What goes up must come down. That adage is true when it comes to throwing a ball or hot air balloons, but what about rising prices? History tells a different story. You don't need to be an economist to know that prices for most products are more on a continuum trending upward with only slight and temporary dips. Inflation is a result of supply and demand. When there is greater demand than supply prices will increase. When there is a oversupply of products, the cost typically goes down albeit not necessarily lower than a previous average. Anyone that has filled their vehicle with gas over any period of time knows that gas prices fluctuate with the seasonal ups and downs directly related to usage by consumers and how much is available in the world. Inflation not only affects the price of gas and groceries, but also housing prices. The price of building a new home is related to the supply of construction materials. When the cost of building a new home is prohibitive, there is more demand for existing houses. Which, in turn drives up the sales price of an existing home. Other factors can contribute to home prices such as interest rates or the availability or affordability of low cost financing. Again, supply and demand is what pushes inflation to the record levels we've recently seen. Here is what many in government see as a benefit to inflation: The cost of paying back debt is actually lower when the debt was incurred prior to inflationary increases. If inflation devalues our money by say 10% it means that the debt represents a lower percentage of the income needed to repay it. If inflation pushes prices to 50 or even 100 percent, the pre-inflation debt seems insignificant. That is possibly one reason that many in congress don't seem to be concerned about inflation. One key to surviving inflation is to hold on to assets that rise in value with inflation. Cash is not a good hedge against inflation because it continually takes more of it to buy goods and services. Real Estate, precious metals, and durable goods that remain in demand in any economy historically provide protection better than most liquid assets. While high inflation rates may subside when demand and supply are corrected, prices typically level off but do not decline. That makes investing in real estate, for example, fairly safe. Landlords rarely lower the rents when inflation cools off. A shift to new construction could occur if materials become more readily available, but the existing homes hold their own. Understanding inflation can help you make better choices about what to invest in and how you can benefit from what can be negative affects.
As the moving day comes closer, there's a lot to plan and prepare. You need to find a new home, pack all your belongings and deal with the necessary paperwork. Additionally, you need to arrange everything with various service providers and update your new address. With all of this on your plate, staying calm and organized can be pretty challenging. And when you're moving out of a rental, there are some extra steps you should take to ensure everything goes as smoothly as possible. The main question, of course, is should you move yourself or hire movers? Before you make this vital decision, take a look at the advantages and disadvantages of both options!
Why do people opt for a DIY move?
We often underestimate the number of household items we have. When everything is in its place, it may seem like packing all your belongings will be a breeze. However, looks may be deceiving. Even if you prefer a minimalistic lifestyle, you'll be surprised by how much there is to pack! Never underestimate the amount of time and effort that relocation requires.
Most people opt for a DIY move simply because of money. Hiring expert movers can be pretty expensive. Of course, the costs will depend on many factors - distance, size of your home, services you choose, etc.
What are the risks?
While moving by yourself may seem more affordable, it often turns out more expensive. If you're inexperienced in lifting and moving heavy furniture and boxes, you might easily drop and break something. And the last thing any tenant wants is to accidentally damage the rental when moving out - that won't help you get your deposit back!
Additionally, there is a greater risk of injuries. Even if you have reliable friends willing to lend you a hand, it will still be quite an exhausting task, especially if there's a lot of heavy lifting to be done or a lot of stairs to deal with.
Lastly, renting a moving truck is one thing, but driving it fully loaded from point A to point B is another. If you don't feel comfortable with the ride, hiring a professional moving company is a much safer choice.
When is moving yourself the right option?
On the other hand, there are circumstances when a DIY move is the best option:
What are the benefits of hiring professional movers?
Experts agree that in most cases, hiring movers is the best option. Naturally, finding a reliable moving company is crucial. Unlicensed, amateur movers are more likely to add to your difficulties instead of removing the burden from your shoulders. Therefore, make sure to find the right experts for the job. Hire professionals with an outstanding reputation and several years of experience. Here's why expert movers are an excellent choice for a hassle-free, smooth relocation.
They save your energy
Packing and moving are not only physically exhausting. They'll also require a lot of energy and planning. There's a lot to consider, from getting packing materials, decluttering, securing the boxes, to loading the truck. All of this is likely to give you a headache at some point. Luckily, expert movers will take care of most of these tasks, so you can relax and enjoy a stress-free move.
They ensure everything is properly packed
If you're still wondering what's better, to move yourself or hire movers, here's another advantage of the latter. Many moving companies offer additional services such as dismantling the furniture and packing. Not only will they ensure every item is safe and well protected, but they'll also provide all the packing materials you need! You're not sure how to pack that delicate antique lamp? Or how many boxes you'll need to pack the kitchen? Then, hiring experts might be the right choice for you.
