Apartment Insight is published six times a year by the NVSAA as a service to its members. NVSAA strives to give its readers a diversity of views and activity updates regarding the Apartment Industry through this publication. We encourage members to use this bi-monthly magazine, not only as an educational tool to better acquire knowledge about our industry, but also as an advertising avenue and a way to further business relationships.
Our Vendor Members can enjoy the benefits of our publication with the Products & Services Guide, located in the back of each publication. This is a quick and easy way to get noticed by NVSAA's property members and advertise for their company.
To receive a copy of our publication by mail you must be an NVSAA Member in good standing. If you are interested in a hard copy of our publication and are NOT a member you can subscribe to our publication for $19 annually (6 issues). Please contact NVSAA at 702.436.7662 to request a subscription.
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If you are interested in submitting an article for the NVSAA Apartment Insight journal, please contact Michael Fazio at firstname.lastname@example.org. In order to protect the editorial integrity of the publication, we ask that all editorial submitted be educational in nature. Because our journal is paid for via advertising revenue, editorial submissions are especially encouraged from our much appreciated advertisers and members.
Exciting Times for NVSAA!
Introducing Our New Billing Structure
This is a very exciting time for us! We are offering more opportunities for our members than ever in key areas: Education, Legislative, Networking.
We are also creating ways to do business better. This allows us to build upon our foundation, and facilitate future growth.
The Nevada State Apartment Association is pleased to announce a streamlined billing structure for our membership. We are moving to a calendar year membership cycle where all members will pay their dues in January and enjoy membership benefits through December of that year.
The goal is to shift our entire membership to this more efficient billing cycle by January 1, 2017.
As such, it’s important to begin the process now. Handling membership in this manner is in line with many other Associations across the country and is design designed to minimize confusion on expiration dates and make the budgeting process easier.
Our goal is to make the transition as easy as possible:
If your membership renewal falls due between September 1, 2015 and December 31, 2015. You will receive an invoice that includes the remaining months of 2015 and all of 2016. Conveniently, your membership will be paid through the end of 2016. The remaining association members expiring in 2016 will receive prorated invoices to finish out next year’s membership. This process puts us on track to begin annual billing for the association, as a whole, in 2017.
Thank you for your cooperation as we make these changes! YOU are what makes the NVSAA the premier multi-family housing association in the region. Let’s keep going and growing!
If you have questions, you can reach me at 702.862.0165
My best to you,
Shelly A. Cochran
Record-setting tourism and the strongest convention attendance in several years are driving employment growth and creating apartment demand Las Vegas. Job growth is well above the national average, spurring developers to complete projects that were mothballed since the recession. In addition, multifamily permitting is trending more than 60 percent higher as builders rush to keep up with demand for rental space. While more than 1,400 apartments have been completed during the past year, vacancy fell sharply and concession activity nearly halted on well-located properties near employment hubs. The leisure and hospitality sector is providing the biggest job gains in the economy, although more corporations are relocating to the metro due to its position as a travel destination and the lack of a state income tax. The new workers hired by these companies are choosing to rent in prime areas to the southwest of the city, close to shopping centers, freeways and the Strip. Single-family housing costs in these areas are above the metro average, spurring strong rental growth and pushing vacancy down. Tightening operations will lift rents up 3.4 percent this year, more than 100 basis points above inflation.
You can be THE FIRST to know what's happening in the Las Vegas housing market each and every month. FastFacts is the e-newsletter that tells you exactly what's going on in both the new and existing home market in terms of volume, prices, and trends.