Property Management Companies Carson City Nevada

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Nowadays the number of investment property owners looking for an affordable real estate property management company in Carson City Nevada has become a trending subject on social media.. When it comes to picking a company for managing rental real estate there’re several factors to consider. While investing in real estate can be extremely advantageous, investments such as this can be tough to look after. That is why it’s wise to work with a firm that focuses on managing investment property. The proper firm can conduct several essential tasks for you.

The right management firm should be able to take care of a wide range of functions, including asset management, property management and portfolio management. Many companies provide additional support services, which includes financial services, as well as an IT department.

These firms also bring a lot of experience and knowledge to the table. Many companies concentrate on specific types of property management, like multifamily homes or luxury housing. Each property management establishment should have a complete understanding of the current market and the requirements for any sound real estate property investment.

Dealing with the proper management company may also provide you with many opportunities. You will find companies that allow financiers to pool their financial resources, which could give you entry to investments that could have otherwise not been available for you. If you wish more investment options, by using a company is the right choice.

Take time to locate a firm that suits all your requirements and is capable to giving assistance you are searching for. You will benefit greatly once you start working with the investment firm. Even though not a technology company per se when compared to other property management companies in Carson City Nevada, RentVestPM.Com is profoundly more sophisticated. Our commitment to technology has permitted us to expand into more than 12 cities in just a few years.

Benefits of Utilizing a Property Management Company in Carson City Nevada!

Make time to find a company that suits all your requirements and is qualified to provide the aid you might be looking for. You’ll benefit immensely when you start working with the investment firm. Although not an IT when compared to other property management companies in Carson City Nevada, we are profoundly more sophisticated. Our investment in technology has facilitated our expansion into more than twelve cities in just a few years.

Reasons Behind Hiring a Property Management Business in Carson City Nevada
Renting my property was tough to do on my own. Employing a property manager helped significantly. Not only did it free up my time, but it really gave me a lot better returns on my rental. The management firm that I ended up employing managed to handle everything associated with my property rental plus they were able to find the right person and it would not cost me a fortune to manage. Because they already had a clear screening process, they could find tenants which were effective at paying by the due date on a monthly basis. It removed lots of stress out of the entire rental process and turned our house into a feasible income stream that we can trust every single month.

Being forced to maintain any rental property all on your own could be a significant hassle you want to avoid. Making the choice to hire a property manager can be one of the best decisions you will make if you are searching to rent your home or apartment without seeing it turn into a full-time job for yourself. A home management company completely took over the day to day running of our home and enhanced the efficiency of the entire process, from start to finish and that we would undertake it again with no worry. With all of that said it’s imperative that we mentioned that although we are known for Property Management in Old Fourth Ward Atlanta, Georgia we also offer those looking to rent an awesome inventory of properties for rent in Carson City Nevada. So, if you are a rental property owner in or near Carson City Nevada looking for a better ROI we would like the opportunity to show you how to make it happen. If you would like more information about RentVest Property Management we ask that you visit our property management Tuscon blog

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Real Estate Management Techniques to Favor Senior Tenants

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Real estate management companies and landlords must understand what seniors want in an apartment to win their tenancies and leverage the profit potential created by baby boomers downsizing to rental apartments. Rental demand among baby boomers is increasing, a trend that is expected to continue as America’s 75 million baby boomers prepare to retire or already have.

Property managers and landlords eager to capture a share of the boomer tenant market can start by getting to know what older tenants look for in a rental, a challenge considering the staggering diversity of this demographic. No cookie cutter tenant profile exists for the 55+ population; the needs of older residents change for people in the 65+ age range and are much different for the age 75+ crowd.

Real Estate Management Companies and Senior Tenants

When it comes to living space expectations, researchers find that older Americans actually have few things in common. Below are some top features and amenities that make apartment rentals most attractive to today’s aging renters.

1. First-floor master suites

The number one priority among baby boomers seeking rentals is a first-floor master suite.  According to Milwaukee-based Certified Seniors Real Estate Specialist Bruce Nemovitz, an estimated 40 percent of new homes under construction include first-floor master suites, marking a 15 percent increase over the past 10 years. As baby boomers age, navigating stairs often becomes more difficult and hazardous. First floor master suites incorporate a bedroom and bathroom, making it more plausible for tenants to age in place.

Property managers and landlords who plan to renovate rental bathrooms to better accommodate aging tenants can make upgrades that work for renters of all ages, such as:

  • Installing grab bars in the shower and next to the toilet.
  • Changing out a standard toilet for a comfort-height version, which make it easier for aging adults to sit down and stand up.
  • Installing a walk-in shower with bench seating.
  • Installing a bathtub with a swing door for aging adults to enter and exit more safely and easily.

