 Are you thinking about moving to Reno, NV? Whether you’re a current or prospective entrepreneur, Reno is a fantastic location to run a business. The city and state boasts all kinds of wonderful opportunities for entrepreneurs. You’ll enjoy robust community support for small businesses, an educated workforce, and no shortage of local resources designed to help local businesses thrive. In a rocky economy, the value of launching a business in a supportive environment cannot be overstated.
Availability of Rentals If you’re not in a position to buy a home, renting is a great alternative, especially in Reno. The city has a variety of rental options at price points suited to various budgets. Look for homes in a neighborhood that fit the needs and wants of your family. Once you’ve chosen a few suitable areas, view online listings to find properties in your price range. Most online rental sites will allow you to filter your search results based on your desired number of bedrooms and bathrooms, so remember to take advantage of these tools! Consider working with us here at Clark Real Estate to find the best rentals in Reno. Explore this and other reasons you should consider setting up shop in Reno: Here are the top things to know before moving to Reno, NV, for all those planning to make it their new home.  Have you ever heard of the biggest little city in the world? We are talking about Reno, Nevada, a place in the northwest part of the United States of America. Whether for its incredible landscape, dynamic lifestyle, proximity to San Francisco, or the everlasting fun this city promises, Reno has been one of the most popular places over the years for both visitors and newcomers. So, if you have heard these amazing facts and are planning to come there for good, here are several things to know before moving to Reno, NV. A few words about living costs One of the most important things everyone would like to know when buying a home in the Reno city area is how much money they would need for a living. Well, truth to speak, Reno, Nevada, is not the most affordable place in the world. It is among the most expensive ones. An average family needs approximately $80,000 a month to have a decent life. Although living in Reno is cheaper than living in San Francisco or New York, it is still in the high 21st position among the most expensive cities in the country. Its living costs are about 8% higher than the national average.  The living costs are high, but life there is good. The real estate market Low property taxes, and generally high incomes, make Reno one of the top three places in the USA where people wish to buy a home. There are neighborhoods for everyone. Starting from the ones hidden in the peacefulness of a forest area to those situated in the center of busy city life. Furthermore, since the number of buyers in the real estate market has grown, the available offers have decreased in the past several years. What's more, homes that are still in the game have pretty high prices. Still, some researchers have shown that shortly, the price growth will slow down for a little bit. That is why this may be the right time to invest in a house in Reno, one of the most wanted real estate in the USA. And when the moment of relocation comes, as the experts from familyaffairmoving.com would say, all you need is a group of experienced movers, and everything will be done in no time. Finding jobs The job market in the city of Reno is in constant growth. Their industries are expanding, and the offer is diverse. Some of the most developed industries in recent years are technology and healthcare. The number of opportunities is growing, while taxes are still pretty low. So, if you are moving to Reno to find a new job, you are one among the many. The weather- one of the things to Know Before Moving to Reno, NV In Reno, you'll have a chance to meet all four seasons. All over the year, they have a mixture of great hot summers, pleasant springs and autumns, and beautiful snowy winters. You'll see rain, snow, sun, strong winds, and even thunderstorms. Although the temperatures in the hottest and the coldest months can vary, they never go below 23°F in winter or 89.6°F in summer. So, if you are among those who are moving to Reno from California for work, get ready to pack some warm clothes, too. You are going to experience some real winter weather with all its charms. And when it comes to preparing your household for the move, experts can pack in no time since packing services in California are more than excellent.  Come to Reno to see all the weather aspects. The town's atmosphere When we say small-town atmosphere, we mean precisely that. One of the things to know before moving to Reno, NV, is that their people cherish a strong sense of community. Naturally, everyone knows their neighbors. Even if they are newcomers, it's only a question of time before someone will knock on their door and help them blend into the city's community and life. That is one of the reasons why Reno is a perfect moving destination for families. In this city, you will find numerous great family-friendly parks that can offer entertaining outdoor activities for kids and adults. And when it comes to traffic, traffic jams will be your past since people in Reno rarely sit and wait in their cars for more than a few minutes. Education When we talk about schools you can find in Reno, there are many options. Reno's education system is strong. Some of the best public schools in Nevada are in Reno. On the other hand, when it comes to higher education, Reno residents can boast of being a college city. Apart from the Truckee Meadows Community College in this city, there is also a four-year public University of Nevada Reno. The crime rate in Reno, NV Since safety is one of the top priorities among the residents of any city, especially if they have children, it is good to mention that Reno is not considered the safest place in the world. However, although the crime rate is above the national average, not all neighborhoods have the same crime rate. The Reno residents prefer living in the southwest part of the city since they claim it to be the safest one. Still, you should remember that there is no perfectly safe place in the world. So, all you need to do is to get informed about the crime rate in the area of the city you would like to live in. Entertainment Well, entertainment is the word that best describes life in Reno, NV. This is the city where the fun never stops.
