Is Now The Right Time To Buy Rental Property?

The last year or so has seen the real estate market in general start to really heat up. The Chattanooga market recently saw year over year gains in the double digits-a big move for a market like this one. Rents are up. Vacancies are down. Days On Market (a metric measuring the average number of days it takes to sell a house) have been cut nearly in half. There are many other factors we could … [Read more...]

5 Questions To Ask Your Potential Property Manager

Do you own property in Chattanooga?  Are you interested in renting it out, but need someone to help manage the marketing, tenant screening, maintenance, rent collection, etc...  Whether you are providing the perfect apartment, an amazing condo, or a wonderful house for a family... there are several questions you need to ask before signing an agreement with a Property Manager! Never let the thought … [Read more...]

The “Real Estate Investing Is Passive” Myth

No doubt many (if not most) of you have seen the ads on TV or radio offered by any number of real estate gurus.  They are advertising vast riches and wealth if you only buy their courses and get into real estate investing. A big part of that pitch is that real estate investing is something you can do in your spare time and that it is passive investing for the most part. The first part of the … [Read more...]

What Is The Right House For You?

Many real estate investors have a particular niche. Investing in single family homes is no different. There are different niches within even that space. While homes range in prices across all spectrums, we'll focus on investment properties that typically sell in the $20,000-$30,000 range vs those that sell for right around $100,000.(As a caveat, these numbers will obviously vary widely … [Read more...]

Renting vs. Buying: Which makes more sense?

Owning your own home has long been sold as the American dream. Of course, the ones selling that dream have often been lenders, home builders, and governments who often stand to benefit when you buy a house in the first place. The purpose of this article is not to make a case for either or, but rather to illustrate all the costs associated with each so as to (hopefully) better inform you, the … [Read more...]

Attracting Quality Residents

Let me first preface this post with the statement that it is possible to attract quality residents to most units in most parts of town... It just might take more work and time to do so, which can hurt your returns. This post will focus on general principles. Attracting good residents starts with the area where the property is located. Better schools, proximity to shopping or employment centers, … [Read more...]

Property or Property Management… Which comes first?

Which Came First?  The Chicken or The Egg? And what does this have to do with real estate investing you may be asking. There is an old axiom in real estate investing that your success is determined at the closing table. Certainly, there is much truth to that, but it's only half of it. Effective property management is THE key contributing factor to long term investment success. Think about it … [Read more...]

Resident Screening Tips

Selecting residents for your properties is of crucial importance. The ideal resident is one that will stay for 2 to 3 years, pay on time every month, and not cause headaches otherwise. The million dollar question of course, is how do you find them? You don't necessarily want to rush when filling a vacancy. That doesn't mean take your sweet time, but rather be thorough in your evaluation of … [Read more...]

Your First Criteria For Investing

The idea of investing *locally* sounds great, right?  The term "local" really helps narrows your focus and allows you become a targeted investor.  Well, theoretically, that's how it should work.  However, the local real estate market must still be analyzed for solid investment opportunities. So, where should you start?  What core criteria can you use to help evaluate the local market? First … [Read more...]