Battle at Las Vegas condo complex: How man plans to buy all units

LAS VEGAS (KLAS) – Tensions are high at a Las Vegas condominium complex as one man tries to buy all the units and convert them to rental apartments.

Several remaining property owners have refused to sell their units to the majority owner.

“I’m stressed out,” Robert Rice told the 8 News Now Investigators. “I don’t know what to do. That’s why I’m glad you’re here to maybe give us some light.”

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Rice said he used his life savings to purchase the studio on the Las Vegas west side in 2019, but shortly after, he felt pressured to sell the unit.

Rice is not alone.

“We are being bullied,” Kammie Thomaseec said.

Thomaseec and her husband, Larry, own one unit as an investment, they said.

“It’s been pure hell since the day I met this guy,” Dan Tschetter property owner said as he referred to the majority owner.

The majority owner, Daniel Wright, agreed to an interview with the 8 News Now Investigators.

“I have nothing to hide down here,” Wright said. “Some people don’t like the big landlord or whatever like that. I have a business plan. I’m trying to prove myself.”

Wright said he and his companies began purchasing units at Bonanza Park more than a decade ago, and now own more than 100 of the 132 units.

“The plan is to take over the whole complex. Everybody has known that plan here,” Wright said. “They’ve known about me for years. They’ve known about the plan for years. This is not a secret.”

With each unit Wright owns, he gets a vote.

After there was an issue with insurance coverage, due to a fire at one of the buildings in 2021, homeowners paid hefty assessments. Rice said he paid $9,000. Wright said the homeowners association was responsible for paying for repairs to community property.

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One of Wright’s most recent goals was to dissolve the HOA entirely.

“Everything was voted on through the HOA. Everything was voted on through the ownership. That’s where we’re at at this point,” Wright said. “Each unit gets a vote. If owners wanted to buy more units, they could buy more units.”
 
Sonya Meriweather, the ombudsman for common interest communities in the state of Nevada, said the state does not dictate how many votes an owner gets.
 
“Just by ownership of a house, you have the governing documents that give you some protection but it also gives you some obligations also,” Meriweather told the 8 News Now Investigators.
 
A common interest community can be terminated with 80% of the votes, according to Nevada state law, which Wright insisted he is following.
 
“I can see where they might feel pushed around because the overwhelming vote, their vote doesn’t count for much in this complex but that’s what an HOA is there for, to protect,” Wright said. “There’s certain rules and regulations and sometimes they’re in favor of the little guy, sometimes they’re in favor of the big guy and if they don’t like the rules, it’s a free country, they can move somewhere else, they could buy more units, they could band together, they could do a lot of things.”
 
Some of the remaining property owners claimed Wright was not offering them enough for their units, while Wright insisted he is offering fair market value.

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