 One of the things to know before moving to Reno is that you can find great casinos there.  Flipping houses can be a great way for aspiring students to earn money for college. With a little hard work and a bit of luck, one can turn a profit from buying an inexpensive fixer-upper and selling it at market value. Investing in the real estate market requires careful research and savvy knowledge of the industry, but with dedication and persistence, flipping houses can become a lucrative investment that pays off in more ways than one.
Find the Right Home to Flip One of the most important steps in real estate investing is finding the right home to flip. It can be hard to determine which properties are worth your time and money. However, there are several factors you should consider when evaluating potential flips. You should look at a property’s location, condition, zoning, and comparable prices. Also, consider housing trends and research what similar properties have recently gone for on the market. With a little diligence, you'll be able to find the perfect property flip. Check the Zoning When looking for a house to buy and potentially flip for a profit, it is important to research local zoning laws. Every county or municipality may have different regulations which could prevent or limit renovations, additions, or other changes that could affect the value of the property. By checking with the local zoning laws first, potential home flippers can save themselves the heartache of a bad deal. Call the Pros Even if you have experience in home improvements, it's still wise to hire professional contractors for major projects such as plumbing, electrical work, structural changes, and more. Skilled professionals will get the job done correctly and safely while ensuring that your renovation project complies with all applicable laws and regulations. Make It Sparkle When you're ready to put up your property for sale or rent, don't forget about deep cleaning. A good vacuuming and decluttering will already go a long way. This is an often overlooked step, but it can make all the difference when it comes time for potential buyers or renters to tour your home since they'll appreciate seeing how well-maintained everything is from day one. Plus, deep cleaning before listing will give you an edge over competing listings on similar properties nearby. Market Your Property When it comes to flipping a house, successful marketing can be the difference between making a profit and taking a loss. Utilize all available channels to get the word out about the property, such as listing it on online real estate sites, reaching out to local Realtors for referrals, and utilizing social media platforms like Facebook and Instagram. Host an open house or organizing events at the property to generate interest. Invest in professional photography, staging, and open-house support to increase visibility. Additionally, make business cards, which can help spread the word about your listing quickly and easily. Make sure your cards include information about what makes your property unique, such as its location or amenities included in the sale/lease agreement. Alternatively, reach out to Clark Real Estate. We can manage your property for you in the Reno and Sparks areas. Study Online to Save on Costs If flipping houses isn't enough money for school tuition, you can always take classes online. Whether you want to earn your bachelor of education or your master's in accounting, virtual learning has become popular in recent years due to its convenience and flexibility when compared to attending full-time in-person classes. Moreover, online degree programs can cost significantly less, which means your tuition budget goes further. Flipping houses to help pay for college can be a lucrative undertaking. With careful research and planning, it can be an incredibly rewarding venture both financially and emotionally. Whether you're looking to pay off student loans or save up money for tuition costs at college, flipping houses can be a great way for adults to return to school after years away from the academic world. Image via Pexels If you are a new landlord and don’t know much about renting to tenants with kids, you should check out our article and learn valuable tips.  While it’s natural to have concerns about kids being noisy and messy, the solution is not to ban them from renting. Renting is one of the most sought-after businesses today. And it makes complete sense—people like not having to work 9 to 5 and being their own boss. Renting gives you the freedom you don’t have with a regular office job. Not to mention that it can be a really lucrative endeavor. So, it’s no wonder people rent their guest rooms or convert their garages into small apartments. While all this sounds great, it doesn’t mean there are no bumps in the road when it comes to renting business, especially when it comes to renting to tenants with kids. This subject has been debated a lot, simply because some landlords often need help when renting to families with kids, especially really young ones. So, if you are a new landlord and are stressing about renting to tenants with kids, you should check out this article and learn a little more about that topic. Don’t discriminate First and foremost, you cannot discriminate against families with kids. Not only is it morally wrong, but it is also forbidden by law. While it’s natural to have concerns about kids being noisy and messy, the solution is not to ban them from renting. Chances are the parents will be responsible and make sure their kids don’t break anything or cause problems. If you are still on the fence about renting to tenants with kids, try to look at it from an economic point of view. Not renting to families with kids significantly lowers your income. Millions of people with families today are renters; there are single mothers and fathers with kids. Completely cutting off this type of renter can be a financially terrible decision for you.  