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Top 5 Attractions, Las Vegas (Nevada) – Travel Guide
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These are the guest elevators at New York New York in Las Vegas, Nevada. This bank of elevators, is the second busiest in this resort. Those towers used to be color coded so guests might find it easy to recognize, but not after 2007 after major renovation in hotel hallways. The security level is low. The brand is Dover, and all of the elevators Machine Room Less Traction. New Yorker Tower: Violet (34 stories), Century Tower: Red (38 stories), Empire Tower: Yellow (45 stories), Chrysler Tower: Teal (36 stories) Elevator Specifications: Manufacture: Dover Type:Gearless Traction Capacity: 3500 LBS Floors Served: 1-3, 30-45 (Floors 39-45 are all restricted, requires a room key to access those floors) Year installed: 1997 Speed of elevators: 1000 FPM (5 m/s) Level of Security: Low Key Features: Directional chime: Yes Directional indicator: Yes Voice announcement: No Floor chime: Yes Floor indicator: Yes Stop/Run switch: No Emergency phone: Yes
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December 31, 2011…early in the morning…A quick, one day turn-around Road Trip to Las Vegas, Nevada, during my visit to California. My sister & I are arriving into Las Vegas during the day, ready to do some gambling at New York-New York Hotel Resort and Casino…and then, off to the Bellagio…hoping to win the always coveted MEGA JACKPOT!

Michael Jackson Impersonator Jalles Franca performing at New York New York casino in Las Vegas Nevada on 12/3/2011.

tripwow.tripadvisor.com – Created at TripWow by TravelPod Hotels (a TripAdvisor™ company) Traveler Photos Of New York New York Hotel & Casino, Las Vegas ? Check Rates at: www.travelpod.com Reviews for New York New York Hotel & Casino: More at: www.travelpod.com Photos in this video: – “New York, New York…but not the REAL New York…” by Anneogcato from a blog titled “From City of Angels to City of Sin” – “Roller coaster outside the New York New York” by Fiveaces from a blog titled “Viva Las Vegas!!” – “The statue of liberty just down the street” by Fiveaces from a blog titled “Viva Las Vegas!!” – “Casino Floor, New York, New York hotel” by Glawler from a blog titled “Coming down” – “The New York New York at night” by Fiveaces from a blog titled “Copperfield and the stones!” – “Vegas – “New York New York” casino” by Gregjul from a blog titled “Las Vegas Baby!” – “Zz A preview of the next travelpod” by Henders from a blog titled “The Streets of San Francisco” – “Rollercoaster at New York New York” by Vickersontour from a blog titled “Las Vegas” – “The New York New York hotel” by Fiveaces from a blog titled “Viva Las Vegas!!” – “Our hotel – New York New York” by Lolandlaurie from a blog titled “Viva Las Vegas” – “New York New York Hotel & Casino” by Vansay29 from a blog titled “Vegas round two” – “Newyork hotel, casino and hotel” by Andrewbsheets from a blog titled “las vegas,nevada” – “New York New York and MGM Grand” by Lizand_rich from a blog titled “Very Bright Lights …

