​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.

​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.

​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.

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.

​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.

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.

​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.

​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.

​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.

1. For example, your landlord is not obligated to give you your deposit back unless you ask for it. Do not take for granted that you will simply receive it in your mail by default. You need to make sure to communicate this to your landlord before you change your address, especially if you are moving out of state or internationally.
2. In addition to that, read the lease carefully for hidden rules. You might have to pay a certain percentage for the regular wear and tear even if you have cleaned all the areas spotlessly.
3. Finally, if you are thinking of cleaning every corner of the apartment or house thoroughly, you should keep in mind that certain areas are generally in the spotlight. So before breaking your back, use the cleaning hacks in the main areas like the bathroom, the walls, the kitchen, and the floors, and pay a bit less attention to the rest of the home.

 
Meta description: Learn some great cleaning hacks to help you get your security deposit back offered by the experts at Clark Real Estate.

​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:

• Make a purchase
• Find tenants to whom they'll rent out the property
• Make updates with the intention to sell
• Part ways with the property once the prices have gone up and the local market starts favoring sellers

You may not consider yourself a flipper, but in this case, it may be wise to take a page out of their book.

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:

• Wanting to purchase your dream home
• Having to pay your child's college tuition
• Losing your job
• Retiring
• Death of a family member

Whatever your situation, don't rush into making a decision. While the smartest choice may very well be to sell your rental property, double-check it by picking the brain of others. A financial advisor could prove the right person to ask for insight, as they are someone with the knowledge but no emotional attachment to the property. Additionally, if you decide to keep your rental property but have no time to manage it, contacting a property management company in Reno might be the best choice!

​A lot of challenges come with owning and renting properties. From remembering to bill your renters to staying on top of maintenance needs for every property, there is no shortage of things to do. 
 
If you own many properties that you rent out or even just one property, there are a lot of headaches and challenges you can face along the way. One thing you must do as a landlord is make sure the property stays in shape. Amanda Hinson, who rents out a property of her own, says that she must “call on tree trimmers, painters, construction workers, the plumber, and electrician for help with maintenance.  If there's something I can manage myself, I will do the work such as cleaning gutters.”
 
However, when you don’t live near your rented property, it is not easy to find the best options to keep up the maintenance, let alone to do the work yourself. You also can’t check if your renters are following the rules, such as not having more people than agreed upon, or taking on another pet. So how can you live with peace of mind while managing your property? By using a property management service!
 
Reno Property Management Service with Clark Real Estate is a great solution for owners in the Reno/Sparks area. A family business run by Charles and Rick Clark, they will help you rent out your Reno or Sparks property without the usual stress and challenges.
 
When asked why someone should use a property management service, Amanda Hinson said that it was “convenient, low stress, it provides me peace of mind and freedom to manage my personal house more. I can give time to what's really important.”
 
Give time to what is important to you, such as your own home and family, while the professionals help you advertise, collect payments, do maintenance, find good renters, deal with emergencies, and more! 
 
And on the flip side, renters can find property more easily with the Clark Real Estate website. They can find what they are looking for among Clark Real Estate’s options, while you still get money as the property owner. 
 
As Real Estate’s brokers find the best tenants for your properties and find the best properties for tenants using their unique qualification process, start relaxing and doing what feels most important again.

Mortgage interest rates are on the rise. After enjoying a long break from higher rates, home buyers and homeowners are realizing the impact of even small changes in interest rates. True, rates are far from what could be considered high. (As a comparison, consider mortgage rates in 1982-83 being over 16%.)

Currently, every $1,000 of financing a 30 year mortgage costs only about $5 per month. Here's what that means: If your budget allows for a monthly mortgage payment of $1,000 (not counting escrows for property taxes or insurance, PMI or HOA dues) that equates to a $200,000 loan.  If interest rates continue to rise as experts predict, even a 1% increase in rates reduces that $1,000 monthly payment to about $178,000 in financing. That's a difference of about 11% less buying power!  That could mean the difference between the home of your dreams and one you will settle for.

History shows that housing market activity actually goes up when rates increase.  The reason? Buyers realize they may miss out on getting the house they want with the payment they can afford. That results in a higher number of buyers looking at the same time. This drives up prices as more homes are sold with multiple offers.

There are some steps borrowers can take to improve their situation in a rising interest rate market:
1. Get pre-approved by a lender with competitive rates and a reputation of being able to move a loan from purchase to closing in a timely manner.
2. Pull together all the information your lender will need before you get together with them. This will include:

•   2 years of income tax returns with all schedules.
•   W-2's from the last two years.
•   3 months of bank statements.
•   A recent pay stub from your employment.
•   A recent statement from any retirement account or investment portfolio you may have.
•   Award letters, if any income is from Social Security or pension benefits.

3. A list of all your monthly debt obligations such as auto loans, credit card payments, student loans, etc.
4. Be prepared to address any negative items that may be on your credit history.

Having these items in advance will speed up the approval process significantly and give you an advantage in being able to move quickly when the right house becomes available.
Finally, discuss "locking" the interest rate with your lender. In a rising rate market, it is critical to understand the lender's policy to lock in a rate to protect you from changes that could occur prior to the closing of your loan. Typically interest rates cannot be locked until you have a purchase agreement signed by all parties and you have confidence in the closing date as well as having resolved any contingencies such as house inspections.

While rates are rising, it's still an excellent time to invest in real estate. Taking advantage of today's rates will make you look like a genius in the future and you will have locked in a stable payment for a long time to come.

