MDL Group is excited about Carol’s opportunity to appear on a local radio station.. During the interview, Carol was able to present some of the MDL Group’s ongoing community outreach projects, update listeners on the current state of the Las Vegas commercial real estate market, and give some of her own thoughts about what brokerage, property management, and other supporting businesses are doing to attract commercial activity to Las Vegas. Here’s an overview of Carol’s interview:

Las Vegas Community Efforts

The MDL Group believes in building the future from the ground up. This means getting involved in educational and character-building projects like Citizens for a Better Nevada; the Hero School; Boy Scouts of America; and the Police Athletic League. In Carol’s words, the motivation for participating in these efforts is the responsibility to “pay it forward” – the greatest way we as a group can thank those who taught and mentored us is to do the same for the next generation.

Business in Las Vegas Today

It’s no secret that the nation is in recovery from the economic fallout that started in 2005, and Nevada has been hit harder than most other states. Along with the highest unemployment rate in the country, Nevada has both tenants and landlords that are suffering from lost income. Carol had some great ideas for ways that tenants and landlords can work together to rebuild their businesses, including:

• Exchange of business advice and feedback. Although landlords and tenants should avoid partnerships based on gross receipts, it is always to a landlord’s advantage to encourage a tenant toward excellent business policies and customer service.
• Good personal relationships. A relationship build on trust will be more likely to withstand hard economic times and bounce back stronger than before.
• Effective property management is key. Landlords, particularly those who live out of state, need good oversight to help keep their tenants content.
• Create good websites. Today’s economy depends on Internet publicity, so landlords and tenants alike should make informative, high-quality website development a high priority.

Looking To the Future

We are excited about the future development of Las Vegas commercial real estate, and there are a few indicators that tell us things are getting better:

• The Lied Institute for Real Estate Studies, along with Zappo’s relocation to Downtown, brokerage firms, and various supporting utilities, are actively reaching out to potential businesses in order to make Las Vegas as welcoming as possible. The knowledge that these organizations provide, has let to many recently unemployed entrepreneurs choosing Las Vegas as the site for their next startups.
• An increase in the number of medical and technological companies that call Nevada home ensures a future of economic development in the state.
• Improvement of Nevada’s health care system has paid off. Many baby boomers are now choosing the exciting environment of Las Vegas as their retirement destination.
• The reinvention of the downtown area and renovation of existing properties have made the city an exceptional place for businesses to set up shop.
• Easy access to information from experienced brokerage firms, attorneys, CPA’s, property management partners, and other sources is encouraging people to go ahead and take the next step in developing their business dreams.

From helping you, maintain your property to facilitating a multi-million dollar investment purchase, we have the right people to structure a successful transaction for you. Here are just a few ways the fine people at MDL Group can help you:

Property Acquisitions

Whether you need a property for your business to occupy or you are looking for an investment to grow your portfolio, we can be of service. Our agents have experience in various types of properties throughout the Las Vegas Valley. Need to buy real estate outside of the Las Vegas area? We can help you with that too, thanks to our nationwide network of contacts built by our positive reputation as a company.

Landlord Representation for Vacant Space

Have a vacant space? Let us turn your space into positive cash flow by helping you with leasing. We go well above and beyond just placing a sign and an internet posting. We can provide you a detailed market analysis so you understand what competing buildings in the area are doing, and we’ll devise a strategy to get your space leased quickly. We use the latest marketing techniques..

Property Management

Our team has the knowledge and experience to assist with all your property management needs. From rent collections to paying vendors, we have the staff to handle it. You can rest assured we will do an admirable job.

Purchase Due Diligence

Buying a property is not a simple process. Due diligence can be a long and arduous process, requiring review of financial documents, tenant information and title documents while also conducting a careful review of the building, its systems, and the land on which it sits. We can help you with this entire process, giving you a better understanding of what you’re buying

Investment Portfolio Optimization

We can review your investment real estate portfolio and discuss options to ensure that it is generating as much return as possible. We analyze each building’s operations to determine if there are more efficient ways to operate. If you have under-performing properties, we can sell them for you and assist you in obtaining a replacement property that meets your expectations. We can even assist you through a Section 1031 Tax-Deferred Exchange so that you can defer capital gains and recapture taxes.

Please contact us at 702-388-1800 or fill out our contact form for more information!