Being a landlord can be a profitable venture, but it comes with its own set of challenges. Thankfully, there are plenty of technological solutions that can help you maximize your profits and make the management of your properties easier. Here are some tips on how to use technology to be a successful landlord, courtesy of Clark Real Estate.
Utilize Virtual Property Tours
Maximizing profits as a landlord can be accomplished with the help of technology, such as taking advantage of virtual property tours. By providing potential tenants with an immersive experience without the need for a physical tour, landlords can easily advertise their properties and stand out from their competitors. Visit online rental listings to learn how other landlords are using virtual tours to showcase additional amenities and features that might not be visible in photos or videos.
Invest in Accounting Software
Accounting software is essential for any business, especially when managing rental properties. It allows you to track income and expenses, create invoices, and manage taxes easily. Investing in accounting software will save you time and money in the long run by streamlining all of your financial operations.
Offer Online Payment Options for Tenants
Utilizing simple and secure payment platforms makes it easy and convenient for tenants to submit their rent on time. Online payment systems also provide landlords with detailed records of transactions, allowing them to easily track payments and protect against any disputes or charges from tenants. Additionally, providing online payment options encourages tenants to stay in good standing with their rent payments and demonstrates the landlord’s commitment to modern technology solutions.
Install Smart Thermostats and Fire Alarms
Investing in smart technology like thermostats and fire alarms can be a great way for landlords to maximize their profits. Smart thermostats, for example, allow landlords to easily adjust the temperature of their rentals remotely. Fire alarms provide the added security of knowing that your tenants are safe from danger. Installing these kinds of smart technology may require an initial cost, but they can be worth it.
Streamline Tenant Applications and Background Checks
Online platforms automate the tedious task of manually processing applications, allowing landlords to save time and effort. Additionally, online background checks provide detailed information about rental applicants so that landlords can make informed decisions quickly and accurately. Utilizing these types of online services can give landlords an edge over their competitors in the rental market.
Register Your LLC Online
Setting up your LLC online with a formation service is a convenient and efficient way to establish your business entity. By using a formation service to form an LLC, you can protect your assets and limit your liability. Additionally, integrating technology into your rental property management can help you streamline tasks, improve tenant communication, and boost overall efficiency.
Utilize Digital Documents for Easy File Access and Sharing
Utilizing digital document storage can be an excellent way to make file access and sharing easier. By keeping all relevant documents in one centralized location, you can save time and minimize errors. Additionally, this approach enables secure and efficient sharing of documents with tenants, property managers, and other stakeholders, ultimately improving collaboration and increasing overall efficiency. Something to bear in mind: if you work with multiple file formats across various platforms long enough, you might encounter a situation where you need to rotate a PDF. If so, this site could be helpful, and it’s free to use!
In summary, the integration of technology in managing rental properties can offer numerous benefits for landlords. Leveraging technology in managing rental properties can help landlords increase their profits, enhance tenant satisfaction, and streamline their operations. Whether you’re forming an LLC online or creating virtual tours, embracing technology can help landlords achieve greater success in their rental property business.
Clark Real Estate, experienced in helping buyers to build and manage their real estate portfolios for decades. Call (775) 828-3355.
Image via Pexels
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 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.
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.
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.
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.
Well, entertainment is the word that best describes life in Reno, NV. This is the city where the fun never stops.
Homesteads throughout Nevada have a lot of potential opportunities. The state’s primary cash crop is alfalfa hay. However, various other crops also grow well where irrigated, despite Nevada’s arid climate. These include potatoes, barley, winter and spring wheat, corn, oats, onions, garlic and honey. Raising livestock, however, is the primary way homesteaders and farmers can sustain themselves.
But what if you wanted to go beyond personal sustainability and create an income from your family homestead? The good news is that this is possible with a little hard work and determination. Clark Real Estate shares some insights.
Legally Set Yourself Up for Business
It isn't enough to want to create an income; you'll need to set yourself up for business legally. You may consider forming a limited liability company, which allows for several advantages when compared to other business types. Although you could use a lawyer, they come with a hefty price tag. Consider saving money by filing yourself or using a formation service. Each region has its own rules regarding the formation of a limited liability company, so be sure to research the regulations in your area before moving forward.
Secure Funding for Expansion and Marketing
There are a few options for funding your business. For example, you could take out a business loan, borrow from your personal savings, or ask for help from friends and family. If you plan on getting a loan, make sure your credit history is in order. However, one of the best ways to secure funding for your new agricultural business is through grants. Finding a grant you qualify for can be challenging and take time, but it's well worth it.
A few tips to help you on your grant-funding journey include:
Market to Attract Customers
Marketing your products to customers is crucial. It doesn't matter how great your local, organic honey or grass-fed beef is if nobody knows it exists. Take time developing a marketing strategy with a high return on investment (ROI) that doesn't stretch your resources too thin.
If you're adding images to your marketing materials or communicating with a designer, consider compressing your JPG files to make them easier to email. However, be wary of compressors that degrade the quality of your files. Instead, use a JPG-to-PDF converter that will preserve your image's quality and allow you to convert several at once.
Outsource Relevant Tasks to Save Time
Numerous small businesses have turned to outsourcing certain tasks. It can be more affordable than hiring a part or full-time employee in some situations. Running a homestead and selling your agricultural products is a very hands-on business that doesn't seem to leave much room for remote workers.
However, there are several tasks you could outsource. For example, you could outsource your website design, marketing, and content creation. You could even hire a virtual personal assistant to help organize and handle your online business. You can find freelancers for these positions on sites like Upwork and Freelancer.
You Can Create an Income From Your Homestead
If you want to go beyond self-sustainability and create an income from your homestead, it's possible. You just have to take the necessary steps to market your agricultural products and legally set yourself up for business.
If you’re searching for a homestead property in the Reno area, reach out to the professionals at Clark Real Estate for all your real estate needs today!
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.
Clark Real Estate
305 W. Moana Ste C
Reno, NV 89509