Cork and Rick Clark grew up in Reno, Nevada watching their father build and invest in real estate. They felt very fortunate to not only enjoy the direct benefits but also for the opportunity to learn about real estate investing.

"He paved the way and showed us the financial rewards," Rick shares, "Pops taught us the importance of a strong work ethic. If you want to be successful, you need to be on the job everyday."

The Clark family motto if we are going to reach a particular goal, you MUST be consistent by being on the job and working diligently everyday got the brothers through the 2008 crash, and lead their property management  company  into record-breaking growth and momentum.

Cork and Rick have used their knowledge of real estate and expertise in construction along with their unwillingness to sit still to build Clark Real Estate to over 700+ doors (households) under management.

Their favorite part of managing properties and real estate investments is that every day is different,   every project is different, every house is different. They get to problem-solve every day--either from the office or out at a construction site. Their father and uncle, now in their 80s, modeled how to successfully work as brothers, and they have enjoyed working as a team. "Knowing somebody's got my back and that we have the same goals is the best part about working with my brother," Cork says. Rick is the second of seven children, and Cork is the younger brother as the fifth child.

The Clark brothers got started in real estate investing and property management by way of the construction industry. They had been in the construction industry since they were teenagers. With the construction experience "we could visualize firsthand all the possibilities," Rick says.

"We would look for the biggest problem property in a neighborhood," remembers Rick, "we would make offers on properties that weren't for sale." It wasn't long and the brothers had a handful of renovated properties that now needed to be managed. They started a property management company and took on leasing and maintenance for other real estate investors.

"No one knows the community better than we do. We're lifers," Rick smiles.

"We're hands on. We've started from the ground up. There are very few aspects of the real estate and investing game that we have not experienced first-hand," adds Cork.

Clark Real Estate brings drive and enthusiasm to folks looking to invest in the Reno area. Would you like to see their Map for building your real estate investment portfolio?

Let's start with the scope of things. Just how much could the Tesla Gigafactory ignite Reno's economy and housing market?

Here we see why they don't call it a factory, but a gigafactory:

Let's just talk in terms of physical size. What does a structure that size do to an economy? It brings immediate jobs in the construction of the structure, it maintains jobs as a whole workforce is needed to run that place, and then it brings tourists--because Reno is now on the map and has one of the wonders of the world (so to speak!).

So what does that mean for your real estate investment portfolio?

If you have any real estate in the Reno area, hold it. Now is not the time to sell, unless you're converting up into more units. If your properties are frustrating and not bringing in a profit, consult one of our property agents. We are happy to give you some pointers on making your investment a success.

If you don't have any real estate in the Reno area, let's get started. The Tesla Gigafactory is scheduled to bring in 6500 jobs ranging from lower-level manufacturing to higher-level engineering and technology. That means a range of incomes and housing needs.

Rental Properties:
Just about ANY rental properties will be a good investment at this time. Look for properties close to major highways, and units that cover their cost today, with the ability to improve and raise the rents in the future.

Fix and Hold and Flip Properties:
Nevada mandated that at least half of the workforce at the Tesla gigafactory needs to be Nevada residents. The other half will need a place to call home! Assume that much of the other half will be higher level engineers, scientists and inventors. While Reno is striving to offer the best in Sciences and Engineering education, the Tesla factory will need the best of the best in 5-6 years. Look at properties with that timeline in mind. What improvements can be made to a property with a 5 year budget, and with a tenant in place for much of that time? Look for neighborhoods with artists and innovators; neighborhoods that are just starting to show improvement is where you'll find the bargains. Start your improvements on the exterior of the property to further advance the revitalization of the neighborhood.

Property Management:
Let the professionals do the day-to-day maintenance and management of your property. It is going to take 5-10 years before we experience the influx of revenue and jobs that Tesla promises. If you are living out of state, there's no reason to take on the hassle of managing your new Reno real estate. With a 5-10 year timeline, it's time to get comfortable, and we can help! With our proven track record of filling vacancies and maintaining properties, Clark Real Estate can turn your real estate investing dream into a reality.

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!