Omni Realtors and Property Management

Maximizing Energy Efficiency in Rental Properties: A Guide for Property Managers to Improve Savings and Sustainability

April 18, 2024 by Lee Blackburn

Are you thinking about energy efficiency in the homes you’re renting out?

You should be. More and more tenants are interested in sustainability and protecting the environment. Everyone is thinking about their carbon footprint and looking for ways to be less destructive when it comes to the planet and our natural resources. Most of your qualified tenants want to live in homes that aren’t energy vampires. All of your tenants want to keep their energy bills reasonable.

Maximizing energy efficiency is more than just a trend. It is becoming a profitable way to do business and a responsible way to rent out a home. Demonstrating that you’re a good steward of energy and environmental resources will make your rental property more attractive to environmentally conscious tenants.

Here is our Nashville property management guide to maximizing energy efficiency in your rental properties to improve savings and sustainability.

Strategic Property Management: Unleashing the Power of Location in Selecting Neighborhoods for Investment Properties

March 14, 2024 by Lee Blackburn

Most Nashville real estate investors understand the importance of location. It drives pricing, it determines whether your property is attractive to prospective tenants, and it dictates how you’ll proceed when it comes to buying, selling, listing, and marketing.

The location of your property will impact what you earn in rent, how well you retain tenants, and how much the value of your investment increases over time.

These are the basics.

When you understand the importance of strategic property management, you’ll focus on location as you look for potential investment properties. The neighborhood you choose has to be desirable to tenants. When you’re setting rents and looking for the best residents, you can make improvements to your home. You can put some fresh paint on the walls, upgrade the floors, and install new appliances.

But, you can’t change your location.

Location is powerful. Here’s how to find the right neighborhoods when you’re considering investing in Nashville real estate.

Resident Retention: 5 Simple Property Management Strategies to Retain Residents

February 20, 2024February 15, 2024 by Lee Blackburn

As Nashville property managers, we’re always trying to create a great rental experience for our tenants. It’s a priority for us because it leads to better tenant retention.

Tenant turnover is expensive for owners, and we want to help you avoid that expense. We also know that turnover can disrupt your cash flow and your consistent rent collection. It leads to vacancy loss, and it often involves expensive repairs, upgrades, and cosmetic improvements. There’s cleaning and marketing to be done. All of which needs to be paid for out-of-pocket because there isn’t any rent coming in on that particular property.

One of the best ways to increase what you earn on your property is to retain your tenants.

Lease renewals are better for business than finding new tenants. You also enjoy more stability and safety for your investment property. The cash flow is more consistent and there’s a growing return on investment (ROI).

If you’re looking for ways to boost your own retention numbers, here are five simple property management strategies that will help you renew your lease agreements with your best residents.

Making Sense of Your Property Management Finances: How Monthly and Year-End Accounting Reports Help

January 18, 2024 by Lee Blackburn

How organized are your property management finances?

We know you probably didn’t get into real estate investing because of your love for spreadsheets and profit and loss statements. Accounting feels like paperwork. Financial reports can seem like extra work.

However, these monthly and year-end accounting reports help you to:

Understand where you are financially with each property and your portfolio as a whole.
See where you might need to make some changes in leasing, maintenance, improvements, etc.
Make better investment decisions.
File taxes.
Create a budget for the upcoming year.

Whether you’re trying to determine what your expenses are likely to be before you invest in a property or you’re tracking what you spend on existing investments, there are a few accounting details that require your attention.

Good documentation will help you have a better and more profitable investment experience. Technology helps, too.

Even better? A professional CPA, accountant, or Nashville property manager.

Property Management Insights: 5 Reasons Why Nashville is the Perfect Location for Your Investment Property

December 14, 2023 by Lee Blackburn

Real estate investors looking for their next investment property would be wise to consider Nashville. It’s a vibrant city steeped in music history and culture. But it’s more than country music and entertainment; Nashville is also a growing real estate market.

There are a number of excellent reasons to choose the Nashville market for your next investment. Here are five reasons why Nashville is the perfect location to buy a rental property.

Maximizing Energy Efficiency in Rental Properties: A Guide for Property Managers to Improve Savings and Sustainability

Strategic Property Management: Unleashing the Power of Location in Selecting Neighborhoods for Investment Properties

Resident Retention: 5 Simple Property Management Strategies to Retain Residents

Making Sense of Your Property Management Finances: How Monthly and Year-End Accounting Reports Help

Property Management Insights: 5 Reasons Why Nashville is the Perfect Location for Your Investment Property

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