2. Accessibility

Aging Americans want homes or apartments that will be easy to navigate as they get older. Rentals with multi-level entrances and units, long driveways or parking spaces located a distance from the unit’s entrance can be deal-breakers for older adults.

To increase interest in your property among older renters:

  • Make sure that walkways are level. If the walkway is constructed with brick pavers, make sure they’re well maintained with no loose or displaced bricks that create a tripping hazard.
  • Outdoor patios should be level with the adjacent indoor rooms. Raised decks or multitier porches aren’t functional for many older adults. Properties that already have these features in place should provide an alternative should also offer a gently-sloped ramp at the side of the deck or ramp for aging tenants to safely access the entrance on foot, by scooter or by wheelchair. If space allows, install an ADA-compliant ramp to attract more tenants who are looking for a rental in which they won’t have to move if their mobility declines in the future. An ADA-compliant ramp will also attract tenants of all ages with disabilities.
  • Consider enlarging doorways to accommodate tenants who use a wheelchair or walker. Wheelchairs need at least a 36-inch doorway opening, but 42-inches is preferable.
  • Assign parking spaces as close to the unit’s entrance as possible.

3. Inclusive Rents

Tenants in the 55+ demographic prefer properties offering rent pricing that includes all utilities—heat, electricity, water, gas, cable and internet services, parking, and laundry. Most of today’s renters age 55+ are former homeowners and part of their downsizing strategy includes relieving themselves of maintenance and property upkeep responsibilities for good. The 55+ demographic look for rentals in which yard work, snow removal, property clean-up and other chores are included in the rent.   Americans are looking for homes where the yard work, snow removal, and other strenuous chores are performed by a property management team and included in the rent.

The preference for all-inclusive rentals also helps older tenants manage budgetary challenges that can arise after a spouse passes away. Including utilities and standard services in the monthly rent makes for one less thing to worry about as they age.

  1. Gathering space

Americans are living longer than ever before, often 20-30 years into retirement. Aging baby boomers are social creatures and place a high priority on remaining social as they get older. Rental properties with designated spaces in common areas designed for gathering with friends and family are particularly appealing to 55+ renters. If you’re planning renovations to attract modern seniors, consider creating welcoming gathering spaces for entertaining small and not-so-small groups outside the rental units.

Well-maintained outdoor spaces and spaces in lobbies, clubhouses, pool areas, and picnic areas can be easily transformed into gathering spaces for residents and guests to mix and mingle.

5. Room for Guests

Today’s aging population wants to continue entertaining friends and accommodating adult children and grandchildren in their downsized rental homes. That means they’re looking for rentals with at least two or three bedrooms for guests that can double as a home office, yoga room, or other personalized space.

  1. High-End Finishes

Many Baby Boomers are accustomed to the high-end finishes they enjoyed in their family homes and aren’t willing to sacrifice quality when downsizing to a rental. They look for apartments with high-quality kitchen and bathroom fixtures, features, and appliances. Real estate management companies should consider asking older residents and acquaintances what they look for in a rental property.

Would they prefer marble or granite countertops, solid wood cabinets, and top-of the line appliances at a higher rent rate, or would they be open to sacrificing some high-end finishes in exchange for a lower rent rate? If they’re looking for a lower rent rate, which finishes and features are most important to them, and which are less important? It’s better to spend money on upgrades that reflect the preferences of most renters in the 55+ age demographic.

7. Effective lighting

Lighting is important to aging adults who are more vulnerable to injuries due to unseen physical hazards as well as security. Property managers find motion-sensor lights are ideal for driveways, entryways, hallways, stairways, and other common areas. Motion sensor lights illuminate areas automatically as tenants enter an area, sparing older adults from fumbling for a light switch in dark spaces. Adding multiple light switches in rental units will help older residents readily turn a light on or off and reduce the distance between switches to turn a light on or off.

Installing larger windows in rental renovations geared to attract aging tenants as well as tenants of all ages. Larger windows increase the amount of natural light in the unit, brightening the space and making rooms appear larger.

As baby boomers enter retirement en masse with downsizing in mind, real estate management companies, property managers, landlords, and homeowners associations are increasingly competing for their share of the lucrative 55+ rental market demographic. In order to make the most of this profitable tidal wave of opportunity for maximizing your passive income stream, it’s important to understand the needs and preferences of today’s aging Americans. Investing in property upgrades that attract older tenants, many of which are simple and inexpensive, will give you an edge among competing rental property managers for attracting and retaining aging tenants.

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