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LETTER FROM THE PUBLISHER

Lee Papa, PublisherDear June Readers,

Summer is not officially upon us but you could have fooled Las Vegas. I, for one, am happy that it is here. It is a grand time to slow down a bit, drink more water and catch up on your reading in an air-conditioned room. And as for reading material, of course I mean the June and archived issues of E RealEstateExec. Start with June’s issue and a cold glass of water (or your drink of choice) and I will give you a sneak peek.

There has been a recent wave of lawsuits against those in the Lending and Real Estate industries stemming from the mortgage crisis and ensuing foreclosures. REALTORS® understand the importance of full disclosure when helping their clients to make a home buying decision, but what happens when those same clients later make accusations against them? There is a responsibility on both sides of the transaction, and in Michelle Savage’s National article, “The Subprime Blame Game,” she takes a look at several cases that are currently pending. It is unfortunate that a few bad apples can spoil the bunch—and in this case, it is shedding a dark cloud over the industry that prides itself on its ethics and professionalism. Yes, there are always two sides to a story, but what about personal responsibility? This subprime issue has put a lot of wonderful people—average people (if I may) like you and me—in the toughest situations of their lives. However, unjustly suing the lender or Real Estate professional and not owning up to the situation seems to be a cheap shot. Let us know how you feel about the situation and the article by commenting below the National article.

Because of its hot, dry climate, the EPA considers Las Vegas to be a unique environment and is including our city in a new study on multi-family high-rise as it relates to energy efficiency. In our June Feature article, “Energy Star—EPA Puts Las Vegas High-Rise Market in a Test Tube,” Doug Shields shows us what this means to builders in our community, as well as to our future as an energy-efficient city.

Real Estate professionals come from a variety of professional backgrounds, some unexpected. Lisa Cobb of Realty Executives of Nevada is one of those people. Parlaying her sales expertise in the Tupperware industry into a career in Real Estate was a surprisingly smooth transition, and it has allowed her the flexibility to spend time with her family. Additionally, her approach to sales in general has served her well in an industry that depends on relationship-building. Read more about Lisa in Cathie C. Hulen’s article, “It’s All About Attitude.”

Finding a need and offering the solution is what good business is all about. Elie Taylor of Liberty Mutual Insurance has made a habit of doing just that, from his past experience connecting loan originators with mobile notaries, to his current service as an insurance agent focused on the Real Estate market. Elie has always had an instinctive connection to our industry, and in Doug Shields’ article, “How to Tap the Power of Good Relationships,” he talks about the road that brought him to where he is today.

In our June Beyond Green column, Doug Shields writes on how investing has changed to reflect the importance of sustainability. In “Capitalism With a Conscience,” he talks about how socially responsible investing has gone from a peripheral notion to a rapidly increasing section of the market, as the green industry is growing by leaps and bounds to accommodate the need for change. Doug discusses the benefits of this kind of investing and offers a few Web sites that provide more information on investing and tracking growth in the green industry.

The Arts District is a unique and growing part of Las Vegas, and as a downtown fixture, it has added personality and depth to our city. First Friday, a monthly event, seeks to promote this part of our community. In her article for the Urban Update column, “Old Meets New—The Arts District and the Growth of Downtown Las Vegas,” Tiffany Pace talks to key players in the Arts District and downtown Real Estate about how these two facets of our community coexist.

Stress is something we all deal with on a daily basis, and many of us are always on the lookout for ways to combat its effects on our bodies and our lives. In the June Lifestyle article, Rita Templeton writes about Reiki, a centuries-old practice that improves overall wellness by harnessing the body’s energy. In “Refresh, Revitalize—Reiki!” Rita discusses the origins of this practice, and she talks to Mary Magdalene King, a Las Vegas Reiki Master, about the healing benefits of Reiki. I had heard of Reiki over the years and always wanted to learn more about it, and finally, this year was the year. I learned of Mary through my naturopath and set up an appointment. All I can say is I have been back almost every week since. Thank you, Mary, you are awesome. Please join us at REALTOR® Rally and meet Mary for a free mini chair massage.

Short sales can be a valuable tool when it comes to helping clients out of a seemingly impossible situation, but without knowing what to look out for, there is the potential to drag the process out longer than necessary, or even to make the situation worse. Just a little bit of knowledge can go a long way toward helping this kind of transaction go as smoothly as possible. In the Legal Notes column, John Benedict discusses some things that every Real Estate professional should know in his article “Common Pitfalls of Short Sales.”

Ambiance is important in any home, but the vertical community offers distinct challenges when it comes to interior design. From light to wall space to furniture placement, there are much different forces at work than with a ground-level home. In her article, “High-Rise, High-Style,” Brenda Calvin talks with interior designer Thomas Burger about how to use all the unique elements of a high-rise unit to get the best possible result.

Feng shui has been around for thousands of years and is as popular as ever when it comes to design. Working with these famed Chinese principles has long been said to promote wellness, prosperity, success and peacefulness. In the Design Connection column, Stephen Leon gives us a refresher course on “The Art of Fung Shui,” and speaks with Tamara Tyrbouslu about how to use this technique to enhance our surroundings and harness the energy around us in a positive way.

Technology News tackles another important aspect of becoming a part of the New Real Estate™ by helping you to embrace technology and plan your Web site. My advice to you is that you download the form to use later when you get ready to make that commitment to your own Web site or for when you decide to evaluate your existing Web site.

As always, all of us at E RealEstateExec hope you found some interesting information to digest this month. Please let us know if there are any particular issues you would like us to explore or people you would like to see profiled. We will take it under advisement. Thank you to all of you for making E RealEstateExec the success that it is. Keep reading!



         

Lee Papa, Publisher

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Previous Articles
October '08 Publisher's Letter
  by: Lee Papa
September '08 Publisher's Letter
  by: Lee Papa
August '08 Publisher's Letter
  by: Lee Papa
July '08 Publisher's Letter
  by: Lee Papa
June '08 Publisher's Letter
  by: Lee Papa
May '08 Publisher's Letter
  by: Lee Papa
April '08 Publisher's Letter
  by: Lee Papa
March '08 Publisher's Letter
  by: Lee Papa
Feb. '08 Publisher's Letter
  by: Lee Papa
Jan. '08 Publisher's Letter
  by: Lee Papa
Dec. '07 Publisher's Letter
  by: Lee Papa
Nov. '07 Publisher's Letter
  by: Lee Papa
Oct. '07 Publisher's Letter
  by: Lee Papa
Sept. '07 Publisher's Letter
  by: Lee Papa
Next Issue
December 1, 2008

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