Property Management

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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 of simply having a local property management company be enough to win you over. Whether you are planning to lease your property for months or years, it's critical for you to ensure you have all of the right services available to you.  Not all property management companies or property managers are equal.  So, it is critical that you have all the information you need BEFORE handing over your keys!  The additional [...]

By | 2016-01-13T10:43:58+00:00 April 4th, 2015|Blog, Featured, Owners, Property Management|Comments Off on 5 Questions To Ask Your Potential Property Manager

Is Real Estate Investing for You?

There are all types of investments in this day and age. One of the most often touted for creating millionaires around the world however is real estate investing. Even in the field of real estate there are several different investment styles. Each style involves varying degrees of risk on behalf of the investor. If careful consideration is taken there is a type of real estate investment that is best for most people though there are some that real estate will never be a good investment for. Those who are simply not cut out for real estate investing are those who love to watch the ticker roll across the computer monitor or television screen indicating the worth of their portfolios on a daily basis. Those who need to see in print [...]

By | 2015-02-12T02:56:32+00:00 February 12th, 2015|Blog, Featured, Property Management|Comments Off on Is Real Estate Investing for You?

Is an Inspection Really Necessary?

One question that seems to be commonly asked among those who are interested in real estate investment, particularly in flipping properties, is whether or not a real estate inspection is really necessary. The long and short answer to that question is absolutely and I will do my best to explain exactly why this is so. First of all, a real estate inspection is the act of having a qualified (and in many states, licensed) professional take a look around the property you are considering and informing you of obvious and potential damage or problems with the property. This is not something you want your uncle Bob doing, unless of course, good old uncle Bob has had the training and experience to know what to look for in an inspection and [...]

By | 2015-02-12T02:51:47+00:00 February 12th, 2015|Blog, Featured, Property Management|Comments Off on Is an Inspection Really Necessary?

How to Find a Good Real Estate Investment Property

There are many ways in which you can find a great property for your real estate investment. The problem lies in the fact that many would be investors aren't exactly certain what specific types of investment they wish to make. Unfortunately, the type of investing will greatly affect the type of property that will best suit your real estate needs. This article focuses on finding a great property for the purpose of flipping or rehabbing a property. Seek Bargains This is absolutely a necessary step when it comes to finding properties with excellent potential as flipped properties. Bargains are often sold at bargain prices for a reason. The good news is that many of these reasons are purely cosmetic and quite simple to fix. Finding a realtor that is willing [...]

By | 2015-02-12T02:43:22+00:00 February 12th, 2015|Blog, Featured, Property Management|Comments Off on How to Find a Good Real Estate Investment Property

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 for a second.... You buy a great investment property (on paper) at a great price that should pencil out some pretty nice returns. But over time, due to extended vacancies, poor resident screening, high turnover costs, etc... your returns (if any) are nowhere near where you thought they'd be. This is compounded by the fact that investment properties derive their [...]

By | 2016-06-23T16:52:58+00:00 January 18th, 2015|Blog, Featured, Property Management|Comments Off on Property or Property Management… Which comes first?

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 prospects. There is a process, and it all starts on the phone. Here are is the engagement process for identifying prospective tenants to become the next resident for your property: The Phone Call: Be polite and friendly. During the course of the conversation work in questions about length of time at present residence, why they are moving, do they own pets, and so [...]

By | 2015-01-18T03:48:24+00:00 January 18th, 2015|Blog, Featured, Owners, Property Management|Comments Off on Resident Screening Tips