When renting to tenants with kids is important to maintain a good healthy relationship with them Do work on a relationship with your tenants One simple way to calm your nerves about tenants with kids is to simply talk to them. Try and start a healthy, friendly relationship with them. Share some of your fears with them and explain why you were hesitant to rent your property to them. Most tenants will be understanding. Especially those with kids. It works in their favor to have a good relationship with you. People who have kids don’t want to risk being kicked out of a property due to their kids misbehaving. They prefer being able to stay in one place for a long time because they want to give their kids stability. If you want to get off on the right foot with your new tenants, you can help them settle in. For example, if they are moving to Nevada and hiring movers, you can offer some advice. Tell them to let experts jump in and deal with a moving process and offer to connect with a trusty Nevada moving company you have hired before. Don’t be unpleasant to them Sometimes you might not really want to rent to tenants with kids even if it could be financially great for you, but due to anti-discrimination renting laws, you will have to. This can naturally be really frustrating and make you feel angry. However, taking this out on your tenants would be a horrible mistake. Your frustration is no excuse for being rude and unpleasant to them. It is not only wrong, but it can also be really bad for your business. One of the keys to success in the renting business is leaving a good impression and getting good reviews and feedback from past tenants. When a landlord behaves badly towards his tenants, it reflects poorly on his business. Bad reviews from tenants are really damaging and can turn people away from renting your property.  Put locks on kitchen and bathroom cabinets to make them more child-friendly Do make your property child friendly You can make your property child-friendly in a few simple and affordable ways. This is a nice way to make your tenants feel welcomed and to make sure your rental is safe. The first thing you can do is get cabinet locks. They will make sure little kids can’t reach any potentially dangerous items or liquids in kitchen and bathroom cabinets. These locks are affordable and easy to find in stores. The next thing you can do is get covers for electrical outlets. Electrical outlets can be really dangerous for little kids, so it’s better not to risk it. These covers are also affordable and easy to find in stores. And, finally, don’t forget safety nettings for windows. Kids always run around, and these settings make sure they don’t fall out of a window. This will leave a good first impression on your tenants and attract others to rent from you as well. Do be understanding when renting to tenants with kids No matter how responsible the parents that are renting your property with their kids usually are, they might struggle a little during the first few weeks in a new home. This is a big change for kids, and they might be a little noisier or messier due to stress. According to experts at Best Long Distance Movers, moving, especially long distance, is really stressful for kids, and they should be given time to settle in. Try and remember this during those first few weeks. Chances are that once kids settle in, there will be no problems. However, if the bad behavior continues after that, you have every right to raise your concerns and, in the worst-case scenario, evict the tenants. Be patient and understanding but still set boundaries and house rules.  Kids might be a little messier and noisier during the first few weeks In conclusion
These are some basic dos and don’ts of renting to tenants with kids. As you can see, it can be challenging at some points, but it’s not unsolvable. The key is to be welcoming and understanding but up to a point. There should be mutual respect between you and the tenants. It’s best to talk everything through right at the beginning. Be honest and upfront and expect the same from them. Also, don’t forget the financial element and the importance of getting good reviews from your tenants. Photos via: Pexels Pexels Pexels Pexels Not owning the property doesn't mean you can't give it your personal touch. Here's how to make your rental feel like home!  Even though you might not own a property, it's only natural to wish it feels yours while you live there. However, this can be challenging for renters in many ways, as renting comes with specific rules. For example, many landlords have a rule against nails on the walls for hanging artwork. That's why it's vital to ask your specific questions to your landlords before you choose the property, as you're the one who's going to be living here. For that reason, we create a list of ways to make your rental feel like home. Some of these ideas will help you feel more "at home" after a long day at work and simply help you enjoy the space more. Make your rental feel like home: Directions Renting a home or apartment can be an excellent option for many people as it gives you freedom and flexibility. Still, it can also feel temporary and lack a sense of belonging. However, for many people, renting is the only convenient option at the moment or the only one that's doable. So, if this is the option you're going for, and you wish to move to a new city and start fresh there, we say: Go on! Once you pack your belongings, find a team you can trust to transport your belongings safely, and say goodbye to your loved ones, you'll experience a mixture of feelings. In all of that, it's essential to be organized and stay on track. So, once you hire interstate movers for your California-Nevada move, it's time to focus on how you'll get a hold of your life in a new home and environment. Therefore, if you're looking to make your rental feel like home, there are several simple and cost-effective ways. Personal touch One of the most effective ways to make your rental feel like home is to add personal touches throughout the space. For example, hang pictures of your family and friends, put up artwork that you love, and display sentimental items like family heirlooms or vacation mementos. These personal touches will help make the space feel more like your own and add a sense of warmth and comfort. In addition to hanging pictures and artwork, there are many other ways to add personal touches to your rental. For example, consider adding throw pillows or blankets in colors or patterns you love or decorative accents like vases or candles. These small details can go a long way in making the space feel more like home. Also, magnetic frames are a good solution if landlords aren't keen on putting nails into walls. Creativity when it comes to storage space Maximizing storage is key to making any space feel more organized and efficient. If your rental lacks built-in storage, there are many ways to create additional storage solutions. Invest in furniture with built-in storage, like a coffee table with drawers or a bed with storage underneath. Alternatively, you can use creative solutions like under-the-bed organizers for this purpose. Another tip for maximizing storage is to declutter regularly and eliminate items you no longer need or use. This will help free up space and make the room more open and welcoming. Lighting is the key Good lighting can make a huge difference in how welcoming and comfortable a space feels. If your rental has harsh fluorescent lighting, consider replacing it with softer, warmer tones. You can also invest in floor or table lamps to create a more cozy atmosphere. In addition to replacing the light bulbs, you can also play around with the placement of your lighting to create a more inviting atmosphere. For example, you could add a dimmer switch to your living room to create a softer, more relaxed feel or use floor lamps to add a warm glow to a bedroom. Plants will make your rental feel like home instantly Adding a touch of greenery can bring life to any space and make it feel more welcoming. Choose low-maintenance plants like succulents or herbs that can thrive in your rental's lighting and temperature conditions. If you don't have a green thumb, consider getting a plant known for being easy to care for, like a snake plant or a peace lily.  