You’ll avoid causing damage to the property on the moving day
When you're leaving a rental, moving can be additionally stressful. Atop of all you need to do, you must ensure your soon-to-be-old home is in good condition. That means putting everything back the way it was on the day you moved in. The last thing you want is to accidentally scratch a door or damage the floors.
They will save you time
If you're upgrading from tenant to homeowner, you're likely to be short on time. After all, you need to find your new home, close the sale, and get everything ready for moving in. Not to mention ending your lease and all related issues. With juggling all of these tasks, planning and preparing for the upcoming relocation is an additional burden.
Luckily, when you hire reputable movers, you can sit back and relax. They'll arrive on time and take care of everything efficiently and professionally. The right help will enable you to focus on more important matters and make a smooth transition.
Fast and safe delivery to your new address
As we've mentioned before, loading the truck and driving it is more complicated than it seems. Packing items properly and loading them requires some experience and care. That's another reason why hiring movers is always a good idea. After all, you don't want your precious belongings to suffer any damage during the transport.
How to find the best movers?
If you're unsure where to start your search, a moving company database such as usamovingreviews.com is a good choice. Here you can look for first-hand experiences and reviews and find a company that best suits your needs.
The bottom line
So, when it comes to leaving your rental, one of the essential questions to answer is: Should you move yourself or hire movers? Hiring experts is a more secure and efficient option in most cases. However, it all depends on your particular circumstances and preferences. A DIY move might save you some money, but hiring movers will make for a stress-free, efficient relocation. Not to mention you'll have valuable time and energy to devote to more important matters!
Are you moving to Reno, NV?
Renting comes with many advantages, but the freedom to customize your living space according to your needs and preferences certainly isn't one of them. When a hefty safety deposit and a strict lease agreement are watching your every move, turning a rental into a home becomes a much more daunting task. Still, there is no reason to despair, even if you are still not ready to upgrade from tenant to homeowner. There are many budget-friendly ways to personalize your rental home that won't aggravate your landlord or your wallet. Stay tuned to see what they are.
Add some color to the walls
A fresh coat of paint can do wonders for transforming your living space. Owners typically opt for white or other neutral shades because they are universal and easy to paint over in between tenants. If this is too dull for your taste, you can always kindly ask your landlord to switch things up. If they are not too keen on the idea, offer to repaint the walls in the original color before the time comes to move out. Yes, this will be an extra expense you will need to account for, but since there are moving services for different needs and budgets available, you should be able to make an affordable plan without sacrificing anything.
Create an accent wall with removable wallpaper
This list of budget-friendly ways to personalize your rental home can't go without wallpaper. Removable wallpaper is a fantastic way to bring some color and style into your living space. There is a variety of colors, patterns, and even textures to choose from, so finding something that matches your taste shouldn't be an issue. You can even use it to upgrade the bathroom! Just be very careful when removing it if you want to get your security deposit back. If you chip or damage the walls, end-of-tenancy cleaning won't be your only issue when you decide to move.
Upgrade the lighting
Lighting plays an essential role in interior design. However, rentals usually cover only the bare necessities when it comes to illumination, be it natural or artificial. Luckily, addressing this issue is neither hard nor expensive.
You can find beautiful lamps and lighting fixtures on various online marketplaces and thrift stores for ridiculously low amounts of money. LED strip lights are an excellent solution for task lighting in the kitchen or bathroom. When it comes to wall and ceiling fixtures, you can opt for pendant lights that you can customize and arrange according to your liking if you are not allowed to install more.
Additionally, make sure to remove or replace your blinds and add airy curtains that will allow more sunlight into your living space.
Replace the hardware
Door knobs and cabinet pulls might seem insignificant, but they can really help you personalize your rental home. You can find cheap hardware online. The fact that replacing it requires minimal effort makes this trick even more attractive. Just make sure to store the original knobs, handles, and pulls in a safe place to avoid losing them.
Add a removable backsplash to your kitchen
Rarely will you find a rental with a kitchen backsplash that is just according to your liking. Luckily, you can easily address this with a removable backsplash. It will protect the walls from accidental spills and splashes and make the move-out cleaning significantly more manageable. Moreover, since it is so cheap, you can simply replace it once you get bored of the pattern.
Upgrade appliances and cabinets with contact paper
While there probably isn't much you can do about the appliances and cabinets in your rental, there are ways to make them look a bit more presentable. Contact paper! Simply clean and dry the surface you want to cover and carefully stick the paper to avoid air bubbles and creases. If you take your time with this, you might even convince your friends that you finally got that expensive stainless-steel fridge! When the time comes to move, simply remove the contact paper and no one will ever know.
Cover ugly flooring with area rugs
Since flooring isn't exactly cheap or easy to fix or replace, landlords typically don't address them unless absolutely necessary. As a result, many rentals have less than stellar floors that really affect the home's vibe. If this is the case with your apartment - there is no reason to panic! Area rugs can be a cheap and easy fix for this issue. Layer different sizes, colors, and shapes to cover the ugly spots and add a dose of coziness to your living space.