Business Tax Deduction Tips

Tax tips and tax help to assist taxpayers by describing options for tax reduction and tax cuts through lawful tax deductions. Tax deductions contribute to national prosperity by providing capital to business. Tax deductions reduce taxable income. A 0,000 tax deduction reduces federal income tax by ,000 (0,000 X 35%) assuming a 35% income rate. Options for increasing business tax deductions include revising depreciation schedules, reviewing fixed asset listings, casualty losses, bad debts, and charitable contributions. Real estate depreciation offers substantial opportunity for increasing tax deductions. Most depreciation schedules are established by simply separating land and long-life improvements. This simple approach is lawful but sharply understates lawful depreciation. About 20-40% of improvements for most properties are short-life items. Short life items can be depreciated over 5, 7, or 15 years. There are about 130 short-life items that have been determined by legislation, tax court decisions and IRS rulings. Real estate depreciation can typically be increased by 50-100% for the first 5-7 years of ownership by obtaining a cost segregation study. A cost segregation study precisely values up to 130 components of real estate that can be valued as short-life property. By obtaining a cost segregation study, it is possible to obtain a windfall of tax deductions by “catching-up” previously under-reported depreciation. This one-time “catch-up” can occur in the first tax return filed after the cost segregation study is performed without filing any amended tax returns. Reviewing fixed asset listings (of business personal property) can generate a meaningful amount of tax deductions. They often include items that should have been expensed, which have been sold or thrown away or which have an excessive depreciation life. Items that should have been expensed include operating expenses (sometimes included by error) and maintenance or repairs (which was necessary but did not increase the life of the assets or component.) Section 179 allows business to use up to 8,000 of 2006 capital expenditures as tax deductions. Confirm you are not capitalizing assets that could be claimed as a tax deduction. Casualty losses also offer opportunity for tax deductions. For a casualty loss, you can deduct: 1) the market value immediately before the casualty less 2) the market value immediately after the casualty less the amount covered by insurance. The portion that is not intuitive is: the market value after the casualty is much less than the value before? plus the cost to renovate. Other factors which can and should be considered for tax deductions are: lost rent/usage, stigma (in some cases), construction management, construction risks, and entrepreneurial effort. Bad debts are a subjective matter. Judgment is required to accurately estimate the amount that should be claimed as a tax deduction. If bad debts have not been examined carefully for several years, they may offer a meaningful tax deduction opportunity. (This applies to companies who utilize accrual accounting. Companies who use cash accounting can’t claim a tax deduction for bad debt since they never recognized the revenue.) Do well by doing good. You reduce taxes in several ways when making charitable contributions. For example, you purchased land 10 years ago for 0,000, and it is now worth ,000,000. However, you now realize you will never use the land for the intended purpose. You can donate the land to a qualified charitable organization and take a tax deduction for ,000,000. However, you do not have to pay capital gains taxes on the appreciation. Tax deductions sometimes seem arcane and complicated. However, a knowledgeable team of advisors from several fields can reduce your federal income taxes. The complexity of the tax code makes it difficult for any one personal to be knowledgeable in all areas. Cost segregation produces tax deductions and reduces federal income taxes across the country and in every size market. Below are just a few examples of cities where cost segregation generates meaningful tax deductions. City:

New York, NY
Houston, TX
Hartford, CT
Las Vegas, NV
Memphis, TN
Philadelphia, PA
Orlando, FL
Phoenix, AZ
Atlanta, GA
Bridgeport, CT
Worcester, MA
Akron, OH
Harrisburg, PA
Salt Lake City, UT
St. Louis, MO
Portland, OR
Scranton, PA
Greenville, SC
Bakersfield, CA
Madison, WI
Chicago, IL
Fresno, CA
Riverside, CA
Albany, NY
Indianapolis, IN
Birmingham, AL
Ft. Lauderdale, FL
Baton Rouge, LA
Augusta, GA
Honolulu, HI Cost segregation produces tax deductions for virtually all property types, including the following: Property Type:

Medical facility
Shopping mall
Restaurant
Country club
Fast food restaurant
Power center
Hotel
Car wash facility
Convenience store
Health spa Almost every industry, including the following, can generate cost-efficient tax deductions by using cost segregation. Industry:

Golf courses and country clubs
Transportation equipment manufacturing
Electrical component manufacturing
Real estate lesser
Apparel manufacturing
Wood product manufacturing
Plastic and rubber products manufacturing
Furniture stores
Beverage and tobacco product manufacturing
Building supply dealers

1 Section of The Strip in Las Vegas. See New York, New York, MGM Grand, Tropicana, and the Excalibur Casino.

How to Profit in a “Hidden” 0 Billion Real Estate Market

A close friend of mine and entrepreneurial genius passed away last year. We were very close.

Phil S. was also world class entrepreneur and a personal advisor.

Phil launched dozens of very profitable businesses.

But his claim to semi-fame came in the early 70′s when he almost singlehandedly developed a unique twist to the self-storage business model.

I’ll explain everything in a second.

But know this……

The business model he developed generates more money per square foot home rentals, apartment buildings, office space, strip malls, medical office space and even Las Vegas hotel rooms!

You can duplicate his formula.

Here’s the deal…..

Self storage or “mini-storage” as it was known at the time started gaining momentum in the late 70′s. Experts claimed it peaked in early 2000.

But my friend’s twist on this concept is still producing money like a printing press today.

The essence of his approach is the “go to” real estate investment of super rich players like Wayne Hughes.

My friend’s concept was to place self-storage holdings within a real estate investment trust REIT.

His strategy worked … and today self-storage REIT is a multibillion dollar concept.

