Change of Leadership at Las Vegas Realtors

What is Happening at LVR?

In a dramatic turn of events that has sent shockwaves through the Nevada real estate community, Las Vegas Realtors (LVR) announced the simultaneous resignations of outgoing President Merri Perry and President-elect Joshua Campa from the board of directors and all committees. The departures mark the culmination of a tumultuous year marked by internal strife, public confrontations, and allegations of misconduct.


George Kypreos, who will now step into the role of president for 2025, addressed the crisis head-on in a candid video message to members. "Instead of focusing on our association's mission, we found ourselves preoccupied with egos and power struggles," Kypreos admitted, promising this would be the first in a series of communications aimed at rebuilding trust. "Instead of highlighting ethics and transparency, personal agendas clouded our judgment. Instead of nurturing strong community ties, we put our credibility on the line — and lost."


The controversy that has engulfed LVR traces back to March 2024, when what should have been a routine forum devolved into chaos. According to the Las Vegas Review-Journal, security personnel had to intervene when one agent physically "charged" at another who was attempting to ask a question, requiring both individuals to be forcibly separated.


The situation escalated dramatically in August when approximately 50 agents, frustrated with perceived irregularities in the organization's governance, staged a protest at LVR headquarters. Their primary demand: an independent investigation into allegations of interference in the elections of board members and officers. The crisis deepened further in November, as members took the extraordinary step of filing formal complaints about the group's leadership structure with the Nevada Attorney General's Office.


Perhaps most revealing are the circumstances surrounding Campa's departure. A three-year veteran of LVR's leadership team, Campa took to Facebook to explain his decision, painting a disturbing picture of organizational dysfunction. In a lengthy post, he detailed receiving blackmail threats and described an "environment of toxicity" that he says severely impacted not only his mental and physical health but also affected his brokerage staff and personal life.


"I resigned because I am not interested in engaging or being involved in any way with many of the people you see post online everyday about LVR," Campa wrote, adding, "Never have I seen a group so infatuated and stimulated by perpetuating drama and negativity."


The leadership vacuum created by these resignations comes at a particularly challenging time for the real estate industry in Las Vegas. As the market grapples with shifting economic conditions and evolving consumer preferences, the need for stable, focused leadership has never been more critical.


Looking ahead, Kypreos faces the daunting task of rebuilding trust and restoring stability to an organization that has seen its reputation significantly damaged. His promised series of video communications suggests a commitment to transparency, but questions remain about how effectively LVR can move past this period of unprecedented internal conflict.


This saga has raised broader questions about governance and accountability in real estate trade organizations, with industry observers watching closely to see how LVR navigates this critical transition period. The coming months will likely prove crucial in determining whether the organization can successfully reform its internal culture and refocus on its core mission of serving the Las Vegas real estate community.

Turn Extra Cash into Lasting Legacy: Help Your son/daughter Own a Home!

April 28, 2025
Helping Your Child Buy a Home: Smart Strategies with Tax Benefits  Many parents want to help their children buy a home, but doing so in a way that also provides financial and tax advantages is key. Here are a few strategies to consider when assisting your son or daughter with homeownership while maximizing tax benefits. 1. Gifting Money for a Down Payment The IRS allows individuals to gift up to $18,000 per recipient annually ($36,000 for married couples) without triggering a gift tax. If you stay within this limit, your child receives a down payment boost without tax consequences. 2. Loaning Money to Your Child Instead of gifting, you can lend money at the IRS’s Applicable Federal Rate (AFR), which is often lower than traditional mortgage rates. Structuring it as a formal loan allows your child to build equity while you may receive interest income. 3. Co-Signing or Co-Owning the Home Some parents choose to co-sign a mortgage or co-own the home. While this can help secure better loan terms, it also means shared financial responsibility. If you co-own, you may be able to deduct mortgage interest and property taxes on your tax return, depending on usage. 4. Buying the Home as an Investment Property If your child pays you rent, the home could be classified as an investment property. This allows you to deduct expenses like mortgage interest, property taxes, and maintenance. However, rental income must be reported to the IRS. Final Thoughts Every financial situation is unique, and tax laws change. Consulting with a tax professional or estate planner ensures that your support aligns with your financial goals and tax strategy. Helping your child buy a home is a generous step—doing it wisely ensures benefits for both of you.

Using Our Screening Score Sheet for Rental Applications

April 21, 2025
When applying for one of our rental properties, we use a comprehensive screening score sheet to ensure all applicants are held to the same standard. The score sheet evaluates various aspects of your financial stability and rental history, helping the landlord make informed decisions while maintaining a fair and transparent process! Here’s a breakdown of how we assess your application utilizing the screening score sheet: 1. Length of Residency: While longer periods at previous residences typically suggest reliability and commitment, we understand that some applicants may be first-time renters. We welcome first-time renters, and on the screening score sheet, you can assign yourself a "1" under "Length of Residency" if this is your first rental experience! 2. Collections: We review any outstanding collections, including monthly utilities or bills, as well as loans (excluding medical bills). This helps us assess your overall financial responsibility. Your estimated monthly payment for all your loans, utilities and bills is also taken into consideration. 3. Rent-to-Income Ratio (per household): To ensure you can comfortably afford the rent, we require that your monthly income is at least 2.5 times the rent amount. This ratio helps us verify your ability to manage rent payments alongside other living expenses. 4. FICO Score: While there is no specific minimum FICO score, we do take it into account when evaluating your financial health. A higher score indicates a history of responsible credit management. 5. NSF/Late Payments & Landlord Disputes: We look into your rental history to ensure that there are no frequent NSF (non-sufficient funds) or late payments, and that there are no unresolved disputes with previous landlords. Please note that all application charges are non-refundable, and every occupant over the age of 18 must submit a separate application. Our scoring system ranges from 0 to 21, with 15 being the lowest acceptable score. All approvals or denials are ultimately decided by the property owner. We do not operate off a first come first serve basis, so if you are curious about the status of applications prior to applying, please don’t hesitate to call our office! By using our screening score sheet, we aim to create a rental environment where both tenants and property owners can thrive. This score sheet can be found on our site, under the Before You Apply Manual, as well as under “Rental Resources”.

Declutter and Earn: Join the Outdoor Swap Meet at the Downtown Recreation Center in Henderson!

April 16, 2025
Looking to declutter your home while making some extra cash? The outdoor swap meet at the Downtown Recreation Center in Henderson is the perfect opportunity! Whether you’re cleaning out your closets, clearing space in your garage, or finding a new home for gently used toys, books, and clothes, this event is your chance to turn those items into money. Each booth equals two parking spots, and registration is required at least one week in advance. All booths are assigned randomly, ensuring a fair and fun atmosphere for all. Remember, only second-hand items can be sold, so it’s a great way to recycle and give your items a second life. Event takes place April 19th & May 17th! The swap meet opens at 7am, so come early to shop! Admission is free for all ages, making it a perfect outing for families looking to find unique treasures. Ready to get started? Simply register on the City of Henderson website to secure your spot. It’s time to clean out, earn some extra cash, and find something new – don’t miss out on this exciting event at the Downtown Recreation Center!
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