NEXT CLUB MEETING: MAY 12th AT THE ORLEANS 6:59pm YES WE ALWAYS START ON TIME! 2ND FLOOR CONVENTION LEVEL.
Read LVIC 2016 Economic Newsletter
Victory - in Supreme Court of Nevada!
Club Members and All Fellow Nevadans,
As you may or may not be aware the Las Vegas Investment Club was originally formed in large part because of its fight against the abuse of the HOA Collection Industry. We felt the abuses of HOA Collection Companies was nothing short of racketeering. Harsh words yes however, that was our belief. At one meeting we even invited a representative from a collection company to interact with membership during a hotly contested evening.
We lobbied against what we felt were the heavy handed practices of HOA collection companies and we stacked CICC Meetings - which was the governing body for these companies. We had many concerns with the impartialness of the governing body and at one meeting explained to the commissioners our concerns with respect to conflict of interest that existed with their ability in making decisions. We were not well received!!
On Thursday the Nevada Supreme Court ruled over homeowner association dues in super-priority lien cases, finding that Nevada law does not allow the collection of costs and fees in addition to nine months of back-owed assessments. (ruling attached below) The ruling is a major victory for investors, banks and others who acquired the foreclosed properties. It is a huge loss for homeowner’s associations, COLLECTION AGENCIES, and others who sought addition compensation in the super-priority lien process.
This ruling now gives clarity to more than 100 cases that are before the courts. It is also a step towards what we believe will be new openings to help Nevada Homeowners in their struggles with collection and HOA fees.
We want to make special note of Attorney James Adams who has led this class action suit and countless other similar cases and in large part, through his efforts we have reached this successful milestone today and a day for all citizens of Nevada to celebrate. The fight that James brought was against the very deep pockets of a multitude of lawyers representing the other side.
We have asked James to speak at an upcoming event as this has a huge positive impact for everyone associated in the Real Estate Industry - except, of course, those who the Supreme Court ruled against today. Stay posted as James has agreed and date to be determined!!
Stay tuned and CONGRATULATIONS TO EVERYONE IN NEVADA! THANK YOU JAMES!!!
We welcome your comments!!
The Board of the Las Vegas Investment Club.
please share the great news!
Jonathan V. Galaviz
Mr. Galaviz is a leading management consultant to Fortune 500 companies and global industry trade associations. He has co-managed top-tier consulting team engagements with Bain, McKinsey and Boston Consulting Group for clients on technology strategy, analysis of global markets, predictive analytics, and government policy. His clients have included investment banks, hospitality firms, real estate developers, and internet technology firms.
Mr. Galaviz launched his career in 1996 while working at the U.S. Senate in the office of U.S. Senator Pete Domenici (R-New Mexico) in Washington DC while finishing up college. From 1998 to 2002 Mr. Galaviz was a Consulting Manager at Whitman-Hart, a 4,000-person technology consulting firm headquartered in Chicago, IL – Jonathan was based in the San Francisco downtown office. He was then recruited to Mandalay Resort Group (now a part of MGM Resorts International) as a Senior Project Analyst in the corporate technology group. Since late 2002 Mr. Galaviz been under the Global Market Advisors (GMA) platform and it’s prior incarnations – he currently serves as Senior Vice President.
In academia, Mr. Galaviz has taught strategy, accounting, and economics at the university level. He also served as Head of Campus (Dean) for the University of Nevada’s (UNLV) campus in Singapore to conduct a special situation turnaround in 2011. He successfully completed the turnaround in less than a year and his performance was praised in academic and media circles.
For the last 10+ years, Mr. Galaviz has frequently appeared on CNBC, BBC, ChannelNewsAsia, and Bloomberg TV providing analysis of global strategic and economic issues. He is widely acknowledged as world-leading analyst on the casino gaming, hospitality, and airline industries.
Mr. Galaviz holds an MBA from Oxford and is a graduate of the New Mexico Military Institute. In 1997, Mr. Galaviz studied finance at the National University of Singapore as a foreign exchange student. He is a member of the National Association for Business Economics (NABE).
Senior Economist and Economic Advisor Federal Reserve Bank of Chicago
William A. Strauss is a Senior Economist and Economic Advisor in the Economic Research Department at the Federal Reserve Bank of Chicago, which he joined in 1982. His chief responsibilities include analyzing the current performance of both the Midwest economy and the manufacturing sector for use in monetary policy. He organizes the Bank’s Economic Outlook Symposium and Automotive Outlook Symposium. In addition, he conducts industrial and manufacturing roundtables throughout the year.
Mr. Strauss earned a B.A. in economics and geography from the State University of New York at Buffalo, and an M.A. in economics from Northwestern University. Mr. Strauss is a Certified Business Economist™ (CBE), the certification in business economics and data analytics developed by the National Association for Business Economics. It documents a professional’s accomplishment, experience, abilities, and demonstrates mastery of the body of knowledge critical for a successful career in the field of economics and data analytics.
He has taught as an adjunct faculty member at Loyola University Chicago and Webster University in Chicago. He currently teaches at DePaul University Kellstadt Graduate School of Business, and at the University of Chicago Graham School of Continuing Liberal and Professional Studies. At the latter institution, he was named winner of the 2010 Excellence in Teaching Award in the Business and Professional Programs. He was recognized by the University at Buffalo as a Distinguished Alumni in 2012.
His research papers include analysis of the manufacturing sector, the automotive sector, the Midwest regional economy, the trade-weighted dollar, business cycles, and Federal Reserve payments operations.
Mr. Strauss has been interviewed on numerous television and radio shows and quoted in the major business magazines and newspapers. He has also provided testimony concerning manufacturing issues to the U.S. Senate. He is a past president of the Chicago Association of Business Economists; a past board member for the National Association for Business Economics; a member of the National Business
Economics Issues Council; a member of the Dean’s Advisory Council for the University at Buffalo; a member of the Advisory Board for the Center of Excellence on Human Capital,
Technology Transfer, & Economic Growth and Development, a member of the Advisory Council for the University of Illinois at Chicago’s Center for Economic Education; a member of the Economic Advisory Committee for the Council on Competitiveness; a board member of Global
Interdependence Center; and a member of the Council of Great Lakes Governors Maritime Advisory Committee.
CBE™ and Certified Business Economist™ are certification marks owned by the National Association for Business Economics.
Las Vegas Investment Club
Highlights From Recent Las Vegas Investment Club Meeting. Information You Will Never Hear In The Media.