Having plants in your rental will instantly give it a more homey feel. Plants add a touch of nature to your home and have many benefits. For instance, they can help to purify the air, reduce stress, and even improve your mood. So not only will they make your rental feel more like home, but they may also improve your overall well-being. Invest in comfy furnishings Having comfortable furnishings can make a big difference in how much you enjoy spending time at home. If your rental came furnished and you chose it based on its staging, you might not have much control over the furniture choices. However, you can still make the space more comfortable by adding throw pillows, blankets, or even a rug to make the furniture feel more inviting. If you have the option to bring in your furniture, consider investing in pieces that are both stylish and comfortable. A cozy couch can make a huge difference in how welcoming and relaxing your home feels. Have a home office If you're working from home, having a dedicated workspace is crucial. Set up a desk or table in a quiet corner of your rental and add personal touches like plants or artwork to make it feel more like your own. Setting up a home office can help increase productivity and create a separation between work and leisure time. So whether you're working on a laptop or a traditional desktop computer, it's important to have a comfortable and functional space to work.  A dedicated workspace will help you make your rental feel like home. Don't forget the outdoors If your rental has a balcony, patio, or yard, make the most of it by adding furniture and decor to create a comfortable outdoor living space. Consider investing in a small grill or fire pit to make the space more inviting and enjoyable. You could also add some potted plants or hanging baskets to bring a touch of nature to the area. If you don't have a lot of outdoor space, you can still create a welcoming area by adding some seating and a small table. This could be the perfect spot for enjoying a cup of coffee in the morning or relaxing with a book in the evening.  If your rental has even the smallest outdoor space, take the most out of it and make it your morning coffee sanctuary. The takeaway from how to make your rental feel like home
Overall, your wish to make your rental feel like home isn't impossible. There are many simple, cost-effective ways to make your rental feel like your own. By following some (or all) of our tips, you can turn your rental into a comfortable and welcoming space that pictures your personality and that you love spending time in. Photos used: Pexels Pexels Pexels Pexels From signing a rental agreement to choosing roommates, here are the things you need to know about renting to roommates as a landlord.  Living with roommates can be challenging. However, as a landlord renting to roommates, things become a little more complicated. You will have to carefully write a lease or a rental agreement. As a landlord living with a roommate, you still have the same rights as if you were renting out the entire unit to them. But there are more things you will need to keep in mind so you and your tenant can be happy. Things such as house rules are essential in situations like these. Let’s see what the most important things to know are. Renting to roommates: a lease vs. a rental agreement A lease versus a rental agreement – which is the right choice for you? Although many people think they are the same, they have one key difference. What makes one different from the other is the time for which you will be renting it out to them. A lease is signed for a more extended period than a rental agreement. A rental agreement lasts much shorter than a lease. It is usually signed from one month to the next. With the rental agreement, you can change the terms before you renew it. And, with a lease, you can’t change the rent price until it is over. A lease can give you security for a more extended time. You don’t have to look for a new tenant and have secured income for a while. But, as a landlord renting to roommates, a better choice may be signing a rental agreement. In case you don’t like living with your roommate, it makes it easier to part ways. The fact that you rent to your roommate does not give you the right to evict them if you do not like living with them. That’s why a short-term contract is the better option for you. You can change the contract terms for the upcoming month if there is anything you wish to change.  A lease or a rental agreement is a must when renting to roommates What you need to have in your rental agreement or lease In your rental agreement or lease, you can add helpful information for you and your roommates. Most importantly, it should contain the cost of the rent. Aside from that, you can have it written down when you want the rent to be due. If you want your roommate to leave a security deposit, write this down. You must, of course, include some basic information about yourself and your roommates. You can use this opportunity to write down some basic ground rules. Write down on what date your new roommate can move in. As experts from statetostatemove.com advise, staying organized during the moving process is crucial. Your new roommate will move in stress-free and can start unpacking on schedule. For example, you can write down whether pets are allowed and under what terms. Another essential thing to include is maintenance. Even though you are living together, you still have to give them notice. You will have to tell them whenever you want to do repairs, upgrades, and other maintenance. Write down the number of days you will let them know beforehand. In the agreement, you can talk about basic house rules. You can write down things such as whether smoking is allowed or not. When you clearly define these things beforehand, you ensure you don’t encounter any problems later.  