Las Vegas Commercial Real Estate, Investments, Net Lease, Land, Multi-Family, Resort, Hotel, Gaming Properties.
Sunday, May 10, 2020
Happy Mother's Day!
Tuesday, May 5, 2020
Sleazy Real Estate Agents
Late last night, I received a call from a residential agent asking about one of my motel listings.
She and her husband are a Residential Real Estate Team here in Las Vegas.
Not surprised that a residential agent would call. That happens a lot because residential agents think that selling a Commercial Real Estate (CRE) property will add to their mystic. (It doesn't.)
Anyway, this morning, The "wife" emails me that they have a cash buyer interested in acquiring a small motel. I have one listed.
I call the Owner's Property Manager (PM) and set up a tour.
As I was working on other "things," I suddenly get a text from the PM saying that a Buyer and agent are at the property asking questions. (Now, PM and myself are the only ones authorized by the Owner to answer For Sale questions.)
Fortunately, the PM was at the motel in question and did answer property questions during the tour.
Then, they suddenly left.
In the meantime, I am calling the "wife" and asked what was going on?
She said their tour was ahead of schedule and thought just going to the property to walk around was okay. (It's NOT!)
I told her that, that was unacceptable and unprofessional behavior. If she had been in real estate any length of time, she would know this.
FYI: If you make a schedule to tour a real estate property, and you are early, you call the listing agent to let them know you are early. They didn't call. I had to call them after the PM found them wandering the property and asked what they were doing?
So, if you have agents that are that lacking in management skills, you may NOT want to work with them.
The PM did say the Buyer acted as if he was offended by the condition of the property. He's a bottom feeder and I am truly sick of them.
The property is Value Add and does need work and is priced for that reason.
More as the Corona virus, COVID-19, rampages through the US.
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
She and her husband are a Residential Real Estate Team here in Las Vegas.
Not surprised that a residential agent would call. That happens a lot because residential agents think that selling a Commercial Real Estate (CRE) property will add to their mystic. (It doesn't.)
Anyway, this morning, The "wife" emails me that they have a cash buyer interested in acquiring a small motel. I have one listed.
I call the Owner's Property Manager (PM) and set up a tour.
As I was working on other "things," I suddenly get a text from the PM saying that a Buyer and agent are at the property asking questions. (Now, PM and myself are the only ones authorized by the Owner to answer For Sale questions.)
Fortunately, the PM was at the motel in question and did answer property questions during the tour.
Then, they suddenly left.
In the meantime, I am calling the "wife" and asked what was going on?
She said their tour was ahead of schedule and thought just going to the property to walk around was okay. (It's NOT!)
I told her that, that was unacceptable and unprofessional behavior. If she had been in real estate any length of time, she would know this.
FYI: If you make a schedule to tour a real estate property, and you are early, you call the listing agent to let them know you are early. They didn't call. I had to call them after the PM found them wandering the property and asked what they were doing?
So, if you have agents that are that lacking in management skills, you may NOT want to work with them.
The PM did say the Buyer acted as if he was offended by the condition of the property. He's a bottom feeder and I am truly sick of them.
The property is Value Add and does need work and is priced for that reason.
More as the Corona virus, COVID-19, rampages through the US.
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
Wednesday, April 29, 2020
Value Add Non-Gaming Las Vegas Area Motels For Sale
Are you interested in earning a 15.5% Cap Rate/ROI by owning three Las Vegas Area Motels?
If you contact me right away, I will send you the property details for each.
It's a total of 98 units from three separate motel properties in and around Downtown Las Vegas.
They earned +/-$859,000 Net in 2019.
Contact David Howes at: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
If you contact me right away, I will send you the property details for each.
It's a total of 98 units from three separate motel properties in and around Downtown Las Vegas.
They earned +/-$859,000 Net in 2019.
 |
| Casa Blanca Motel |
 |
| The Economy Motel |
 |
| The Starlite Motel |
For further information on each or altogether...
Contact David Howes at: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
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