Personalize your rental home with plants
When it comes to home decor, plants are always an excellent choice. They are affordable, versatile, and capable of brightening up even the dreariest of places.
If you don't have much experience keeping them alive, know that many low-maintenance options thrive on neglect. Make sure to choose the plants that can survive with the conditions you will provide them. This means that succulents are probably not an ideal choice if your rental doesn't get much sunlight. Additionally, put your green friends in some cool planters, and place them on your shelves, hang them, or even use them to cover up the eyesores.
Don’t assume you can’t change anything
While there are many budget-friendly ways to personalize your rental home, they might not be enough for you. If you have more complex ideas in mind, don't just assume that you can do nothing about them. It's true that most landlords aren't big on allowing their tenants to make significant changes, but that might not be the case with your landlord. A kind approach, alongside responsible tenant behavior, could be enough to persuade the owner to loosen up the rules. Remember to be realistic about your demands and always offer to return the property to its previous condition. However, if your landlord won't budge and you simply don't feel at home in the rental - don't despair. There are many properties out there, and, with a bit of help, you will surely manage to find something that satisfies your needs and wishes.
The life of a tenant comes with many caveats. Besides needing to find a place you like, you’ll also have to deal with the landlord or property management company. If you have a pet, finding a suitable rental property can be a bit more challenging. It goes without saying that not every landlord is going to be thrilled with the prospect that you’ll be bringing a pet with you. Thankfully, we will give you tips for renting with pets, which will make the whole process a lot easier.
Consult with the landlord
Obviously, the first thing you will need to do is consult with the landlord. Be direct and find out if the apartment you are interested in is pet-friendly. Some places with a “no pets allowed” policy may be open for discussion, and you shouldn’t be afraid to ask. The worst thing that can happen is that you get declined, which will just bring you back to square one.
It is of utmost importance that you do not lie to the landlord or try to hide your pet. When they perform a property inspection, they are bound to find pet hair, chew toys, and pet food. Hiding your pet can just land you in trouble and get you kicked out of the apartment. Don’t even think you will be able to fool a seasoned landlord. They are always on the lookout for tenant scams, so you should steer away from any illegal or suspicious activity.
Choose a home with your pet in mind
A small, one-bedroom apartment isn’t the greatest environment for a dog. Try to find something more suitable for your pet, and have their needs in mind when browsing property listings. Depending on the type and size of your pet, you may want to rent something with a spare room, a balcony, or a yard.
Also, consider what the neighborhood is like. Look for an area with a nearby park or perhaps good trails where you can go for walks together. Before moving, check to see if there is a local vet in the area and contact them to see if they can care for your pet.
Get references from your previous landlordIf you have already rented a place with the same pet you have now, you can ask your old landlord for a reference. This is especially helpful if your pet is well behaved and left a good impression on them. The landlord-tenant relationship is something you need to nurture, and it can be mutually beneficial. When moving out of a rental property, make sure to repair any damage your pet may have caused even before the property manager asks you to do it. If your previous landlord can mention that both you and your pet behave responsibly, that can go a long way towards convincing the new property owner to give your pet a pass.
Gather documentation and introduce your pet
Besides all the regular paperwork you will need when renting a home, you should also create a dedicated pet-paperwork folder. Have all the vaccination and neutering information from your vet readily available. You can also include your vet's phone number, since they can also serve as a reference for your pet. Compose a short bio for your pet, where you can mention their breed, hygiene, and overall habits. Always include your pet's resume with your own when inquiring about an apartment. After all, you are going to be roommates together. If you are going to have an in-person meeting with the new landlord, make sure to bring your pet. This can be an excellent opportunity to show off that they are well behaved.
Be willing to negotiate
When discussing the lease agreement, you can offer an addendum to the lease. It can state that you are ready to cover any potential expenses which can come from the damage your pet may cause. When renting with pets, it's not uncommon for landlords to require you to pay an additional security deposit. Obviously, the best way to get it back is for you and your pet to be on your best behavior. Always clean up after your pet, and fix anything they damage to get your security deposit back.
Moving with pets
You will find that moving to a new home is a bit more complicated when pets are in the picture. We will go through some tips for renting with pets that will make your relocation a breeze. Pets can sometimes get even more stressed out about a move than humans, and what's worse is that they don't have good ways to express themselves. Here is what you can do:
If you don’t already have a pet
If you plan on getting a pet, don't just adopt one and assume that your landlord will be okay with you bringing them into the rental property. Talk to the landlord in advance and get their approval before bringing a pet into your home, and make sure you get it in writing. Adopting an animal without a formal okay will get you on the fast lane to getting evicted.
