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So far Brian Levredge has created 10 blog entries.

Addison at Bella Vista – Stop Wishing, Start Living.

Come as you are, everyone welcome! - Refreshments & Giveaways - Old Fashion Camaraderie You are invited to take this opportunity to view a staged 3 bedroom 2.5 bath condo in one of the most convenient locations in Chattanooga. We will also have open for viewing 2 other condos, a 3 bedroom and a 2 bedroom.  This development was completed in 2011, one of the newer complexes in the area.  You will be delighted at the open spaces, large windows for sunlight, granite countertops, cherry cabinets, etc and LOCATION! With easy access to I-75 and just minutes to shopping, restaurants, and entertainment venues. REFRESHMENTS AND GIVEAWAYS! BRING YOUR BUSINESS CARDS! $200 Value Product Drawing September 25, 2019 2 PM - 4 PM. Addison at Bella Vista   |    Stop Wishing, [...]

By |2019-09-19T17:28:13+00:00September 18th, 2019|Real Estate|Comments Off on Addison at Bella Vista – Stop Wishing, Start Living.

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 illustrate, but we think you get the point. So what does this mean for you as an investor? More than likely it means it's harder to find a good deal. It also means you most likely pay more for the deal you do find. The question then becomes should you make the purchase? The answer, [...]

By |2016-04-05T20:30:57+00:00April 5th, 2016|Featured, Owners|Comments Off on Is Now The Right Time To Buy Rental Property?

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+00:00April 4th, 2015|Blog, Featured, Owners, Property Management|Comments Off on 5 Questions To Ask Your Potential Property Manager

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 preceding sentence bears a lot of truth but the second part does not. The reason it gets thrown around so much is because it makes the pitch sound that much better, and thus easier to sell. Before we go much further it bears exploring what passive investing actually is. From Merriem-Webster's online [...]

By |2015-02-24T03:20:39+00:00February 24th, 2015|Blog, Featured, Owners|Comments Off on The “Real Estate Investing Is Passive” Myth

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 depending on the market). As a new investor, there is definitely an attraction to the paper returns offered by the lower priced house. The cost of entry is much lower obviously, and the ROI's often pencil out to +20% (which for an all cash investment is very enticing.) Generally speaking, however, there is usually a good reason why the property was so cheap in the first place. Homes that sell in that [...]

By |2015-02-24T03:24:36+00:00February 21st, 2015|Blog, Featured, Owners|Comments Off on What Is The Right House For You?

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 consumer, in your decision making process. Renting a House Pros: Cost: Rent is generally much cheaper in more expensive markets than the cost of a mortgage, taxes, and insurance (PITI). Maintenance: Maintenance is provided by a third party.  (If your roof needs to be replaced you're not on the hook for the bill. ) Time: Less of [...]

By |2015-02-17T17:33:43+00:00February 17th, 2015|Blog, Featured, Tenants|Comments Off on Renting vs. Buying: Which makes more sense?

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, as well as good freeway/highway access are all pluses. Areas that lack these traits can be more difficult to rent, so set yourself up in advance. Remember that residents don't just live in your house or apartment. They are part of a larger community as well. The subject property should be of high quality and well maintained. Appearances matter. You want someone [...]

By |2015-02-01T23:17:27+00:00February 1st, 2015|Owners|Comments Off on Attracting Quality Residents

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+00:00January 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+00:00January 18th, 2015|Blog, Featured, Owners, Property Management|Comments Off on Resident Screening Tips

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 and foremost: Jobs.  Job growth drives real estate appreciation and rent growth through increased demand. Ideally, you want to identify markets that are adding manufacturing jobs as those types of jobs have a multiplier effect that acts as a magnet for more job growth. This multiplier effect has been cited in numerous studies. For example, Chattanooga, TN is where Volkswagen manufactures cars sold in the US market. The plant presently [...]

By |2015-01-18T03:32:55+00:00January 18th, 2015|Blog, Featured, Owners|Comments Off on Your First Criteria For Investing
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