In the world of real estate, having a rental property is an excellent investment. You will benefit not only from long-term investment returns but also from interim income. This is why many investors are looking for rental opportunities. However, being a landlord is not an easy job. It can be pretty demanding at times because it requires many skills and knowledge about real estate. So, if you're having a hard time being a landlord, you should definitely consider hiring professional help. Read this article to find out about 5 signs that show it's time to hire a property manager!
You don't have time to manage
One of the main reasons landlords choose to hire a property manager is they simply don't have enough time to manage their investment. More often than not, being a landlord is not a full-time job, but it sure is time-consuming. It comes with regular responsibilities and requires total commitment. This being said, if you have a full-time job, managing your rental property as a side job can become an issue.
Another problem can appear if you have multiple rental properties. The more properties you're leasing, the bigger management needs you'll have. It's hard to keep up with one; imagine with two or more! Therefore, it's highly beneficial to hire a professional in situations like this.
You have a problem with tenants
Being a landlord means choosing reliable and responsible tenants who will be respectful of your property. Unfortunately, this is harder than you think. As a landlord, you might face a lot of unpleasant situations. Here are the most common examples:
You don't live nearby
Not living in the area of your rental property can turn into a problem when it comes to being a landlord. The distance can intervene with your management obligations. For example, even if the property is in excellent condition, there will be times when you need to drop by and pick something up or inspect the building. You will be unable to respond to these emergencies if you don't live nearby. As a result, anyone who lives far away from their commercial property should think about contacting a professional manager to keep an eye on it. Hiring a property manager eliminates the need for you to commute back and forth every time your tenants need something. You'll be able to rely on the manager and their expertise when it comes to managing your property without your supervision.
You're struggling with leasing
As an investor, you want to make the highest possible profit from your investments. If you're renting a commercial property, this means you'll have to have tenants at all times. To make this happen, you have to meet the tenants' needs and keep up with the current real estate trends. Learn about what's hot on the market at the moment, how you can interest potential tenants for your apartment, what you can do to improve it, etc.
Every good property manager has this kind of knowledge, so it would be a good idea to hire one for some expert advice on the matter. Tenants may relocate for a variety of reasons, but the property managers can assist in lowering turnover. They know how to make tenants happy and keep them from looking for a new place to rent. Additionally, they will definitely have good marketing strategies and a network of interested tenants to occupy your property. All things considered, hiring a property manager is a win-win situation.
You don't know anything about rental laws
Every successful landlord should know the local landlord-tenant laws. Every municipality has its own regulations when it comes to the relationship between the landlord and their tenants. In a nutshell, these regulations are the guidelines on what your obligations and responsibilities are as a landlord, and they apply to tenants as well. So, before renting a property, you should get to know these regulations very well. If you don't have time for this, or you're having problems with understanding and applying all the rules, you should definitely consider hiring a professional property manager. They will know these rules by heart, and they'll take care of everything you are having trouble with.
Additionally, property managers can help you with getting all the legal documentation you need for your rental property. As a landlord, you'll have to get a few licenses and follow proper regulations when it comes to your property. All this can be a bit overwhelming, so it's a good idea to have a professional take care of it. They know every code and regulation, and they can help you obtain every license you need. It's also convenient because the property manager will make sure everything's done according to law, so you won't have problems in the future.
Are you ready to hire a property manager?
Based on the above mentioned information, we can all agree that being a landlord is a demanding and time-consuming job. It requires a diverse skill set and proper knowledge of the real estate market and its constantly changing trends. Therefore, if you're struggling with any of the things we mentioned in this article, it's time to contact a property manager to help you take the management obligations and stress off your plate. This would allow you to continue expanding your business without dealing with minor problems that can quickly escalate into major headaches. So, don't hesitate and make that call!
With Valentine's Day just a heartbeat away, now is the time to think about those traditional themes of loved ones, property management, and real estate. Well ok, maybe these three topics aren't routinely considered all at the same time, but why shouldn't they be? After loved ones, real estate and homes are things in life that are pretty high up on everyone's priority list - so let's take a 'seasonal' look at how they might be related to each other.
Love yourself with real estate investment
A few ways that someone might pamper himself or herself to show a little self-love is to buy a new set of golf clubs, schedule a relaxing massage for those aching muscles, or perhaps go a bit further out on the limb and buy that alluring new new sports car. While all those are wonderful perks to contemplate, none of them - even the car - has the permanence or the deep inner satisfaction that an investment in real estate brings. And even better - the security and the value that real estate returns to you is very much like being loved back.
Love your spouse with your real estate investment
There might not be a better way in the world to express your love to a spouse than with a real estate investment. Sure, some people might object and suggest diamonds or other jewelry as the supreme expression of caring, but jewelry usually ends up stowed away in a box somewhere, only to be retrieved for special occasions. An investment in a home is something that surrounds your spouse every day with the warmth and depth of your feeling, and for any other kind of property, it still represents a long-lasting commitment to him or her that cannot fail to impress with its own unique permanence.