The bottom line
The main takeaway from our tips for renting with pets is that you should always be straightforward and direct. Inquiring about pets on the property should be one of the first talking points with the landlord. Of course, there are a few things you can do to set the odds in your favor. If you train your pet and make sure they are well behaved, renting with a pet shouldn't be a problem.
There is a lot to consider when it comes to moving out of your rental. Whether you have been there for a long time or just a short while, multiple things can determine if you get your security deposit back or not. Always make sure that you take your time to consider all possibilities and sort them out before you officially move out. The issues that your landlord might consider deal-breakers could be as small as a few leftover nails in the wall or as big as broken furniture. With some cleaning hacks, you will be able to relax and have no problem getting all your money back.
Preparing to move out
If you have ever rented a car, you’ll remember that you needed to do an initial inspection of damages so that you do not get charged for them afterward. The same rule should apply to an apartment or house rental. If you have done this before signing a lease for your home, it will make your life a lot easier once you decide to move out.
1. Make sure you clean the oven
Unless you do not come near your stove due to your less-than-enviable cooking skills, the kitchen is the area where you will have the most significant amount of work. You know very well how much damage oil splatters can cause and what a pain they are to clean. Almost everyone will agree that they hate cleaning the oven with a passion. Who can blame them—it is extremely difficult to do, it demands some serious contortionism, and even after you clean it, it still looks dirty.
Procrastinating with this task, though, can create quite a messy situation, and you want to take care of it before you move out. An easy cleaning hack is to make a baking soda paste by mixing it with water and then spread it all over the oven. Leave this overnight and simply wipe it clean in the morning.
2. Don’t overlook the fridge
This is the home of lots of spills, stains, and bacteria. If you empty it and unplug it without cleaning, it will be a nasty sight—and smell. A bowl of baking soda overnight will take care of the smells for you. One of the best cleaning hacks is to use a vinegar solution and spray it all over the refrigerator. All the stains and grease will come off surprisingly easily.
3. The walls will need a lot of love
Your walls can go through substantial damage even if you do not hang any pictures on them. Simple, everyday activities can leave stains and marks on the walls that you will most certainly need to take care of before moving out. To clean stains, use white toothpaste with a paper towel or a rag. If you have removed nails from the walls, fill in the holes with toothpaste as well, or use the traditional nail hole fillers and even out by scraping the excess with a wet knife.
4. Try out these cleaning hacks for the floors
Any lighter shade of carpet will be susceptible to stains. To clean these, use a mix of hydrogen peroxide and some lemon juice. Spray the solution on the stained area and leave for a few minutes. After that, scrub it with a brush. For dark carpets, use a solution of white vinegar and a few drops of dish soap and water. If your hardwood floor has scuffs, use a tennis ball or an eraser and apply a bit of pressure while rubbing the surface. This magic trick will save your security deposit.
5. Give the bathroom a good scrub
You may have noticed some stubborn stains in your bathtub. They usually form from shower and hair products build-up, but also limestone. Most cleaning products will not get rid of them, so why not try a mix of lemon juice and salt? Scrub on the area until it magically disappears.
Moving cross country?
If you are currently renting in the state of Nevada and are planning an interstate move, consider hiring a moving company. After you have finished your thorough cleaning and you got your full safety deposit, these professionals will save you a great deal of trouble and help you transfer from the state to wherever you are moving. Especially if you are relocating for the first time, you will be more than grateful for the assistance of experts. You might get overwhelmed by the amount of planning and organizing that needs to take place. With professional movers, you will rest assured that everything will be arranged for you perfectly.
Additional useful tips and cleaning hacks to keep in mind
It is very easy to overlook details when moving out of your rental. Your landlord might be a lovely, honest person, but they also might be digging for ways to deduct money from your safety deposit.
Meta description: Learn some great cleaning hacks to help you get your security deposit back offered by the experts at Clark Real Estate.
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You don't have to be psychic to know that the landlord vs. tenant relationship is the subject of many articles you can easily find online. The only thing is: most of them focus their attention on the unwanted, unloyal, or scamming tenants. So, where are all the good ones and why's nobody writing about them? How about doing something in advance for your tenants to make them feel just right? Well, we'll try to make it up to them by posting an article about affordable ways to show appreciation to your tenants. Good tenants are a blessing! Here are some tips and tricks on how to keep them!
A Welcome Gift
Before your tenant/landlord relationship kicks off big time, it's good you show some appreciation in advance. There isn't a better way to do this than by leaving a little welcome present on the kitchen counter or sofa. It's up to you to figure out what kind of present it will be. Try to look for something affordable, yet don't be cheap. It's always like that, right? Let's say that a gift card from your local hardware or home appliance shop is something most tenants will find appealing. Also, make sure to include a welcome note with the gift. You can make this into a tradition. For example, you can do this again once your tenants renew their one-year contract.
