Kevin Romney is the Las Vegas-based chief investment officer of the Camino Verde Group in Henderson, Nevada. A member of the Las Vegas REIT (Real Estate Investment Trust), Kevin Romney has been active in business in the Southwest for decades. Investing in multifamily real estate is a good way to make significant returns, but investors can make many mistakes. One of the most common mistakes is being enticed by “limited-time opportunities” that require investments outside of the investor’s target market. Before committing to an investment, investors should have an in-depth understanding of the market in which a property is located. Another mistake is failing to understand the cause of property vacancies. Often, investors try to get out of a property that is underperforming. If the new investors cannot figure out why a property is underperforming and establish a clear plan to correct the problem, they will end up in the same situation as the previous investors.
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AuthorBased in Las Vegas, Nevada, Kevin D. Romney is a skilled professional in the fields of business development and franchising. Kevin D. Romney currently holds the position of President of The Romney Group, a consulting services company located in Las Vegas. Archives
December 2020
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