I’m going to give you a brief background into this business, and show you how to get profit on small scale (single location) or on a large scale (multiple self-storage locations and REIT).

The Self-Storage Phenomena

The mini or self-storage business started in Texas in the late 60′s.

But believe it or not – self-storage units was recorded in the UK more than 800 years ago!

Today, you’ll find thousands of self-storage buildings dotted along interstate highways throughout the U.S.

What’s more, there are self-storage properties in almost every town and village in North America.

Have you seen the commercials for Pods?

Pods are portable self-storage units which are dropped off at the customer’s home or business.

A truck returns after it’s been filled and delivers it to a huge Pod warehouse.

Anyway, the average size of a self-storage facility today is 100 units.

In larger cities, facilities with 500+ units are pretty common.

Each self-storage rental unit varies in its dimensions.

But the most typical sizes are 5′ x 10′, 8′ x 10′, and 10′ x 10′.

You can rent a self-storage unit for as little as 30 days or as long as 5 years (or longer).

The average rent for a 10′ x 10′ storage unit in the U.S. is about per month, according to Inside Self Storage magazine.

The rent in larger cities can be as high as 0 per month.

Late fees are a nice source of revenue for this business too.

Late rent fees are usually from to per month.

Forfeiture and the auctioning of storage unit contents is another source of revenue too.

If you search quick “self storage auction” on Google you’ll see get an idea of the size of the industry.

In the 1970′s and 80′s, self-storage owners usually purchased back-lot properties which were hidden from view by other buildings and structures.

Today, large self-storage operators are buying prime frontage and Class A retail lots, and paying a premium for them.

Gary Monroe, for example, president of GMI, a California-based general contractor which has developed dozens of self-storage projects in prime areas between San Diego and Northern Los Angeles County.

What’s more, entrepreneurs are converting existing structures (or abandoned buildings) into self-storage locations. This option is welcomed by most city governments where abandoned and foreclosed property has become an eyesore.

Former big-box stores used to be the main draw for self-storage entrepreneurs, now out-of-business retail sites (such as car dealerships, shopping centers and warehouses) have become targets.

Major self-storage markets like Atlanta, Las Vegas, Phoenix, Orlando, Miami, New York, and Chicago have seen a substantial “shift” in market characteristics, according to the 2009 Self-Storage Almanac:

There’s been a notable change in the number of self-storage brokerages which manage the buying and selling of self-storage properties, businesses, and franchises.
There has been a reduction in rental rates. Mom-and-pop operators (less than 5 self-storage locations) have reported an increase in rent rates nationwide. Larger operations (with 10-40 locations) have reported a reduction in rent rates on the benchmark 10′ x 10′ units
There has been a growing rural and “exurb” demographic. The new exurb areas are typically within 3-4 hours (or more) from major metro areas.
Layoffs and corporate downsizing effects self-storage operations. Corporate business accounts for up to 30% of the revenue for self storage operators. However, smaller operators have reported an increase in traffic, rental rates and ancillary business.

There are many products and services which cater to the self-storage industry.

You’ll find self-storage consultancies, brokerages, REITs, and financing companies which specialize in this market.

On top of that, self-storage development seminars are selling out nationwide!

Three Ways to Profit from a Self-Storage Business

1. Building a self-storage facility from the ground up. This approach has some flaws – not the least of which is expertise, capital, location selection, as well as signage and marketing. But this is the preferred method of the largest operators because of the potential for significant cash flow and capital appreciation.

2. Acquire an established self-storage business. There are hundreds of self-storage facilities for sale at any given point in time. When the economy is down you can find owners eager to negotiate pricing and extend terms. In most cases, small mom-and-pop operators are the most flexible. But large operations are available too.

How To Determine If an Existing Self Storage Business Could Be Successful

By asking two simple questions you can determine if a self-storage business is worth what they are asking and it has the potential to make money:

How many units does the self-storage facility have?
What is the current (actual) occupancy rate?

The owners can’t fudge the numbers regarding how many units there are … but they might try to “cook the books” regarding occupancy.

If you do your homework, you’ll know if a particular self-storage business could ever be profitable.

First, if a self-storage business has at least 100 units … and the occupancy is 40%-50% … AND there are more than 3-4 competitors in the Yellow Pages … this would be considered a “prime target” for self-storage insiders.

This is according to my friend Phil S. and his associate of 30 years Paul K.