Update the place
Let's say you've noticed that the old washing machine is slowly dying. It can still be of some use, but you can clearly see its days are numbered. Don't wait for your new tenants to call you when they have issues with washing their clothes. Replace the old lady before they move in! You should also renovate the place if needed. If you're nice enough to leave a welcome gift, you must act nice on all fronts. That way, your tenants will know you're a one-of-a-kind caring landlord. You can surprise them with your positive attitude!
Share some quality info
Let's say your tenants have some problems relocating to their new address: the cozy apartment you're renting out. There are numerous ways you can help them in this scenario. One of them, of course, is to show them some relocation tips they can use on their moving day. As you've probably experienced relocating at some point in your life, your knowledge might turn out to be very helpful. Tell them how to organize the preparations or how to handle moving-day stress. It's a big plus having a trusty landlord, always ready to help or give a bit of advice!
Remember (write down) your tenants' birthdays
A fun way to show your tenants some attention is to remember their birthdays. Sending a small gift cannot hurt! Even a plain old birthday card will do the trick. If you own a building, we guess it's pretty hard to remember the birthdays of all your tenants. In that case, write them down and set up a reminder. Also, if you want to be a dreamlike landlord (what a combination of words...) you can even track anniversaries or other dates important to your tenants. On the other hand, that might seem a little creepy. Stick to birthdays!
Throw a tenant appreciation party
As we've mentioned in the previous paragraph, you might be the owner or a property manager of a building. In that case, you can throw a cookout event or something similar for all your tenants! Is there a better way to show that you care? That's right - there isn't! Rare are those who would turn down a party invitation.
Never let your tenants wait for a repairIf your tenants call you because of an issue inside your apartment, you should act momentarily. Letting them wait is not something we would recommend. They need to know you're always there! Imagine the scenario: something's wrong with the plumbing, and because of your poor timing, now the living room tragically reminds your tenants of a scene in a movie about a sinking ship (Titanic, anyone?). Even movie buffs would hate that! Not to mention the folks who live downstairs. They'll undoubtedly adore the light brown aquarelle on their ceiling!
Give them a discount
If your tenants are on time every month with payments, it might be time to show them how much you value their responsibility. Give them a discount on the next rent payment. It's a win-win situation! You're happy because they're always on time, they're happy because you gave them a monthly discount! Then you're happy because they're happy, and so on. It's not so hard to picture an idyllic landlord/tenant relationship blooming out of this. Okay, that was probably a bit too much, but you get the point! A discount on rent is one of the best ways to show appreciation to your tenants!
In the article above, we've shared with you affordable ways to show appreciation to your tenants. By following the mentioned tips and tricks (there aren't any tricks, though), you're bound to form a great relationship with your tenant/s. It's never hard to show some extra care, and your tenants (if they behave like normal people, that is) deserve your attention. A nice word, friendly gesture, or a small gift will get the job done!
Nevada's expanding popularity is due to various causes, including cheap taxes, high-paying jobs, natural beauty, and year-round recreation, to mention a few. This thriving region of the American West, notably Reno, Nevada, is attracting new house buyers and businesses. Here are a few reasons why Californians love Reno and think it is a terrific place to live.
No income tax makes Californians love Reno
In comparison to other states, Nevada has a low overall tax load on its inhabitants. Nevada has the eighth-lowest crime rate in the United States, thanks to all of the tax income generated by the state's thriving tourism economy, particularly the casinos. Retirement funds and pension income, whether private or governmental, are tax-free. Also, in Nevada, there is no estate or inheritance tax
As a result, if you live in Reno, you will likely pay less in taxes, leaving more money in your pocket for other things such as student loans, recreation, dining, shopping, and so on. If you're considering buying a house, buying a fixer-upper home in Reno may be a suitable option for you. That is if you are handy and have many renovation ideas.
Outdoor adventures, nightlife, and an impressive cultural scene
Reno provides terrific outdoor experiences, vibrant nightlife, and a diverse cultural scene.
Reno offers world-class entertainment and leisure opportunities, all while surrounded by the gorgeous Sierra Nevada Mountains to the west.
The culinary scene in Reno, Nevada, is titillating and unusual, as one might expect from the city's hotel and casino lifestyle. Every week, new restaurants and cafes open, providing foodies with a never-ending gastronomic adventure. Casino buffets and bars aren't the only things to do in Reno. The beer and distillery scene is expanding, with many stops along 4th Street in the Brewery District. Many Californians are thrilled by all these fantastic features Nevada offers. SO, if this made you want to move to Reno, too, rest assured that this easy process is possible. With a reliable moving company by your side, a knowledgeable real estate agent, and some preparations, you will become a Nevada resident in no time.