The steamy side of love and real estate
You could do the expected and arrange for a fancy date to celebrate Valentine's Day with your spouse or loved one, but you've probably done something like that already, if not many times before. This year, impress him or her with something completely different, and earn major kudos for originality.
Why not stay at home this time around and celebrate the day for lovers by discussing some of the red-hot topics of real estate and property management? Try nibbling on your lover's ear while whispering the latest market statistics on average prices and absorption rates. If that doesn't reduce him/her to quivering jello, a candlelit dinner with breathy exchanges on amortization schedules is sure to do the trick.
And if these two don't quite provide the spice you'd hoped for, you may have to bring out the heavy artillery. Slip in that video on urban sprawl and tax assessments while giving a slow, sensuous foot massage - it just might be the most memorable Valentine's Day you ever share with your loved one.
In the span of a rental property's existence a landlord will probably be asked to make many upgrades to the home for a variety of reasons: personal preferences, safety, pets, rodents, general wear and tear, and many more.
If a handicapped or disabled tenant makes requests for modifications to your rental property, you must permit the modification, provided:
It is important that landlords remember that under federal law, disabled tenants and prospective tenants with a disability have the right to apply and live in a property regardless of their impairment. At Clark Real Estate, we follow all Fair Housing laws and practices to ensure that your rental unit is not in violation.
Please contact us for more information. We can handle all tenant issues on your behalf!
Clark Real Estate, Investments and Property Management offers a few fun tips for reaching your health, wealth and happiness goals for the New Year by making a few adjustments with your home!
1. Clear the Distractions: Have you ever noticed you get a boost of creativity or physical energy when you go on vacation? What if it's not because of the long day at the beach, but because of the clutter-free hotel room? The beds are made, the floor is clean, none of the usual paperwork is laying around. You're free to think and move about! When you make plans, you can go do it--without tripping over your kid's homework or frantically searching the house for something to wear.
What if your home always functioned this way?
Start with one distracting room or closet, and rethink it like you're going on vacation: If I was going on a 30 day trip, which items would I need to take with me? Pull those few items, and then move the rest. You can experiment by packing unnecessary items in your suitcase or in a distant closet or the garage to see if life is more enjoyable without the clutter. Or just move the items out of your every day line of sight. If you're feeling extremely bold and are ready for a complete change in your life, donate items to a Shelter or Thrift Store.
Continue to go through each room of your home each week or month. The more you clear, the easier it will be--as you'll start to feel the positive effects of a distraction-free home.
2. Live in your Investment: Robert Kiyosaki (Author of Rich Dad, Poor Dad) talks about how your home is a liability, because you're spending more on it than you're making from it. Many Americans assume that because their home may be increasing in value, it's automatically a good investment. Unfortunately, the math doesn't quite work that way! The Reno area is in an exciting growth period, and those who have invested in rental properties are going to be reaching those Wealth Resolutions sooner rather than later.
You can turn your home into an investment by finding a way to make money from it. Hrmm, how? If you own your home, you're free to rent out a room, or even your garage as a storage space. Tools like AirBnB allow everyday homeowners to make some extra income from their empty guest room or den.
If you're not comfortable with sharing your space, let's schedule a consultation to review the possibilities of purchasing your own income-generating property.
If you're renting the home you live in, there may be ways to generate income from it, as well. Please be sure to run any ideas by our office to ensure it is in compliance with your lease agreement!
Please feel free to call us when you're debating remodeling projects; we can help determine which projects will return the most value down the road if you choose to sell or rent out your home.
3. Tune In: Take a day to just observe your thoughts and feelings when you wake up, walk through your home, leave the driveway, and return. What parts of your home made you smile? What was frustrating? What can you fix, and what can you let go of? When our homes are in disrepair for extended periods of time, it can negatively affect our day, and wreak havoc on the property. Is there a strange smell in the cupboard? A crack in the wall? A dim light bulb? Let's get those things addressed right away! If you're just feeling resentment toward your home, it might not be a maintenance issue, it might be time to upgrade!
We are here to connect the right tenants with the right properties, and the right investors with the right investment properties. If you are feeling unsatisfied with your home, let's talk! We have a growing inventory of options just for you!
Clark Real Estate offers Sparks and Reno property management services for landlords and homeowners out of state and out of town. Maximize your investment dollars by investing in Reno/Sparks! Keep enjoying the Southern California lifestyle, while we take care of your money-maker in Northern Nevada!
When I bought my first home in Sparks, NV, I didn't realize I would be moving to Southern California.
Clark Real Estate: A Reno Property Management Company
Property management is the act of caring for, monitoring and overseeing of real estate in order to account for its value, useful life and its condition. It involves the administration of personal property, maintenance, human resources, and the system needed to ensure optimal use. Clark Real Estate and Reno Property Management is a real estate company that provides property management services in Northern Nevada. We have been operating in the region for many decades; and clearly understand the changing trends in the real estate needs of the people in the area.