Direct marketing is the key to boosting the occupancy to 95% (or more).

For example, if you market the business by offering to help people move from their home, business, or a competing self-storage facility and throw in two free months of rent in addition to offering a reduced monthly fee – you could fill up your self storage location in very short order.

You could also acquire a self-storage facility in a prime location – one where the traffic (and cash flow) is very strong.

But prime self storage locations are always pricey….so be prepared to spend.

Here are select self-storage businesses for sale in prime locations around the country:

Loudon, NH – 27,200 sq ft, .2 million

San Clemente, CA – 22,760 sq ft, .1 million

Augusta, GA – 29,900 sq ft, 5k

Bow, NH – 16,900 sq ft, 0k

Las Vegas, NV – 74,800 sq ft, .2 million

Coos Bay, OR – 13,500 sq ft, 0k

Lubbock, TX – 54,445 sq ft, .1 million

S. Chicago Heights, IL – 49,600 sq ft, .2 million

Hickory, NC – 21,240 sq ft, 0k

Paris, TN – 7,800 sq ft, 5k

Prescott Valley, AZ – 40,300 sq ft, .1 million

Gainsville, GA – 14+ acres, million

Ankeny, IA – 10 acres, .1 million

Kissimmee, FL – 35,200 sq ft, .4 million

 

3. Convert an abandoned building or structure.

There are rundown buildings in almost every city, town and village across the country which could be converted into a profitable self-storage operation.

In some cases, you can acquire old buildings for 10 cents on the dollar!

City officials often welcome this type of businesses because it’s “clean”, trouble free and they’re losing business due to the economy or depression or real estate fallout. There has also been a slow moving exodus to the suburbs and “exurbs”.

Here’s an example of what an entrepreneur (K.S) in Atlanta did recently:

He purchased an older, 3-story building in a rundown section of Atlanta for 0k (owner-financed), and converted it to a mini-warehouse consisting of 110 units.

The mini-warehouse is currently 86% full.

The monthly rent for a 10′ x 10′ unit is 0.

The math is simple: 93 units x 0 = ,300 per month in revenue.

The mortgage payment is about 0. The site required a surveillance system, as well as a full-time (night and day) -manager.

But this is an example converting an older building into a profitable self-storage business.

Here’s another example……….

An entrepreneur in North Chicago (L.M.) found an abandoned warehouse which was scheduled to be demolished.

L.M. was able to lease the building for ,000 month.

She converted the space into a self-storage facility with 75 10′ x 10′ rental units.

Each unit rents for 0 per month. The facility is 95% full!

On top of that, L.M. converted the small upper section of the warehouse into a hip urban apartment. She lives there, rent-free, while her self-storage business generates more than , 000 per month.

By the way, you don’t have to limit yourself to older buildings in the center of town.

There’s a growing trend to convert empty barns and steel buildings in rural areas to self-storage facilities. You see this lot in Maine, New Hampshire, Vermont and Upstate New York….as in other parts of the country.

Compare this revenue with what you could expect from a typical house rental.

Let’s compare revenue with the gal in North Chicago. She has 75 10′ x 10′ units, for a total of 7,500 square feet.

Her potential revenue (with 75 units rented at 0 per month) is ,000 per month.

,000 divided by 7,500 gives her per square foot.

Meanwhile, a typical 3-bedroom home with 2,500 square feet rents for about ,500 per month.

,500 divided by 2,500 equals only 60 cents per square foot!

Can you see why self storage warehouses are so attractive?

Before you get into this business, here’s some of the “homework” my friend recommended you do:

1. Locate and identify every self-storage warehouse in your area or state.

2. Physically look at the locations – and take notes.

3. Talk to the managers of the facilities as if you were a customer looking to rent a unit.

4. Spend one hour per day getting up to speed on the industry. Most people won’t do this, but my friend did and that’s how he became an expert….and multi-millionaire.

5. Subscribe to the industry’s main trade publications (listed below).

Do the math!

Self- and mini-storage is a great business opportunity!

The profit margins can be as high as 70%.

One attractive aspect is unlike other kinds of real estate investments there are no people in the units!

Therefore, there is no plumbing, heating, air-conditioning (with some exceptions), complaints, or other things which constantly need to be fixed.

There are other ways to profit from this industry too, including publicly traded self storage real estate investment trusts.

There are also investment partnerships which specialize in self storage facilities.