Reno provides year-round entertainment for people of all ages, with various family-friendly activities, events, museums, parks, and other attractions. Artown, the Reno River Festival, the Best in the West Nugget Rib Cook-Off, the Great Balloon Race, the Reno Rodeo, Burning Man, the Barracuda Championship, the Lake Tahoe Shakespeare Festival, and many other events take place in Reno. If you prefer arts and entertainment, the Pioneer Center, Nevada Museum of Art, Greater Nevada Field, or Discovery Museum will definitely satisfy your needs. From Shakespeare on a sandy beach at Lake Tahoe to 500-mph plane races and hot air balloons hovering above the Reno cityscape, there's something for everyone.
The Tesla Gigafactory, designed by Elon Musk, is only a short distance from Reno. This, together with the presence of numerous start-up companies, creates work prospects, attracting many tech professionals to the area. Noble Studios, Mabble Media, KPS3, Clear Capital, and other tech companies are all hiring in Reno.
Reno is home to more than just computer companies; it also has other enterprises distinct from the conventional clusters of casinos, resorts/hotels, and eateries
If you live in Reno, you'll almost certainly see all four seasons. The climate of Nevada is arid and warm, with plenty of sunshine all year. Summers in Reno are generally hot and dry. However, winters can be bitterly cold. Snow may fall if you live higher up in the mountains, but it is less likely if you live further north. If you like a desert climate but want to experience all four seasons, Reno, Nevada is the place for you. The mild weather in Reno is especially appealing to people considering retirement.
According to the US News & World Report, the University of Nevada, Reno, is a national Tier 1 university. It is the state's flagship university, with a lovely campus featuring brick buildings and old trees that provide a gorgeous backdrop for academic endeavors. UNR is a doctorate institution focusing on science, engineering, and medicine, particularly earthquake science and biotechnology.
A "pipeline" relationship, in which recent UNR graduates frequently acquire jobs in Reno and stay in the area, benefits both students and future employers. It's a win-win situation. Moreover, if you're raising a family, you'll be thrilled to hear that there are excellent schools in Reno as well as good sports programs.
The Animal Ark
Zoos bear an element of animal cruelty. The Animal Ark in north Reno, on the other hand, is unique because it is a safe haven for orphaned, injured, and non-releasable animals. Basically, if these animals were free, they wouldn't survive. Therefore you get to see beautiful animals without feeling guilty. Wherever possible, Animal Ark is committed to utilizing ecologically sustainable energy strategies. Passive solar panels and wind production provide the majority of Animal Ark's energy needs. There are also water recycling rules in place, and the entire 107-acre complex is under fire management. Animal Ark's purpose is to promote environmental care through wildlife education.
Ski Resorts at Lake Tahoe
Reno is home to the country's largest concentration of world-class ski resorts strategically positioned to over twenty locations in the Tahoe region, including Mt. Rose, which is only a 30-minute drive from Reno. Whether you're a first-time skier or a seasoned pro, Reno has it all when it comes to getting on the slopes.
Reno Tahoe features 18 ski resorts within a short drive of the Biggest Little City's entertainment and nightlife. There are more ski resorts in this area than anywhere else in North America!
Looking for a place to call home?
Now that you understand why Californians love Reno, Nevada, you may decide to move here or buy a house and hire a property manager to handle it. Rest assured that you won't regret that decision. Reno maintains its status as the world's largest little city by providing modern amenities. When you make this city or its surrounding metro region your home, you will undoubtedly find an opportunity to create a wonderful life for yourself. Take advantage of luxury houses with large outdoor living areas and many rooms ideal for fun with friends and family.
If you happen to be a rental owner, there's a high chance you've put blood, sweat, and tears into managing the said property. While the investment might have been a smart one initially, perhaps it doesn't ring true today. There are many instances in which you are better off moving on from the property than keeping it in your possession any longer. Unfortunately, knowing just when to say goodbye isn't simple to determine. With that said, you are encouraged to take note of these 7 signs that suggest the time to sell your rental property has come.
1. The value of your rental property has increased
If the value of the property has drastically increased since the time you bought it, that may be a signal it's time to convert it into cash. This approach is especially favored by professional flippers, who purchase properties only to sell them for profit a short time later. While typical flippers don't usually turn to renting, a few of those do stick around long enough to venture into the process - which goes something like this:
2. The property is no longer generating profit
It doesn't take a genius to figure out that a property that doesn't bring revenue isn't one worth keeping. Of course, if you've only recently acquired your asset, perhaps you should stick around for a bit longer. After all, it does take some time for profit to show. However, if you've already been a landlord for a while and you've been in the red for months, it might be wise to sell your rental property. It's better to let go of it now than allow it to drain your savings any further.
If you truly are keen on sticking to real estate investing, though, put your money elsewhere. For example, into another Reno property that's bound to prove more profitable.
