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Updated about 2 years ago on . Most recent reply

User Stats

15
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7
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Logan Rhea
  • Real Estate Agent
  • Nashville, TN
7
Votes |
15
Posts

$400+ Monthly Cash Flow in Nashville Duplex

Logan Rhea
  • Real Estate Agent
  • Nashville, TN
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Would you do self management or hire out a property manager for this? Both sides are renovated and updated.

Looking for a few different clients

  • Logan Rhea
  • Most Popular Reply

    User Stats

    74
    Posts
    57
    Votes
    Hunter Vigneault
    • Real Estate Agent
    • Boca Raton, FL
    57
    Votes |
    74
    Posts
    Hunter Vigneault
    • Real Estate Agent
    • Boca Raton, FL
    Replied

    This may end up being a good play over the long term (and I don't know this property specifically), but personally I think the assumptions could be a little more conservative. I expect the calculator would show this to be slightly underwater on the cash flow after adding in management and making some adjustments to the vacancy and maintenance assumptions.

    Regarding the management question, I think you should always factor in management expense to judge the performance of the asset itself and then you can decide if you want to "get paid" the market amount for doing the job of a manager. For me, the answer is always to hire it out.

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