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Commercial title insurance industry in Nevada evolving

Real estate investors and buyers of commercial property in Nevada often purchase commercial title insurance. Commercial title insurance provides policy holders with protection should an issue arise with regards to the title of the property. Given the current upswing in the commercial real estate market in Nevada, it is important to have a solid understanding of how the commercial title insurance industry is evolving.

Since the recession at the beginning of the century, the commercial title insurance industry has developed an increased awareness of different kinds of fraudulent activities. Systems within the industry have been developed that vet commercial real estate transactions that may be fraudulent. In addition, it is important to ensure that all parties to the commercial real estate transaction have consented to it.

Investing in homes to produce rental income in Las Vegas

Housing market dynamics have undergone significant change in the past 10 to 15 years. The housing market crash created a significant glut of foreclosures and bank owned properties. The home ownership rate among individuals and families remains at a low not seen in roughly a half-century. With millennials and others opting to rent single properties, real estate investment has become more of a norm in residential communities as compared to past generations.

While reality television provides several programs that focus on flipping homes, many individuals and small companies have been buying foreclosures, distressed properties and homes or condos in the normal housing market to hold as rental units. Some purchases require renovation to make the property marketable as a rental. With the disarray following the housing crash, many real estate transactions need legal attention to quiet title. These steps are often seen as a routine part of the real estate investment process.

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