Nicklin Property Management Company Updates

As a property manager with hundreds of clients and customers, we care that everyone stays healthy and avoids getting sick. You have probably heard a lot through various news agencies about the wide spread effect of the Coronavirus and the impact is it having on health, travel, business meetings and the general economy. As a result, Nicklin Property Management has been proactively discussing this topic in an effort to keep everyone healthy, including our property managers. Here are some practical steps you can take to keep yourself healthy, as reported by the CDC (Center for Disease Control and Prevention):

There is currently no vaccine to prevent coronavirus disease 2019 (COVID-19). The best way to prevent illness is to avoid being exposed to this virus. However, as a reminder, CDC always recommends everyday preventive actions to help prevent the spread of respiratory diseases, including:

  • Avoid close contact with people who are sick.
  • Avoid touching your eyes, nose, and mouth.
  • Stay home when you are sick.
  • Cover your cough or sneeze with a tissue, then throw the tissue in the trash.
  • Clean and disinfect frequently touched objects and surfaces using a regular household cleaning spray or wipe.
  • Follow CDC’s recommendations for using a facemask.
  • CDC does not recommend that people who are well wear a facemask to protect themselves from respiratory diseases, including COVID-19.
  • Facemasks should be used by people who show symptoms of COVID-19 to help prevent the spread of the disease to others. The use of facemasks is also crucial for health workers and people who are taking care of someone in close settings (at home or in a health care facility).
  • Wash your hands often with soap and water for at least 20 seconds, especially after going to the bathroom; before eating; and after blowing your nose, coughing, or sneezing.
  • If soap and water are not readily available, use an alcohol-based hand sanitizer with at least 60% alcohol. Always wash hands with soap and water if hands are visibly dirty.

Source: https://www.cdc.gov/coronavirus/2019-ncov/about/prevention-treatment.html

For additional information, visit www.cdc.gov.

Las Vegas is booming with activity! And what a year 2020 will prove to be for the valley. Billions of dollars are being invested in the local economy in the form of new construction with millions in residual income from these projects. What upcoming projects are shaping and in the works?

ALLEGIANT STADIUM (nearly a 2 billion dollar project)
Allegiant stadium is only a few short months away from completion and from hosting the Las Vegas Raiders. The state of the art design and features make it a sight to behold and add to the steep price tag.

THE BEND
A new mixed use project which will include a 12 screen movie theater, restaurants and entertainment across from IKEA will be the largest development in the area and add a much needed venue in the Southwest.

CIRCA HOTEL
A new hotel being developed downtown is taking shape and is scheduled to be open this year. It will feature 777 rooms, a rooftop pool amphitheater and new food and beverage concepts. It is the first hotel to be constructed in many years in the downtown area, adding excitement and an economic boost to the area.

LAS VEGAS CONVENTION CENTER
The Las Vegas Convention Center, one of the most popular convention spaces in the world which hosts a number of world famous expo’s and conventions such as CES, is adding 1.4 million square feet of convention space and renovating the existing 3.2 million square feet. The budget is nearly 1.5 billion dollars! Additionally, an underground people mover being developed by The Boring Company, owned by Elon Musk, will transport people between 3 locations across the convention center.

MSG SPHERE
The Madison Square Garden Sphere, being built right next to the Venetian, will feature 17, 500 seats and a state of the art entertainment experience. A 160,000 sqft screen will encompass the arena which will be complemented with a infra sound haptic system, making for an unforgettable experience for those that attend the venue.

VIRGIN HOTEL & CASINO
With the closure of the Hard Rock Hotel, Virgin plans to revitalize the hotel and concept and feature a new, modern look at the site.

Additionally, other projects are taking shape which we will discuss next week! Stay tuned.

Contributed by Nicklin Property Management.

Are you tired of looking at stains and tire marks on your garage floor? There is a solution! You can epoxy your garage floor – for a very reasonable price! While some homeowners hire a contractor to do this for them, spending on average $800 – $2000, if you are on a budget, you can do this for less than $200 (for a typical 2 car garage). All you need is some time and, well, $200 (or less!).

Many home improvement stores sell some type of garage paint or epoxy. However, epoxy is stronger than paint, as it is typically a two part mix of epoxy resin and hardener, allowing for more durability. Home improvement stores typically sell kits that include the epoxy mixture and concrete cleaning product, such as the “Rustoleum Epoxy Shield*.” Usually, a few colors are available. The average cost is between $115 – $140.  Don’t forget to add in paint rollers, rags, paint trays and a paint brush.