Choose a roommate you can trust Choosing a roommate as a landlord Finding the perfect roommate may seem impossible at times. When renting to roommates, you want to live with someone you can trust. Plus, you want to live with someone who keeps their home as tidy as you do. All of this may seem challenging to find in one person. However, with careful selection, you can find the ideal roommate to rent to. Before you make a final decision, contact them a couple of times. You want to see what kind of person they are and whether you have a similar lifestyle. Ask questions to see how reliable and trustworthy they are. You don’t have to be friends and like the same things. However, having the same viewpoint on parties and house guests is essential. Even if someone seems like the perfect roommate, talk with multiple people. In case your first choice of roommate backs out, you will have someone else to call. You might be pleasantly surprised and find someone better than your first choice. Either way, you will be more comfortable with your roommate choice when you know you took the time to meet multiple people. One of the things that can help is to ask them for references. You can ask their friends or former roommates for their input. You will feel good about your choice when you know some people can say positive things about your new roommate.  Interview a couple of people before choosing a roommate Be prepared for emergencies
Sometimes, things don’t go as planned. There’s always a chance of your roommate suddenly leaving. They may accidentally cause damage to your property. That’s why being prepared for emergencies is very important. A security deposit is a valuable tool for securing the safety of your property. If your roommate moves out and doesn’t fix any damage they may have caused, you will be prepared. You won’t have to break the bank to get your property in good shape for your next roommate. As a landlord, it’s best to leave some money aside if you can. Finding a new roommate can take a long time. And, during this time, you want to be secured. That’s why creating an emergency budget for this problem is crucial. Even if you find the perfect roommate, it’s still a good idea to have a lease or rental agreement. This will give you safety as a landlord. To sum up Being a landlord and renting to a roommate has its challenges. It is much different from a couple of roommates living together and paying rent to their landlord. You will have to be more careful with your choice of tenants. And you will have to find the fine line between being a landlord and being a roommate. But this doesn’t mean that being a landlord and a roommate simultaneously is impossible. It can be great. When renting to roommates, all you have to do is carefully select them and sign a contract. Now, you know you are secure and have found the perfect person to live with. Photos via: Pexels Pexels Pexels Pexels Besides shelter, your rental property should keep your tenants secure. Read on to learn how to improve the safety of your rental.  We all want to live in a safe place, but as a landlord, you are also responsible for maintaining the safety of someone else's home. You also have an obligation to protect your business's valuable assets. You have a legal responsibility to take reasonable precautions to keep your tenants' homes secure because a break-in is upsetting for everyone involved, especially in the case of furnished dwellings. Although it's unsettling to think about, burglaries do happen to people, and ignoring security concerns won't make things better. In order to improve the safety of your rental, you don't have to break the bank, and there are many options available. Secure the door What is the most important thing you provide to ensure the security of your tenants? If the exterior doors of your building are not secured, burglars and other unwanted guests will have easy access to your tenants and their belongings. Make sure the door locks are working, and the doors are closing properly. Deadbolts are a more robust security measure than a doorknob lock alone. It could be a good idea to place a peephole in the door, so your tenants can see who is knocking.  A secure door is the most important thing to provide to your tenants. Keep the windows secure Rental homes may have multiple entry points, including windows. If the windows aren't locked, burglars might easily break into the apartment, especially if it's on the ground floor or second floor. Make sure that all of the locks on your windows are fully operational and in good condition. Add window bars for your tenants' peace of mind. It's possible that some people will turn down your offer just because of how they look.  A proper lock on your windows will drastically increase your rental safety. Set up smart locks Smart locks require tenants to enter a PIN to enter their homes. Some people want a key fob in addition to the code for further security. These smart door locks are useful for evicting tenants when their lease is up. To prevent the previous tenants from entering, update the code. If you frequently lose your keys as a renter, this is a great solution. They need only learn the code once to never be shut out again. You'll also benefit from this excellent news because you won't need to employ a locksmith or grant them entry to your property. Add to or improve the lighting Having adequate lighting is a simple way to improve the safety of your rental. Safer pathways and more aesthetic outdoor areas are two benefits you can reap from installing automatic lighting. Having a safe rental will usually retain your tenants longer. Look around the rental property after dark to see if there are any areas that could benefit from extra light. Make sure there is sufficient lighting around your home to see everything on the property, even if your tenants don't turn on their outdoor lights. Pathway lighting will ensure the safety of residents walking to and from their homes after dark, and floodlights are an excellent option for lighting the sides of a structure. Think about installing solar panels to cut down on your monthly energy bills. Set up surveillance cameras Formerly prohibitively expensive security camera installations are now more affordable for homeowners, giving you and your tenants more peace of mind. Tenants are prohibited from installing security cameras inside their unit, although they can be used to monitor the front door, stairwells, and back of the building. Because of this, cameras are effective even when they are not actively recording.  As security cameras are more affordable nowadays, there’s no reason not to have some at your rental property. Establish a safety system
