10 Interesting Reasons To Move to Bethesda, Maryland

Table of Contents

Bethesda is one of the hottest towns to live in Maryland. There are so many reasons that people are relocating to Bethesda in droves.

Home to about 65,000 residents, Bethesda provides close proximity to Washington D.C. with a suburban population. At the same time, the small urban center is a short drive away from popular Maryland and Virginia beaches.

Further, there are amazing job opportunities available with a minimal commute. Bethesda itself is the home of a number of established firms, and it’s proximity to Washington D.C. and Northern Virginia make it a great option for professional-minded folks looking for a large selection of job opportunities.

  1. Job Opportunities
  2. Income Levels
  3. Age Demographics
  4. College-Educated Population
  5. Proximity to the City Without the Hassle
  6. Arts and Culture
  7. Fitness and Walkability
  8. Enjoy Nature
  9. Great Food
  10. Public Transportation

Read on as we explore 10 reasons to move to Bethesda.

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1. Job Opportunities

Bethesda is an integral part of Montgomery County in Maryland. Montgomery County enjoys a 2.7 percent unemployment rate, which is significantly below the national average.

This fact comes as no surprise given the great employers doing business in Bethesda. For example, Lockheed Martin and Marriott International both have a large footprint here. Other prominent employers include the Department of Defense and a John Hopkins hospital.

Jobs that are possible when you move to Bethesda

2. Income Levels

The citizens of Bethesda earn a good wage working for these companies. In fact, the median income in Bethesda is nearly $155,000.

The bottom line is that Bethesda’s citizens are earning Washington D.C. wages. However, they live outside the chaotic city and its high cost of living.

3. Age Demographics

Bethesda is an appealing place for young people. This is true for a wide range of Millennials and Generation Z.

The median age in Bethesda is 43 years old. This means there are plenty of young people enjoying a vibrant urban center.

It is also a great place to start a family. You will be surrounded by young couples that are having children and living the American dream.

 Family in Bethesda park.

4. College-Educated Population

Thanks to the prominent employers and young population, the vast majority of residents are college-educated. In fact, nearly 84 percent of residents possess a Bachelor’s Degree or higher.

What does this mean for you? It means that you will be surrounded by neighbors likely to share your values.

A college education has other positive effects such as lower crime rates and high wage growth. These are the perfect ingredients for a young family to establish roots and have a family.

5. Proximity to the City Without the Hassle

Washington D.C. is one of the greatest cities in the world. Tourists flock to D.C. from all over the world. They want to see the White House or the Washington Monument. There is so much culture and history to take in.

However, living within its borders is not the ideal situation for everyone. For this reason, many people choose to settle down in Bethesda. Here, you can enjoy the culture and excitement of city living.

At the same time, Bethesda still maintains a small-town feel. There are quaint neighborhoods with beautiful Colonial and Cape Cod-style homes for sale.

Beautiful view of DC

6. Arts and Culture

You do not need to travel into the city to experience arts and culture. The good news is that Bethesda has a wealth of live entertainment.

There are always festivals and special events happening. In addition, there are the Strathmore and Round House theater.

At the Strathmore, you can see amazing shows like the Nutcracker or Russian ballet. With such a vibrant arts scene, it is no surprise that Bethesda is so appealing to young people.

Another option is to go on the self-guided Bethesda Art Walk. Here, you can check out local art galleries and get your fix of paintings, photography, and more.

7. Fitness and Walkability

While close to Washington D.C. and having its own urban feel, Bethesda retains that small-town feel. One example of this are the amazing trails for bikers and hikers alike.

The Capital Crescent Trail (CCT) is one of the most popular in the city. This trail is entirely car-free and is 11-miles long.

Better yet, the CCT connects various employers, residences, and commercial centers. Tens of thousands of people use the CCT to travel between downtown Bethesda and Washington D.C.

For those that get tired of the CCT, you can switch it up and use the Bethesda Trolley Trail. This 4-mile trail is great for bikers and pedestrians.

Person on walk through Bethesda.

8. Enjoy Nature

We have made it clear that Bethesda gives you a small-town feel. This is evidenced by the abundance of parks and natural beauty.

The best example of this is the Carderock Recreation Area. Carderock is part of the Chesapeake and Ohio Canal National Park.

This 100-acre park is so popular that people from all over the mid-Atlantic region come to check it out. Carderock has so much to offer from boating to rock climbing.

9. Great Food

Bethesda is also known for its stellar food scene. There are so many great restaurants to choose from. You can enjoy food from any culture including Lebanese, Mexican, or Italian.

Some restaurants that come highly recommended are Tia Queta, Le Panetteria, or Olazzo. Bethesda Row gives residents many local options for bars and restaurants. Just another reason why Bethesda is so popular amongst young people.

Family out at a meal in Bethesda

10. Public Transportation

Bethesda prides itself on public transportation. The metro station is conveniently located downtown. It handles approximately 15,000 travelers on the average weekday.

The intent here is to reduce traffic coming in and out of the greater Washington D.C. area. As mentioned earlier, the CCT is a car-free option that allows residents to bike to work.

There are many other options including buses and ride-sharing companies. Another alternative is the Bethesda Circulator and a number of other metro stations.

A Recap of the Top 10 Reasons to Move to Bethesda, Maryland

There are clearly many reasons why Bethesda, Maryland is so popular. The nightlife is hot with many options for dining, theater, and art.

Bethesda is a tight-knit community with immediate proximity to Washington D.C. Job opportunities are plentiful and the local economy is robust.

If you are interested in learning more about reasons to move to Bethesda, Maryland, contact us today for real estate advice.

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Enhanced Reporting

Your portal includes a selection of extremely useful reports. Reports are available in the “Reports” section, and are distinct from the financial statements. Unlike financial statements which are static records, Reports are dynamic real-time records that will update with current data every time you view them. 

