The three reasons to use MDL Group and experience “exceptional” service:

1. Communication

Clear communication is a major part of any manager-tenant-landlord relationship. But these are some very practical activities that we employ in order to eliminate problems before they arise.

• Our Property Managers are encouraged to confirm phone conversations with a follow-up written email. We all know how easy it is to forget what we have just heard. A written summary of a phone conversation makes it far easier for both the manager and the tenant to remember and act on information.
• MDL Group keeps tenants informed when processing service related issues and follows up after completion to ensure the tenant is satisfied with the results. We respond timely, and remain available 24/7, to assist with emergencies And tenant questions and concerns. A quick answer tells the tenant that he has our attention and that we are serious about keeping him happy, on the landlords’ behalf.

2. Maintenance

It takes attention to detail to keep property looking and functioning at its best.

• Inspections: MDL Group Property Managers do not just stroll through the grounds and premises glancing at the floors, walls and ceilings that visitors see. Our trained professionals are continually looking for ways to ensure the property is maintained in as professional and pristine condition as possible. Our goal is to avoid costly repairs by noticing potential problems before they become major issues.
• We utilize the best third-part vendors in the valley. Contracting with top-notch companies will pay itself back when a guest or potential new tenant receives a great first impression of the property.

3. New Tenants

If you expect prospective tenants to become paying tenants, some preparation is needed.

• Consider combining property management and leasing in a single company for continuity. MDL Group can service both your property management and leasing needs.
• MDL Group ensures that the vacant spaces are clean, safe and never neglected. The landlord should not have to apologize for the condition of a vacant space when showing it to a potential tenant; instead, it should immediately recommend itself as a great place to set up shop. We inspect vacant areas regularly and periodically run water through unused sinks and toilets to make sure they are working property.

A serious real estate entrepreneur always prefers to invest his/her time on other core issues of the venture. Call on MDL Group to handle the rest!

It is the idea that earning money in real estate is all about selling property. Making money in real estate is not always about selling – it is also about buying! Buying a property at the right price and with the anticipation of appreciation can provide you with a far more profitable income source. This approach reflects the true adage, “ Give a man a fish and you will feed him today; teach him to fish and you will feed him for the rest of his life.”

There is a solid, tangible model that we can reference to prove that this approach really works. In the 1980’s investors bought assets that became available under the Resolution Trust Corporation (RTC). Fast forward to the present, and it is easy to see that those purchases were exceptionally good business decisions. They paid off very well for those who had the foresight to buy those assets with an eye toward the future.

If only those low real estate prices could be found today… in fact, they can! Commercial real estate in Las Vegas stands at historically low rates, leaving the door wide open for investors whop hope to repeat the success of the RTC investors. Purchasing quality real estate now is the key to reaping significant dividends later. Good cash flow and the low prices we are seeing today combine to make it a safer buying environment than investors have seen in quite a few years.

Follow the example of the 1980’s RTC buyers and look for properties that carry low asking prices now, but that will gain valuable tenants and appreciate over the coming years. Your future self will be glad you did!

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!