There's a spark, a current, of electricity and excitement in the Reno air as business owners and property owners imagine the possibility of the Tesla Gigafactory coming to town. There is much discussion about state-offered incentives and benefits. Will it be approved? Will the benefits be worth it?

We think so.

In real estate we see the value of new businesses infiltrating a city. We see how home values go up as the supply of inventory is more in demand.

Further, we see how new companies bring in new revenue, that is spent in local restaurants, boutiques and salons. New money helps the local economy, and new people bring a sort of awakening to a community.

We've noticed how new energy invigorates a neighborhood. New and improved landscaping, fencing and front doors suddenly dot a once rundown street.

At Clark Real Estate, we are excited about the possibilities of co-branding with the legendary Tesla. Nikola Tesla* was an underdog who never gave up on his dreams. Reno has been coined an underdog, and now it doesn't have any excuses to give up on a brighter future.

Engineer and physicist Nikola Tesla (1856-1943) made dozens of breakthroughs in the production, transmission and application of electric power. He invented the first alternating current (AC) motor and developed AC generation and transmission technology. Though he was famous and respected, he was never able to translate his copious inventions into long-term financial success—unlike his early employer and chief rival, Thomas Edison. [History.com]

Reno is a great place to own a rental property (or two or three). Over half of Reno's population lives in a rental unit vs. their own home.

Since the economic collapse in 2008, Reno's renter market has changed from short-term tenants to ex-homeowners.

“Everyone’s doing it”—renting, that is! That means it’s a great time to have this hot commodity!

Our three and four bedroom rentals are the first to fill up. If you're looking to purchase another investment rental property, we recommend buying a house with as many bedrooms and bathrooms as possible. Look for new construction or plan to do a full renovation.

Clark Real Estate is a full-service real estate investment agency offering assistance in purchasing and property management of your investments!