My name is Roye Ergas
I am a Contractor and Developer in Las Vegas, Nevada
Contractor License #085876
Call: (818) 224-8894
I’m Roye Ergas, a local Las Vegas real estate investor and entrepreneur. This is my story of growing my skills and knowledge as an entrepreneur, from the Israeli Army to San Diego and settling finally in fabulous Las Vegas, a vibrant, growing city of great opportunity and reward for people looking to be successful in real estate and beyond. If you’d like to learn more about me, or how you can get involved in real estate investing without going it alone, give me a call.
Main Objective: My “why”
When I moved to Las Vegas, I had one focus on my mind. WORK. I felt that I lost out on a few years of work after all my college friends got right into things after school. I was extremely motivated to catch up. This meant cutting down and cutting out everything that wasn’t work-related and getting right to business. My dad had been buying homes at the time and was in need of a construction manager. Using my past knowledge as a construction engineer, and my recently acquired work ethic, I hit the ground running flipping homes and helping manage properties. I moved to Vegas and started my life. I had no money, nothing to my name, and a ton of energy with a goal.
I went to every hardware store and bank and took out as many credit cards as I could get my hands on. After my first project, I was 30K in debt and had successfully flipped my first home. Turning over a few properties in that way, I knew it wasn’t sustainable, I needed to buy something for me to keep. I bought a small apartment with owner financing and was officially a property owner.
Fast forward a year, construction started slowing down a bit. I found myself searching for something to do. A few searches on the internet made me come across a new website at the time, Airbnb. Alone in my apartment, I had nothing to lose. I listed my home and had a reservation within minutes! I grabbed my personal Items and threw them in my truck. Homeless for the weekend I knew I needed a new solution. I called a good friend and renting his apartment and listed it right away, after jumping from vacant home to vacant home for a while, I took a few properties from my dad as rentals (who was also exploring short term rentals at the same time as me) and Jerezee was born.
Business was going great and we were focused on one thing, scaling business. At this time, my connection to Israel came full circle. In Israel, buying a home is very difficult due to a required 40% down payment and purchasing homes in the US were very popular as a way to invest. We started partnering with Investors and buying homes. We would renovate them and rent them short term. I bought some cars to offer to guests as an up-sale and centralized my cleaning service for efficiency. My personal Life was thriving as well. I got married and started a family. My brother and brother-in-law both joined the family business. And our business more than doubled, increasing my lifestyle significantly.
Right around 2018, there was a shift in policy towards short term rentals. Vacation homes became synonymous with party houses. Furthermore, Short term rental operators became a target of extreme aggression by the policymakers and local residents. My investments were under fire and my investors became uneasy. I worked tirelessly trying to keep my normal operation as is. However, it soon became very clear that a change was needed. By mid-2019, I had lost over 75% of my short term rental business. Most people would close. Working quickly and around the clock, we branched out to new markets.
Today, we continue to grow and prosper. Jerezee has evolved to rent homes for more than 30 day periods, car rentals and construction supplement our income and flipping homes is as healthy as ever. I got back to basics, used my knowledge and experience to get a General Contractor License and Jerezee construction is a new branch of business.
Thinking back to my Army service, perseverance and extreme focus is key to making it through the tough times. I am as optimistic as ever about maintaining my goals of continued growth. Every day is an adventure.