Hyattsville MD Attractions and Obvious Reasons to Move

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Hyattsville MD is currently sitting at over 18,000 residents, a number that is growing over time. These people know something you don’t: How great it is to live in the city. It is time for you to get up to speed on the joys of this beautiful region.

This article will detail some of the unique features of Hyattsville MD. By the end of the article, you should have plenty of reasons to move into this picturesque location or even invest in a new property here. So, keep on reading to learn all about it.

Hyattsville MD in the Current Housing Market

If you are choosing to relocate to Hyattsville MD, you should be aware of the state of the present housing market.

Recent statistics show that in 2022, house prices have been increasing. In February, for example, they were up 15% compared to only the previous year. This has been visible as a steady increase over the past five years that shows no signs of slowing down.

At the time of writing, the median sale price of homes is $367k. Although this could change depending on the type of home you intend to buy. 

Local Places

Of course, living in Hyattsville MD means that you are near to many historical locations in the USA. The epitome of this is Washington DC itself, only a couple of miles to the southwest. You can take a day out to visit all the famous sites, grab yourself a coffee, and be back for lunchtime.

The local Busboys and Poets cafe is perfect for grabbing some lunch while also shopping for a quiet read. It is famous as a community gathering place and has turned into a local hub for artists, writers, and others.

Like many other well-kept cities, Hyattsville MD has its own mall. If your idea of a relaxing evening involves either shopping or spending time with your friends browsing the stores, this location is for you.

The Residents

If you are moving to Hyattsville MD, you might want to know whether you will find people who think like you. If you are looking for families, college students, or older adults to spend time with, you should know the region’s demographics.

Of the people living in this city, around 10% of them are over 65 years old, yet 23% are under 18 years old. Thus, while there is a sizeable elderly population, youth recreational activities are widespread.

If you wish to get to know other families, you should know that housing the approximately 20,000 people in the city there are 7,000 homes. This suggests around three people per household, making Hyattsville a strong, family-oriented location.

If you are a veteran, you can also find like-minded people within the city limits. The town boasts a population of over 500 veterans. So, if it is important to you to find those who you can discuss experiences with, the town has plenty of people for that.

Hyattsville MD Attractions

Many attractive places around Hyattsville can appeal to you and those in your family. Even if you are not planning to move to the city yourself, they all present interesting and beautiful options. They can make a property investment appealing to anyone.

Lake Artemesia

This area of Hyattsville is a large area of open space, left to nature. It contains a 38-acre lake for which the region is named, as well as several other natural features.

Among the land’s paths and plants, you can also find a handicap-accessible fishing spot and several aquatic gardens. The location promotes a level of serene relaxation that is exemplified in its calm waters and surrounding gardens.

If you are a walker, the region includes two miles of hiking trails that will guide you to other parks and museums in the area. If you are a twitcher or bird-watcher, the lake also boasts a birding trail for you to follow. The location is very attractive to a wide range of different birds, which you can spot as you enjoy a hike.

Museums

Museums and heritage sites dot the landscape in this historic town. Sites exist that detail some of the more interesting locations for history-lovers, allowing you to go on walking tours of the city.

Close to Hyattsville, you can find many museums with a wide range of specializations. 

For example, the Hirshhorn Museum and Sculpture Garden is a display of contemporary and modern art. It focuses on recent displays, giving it a modern twist.

The building itself is a beautiful piece of architecture. It boasts a large cylinder that sits on four large legs, with a large fountain in the center.

As an alternative, you could check out the International Spy Museum. If you are more of a fan of espionage, you can see where James Bond ends and real spy work begins.

Pyramid Atlantic Art Center

If you are the artistic sort, the local community studios offer space for all kinds of expression. You can rent out the studios for a flat hourly rate and work on your personal projects to your heart’s content.

They have several different sets of equipment for all sorts of crafting. These include:

  • Bookbinding equipment
  • Letterpress devices
  • Papermaking kits
  • A fully-functional print shop
  • Screenprinting stations

The people using these devices are happy to help newcomers, and workshops are available to help teach you how to use the studio’s equipment.

The art center works as an outreach location, too. The studio’s members take an active role in the local community. They work with local businesses, local events, and other institutions in Hyattsville.

How to Start Investing

You should now have a much better idea of the positive impact that living or investing in Hyattsville MD would have on your life. If you still have questions, we are available to respond to any queries you might have.

Our people are ready to talk to you about buying a property in the region. So, what are you waiting for? Pick up the phone and contact us today.

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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.