3. You are miles away from your rental property
When you live close to your rental, managing it doesn't seem all that complicated. Whenever the property requires your attention, you are just a short drive away.
However, as life is relatively unpredictable, sometimes, we must move away. This challenging time requires us to think about many things: our next living arrangement, the moving process, and last but not least, the property we currently own. As far as hiring movers goes, it's worth noting that reliability is the most important factor to consider. Always opt for a company that has considerable experience moving people across long distances, throughout the entire state of Nevada.
While the relocation process can be reasonably smooth, maintaining your property when you live miles away becomes all that harder. You can no longer be there to tend to issues and must rely on the help of others to make do. Selling is possibly the best choice, but if you wish to keep your asset, by all means, do it. Should that be your final decision, remember to seek out a professional Reno property manager.
4. You no longer wish to be a landlord
The thought of being a landlord doesn't excite you anymore? If you find this to be true, that's a tell-tell sign that you should sell your rental property, or actually, consider selling it.
Perhaps you are just tired of the amount of work that needs to be done around the property. Maybe managing it has occupied so much of your free time, which isn't what you initially signed up for. Or, you've stumbled upon trouble with your tenants. Whatever the case, if real estate investing no longer does it for you, it might be time to leave the game altogether.
5. Your rental property has begun deteriorating
The state of your current asset is such that it requires extensive repairs to become yet again profitable. Investing in a new roof in Reno, for instance, can cost you anywhere between 6,000 and 10,000 dollars. That's about a year's worth of rent down the drain! Instead of spending a fortune on fixing it all up, it's better to sell the rental ''as-is''. This is especially true if you are dealing with a somewhat older property. The potential for something going wrong grows with age, so parting ways sooner rather than later is recommended.
6. You set eyes on another property
New opportunities to invest in something, including properties, arise constantly. Maybe you've recently stumbled upon an asset that you believe could be worth your while. The only problem being that the lack of money is preventing you from acquiring it straight away. However, if you sell your rental property now, you'll have just the amount you need to fund the new investment. But pause for a minute: are you aware of what you're getting yourself into? Is the potential of obtaining higher profits with the new property truly that great? Is it that great that it makes saying goodbye to a rental that's already been bringing you constant cash flow reasonable? Ask yourself these questions before reaching the final verdict.
7. Circumstances surrounding your life have changed
At the time you purchased your investment property, you couldn't have possibly known something in your life would change. While you would want nothing else but to keep your property, certain events could make you question that decision, including:
Flipping your first house is a thrilling undertaking. After putting in the hard work of choosing everything from the flooring to finding the perfect finishing decor, you should feel proud of your major accomplishment. Once you approach the end of your project, however, you are faced with one final decision: Sell the property or rent it out?
If you are torn between these two options, here are several important questions for you to consider.
How is the current housing market in your area?
One of the most significant factors in your decision to rent or sell should be the current housing market in your area. Do research to find out the following: Are home prices slumping, or are homes selling for a reasonable (or higher than normal) price? What is the current demand for rental properties in the area? What is the future outlook for home and rental prices?
Gathering data like this will help inform your decision. You can use this information to quickly assess whether renting or selling would bring you the highest profits. When it comes to flipping houses, knowledge is power.
Do you have the time to be a landlord?
For many individuals who flip houses, another major determining factor in renting or selling is the time they have available to dedicate toward being a landlord.
Landlords are responsible for the majority of repairs needed in a home or apartment. At a moment’s notice, you may need to replace electrical wiring, handle a plumbing emergency, or replace an appliance. Thankfully, those who don’t have the time to work as a landlord can hire an experienced property management company like Clark Real Estate. Property management companies handle most of the time-consuming duties involved in renting a property — including tenant screening, rent collection, and repairs.
If you instead opt to be the landlord of your property, ensure that you have plenty of extra funds saved. The cost of emergency repairs can quickly add up, so it is important to have enough in the bank to cover these expenses and that you work with qualified professionals to make repairs. For instance, if your rental property needs window repairs or replacement, you can find local contractors through Angi.com and view customer testimonials and feedback. Before hiring a service, insist that they’re licensed and insured and can provide you with referrals upon request.
What are your long-term financial goals?
If this is your first investment property, you may have not established long-term financial goals for this project. However, setting financial goals for yourself and for this property is critical in helping you decide how to move forward.
For example, are you looking to make a lump sum to reinvest into your business? This option makes the most sense if you are formally starting a career or side hustle as a house flipper. The cash that you will receive from the sale of your property will not only pay off any outstanding renovation bills, but it will also give you a large chunk of money to use on the next house you plan to flip. If you instead want this property to provide you with a stream of passive income, renting will always be the best choice. For as long as you desire, you can generate funds from this home with no extra work involved.
What do you plan on doing with any other fixer-uppers that you purchase?