A security system is an expensive investment, but it will help you feel protected in your own home. You can find a security system that fits your needs and budget since there are several options to choose from. You also have the option of choosing a home security company. As there are many of them to choose from, you should find an adequate solution to your problems and needs. Door and window sensors, smoke detectors, and motion-detecting lights are all essential components of a comprehensive security system, so keep those in mind while you shop. DIY security devices are convenient since you can easily set them up and access them from afar. As long as you're connected to the device, probably through an app on your smartphone, you'll be able to use it. Monitoring costs are usually not too high on a monthly basis, although some tenants may be willing to pay more for peace of mind. Make exit points accessible One easy way to deter unwanted visitors is to maintain a spotless entrance and exit to your rental home. Trim massive bushes, so they don't block the view of your house from the street. If you're worried about potential criminal activity, you might want to install surveillance cameras at the entrances and exits of your property. By keeping all exits and entryways unobstructed, we ensured that first responders could get to the scene quickly and residents could get out safely. Employ the services of a property manager Hiring a property manager can give you peace of mind whether your building is empty or occupied because they will be responsible for the building's upkeep and security while you are away. Experts at consumeroponion.org suggest that you look for different providers and services online. A property manager can help with issues like maintenance, problem-solving, and security if you are unable to be physically present at the rental property. If you want to make sure your rental property is in good shape and improve the safety of your rental, you can ask the property manager to do random inspections on the tenants. They might even show up when the place is deserted to send a message to would-be burglars that someone is keeping an eye on things and using the space. At the end of a lease, collect all keys Never allow your renters to leave with the keys to your rental property after they have moved out. While your renters may have been reliable and pleasant, you never want extra keys lying around. You never know where the keys will wind up. When your renters leave, meet with them to inspect the unit and hand over the keys. It may take a few hours out of your day, but it will significantly improve the safety of your rental. Photos via: Unsplash Pexels Pexels Unsplash Are you ready to create a perfect home office in your new residence? Here’s how you can do it in a few simple steps.  Whether you're just starting your own business or have been working from home for years, having a home office in your rental can make working from home more enjoyable. Whether you're renting an apartment or a house, these tips will help you get set up with the best possible working space.
Choose a good location Once you've decided on the type of space that will work best for your home office, it's time to find the perfect spot. There are many factors to consider when choosing a location for your home office.
It's all about the lighting When setting up your home office, it's all about the lighting. Once you find a new home and start furnishing it, you want to create an environment that is inviting and comfortable for you to work in. To do this, you need to keep in mind the following:
Get creative with storage solutions The first thing you should do is make sure your storage solutions are up to snuff. This can be challenging if you don't work from home full-time and just need the occasional space to work on some paperwork. But it doesn't have to be impossible. For example, if you have bookshelves at home already, consider using them as storage for your office supplies instead of in the living room where they usually go. It will save space and keep things organized. Another thing you should consider is using a small table in your living room. It would make an excellent surface for storing paperwork or other materials that are easy to reach. If neither of these options works for you, try hanging a shoe rack from an unused wall; this is especially helpful if your rental unit has limited closet space. Finally, if all else fails, plenty of wall-mounted shelves are available online that can make bare walls look like they were meant specifically as storage spaces! Invest in quality furniture When setting up your new office, it's crucial to invest in good quality furniture that will last. You want to be able to enjoy your space for a long time! Before buying furniture for your home office, consider the following:
Decorate with plants and other natural elements For all of these reasons, it's important to decorate with plants and other natural elements. Plants can help improve air quality, reduce stress, purify the air, and save money on heating and cooling bills. On top of that, they can also help you cut down on your energy bill by providing shade from the sun and a break from the wind. This is particularly useful if your office doesn't have much ventilation. The benefits of incorporating plants into your home office design don't stop there! They give off oxygen which helps keep us alert. And if you're a plant person like me, then it's nice having something green around too. Choose a neutral color scheme for your walls When renovating your new home, especially the home office, consider choosing a neutral color scheme for your walls. You want to choose a color that will go with anything and one you won't be tired of looking at years later. For example, some prefer bright colors like red or yellow in their home offices. Mainly because they feel more energized when they look at them. However, if these colors aren't your style or don't reflect your personality well enough, the room may not feel like yours. It's better to choose something neutral, like white or light gray, so it can complement any decorating scheme without being overpowering or distracting from other elements in the room. However, if you have time to plan when you move into your apartment space (or even tap into your creative side), consider painting one wall as an accent color. This way, it won't detract from anything else in the room but adds another dimension for visual interest! Final thoughts We hope that these tips have helped you get started on creating your dream home office. Remember, there's no right or wrong way to do it! As long as you take the time to think through what kind of space best suits your needs and how you want it decorated, then any mistakes along the way will be easy enough to fix. Most importantly, you enjoy working in this space so much that it feels like home, even when you're not at home. Photo via Unsplash Want to keep tenants on your rental properties? Read this list of 7 ways to raise your tenant retention rate now!  