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When Can I Expect to Turn a Profit? How Long Before I Return on My Investment? | Nashville Property Manager Expectations

July 8, 2022 by Lee Blackburn

Investing in Nashville real estate provides some great opportunities for earning money and building wealth. A lot of the owners we talk to want to know when they can expect to begin making money off their investment property.

Here’s the truth: You make money as soon as you buy that property.

How can this be?

Well, there are two important things to remember, whether you’re a new or experienced investor. First, real estate investing does not get you rich quickly. Your investments make you money over the long term. Second, there are lots of different ways to see a profit when you own rental real estate. It’s not just cash flow and you can’t measure your success by rental income alone.

Annual Budgeting for Your Nashville Investment Property Maintenance

July 4, 2022July 1, 2022 by Lee Blackburn

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.

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

June 30, 2022June 24, 2022 by Lee Blackburn

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.

Calculating How Much Rent to Charge for Your Nashville Investment Property

June 17, 2022June 17, 2022 by Lee Blackburn

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.

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

June 3, 2022June 3, 2022 by Lee Blackburn

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.

When Can I Expect to Turn a Profit? How Long Before I Return on My Investment? | Nashville Property Manager Expectations

Annual Budgeting for Your Nashville Investment Property Maintenance

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

Calculating How Much Rent to Charge for Your Nashville Investment Property

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

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