The most important step is prep work. Once your garage is emptied out, leaving the entire floor exposed, be sure to do a good sweeping and vacuum out any dust/debris/grass clippings from between the concrete grooves, otherwise known as contraction joints.

The next step is crucial and a few hours should be allowed to complete this. The concrete prep work. The garage concrete floor has to be cleaned and etched. Etching involves creating a “rough” surface for the epoxy to adhere to. Though most kits include a cleaning and etching product, typically citric acid, having an additional cleaning and etching citric acid product will go a long way. You will find that right next to the epoxy kits in your home improvement store. If you have oil stains, be sure to buy a de-greaser and apply that first to remove as much of it as possible. Once you use the epoxy kit provided cleaner / etching product, you may choose to use the second cleaning / etching product, depending on how your concrete looks. The goal is to have clean concrete that has a slightly coarse feel to it.

Effectively rinse the garage floor to remove the product once done. Allow the concrete to dry thoroughly. Then you can begin taping walls and giving the garage one final sweep and applying the epoxy product. Of course, follow the products user guide and safety instructions as to ideal weather conditions, humidity and length of time until fully cured.

You will be surprised how much of a difference a new floor coating can make and you will be proud of doing it yourself and adding value to your home!

Contributed by Nicklin Property Management.

**Nicklin Property Management does not promote any one brand of epoxy product. It is up to each homeowner to determine which product will fit their needs.  Always be safety conscious and follow directions as listed in product manual.**

Nearly everyone looks to get a deal on a purchase or service, however, many of us spend our hard earned money on frivolous or unnecessary items or services. We break down the savings for you!

1. FOOD: Cut back on eating and drinking out. This is perhaps where the bulk of our money goes. We all have to eat and drink. However, many of us are reliant on purchasing our coffee and food at cafe’s and restaurants. How much money could you save?

If you buy one coffee, 5 day’s per week at an average of $3 per cup: $15 / week = $780 / year.

If you buy lunch 5 day’s per week, at an average of $6 per meal: $30 / week = $1560 / year.

The lesson: We may not realize that spending $3 or $6 each day adds up to a considerable amount during the year. As a matter of fact, just these two examples are equivalent to over $1 / hour of your salary (based on working 40 hours per week). Food for thought!

On the other hand, making your own coffee in the morning and preparing your own lunch can cost you a fraction of this amount! This especially makes a difference if your struggling to keep your budget under control.

2. CELL PHONE: With high competition among cell phone carriers, many discount carriers are offering plans around $35 – $40 / month. However, time and time again, consumers are paying a lot more! Some as high as $60 – $80 / line. Granted, this is because the consumer can obtain a brand new phone without having to pay outright for it. Are you able to sacrifice on some features of a brand new phone to get perhaps a lower monthly price point? Many discount carriers operate on the same network as the big brand names.

Saving $30 each month on cell phone expenses = $360 / year.

3. CABLE: Cable bills have skyrocketed over the last few years, with many consumers paying $60 to over $100 / month. With the advent of streaming services, though, the costs of getting sports and movie channels has decreased significantly with some providers also offering DVR. You might find that you can save over $50 per month and still get the channels you typically watch. Or perhaps you don’t really watch TV all that much and solely stream the web.

Are you able to cancel your cable all together? This could save you over $500 or perhaps even $1000 / year!

With just these three avenues, you might find that you just boosted your income! Perhaps that extra money you were looking for….is tied up in expenses that you might be able to cut back on!

Contributed by Nicklin Property Management!

June 2017 – Nicklin, one of Nevada’s largest property management firms, continues to impress investors with low vacancy periods, quick rental turnarounds and high tenant retention. In 2016, some 100 new clients decided to have to Nicklin oversee nearly 120 new properties due to their success in the rental market. For over 30 years, Nicklin has been managing residential properties throughout the Las Vegas area, including Henderson, North Las Vegas, Boulder City, Summerlin, Green Valley and everything in between. Nicklin has been awarded the “Honorary Alumni” award by the Greater Las Vegas Association of Realtors due to the extensive years in business and dedication to professionalism. Nicklin continues to uphold a high level of service and determines to be the leader in the property management industry.