At Clark Real Estate, a Reno company, we offer varied services. For instance, we evaluate our clients’ properties to determine the accurate rental or sale value. In this case, the evaluation is done on both the exterior and the interior of the property in which case detailed documentation is done through photography and analysis. The company also has a database of rental rates in the Northern NV region, which is frequently updated and used to assist the owners of a property in calculating optimal rental rates, and adjusting them appropriately with the changing trends in the market.
In NV, Reno is well-known for offering extra services to its clients, aimed at optimizing the property and preparing it for occupancy by interested clients. For instance, we would do the cleaning and internal interior décor to optimize a property to improve its appeal to potential clients, manicure lawns and fences as well as any other buildings attached to the property. In addition, we are always available to serve any prospective tenants by showing them around properties at any time of day or week. For increased efficiency, we have a 24-hour hotline, which clients can call to inquire about any property under our care.
In case you move to Northern Nevada with the intention of settling there, contacting Clark Real Estate in Reno is a wise idea. The company has among its staff a contingent of experts experienced to cater for varied real estate needs of the residents and would be residents alike. If you intend to buy, lease, rent or sale, or if you want your property in the region to be managed by an expert, a Reno Property Manager is the most suitable person owing to the training and experience that we have endeavored to equip its staff with.
Since its inception, Clark Real Estate has been operating in the Northern Nevada region, especially in the towns of Reno, NV and Sparks, NV, and the surrounding regions of Northern Nevada. To enjoy our excellent services, please contact us through our website. We will start with a rental analysis of your property: we will determine what your rental property is worth, how best to market it, and what maintenance items may be needed before a tenant moves in.
If you are looking for a house to buy or rent, we can assist with that, too! Give us a call or send us a messa
We look forward to working with you!
How we keep great tenants! The secrets to Residential Property Management in the Reno Area
The first step to keeping great tenants, is selecting great tenants. We use a tried and true formula for qualifying our tenants to ensure they will be residing in our properties for a very long time! Tenants, you know how great you are--we really appreciate you!
Once we have excellent tenants in place, we stick to our agreements. How many times have you signed a contract without reading it? We make sure that our tenants read and agree to the terms of their rental agreement. With everyone on the same page (landlords, tenants and property managers) it's fairly easy to follow the contract when a problem arises.
We respond quickly to complaints about noise or criminal activity occurring on or near the property. We want to protect our tenants, your investment, and our inventory! We do this by responding to anything suspicious or overtly dangerous.
We respond quickly to any maintenance requests. We offer an easy maintenance request form through our website. We encourage both tenants and landlords to use this form. Requests go directly to our front desk; we then schedule the appropriate appointments with plumbers, electricians, painters or contractors, depending on the maintenance request. Again, we want to protect our tenants, your investment and our inventory--we do this by keeping properties in excellent condition. We coordinate to make repairs easy and unobtrusive to the schedules of our tenants.
We keep communication open and easy with our tenants and landlords. Through Facebook, our website, snail mail, and even in our office--we inform the appropriate parties of any upcoming issues related to a rental property or the community.
We offer perks, like storage units!
We allow pets in some properties. We know that furry friends are a necessity to the happiness of many of our tenants. We respect that and will work with you to find the right pet-friendly home. Our fenced properties with large yards and hardwood floors are certainly some of the first properties to get rented! We look for properties with nearby parks, walking trails and other pet amenities.
We are here to serve our customers. Whether you're in need of a tenant, or in need of a place to live, we are here to help! We believe that property management is all about building relationships. When you call, our focus is on you!
We want to look beyond your current situation and see how we can help advance you to your goals. Many of our landlords are longtime investors; we seek out new properties for them to invest in. Many of our tenants would love to buy a home, but aren't sure where to start; we work with our tenants to easily move from a rental property into their own house! Tenants, we can put together a package that fits your budget and timeline--owning a home may be more realistic than you thought!
We show our appreciation to you. Whether it's a high-five or a check in the mail, you'll know how much we appreciate the opportunity to work with you!
Thank you, Great Tenants!
FOR IMMEDIATE RELEASE
Clark Real Estate, Investments & Property Management Receives 2014 Best of Reno Award
Reno Award Program Honors the Achievement
RENO April 24, 2014 -- Clark Real Estate, Investments & Property Management has been selected for the 2014 Best of Reno Award in the Property Management Service category by the Reno Award Program.
Each year, the Reno Award Program identifies companies that we believe have achieved exceptional success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Reno area a great place to live, work and play.
Various sources of information were gathered and analyzed to choose the winners in each category. The 2014 Reno Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Reno Award Program and data provided by third parties.
About Reno Award Program
The Reno Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Reno area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.
The Reno Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community's contributions to the U.S. economy.
SOURCE: Reno Award Program
Clark Real Estate
305 W. Moana Ste C
Reno, NV 89509