***Take Away Strategy***

One of the best ways to learn about the self-storage market is to attend the largest trade show event of the year – Inside Self-Storage Expo. This year, the expo is in Las Vegas. Check it out.

It’s a good idea to subscribe self storage trade publications featured below.

Search the Web!  You can bring yourself up to speed quickly on this fascinating business opportunity by searching the web and devouring trade websites.

Talk to current self storage owners! The best way to do this is at trade conferences. But nothing is stopping you from talking to owners in your area.

Determine which approach works best for your situation: starting from scratch, buying an established location, converting an existing structure or barn, forming a self storage REIT, or by investing in a publicly traded self-storage REIT (Public Storage is one of the largest: symbol PSA.)

***Additional Resources***

Self Storage Association

Mini Storage Messenger

Inside Self Storage

MiniCo Inc.

Metal Construction News

Inside Self Storage Buyers Guide

Extra Space Storage (franchises)

Mobile Storage Units

SmartBox (mobile self storage)

 

Strolling the Strip MGM Grand to New York New York and on to Excalibur… Part of a series, kinda.
Video Rating: 5 / 5

Awesome Vacation Destinations in the United States

Article by James John

When people plan a vacation, they usually have visions of being able to get away, relax and enjoy some time with their family. There are many different options from which to choose for a get-away. However, there are some great places that are available to travel to in the United States.



The following information contains some of the most awesome destinations in the U.S.:



1. San Francisco, CA


Located in the West coast state of California, San Francisco has many attractions, especially for those who are interested in the arts. The city is unique in that it has hillside streets that are traveled by historic cable cars. The Victorian architecture is also of interest to many people. Points of interest within the city are the Golden Gate Bridge, Fisherman’s Wharf, Chinatown, Alcatraz, Japanese Tea Gardens and the Red and White Ferry. There is also modern architecture that is notable such as the San Francisco Civic Center, The Ferry Building and Coit Tower. Festivals and parades are held throughout the year such as the Folsom Street Fair, Lovefest, and the Chinese New Year Parade.



2. Orlando, FL


If you are into theme parks and alligators, then you and your family will likely enjoy a vacation to Orlando, located in Florida. One of the most well known attractions happens to be Walt Disney World and the theme parks that are adjacent to it. Sea World Orlando is also a popular destination for those who like marine animals, as is Discovery Cove. Universal Studios is a popular movie theme park that has many different rides and attractions. Gatorland is a wildlife park where people can view alligators. The Orlando Museum and the Orlando Science Center are also open to the public. In addition to all of the above, visitors to the area can also enjoy the sand and sun on the beaches that Florida has to offer.



3. Las Vegas, NV


With a name like “Sin City” and a motto that proclaims, “What happens in Vegas stays in Vegas”, many of the more adventurous people visit this desert destination. Yet, there is another side to Vegas aside from the gambling and nightlife. Within the hotels that house the famous casinos, there is plenty of live entertainment to see. Shopping in the city is also rated high, as well as dining. For a more family oriented vacation, visits to Adventuredome, Desperado, M and M’s World, Springs Preserve, the Stratosphere Tower and the Nevada State Museum are all good choices.



4. New York City


A famous city, New York, NY is a vacation destination packed with things to do. This compact metropolis contains five areas: Staten Island, the Bronx, Manhattan, Brooklyn and Queens. Famous tourist attractions include Ellis Island, Central Park, Rockefeller Center, the Bronx Zoo, Broadway, Washington Square Park, Times Square, the Statue of Liberty, the Empire State Building and New York Botanical Gardens. New York is also known worldwide for its shopping.



5. Grand Canyon, AZ



For those who have an appreciation for nature, Grand Canyon National Park is a superb vacation destination. It is located in Arizona, along the Colorado River. The canyon is actually an incredibly steep 6000 foot deep gorge that is 446 km long. There are two areas in this park, the North Rim and South Rim. The South Rim is more popular among tourists and includes the following lookout points: Grand Canyon Village, Hermit’s Rest and the Watchtower. Lookout points on the North Rim are Point Imperial, Bright Angel Point and Cape Royal. Not only is there sightseeing, vacationers will also be able to raft, hike, ride mules, camp and take helicopter rides.

About the Author

Travel with your laptop to keep in touch with everyone by eMail and use a Garmin GPS 18 USB for any on the spot directions you need to make when you travel. http://www.GpsAutoNavigationSystem.net/