Annual Budgeting for Your Nashville Investment Property Maintenance

Annual Budgeting for Your Nashville Investment Property Maintenance - Article Banner

Maintenance will be required at some point, no matter how new your rental property happens to be. Whether it’s a small leak or a new roof, you need to be prepared for those property repairs. Budgeting and planning is essential. You don’t want to be left with an expensive repair and no way to pay for it. Today, we’re sharing some tips on how to plan for those maintenance expenses. 

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The No. 1 Reason Rental Owners Fire Property Managers (& How to Avoid It)

The No. 1 Reason Rental Owners Fire Property Managers (& How to Avoid It) - Article Banner

There are a lot of reasons that unhappy owners and investors might fire their Nashville property managers. Maybe maintenance costs are too high and repairs are too frequent. Maybe the rent consistently comes in late and there is no lease enforcement. Some owners leave property managers because reported financials are impossible to understand. 

Any of these are good reasons to find a new property management partner. But, if you’re wondering what the Number One reason is that rental owners fire their management companies, it’s this:

Communication.

Actually, it’s a lack of communication that leads them to look elsewhere. Here’s how you can ensure you don’t fall into the hands of a management company that cannot or will not meet your communication standards

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Calculating How Much Rent to Charge for Your Nashville Investment Property

Calculating How Much Rent to Charge for Your Nashville Investment Property - Article Banner

Rents have been going up steadily in Nashville, and that’s good news for owners who have a home to rent out. 

To calculate how much rent to charge for your Nashville investment property, you’ll need to study the market. Get an idea of what homes similar to yours are renting for. Then, compare your homes to those. Is there any reason that you might have to charge a bit less or maybe a bit more?

Ultimately, the Nashville rental market drives your rental value. Here’s how to decide what you can charge.

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What Should You Consider Before You Buy An Investment Property in Nashville, TN?

What Should You Consider Before You Buy An Investment Property in Nashville, TN? - Article Banner

There are several good reasons to buy an investment property in Nashville. This is a strong market right now, and investors from all over the world are taking an interest in the opportunities available here. When you invest in rental properties, you set yourself up for some long-term ROI as well as consistent rental income in the short term. There are tax benefits and increasing home values. 

To invest successfully, however, you have to make sure you’re ready financially and personally. You have to be willing to surround yourself with professionals who can ensure you have a good experience. Otherwise, you’ll find you have wasted a lot of money and other resources. 

Here are some of the things to consider before you buy an investment property.

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Should I Expect to Hear from My Property Management Company About Everything? | Communication Needs

Should I Expect to Hear from My Property Management Company About Everything? | Communication Needs - Article Banner

As you begin working with a Nashville property management company, you may be wondering how often you’ll hear from your management team. 

Every property manager delivers their services differently, but here’s what you can expect when you work with Omni Realtors & Property Management: We value communication and we’re responsive and accessible. However, we won’t bother you every single time something comes up at your property. 

You’re trusting us to take care of your investments, and that’s what we’re going to do. You can expect to hear from us when we need you to make a decision, or when there’s a large expense that needs your approval. 

Here’s some more detail on how we approach communication and decision-making. 

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