Reno, NV: The Biggest Little City in the World
Reno has an estimated population of 255,601 residents. It acts as the county seat of Washoe County. Colleges and universities located in Reno include the University of Nevada, Reno, and Truckee Meadows Community College.
Reno is known for many things, chief among them being casinos and tourism. However, that does not mean the city has nothing else to offer. Arts and culture thrive in Reno. The city is home to several museums, such as the Nevada Museum of Art and the National Automobile Museum. There are also a number of performing arts venues in the city like the Pioneer Center for the Performing Arts.
In addition to this, Reno hosts a handful of annual events such as Hot August Nights, the Great Reno Balloon Race, the Reno Air Races, and Artown. Other attractions include the Reno Arch, the Wilbur D. May Center, Rancho San Rafael Regional Park, and the Fleischmann Planetarium.
The State of Reno’s Rental Market
Houses in Reno tend to cost more than in other cities. The median listing price for a home in this Nevada city is $499,900. This is perhaps why many residents choose to rent their homes. In fact, renters make up 52% of the population in Reno.
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Aside from a large pool of renters, landlords can benefit from high rent in Reno. The average rent for an apartment in this city is $1,544, which is above the national average. Thirty-nine percent of apartments fall between the $1,001 to $1,500 rental range, while 38% fall between the $1,501 to $2,000 range. Another 13% of apartments command a rate higher than $2,000 per month.
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Another reason why Reno is a great place for rental properties is due to Nevada’s landlord-tenant laws. Nevada is a landlord-friendly state, with very few restrictions when it comes to rent and mandatory disclosures.
Why Go With a Reno Property Management Company?
Investing in rental property is a good way to earn money, whether it is your main source of income or otherwise. Managing a rental property, though, is the hard part. As a landlord, you need to juggle a load of duties. This includes maintaining the property, collecting rent, addressing tenant concerns, and enforcing lease terms.
Due to the amount of work involved, a majority of landlords opt to hire a Reno rental management company. With professional help, you don’t have to worry about your landlord responsibilities anymore. An experienced manager can handle everything for you, giving you more time to focus on your professional and personal life.
What can a property management company do for you?
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
Looking for Property Management in Reno?
There are numerous rental management companies in Reno alone. Finding the one that matches your needs and budget can be troublesome if you don’t know where to look. Use Rental Choice’s comprehensive online directory today. We list reliable property management companies that you can search by city or state.