferences for home size across age groups. Older buyers preferred a smaller house with highquality products and amenities compared to millennial home buyers. Only a few older home buyers in the survey preferred a home with more than one story, compared to a majority of younger home buyers. There also were striking differences between age groups when asked about bath and specialty rooms. Nearly half of older home buyers consider a full bath on

June 2019

the main level essential, compared to less than a third of younger home buyers. A significant percentage of older home buyers did not want a whirlpool tub, skylight or dual toilets in the master bath, compared to younger home buyers. Specialty rooms associated with entertainment, such as a media or game room, appeal less to boomers compared to millennials. Although most home buyers in each generation consider energy efficiency an essential or desirable home feature, this preference increases significantly with age. A majority of millennials (76 percent) want ENERGY STAR-rated windows in their homes, compared to an overwhelming majority of boomers (91 percent). Visit snhba.com to learn about the latest features available in new homes in the Southern Nevada area.

s r e y a l P r e k Attention Po e! s u a c t ea r g a g in p el h e il Have fun playing wh

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