Las Vegas is the nation’s home for Organized Crime posing as Homeowners Associations, with more than two dozen felony guilty pleas and nearly a dozen federal criminal trials pending. Las Vegas may have more Homeowners Associations than any other metropolitan city. Las Vegas has so many HOA horror stories that writing a blog like this is almost effortless. Home buyers everywhere are beginning to tell their Realtors, “Don’t show me anything in an HOA!”
Now, here comes a major real estate company saying it’s going into the HOA management business! Hard to believe, but Shelter Realty, Inc. says it’s ‘pleased’ to announce that it’s creating a sister company which will provide management services for Homeowners Associations.
Realtors make their living by being respectable. Realtors live or die on their reputations and client referrals. Of course there are plenty of people living in Nevada Homeowners Associations. But HOA management is a stenchy business with neck-deep corruption. For a realty company to suddenly say it’s going to clean up HOA mismanagement and corruption is beyond laughable.
I’ll have to say it again.
What were they thinking?