“It’s my condo... why can’t I use it whenever I want?”

Dear Trump International Hotel & Tower buyer,

Congratulations on your new luxury suite! You’re in one of the hottest addresses in Las Vegas—where you own it all, right in the middle of it all.

Your new condo-hotel suite is more than a smart investment—it’s a great place to stay when you’re in town vacationing or on business.

Unfortunately, most property management companies place severe restrictions on when you can use your own suite. In fact, many companies don’t let you use your property at all. And the management fees can be so high that you’re almost better off not buying.

The first of its kind high-end property management company

Now there’s a better way. Nights at Vegas is the first of its kind high-end property management company. We let condo-hotel suite owners use their own properties whenever they want, for as long as they want. And we do it for much less than what conventional management firms charge—just 20 percent of after-expenses rental income.

Outstanding flexibility for you

Nights at Vegas believes that you, the property owner, should get first priority to stay in your own suite, and that’s our policy. All you have to do is reserve 30 days in advance. And if your suite is already booked, we’ll even try to move the guest to a different suite.

Access to millions of paying customers

When you’re not in town, we’ll make sure that your investment is earning money. Nights at Vegas has access to millions of paying customers seeking high-end Las Vegas accommodations. We’re part of the GDS worldwide network of 600,000 travel agents, plus Internet outlets including Expedia, Travelocity, Orbitz, and more than 1500 online travel portals. Every major hotel in Las Vegas sells through these services.

Call us today at 1-877-834-2742 to learn more about our outstanding management program, or email us at info@nightsatvegas.com. We look forward to hearing from you.

I understand your frustration. Sounds like Nights at Vegas program may be an idea whose time has come.

My concern is that Trump inflated the prices and when Unit Owner finally start getting appraisals, the units will appraise much lower than there purchase price and they will have to put much more down payment in order to secure financing.  Also, Trump did not supply the proposed split until after receiving everybodies down payment and now people wanting out can not back out because their 20% deposit will be kept.

We have all been taken for a ride by Trump and I have a bad feeling these units will be resold right away for alot less than most buyers paid.  Trump should fix this screwed up situation.

I a client sent me this link tonight: http://www.tmz.com/  Check out the lead article. 

I expect that the appraisers will factor in units on the strip that are in escrow as current comparative sales.  When Trump is compared to the Vdara units & Mandarin & Harmon  & Veer units that are sold & in hard contract at CityCenter, the Trump prices will look like solid values.  I think the appraisers will have to use these figures which can easily be given from the escrow companies.  Those units sold for upwards of $1000+ psf. The materials at Trump are of extremely high quality and the views and floor to ceiling glass in the units have to add value when you do a fair market appraisal. The Plaza land sold for over $30 million an acre. Appraisals should not be a problem.  What is a problem is that the current lending environment has tightened the guidlines and studio owners may find that the small sq. footage coupled with the mini kitchen has a very small pool of lenders willing to make those loans, while the 1 bedrooms, with full kitchens have a wider variety of lender options.

I understand Chase is making these studio & 1 BR loans directly without brokering them out.  I think they are quite familiar with the local market. If you need contact info for Chase & a few other lenders experienced in the hotel-condo arena please e-mail me at junestark@msn.com.

Welcome to what us Signature owners have been facing.  Because of the poor results of the rental program (80% is gone after your check is issued - some people owe!) our unit values have fallen.  Expect Trump studios to fall below $400k...no kidding...

Dear Sig Owner - Do you have a 1 bedroom unit?  The rental statements I have seen from the studios at Signature have been quite good.  There are alternatives out there for property owners, other companies offering better splits & more attractive terms. Have you explored any of those options?

This is for Trump LV owners.....check it out! 

http://www.trumpownerslv.com/

Dear MJ - Can non owners register?