It’s the priority of every landlord to keep high-quality tenants in their properties. Tenants that don’t cause trouble and always pay their rent on time. That said, however, you won’t be able to find perfect tenants every single time. Still, it’s also important to remember that tenant turnover is one of the most expensive parts of rental properties. As such, landlords generally need to avoid tenant turnover as much as possible. To help you with this, we’ve put together a list of 7 ways to raise your tenant retention rate. Thoroughly screen tenants before accepting them First up on our list of the seven ways to raise your tenant retention rate is finding good tenants in the first place. Screening your tenants before allowing them to stay on your property is the best way to ensure they won’t cause trouble and you won’t have to kick them out. So, do a background check, verify their income and look into some tenant references. When talking to the tenant references, ask them questions such as: were there issues with the tenant, did they pay rent on time and in full, how did they maintain the property, and would they rent to this tenant again? If you don’t like what you hear, it’s probably best to decline the tenant. Additionally, consider some staging tips for your rental property to attract tenants in the first place.  Thoroughly screening your tenants beforehand is an excellent strategy. Keep rent increases consistent and fair As a landlord, one of the priorities for your rentals is to bring in profit. As such, it’s understandable that, over time, you’ll increase the rent rates to stay profitable. However, prices rising suddenly and by too much can scare off a lot of tenants. Try to keep the increases smaller and introduce them over more extended time periods. Additionally, do market research and justify your reasons for increasing the rent. A good rule of thumb is to keep the rates lower than market rates and implement them slowly. Additionally, experts from Peasley Transfer & Storage advise that, if you do have to turn over a tenant, there are benefits to having a storage unit on standby. A bit of extra space never hurts. Give incentives for lease renewals One of the most important ways to raise your tenant retention rate is to give incentives for lease renewals. After all, your tenants renewing their lease means they will stay on your property, which should be a priority. The most effective incentive is, of course, a discount on the rent. However, this isn’t always an option, and you must get creative. For example, you can consider partnering with companies to offer your tenants deals and other similar things. Remember, you need to keep your tenants interested, so whatever offer you make, you need to make sure it’s something they’ll consider.  Incentives are a great way to keep tenants interested in your property. Keep an eye on the rental markets Local amenities are a big part of retaining your current tenants. If your properties start to get outdated, tenants will look for better places to stay, and you will lose them. As such, it’s essential to constantly monitor the local rental markets and stay up to date with your properties. Remember, upgrades to your rental properties are investments and will pay for themselves in the long run. Of course, questions like should you install smart technology in your rental property are good to ask. But, generally speaking, the answer is usually yes, especially if other properties in the area are starting to do it. Make maintenance a priority Nobody wants to stay on a property that is falling apart, and that’s completely understandable. This means that you should always prioritize maintenance for your rental properties. Be proactive with your maintenance, and make it a routine that you stick to. If some unexpected problems occur, whether it’s a complete accident or the tenant’s fault, make sure to fix them as soon as possible. Of course, avoiding emergency repairs is the best way to deal with them, and if a tenant notifies you of an issue, it’s important to answer promptly and get it fixed. This also builds trust and shows that you are a professional, which are both excellent for tenant retention. Finally, if you need to change the flooring on your properties, consider how to choose the right flooring for your rental property. These things are going to keep your tenants happy and in place.  Proper and timely maintenance is excellent for tenant retention rates. Provide quality customer service
No matter how you look at it, customer service is essential for all businesses, and rentals are the same. If your tenants feel heard and valued, they will likely stay on your properties. This starts as early as their move-in date. You must provide all the information your tenant needs to move into the property. From there on, make sure to listen to their requests and worries and reply promptly. If any sort of issue arises, answer them as quickly as possible and see that they’re solved just as quickly. And when dealing with problems or general maintenance, keep your tenants updated on the progress. Remember, everyone likes being heard and valued, and it goes a long way for your tenant retention rate. Be professional but also personable Every landlord has measures and punishments for damage to the property, missed payments, and other issues. It makes sense, as they need to enforce the lease rules to stay in business. However, remember also to be understanding with your tenants. For example, if your best tenant happens to miss a payment, try to check in with them. See what the problem is and try to find a solution instead of immediately resorting to punishments. 7 ways to raise your tenant retention rate – wrap up Landlords need to ensure their tenants stay on their properties to avoid losing profit. Thankfully, there are quite a few easy ways to increase retention rates if you’re willing to put in a little effort. We hope that this list of 7 ways to raise your tenant retention rate helps you out. Photos used: Pexels Pexels Pexels Pexels There is no universal solution to this issue. Many factors come into play if you should install smart technology in your rental property, including the type of rental property you own, the number of units in your building, and the preferences of your tenants. Landlords who want to improve their property's efficiency and the quality of life for their renters may find smart technology a worthwhile investment. But it is essential to weigh the benefits and drawbacks of any smart technology solution before making a choice. Landlords should carefully consider their options because there are many ways to accomplish the same goals without spending money on smart technology.  How does smart technology function in a rental?
