Some Financial Benefits of Joining REIA

Nevada resident Kevin D. Romney serves as chief investment officer of the Camino Verde Group based in Henderson, Nevada. His responsibilities at the firm include finding, underwriting, and acquiring multifamily real estate assets. Kevin Romney is also a member of the Las Vegas chapter of the Real Estate Investors Association (REIA), a nonprofit organization that advocates for local investor associations, apartment associations, landlord associations, and property owner associations.

Many in the real estate industry enjoy several financial benefits by joining their local chapter of REIA. One benefit afforded to organization members is the ability to pool their money to invest in property that they might not be able to purchase as individuals. This could also lead to better deals that they might not receive on their own.

There are also tax advantages to joining REIA. Members get assistance with managing taxes and learn about rental property tax advantages, including ones associated with length of time someone has invested in a property. In addition, some chapters provide discounts to hardware stores or offer deals through local sponsors.

Exploring Nevada’s Tule Springs Fossil Beds

CIO Kevin Romney oversees multifamily acquisitions for the Camino Verde Group in Henderson, Nevada, near Las Vegas. In his leisure time, Kevin Romney enjoys visiting national parks in and around the Las Vegas area.

Less than an hour’s drive from Las Vegas, Tule Springs Fossil Beds offer visitors the chance to view the remains of prehistoric animals. The 22,600 acres were designated a national monument in 2014.

More than 200,000 years ago, the dry fossil beds were a wetland habitat and home to a diverse range of species. Paleontologists theorize that animals flocked to the area for water but were swallowed by massive mud pits. Their remains were left intact for millennia.

The fossils of Ice Age animals, such as mammoths, ancient horse species, wolves, and many others, can be found in the dry beds. Archaeological studies began in the area in the 1960s. Due to the variety of fossil samples found in the beds, they were selected for preservation and protection by the National Park Service.

Kevin D. Romney of Henderson, NV recommends this read.

Marcus & Millichap, a leading brokerage for multifamily, is closely monitoring the COVID-19 global health crisis and its effects and will continue to publish frequent reports to keep you up to date.

This report provides some key information related to the economic impact of the Covid-19 Pandemic.

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What Are the Major Components of the CARES Act?

A resident of Henderson, Nevada, which is just outside of Las Vegas, Kevin Romney currently oversees real estate properties and identifies new investment opportunities as the chief investment officer of the Camino Verde Group. A former CPA and senior accountant for Ernst and Whinney, Las Vegas professional Kevin Romney also offers expertise in federal legislation designed to boost American businesses and stem economic losses related to the COVID-19 pandemic.

The Coronavirus Aid, Relief and Economic Security (CARES) Act is a piece of federal legislation that passed the United States House of Representatives and was signed into law on May 27, 2020, by President Donald Trump. It provides a third round of governmental support to help boost the economy and address the impact of COVID-19 on public health.

In addition to providing assistance to state and local governments, health care providers, and businesses, the CARES Act expanded unemployment provisions to provide an additional $600 in weekly benefit to recipients. The act also established a forgivable loan program for small businesses known as the Payroll Protection Program, and provided a recovery rebate for individual taxpayers. The rebate provides up to a $1,200 tax credit for individuals, in addition to a flat $500 credit for each dependent child.

For additional information and specific components of the CARES Act, visit home.treasury.gov/policy-issues/cares.