Finally, consider your plans for any future fixer-uppers you plan to buy. Was this a one-time project, or are you planning to flip homes regularly? Do you want a mix of rental properties and ones that you decide to sell? Having this plan in mind will allow you to decide whether to rent or sell this current home and all future homes you purchase.
The finality of making the decision to rent or sell your fixer-upper can feel daunting. When you ask the right questions, and do plenty of research, you can rest assured that your final decision is the right one.
Clark Real Estate offers full-service property management services for property owners and investors in and around Reno. Call (775) 828-3355 to learn more!
Midsize cities in the U. S. have recently seen a genuine revival. People who have formerly enjoyed the hassle of large metro areas are now settling down in average size cities. Many have decided moving to Reno, NV is an excellent idea as this is one of the midsize cities with many offers. The question is: What makes midsize cities appealing when someone is moving? Compared to larger areas, the quality of life, affordable housing, and job opportunities are primary reasons. So, if you are considering buying or renting a property in Reno, NV, you might want to add numerous outdoor adventures and natural beauties to the list.
Pros of moving to Reno, NV
The first thing that comes to one's mind when talking about Reno is gambling. But, surprisingly, Reno has to offer a lot more. Here are some advantages of living here based on the stories of residents.
Natural beauty of the area and possibilities for outdoor activities are some of the reasons people opt for moving to Reno, NV.
Not many cities are lucky enough to have a river. Reno, Nevada is among the fortunate ones.
Living in Reno: things to consider before making your decision
Keeping in mind that Reno, Nevada has recently been ranked no.1 best small city in the U.S., it does make it an attractive place to consider relocating to.
However, deciding to move is not an easy task, especially if it is a long-distance one. You would need to deal with many things, from choosing a property to hiring professional movers to help you settle hassle-free. To make it a bit easier for you, we've made a list of facts you should carefully consider before moving to Reno, NV.
Reno, NV is a large enough area to attract world-class entertainment and events, but it is small enough to offer a homey charm.
Many consider the weather to be one of the best things in Reno, Nevada. Reno's residents get all four seasons, and typically there are 300+ sunny days in a year. Spring and fall are considered to be the periods of the year with the perfect climate. It can get hot during summer, but it gets more comfortable at night. Although winters are usually mild, snowstorms can happen. However, they don't seem to cause many problems, and people living in Reno typically don't use snow tires.
Traffic and Transportation
Even though Reno is experiencing growth in many ways, it hasn't seriously affected the traffic yet. The average one-way commute is 19,5 minutes, a bit below the national average of 26,5 minutes. The majority of commuters travel by car since Reno isn't a particularly walkable or bikeable city.
The Victoria Highway and a branch of Lincoln Highway both serve Reno. U.S. Route 395 runs north to rural eastern California, and I-580 runs south on the Sierra Nevada Mountains east side, and they both merge in central Reno. Reno is also connected with Sacramento and San Francisco in the west, and Winnemucca, NV, and Utah in the east by I-80.
Housing marketAlthough the median home price in Reno is higher than the national average, the area offers more affordable neighborhoods. Among the top five affordable communities in Reno are: West Reno, West Sparks, North Valleys, Airport, Grove, and Northeast Reno.
The prices are likely to rise in the future. That's why now is the adequate time to invest in real estate and ensure your future financial growth.
Reno, Nevada, is home to a Tier 1 research university. The University of Nevada, Reno, has experienced noticeable enrollment growth in recent years. This doctoral university is best known for engineering, science, and medical programs, including biotechnology and earthquake science.
Furthermore, Truckee Meadows Community College offers 160 undergraduate degrees. Another great college is the Career College of Northern Nevada, specializing in training students for technical fields in rapidly expanding industries.
Events"Reno is Artown" through the entire month of July with multiple events every day, from crafts to dancing with fire, photography, and music. Many of these events are free and an excellent way to celebrate the tremendous contribution of arts to our community.
Another popular event is Hot August Nights which showcases numerous classic cars. Other noticeable events are the Rib cook-off, Reno air balloon races, Street Vibrations, and many more.
Restaurant and BarsReno is the perfect place for craft beers and cocktails. Several award-winning breweries are 10 Torr, The Depot, Revision, and many more.
Among the most popular bars are Rum Sugar Lime, Death and Taxes, or Pinion. When it comes to dining, sushi bars are abundant, and most offer affordable all-you-can-eat options. Some of the notable restaurants are Beefy's, Loco Ono, and Johnny's Ristorante.
Reno is an excellent place for those wanting big-city advantages with a small-city charm, community, and convenience. However, if you are looking for a place to call home, it would be wise to seek professional guidance when moving to Reno, NV. This city offers plenty of opportunities for both the younger and older population, which is why it has seen noticeable population growth.
Clark Real Estate
305 W. Moana Ste C
Reno, NV 89509