Electronic plug adapters and freestanding sensors are external devices that can provide the same functionality as a system hardwired into the house's structure and managed from a central control panel without requiring installation or rewiring. These home automation systems help people build "smart" homes that can be controlled by an app on a user's smartphone or tablet over a wireless, direct connection. Builders and investors in the rental market are weighing the pros and cons of installing smart home automation systems to, among other things, attract tech-savvy tenants who are willing to pay higher rents and to more actively manage maintenance, increase security, and prevent property damage. Renters who want smart home features but whose landlord is unwilling to provide them can save money by buying their own devices that won't void the lease or cause damage to the property. Now, let’s go over some pros and cons of smart technology in rental properties: Pros: Safety in the home is enhanced through automation. If you want to keep an eye on the safety of your property's perimeter and prevent and lessen the impact of structural issues like leaking pipes, then you should set up cameras and sensors. All Season Movers can give you plenty of helpful advice if you're moving to a new, unfamiliar neighborhood. Security systems give tenants peace of mind and assist in preventing unwanted intrusions, but the level of protection they offer depends on the system's design and implementation. For a studio, a door sensor and a smart security camera are enough, but for a bigger home, you may need more sensors to keep track of all the doors and windows. Remember that you are responsible for adhering to all laws and ordinances in your area and protecting the privacy of your tenants. Camera installation in a rental property requires confidence on both sides, whether you are the tenant or the owner of the rental property. The renter needs to know that you won't be sneaking around in their home. Automation of energy Another reason to install smart technology in your rental property is energy automation. Smart technology can alleviate landlords' concerns about their tenants accidentally leaving lights on or the temperature set too high or too low while they are away at work or on vacation. The smart lighting, thermostat, and plug systems all aim to control the temperature in a room, turn off individual outlets, reduce energy waste, and protect the environment. There is also the option of installing energy monitors, which can help you save money by tracking energy use down to the individual room level and revealing any potential energy leaks. Smart instruments can reduce your maintenance costs by hundreds Water collecting in one spot can become a serious issue soon. Unfortunately, problems that begin anywhere (the basement, a tenant's washing machine, or even beneath their sink) may go undetected for long enough to cause significant harm. Smart moisture sensors are affordable, hassle-free insurance coverage that you may install in such areas. With this gadget, you'll be notified as soon as an issue is detected, potentially saving you hundreds of dollars on maintenance. Moisture sensors can be a lifesaver if you own a property with a basement or another potentially hazardous area that isn't monitored or used daily. Cons: Where do you stand with your online connection? If your Wi-Fi connection is weak, your smart devices won't be able to do their jobs properly, defeating the purpose and making life more difficult for you. Before installing smart connections, you should make sure that your community has the necessary connectivity to support them. Concerns about safety One of the cons of having smart technology in your rental property is the question of safety. While smart technology has the potential to enhance the safety of a rental property, it also presents its own set of challenges in this area. Theft may occur, for instance, if you're renovating, so renting self-storage can be a great solution for your items. To mitigate this risk, landlords should only deploy smart devices that have been thoroughly researched for vulnerabilities and patched when necessary. In addition to fixing any problems, they should show tenants how to use the equipment correctly. Some risks come with putting smart technologies in rental properties, but you can lessen these risks by taking the proper steps. LEARNING CURVE There is a learning curve associated with using any technology, and for those who aren't up to date on what's possible in the digital realm, smart technology might seem particularly daunting. Because of this, it might help to have analog options for renters who aren't as good with technology or to choose devices with apps that are easy to use. Numerous high-tech home automation products are currently available. There are benefits and drawbacks to installing smart technology in your rental property. Research the products and manufacturers to find the best fit for your needs before making a purchase. Well-implemented technology may make a landlord's job easier. If you put in the time to learn about your demands and those of your tenants, you'll be able to zero in on some fantastic technological options for your rental home. Photo Credit. |
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