5 Fun Reasons You Should Move To Silver Spring

Table of Contents

Did you know that Silver Spring Maryland is only 7 miles from Washington D.C.? Whether you’re looking for an easy commute to the city or live close by, there’s something for everyone. 

This article will cover why Silver Spring is such a beautiful city to live in and raise a family. Read on to discover why you should move to Silver Spring Maryland, and why you won’t want to miss out. 

The History

The name Silver Spring comes from a spring containing mica flakes. In the early 20th century, it became a streetcar suburb with a trolley. It slowly began to decline around the 60s and 70s because of shopping centers offering free parking. It then picked back up after the Silver Spring Metro station opened. 

Today there are several amenities including restaurants, museums, theater, and the arts. 

Living in Silver Spring 

Livability in Silver Spring is high since there’s so much to do from shopping to museums along with plenty of cultural diversity. You can enjoy plenty of entertainment downtown without the congestion or noise that comes along with big cities. You can also enjoy plenty of parking compared to a city as well. 

Here are 5 great things about moving to Silver Spring, MD.

  1. Amenities
  2. Easy Commute
  3. Strong Demographics
  4. Great Neighborhoods
  5. Transportation Options
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1. Amenities

Silver Spring MD has a population of 71,452. Downtown Silver Spring has so much to offer from the Arts and Entertainment District to shopping and entertainment. You’ll be close to 3 airports and great public transportation. There are plenty of parks nearby such as Sligo Creek Park and Rock Creek Park. There are also plenty of community celebrations that take place in the Veteran’s Plaza and Civic Center. 

Exciting Amenities

Some exciting amenities in the area are:

The Public Art Walk. There are so many art installations downtown you’ll want to use a map to not miss all of the beauty. You can talk a walk along the Public Art Walk and enjoy the sculptures, light shows, murals, and even more to enjoy. 

The Fillmore Silver Spring. You can check out plenty of concerts here including jazz, folk, blues, Latin, country, etc. 

AFI Silver Theater and Cultural Center. You can enjoy foreign and independent films here along with documentaries and cinema. 

National Capital Trolley Museum. You can learn about the history of streetcars in the Washington D.C. metro area. 

Veterans Plaza. You can enjoy a farmers market when it’s warmer, and an ice skating rink in the winter. 

2. Easy Commute

Whether you’re looking to head to Washington D.C. for fun, or an easy commute, it’s only a few miles away. You can take advantage of the Paul S. Sarbanes Transit Center for an easy commute. If you’re driving, you can easily head down 16th St N.W. 

Guy with easy commute after a move to Silver Spring, MD.

3. Strong Demographics

If you’re looking for diversity then look no further than this Maryland city. The mixture of cultural diversity leads to plenty of exciting dining, shopping, and public events. 

4. Great Neighborhoods

The area has an urban downtown feel. There are plenty of lovely apartment buildings, offices, and entertainment all close by. There are also quiet residential streets just a few blocks away as well. If you live downtown you’re just minutes from Washington D.C. 

5. Transportation Options

There’s plenty of transportation if you’re not interested in driving. You can choose from Metro Station, RideOn bus lines, MARC train, Van Go Shuttle, and the Metrobus. The ICC also connects with the city as well. There’s also the Paul S Sarbanes Transit Center as well. 

Person on a bus after moving to Silver Spring, MD

Top Things to Do 

Big Escape Rooms. If you’ve never been to an escape room, it’s an exciting clue revealing interactive game. There are constantly new themes and rooms added to this location. Can you escape? 

8505 Fenton St, Suite 210, Second Floor, Silver Spring, MD 20910-4497

AFI Silver Theatre and Cultural Center. Check out interesting films and events at this location. 

8633 Colesville Rd, Silver Spring, MD 20910-3916

Silver Spring Library. Check out the Silver Spring Library for free Wifi, a quiet area to study or work, and plenty of books to choose from. There’s also a small cafe you can check out as well. 

900 Wayne Ave, Silver Spring, MD 20910-4390

Quarry House Tavern. Check out Quarry House Tavern for a nice place to get some drinks and tasty food. 

8401 Georgia Ave, Silver Spring, MD 20910-4425

The Highwood Theatre. The Highwood Theatre is a nonprofit organization that brings the community together with theatre. It’s for artists of all ages with classes, programs in schools, and professional productions. 

914 Silver Spring Ave, Silver Spring, MD 20910-4621

Dave & Buster’s. Dave & Buster’s is a favorite for children and adult’s alike looking for fun games and prizes to win. There are hundreds of arcade games to choose from, a delicious restaurant to enjoy, plus you can win tickets for prizes. The sports bar has plenty of cocktails, beers, and wine to choose from. 

8661 Colesville Rd, Silver Spring, MD 20910-3924

Silver Spring Civic Center. Check out different concerts and shows and free movies in the summer. There are plenty of exhibitions inside the building, and festivals to check out. 

1 Veterans Pl, Silver Spring, MD 20910-4681

Regal Majestic Stadium 20 & IMAX. Check out the latest movies in IMAX with comfortable seating.

900 Ellsworth Dr, Silver Spring, MD 20910-4401

Why Move to Silver Spring Maryland

It’s easy to see why many make the move to Silver Spring Maryland, whether you’re looking for an easy commute, diversity, or plenty to do. Are you ready to make the move to Silver Spring? Nomadic Real Estate can help you rent, buy, sell, or manage a property in MD, and the rest of the Metro D.C. area. 

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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:

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

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:

  • 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:

  • 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:

  • 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:

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

  • 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:

Responses will show up in the conversation ticket:

  • 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:

Each conversation will be logged in its entirety:

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:

  • 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:

  • 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:

  • 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:

  • 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:

  • 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:

View a snapshot of income and expenses on your dashboard:

See every transaction in real-time on your ledger:

Statements and forms will be posted to your documents library:

View a suite of real-time financial reports:

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

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

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

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. 

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.