Whether they’re itching for something to do during colder months, motivated by the occasional Saturday when warmer weather prevails, or inspired by a marathon of a favorite DIY show, there always seems to be at least one improvement project on every homeowner’s to-do list.
 
DIY Doubts
If you count yourself among that cadre, it might be tempting to cut costs by tackling every task yourself. But, unless you are a veteran do-it-yourself homeowner who’s had a lot of experience with complex and costly renovations, there are probably some projects that should be left to the pros.
 
For instance, most renovations experts say sanding floors requires a special touch that takes lots of practice to develop. So, even if you are able to rent the necessary equipment at a reasonable price, inexperience may lead to ugly mistakes that can be costly to fix. And, while it might be possible for a handy homeowner to complete simple electrical projects, like installing a dimmer switch or replacing a light fixture, the risk of shock and fire outweighs any cost savings for more complicated wiring projects, according to experts quoted in Architectural Digest.
 
Likewise, they recommend that installing bulky or heavy items, like granite countertops, should be left to those who have the tools and techniques to do so without hurting themselves or the materials they are working with.
 
Easy Upgrades
Still, there are plenty of projects that even novice DIY homeowners can handle with a minimal investment of time and money. For instance, you could install new cabinet hardware and faucets in the kitchen and bath to give the rooms an almost instant cosmetic upgrade. A fresh coat of paint on walls, cabinets, or even a single wall offers much the same effect. And, while you’re at it, consider replacing dingy switch plates and outlet covers to create a clean look throughout your home.
 
Projects to improve energy efficiency also offer an excellent return on investment, with many resulting in savings right away. For instance, adding weatherstripping around doors and windows and installing a programmable thermostat can help you control heating and cooling costs. Replacing conventional light bulbs with environmentally-friendly LED bulbs can cut energy usage and save you time and trouble over the long haul, because they don’t need to be replaced as often. Plus, your local utility company might offer rebates and discounts to help you cover the costs of some of these items.
 
Staying Safe
Even easy do-it-yourself tasks can present some risks and challenges. After all, you may need to mount a ladder to repaint a room or replace a light bulb. And, while a power drill can come in handy for everyday projects like installing a towel rack or hanging pictures on a wall, it can also create homeowner hazards. Before you begin any project, experts recommend that you keep these safety tips in mind:
 
●Wear the right clothes. Avoid wearing jewelry, loose clothing, or shirts with loose or long sleeves that could get caught in equipment. Be sure to wear goggles when you might be exposed to airborne debris, and use earplugs when operating noisy equipment.

●Prep your workspace. For safety’s sake, you need to have a clear work area. Make sure you remove all clutter from the floor and any other spaces you’ll be working in, such as the front or back yard. If you’re doing a major project that spans multiple rooms for longer than a week, you’d be wise to move any belongings that will be in the way to an inexpensive storage unit until the work is complete.
 
●Practice precautions when using power tools. For instance, you should never leave a power tool unattended while it is on. In fact, before you leave your work area, unplug any tools and make sure they are out of children’s reach. Follow the owner’s manuals and any warnings when using, caring for, and storing power tools to ensure they’ll work safely for years to come.

●Keep an eye on your surroundings. Be conscious of sharp objects, power tools, and other equipment in your workspace. Remain aware of other adults who enter your area, and keep children and pets out of the vicinity while you work.
 
●Mind your ladder. Read and follow instruction labels before using the ladder, and make sure you’re using the right ladder for the job. For instance, it’s important to select a ladder that’s tall enough for you to comfortably access the project area and that can bear the weight of you and your equipment, according to its stated weight limits. Finally, be sure to place the bottom one foot from the surface it’s leaning against for every four feet in ladder height.
 
●Have easy access to a first-aid kit, and make sure it is well stocked. You won’t want to treat serious injuries yourself, but scrapes, scratches, bumps, and bruises are common even during successful renovation projects.  

●Mind your ladder. Read and follow instruction labels before using the ladder, and make sure you’re using the right ladder for the job. For instance, it’s important to select a ladder that’s tall enough for you to comfortably access the project area and that can bear the weight of you and your equipment, according to its stated weight limits. Finally, be sure to place the bottom one foot from the surface it’s leaning against for every four feet in ladder height.
 
Following these suggestions about tasks you should leave to professionals, manageable DIY projects, and safety precautions will hopefully help keep both you and your home in good working order for a long time to come.

Which is right for you?

If you are new to the area, new to a job or career, or have less-than-adequate credit, renting may be the best avenue for you and your family. Even if none of the above applies to you, renting has its advantages.

Renting allows:

• Short-term and flexible lease agreements in case you need to or want to relocate in the near term.
• Fewer long-term responsibilities concerning maintenance and lawn care.
• A place to start when you don’t know where to start—whether in location or in creating good credit standing.
• The freedom from a burden of a mortgage and interest payments.

On the other hand, buying a home right now is a great option because interest rates are so low. When you have investment or longevity on your mind, finding a home to own might be your best plan.

Buying allows:

• Monthly payments toward a mortgage to be equal to an investment towards ownership or resale value of the home.
• A sense of permanency and stability in the city for you and your family.
•  Choices in doing what you want in order to improve your home and yard.
• Right now, with interest rates as low as they are and a buyer’s market, the possibility of lower monthly payments than it would be with a rental.

Whether you are in the market for buying or renting a home, our agents at Clark Real Estate want to help you find that perfect place to call home. Stop in or contact us today!