All Forum Posts by: JT Spangler

I don't think East Nashville is anywhere near a bubble. There's a legitimate influx of jobs and people, and until that slows down Nashville isn't plateauing. There are other much more attractive investment areas of town, though.

That said, those numbers are horrid. And you can expect your insurance to be at least twice what you're estimating.

@Rob Gleason , @Art Allen you've missed the point by quite a ways. My question was not "How do I handle the situation?" (you might note that I've already got it handled), rather, it was "Anyone have thoughts on where the liability lies, should a more serious and expensive version of this story take place at some point?"

As I said initially, the fix is in and the tenant is aware that we're going to have to communicate better, so all is good in that regard. 

Thanks for all of your input. :)

 The agreement was that he was going to do that, and I'd repair it when I got back to town the next week. So, yeah.

Situation is this: tenant informs me that the door to the walkout basement (currently unfinished/storage) is open, but that nothing seems to be missing/damaged. Hypothesis: the wind blew it open. I tell him to just close it up and I'll take a look next week when I'm in town. 

Then, the worst icestorm of 30 years comes through, and the pipes freeze. Come to find out, the basement door actually was torn off of 2/3 hinges and is frozen wide open, so zero degree wind is whipping into the basement, clearly causing the pipes to freeze.

Now, I'm gonna fix them, no issue (good tenant with a good relationship), but it occurred to me that I'm not entirely sure where the liability lies on this one.

Clearly, the fact that he didn't accurately report to me the status of the basement door was the reason the pipes froze, but I'm not totally clear on whether or not that has bearing here.

Thoughts?

Dude, congrats on the new podcast! I'm excited to check it out.

The numbers are wasted on Ben. He's convinced his way is the 'right' way, and all other ways are the 'wrong' way, which is misguided, but whatever works. :)

Nice, that's awesome!

It's listed on zillow for 260k.

My suggestion is to look in Heyworth, Illinois, for starters. :)

The phrase 'best area to invest in' is too vague to really get a good answer. It depends on your investment goals, knowledge, reserves, risk tolerance, and a handful of other factors.

It sounds like you want to flip houses. There's a TON of information here and on the podcasts about flipping -- I'd start there. You can flip any neighborhood in Nashville if you have the right team and buy a good property, but if you're just starting out you might want to try somewhere where the cost of entry isn't quite as high. Inglewood, Trevecca, someplace like that.