Scroll down to learn more about Reports:

Navigate to the "Reports" module in your portal:

Owner Portal Reports
  • Keep in mind, these reports are dynamic records. They will refresh to display current information every time you view them. 

Enhanced Rent Roll Report:

Enhanced Rent Roll Report
  • The Enhanced Rent Roll Report will show the rent amount, last payment date, move-in date, lease expiration date, and security deposit amount for each of your tenants. 
  • It will also show a portfolio summary with occupancy percentage, vacancy loss, and more!

Unit Comparison Report:

Unit Comparison Report
  • If you own multiple units (or buildings) with Nomadic, you’ll get access to the Unit Comparison Report. 
  • This report enables you to quickly compare financial performance between your units at a glance without toggling between individual reports. 

Income Statement Month-Over-Month:

Income Statement by Month Report
  • The Income Statement Detail – Monthly Report serves as a month-over-month record of portfolio performance. You’ll see itemized income and expense categories and can track monthly. This report will update with fresh data every time you view it. 

Financial Statements

Financial statements will be published to your portal on a monthly basis. The statements are found in your Documents library, and provide a historical record of all financial performance. The statements serve as a snapshot of financial performance over a given period, and are static documents (unlike Reports, the statements do not update/change in real-time). 

Scroll down for more info about the Financial Statements in your Documents library:

The Documents area contains monthly financial statements:

Owner Portal Documents
  • The statements in the Documents are are static documents. They are posted to the portal once a month to serve as a historical record of financial performance. 

Download a statement to see month and YTD financials:

Owner Portal Property Statement

You'll also find a month-over-month operating statement:

Month over Month Statement

Portal Communication Tool

You can use your owner portal to communicate with our team. Any messages you send through the portal will go straight to your Account Manager. When we reply, you’ll get an email notification and you’ll also see the message in your portal next time you log in. 

Here’s an overview of using the communication platform:

Click "Communications" and navigate to "Conversations":

Commincation Dashboard Screenshot
  • The communications module will contain a record of all messages that you create through the portal. 

Click the "New Message" button and send your message:

Owner Portal New Message Screenshot

Responses will show up in the conversation ticket:

Portal Conversation Response Screenshot
  • You’ll get an email notification whenever you get a response, and you’ll also see the message in your portal next time you log in. 

You can reply in-line using the comment box:

Owner Portal Comment

Each conversation will be logged in its entirety:

Portal Conversation Snapshot

Understanding the Ledger

Your portal includes a ledger with all transactions. The ledger is populated with data in real-time as transactions flow through our accounting software. Much of this information is also available in the Reports area, as well as the Statements in your Documents library, but the ledger is the most comprehensive resource for diving into the details. 

Please scroll through the sections below to get a better understanding of how to interpret the ledger. 

By default, transactions are sorted chronologically:

Owner Ledger Dates
  • The date reflected in the lefthand column is the actual transaction date, not the “bill date”. This is the date the transaction was actually processed. 

If you have multiple properties with Nomadic, you'll see the address for each transaction in the "Location" column:

Ledger Property Column
  • You can filter the ledger to look at just one property, all properties, or specific sets of properties. 
  • If you only have one property with us, you’ll just see the ledger for that property. 

The Description column displays the transaction type:

Owner Ledger Description Column
  • BILL: this is an expense transaction, such as for repair costs or management fees.
  • CHARGE: this is a transaction  billed to the tenant, most typically a rent payment. 
  • NACHA EXPORT: this is a credit we processed to your distribution account. This type of transaction is how you get paid! 

The Amount column shows the dollar value of each transaction:

Owner Ledger Amount Column
  • Positive Amounts: if an amount is positive, it reflects a transaction that is payable to you. Typically, this will be a rent payment that we collected from your tenants. On occasion, a positive number could also signify a journal entry or credit adjustment. 
  • Negative Amounts:  if an amount is negative, this is a transaction that is either payable to Nomadic or is an amount that has already been paid to you. Typically this will be for repair costs or management/leasing fees. Owner draws (net distributions into your checking/savings account) also reflect as negative amounts, since they have already been paid to you. 

The Account Balance column shows a sum of positive/negative transactions at a given point in time:

Owner Ledger Account Balance Column
  • Account Balance should always equal zero after a net distribution has been processed. When the balance is zero, this means that all expenses have been paid and you’ve received the remainder as net operating income, leaving a balance of zero (meaning: no one is due any money, as all funds have been distributed appropriately). 

Navigating the Propertyware Owner Portal

Your portal includes some extremely useful features that help you understand your property’s financial performance at a new level, with real-time transparency into every transaction.

Scroll through the snapshots below for an overview of portal navigation! If you need more help or have specific questions about using the portal, you can reach out to your Account Manager any time for a screen share. 

You can filter all info by date range or property:

PW Portal Filters

View a snapshot of income and expenses on your dashboard:

PW Owner Dashboard View

See every transaction in real-time on your ledger:

Owner Portal Ledger View

Statements and forms will be posted to your documents library:

Owner Portal Document Library

View a suite of real-time financial reports:

Portal Reports View

See a running list of all bills, and drill down for more detail:

Owner Portal Bills View

Under Bill Details, you'll find dates/descriptions/amounts and more:

Portal Bill Details

You can also communicate with your Account Manager through the portal:

Owner Portal Communication Tools

How do net distributions work?

Net distributions keep your accounting clean and simple. Each month we’ll collect rent from the tenants, deduct any repair expenses for the previous month and any management/leasing fees for the current month, and credit the remaining net operating income to your account. 

Net Distribution

You’ll receive a statement via email each time a net distribution is processed, and can view all transaction details in your Propertyware owner portal.