All Forum Posts by: Brian Levredge

The issue with this is the broker is the one responsible for auditing all the files and they are the ones on the hook with TREC if things aren't done properly.  It's one thing to have good systems in place, but it's another to go through all that info on a semi-regular basis.   So with that said the split can eat into your margins.  I've got my own PM company here in town so happy to discuss if you'd like. 

Feel free to msg me.  I should be around for part of June. 

@Brad 

@Brad Fisher, It is.  

What parts of town are you looking to build in?  I'm actively building homes in Chattanooga and NGA and have been here for the last seven years now.  

This is somewhat close to me.  You should pass on it, as advised above.  

@Daniel Barnhart.  Congrats on the move! We moved here from SoCal 8+ years ago.  One of the best decisions I ever made. 

@Greg Westerfield, Jr., Washington Hills is an ok area.  I don't love it for several reasons.  First, the homes are generally in the 50+-year-old range.  Not terrible but you'll be dealing with things.  Second, while that area is a decent pocket itself (older residents that keep up their homes, on average) it's surrounded by some areas that aren't decent at all.  There are a lot of areas that are gentrifying rapidly downtown and that's pushing a lot of lower-income residents out of that area.  Most seem to be going north to the Hwy 58/Bonny Oaks/North Brainerd areas.  So the question I have is what happens to those areas longer term?  It's not a guarantee that it declines per se but as someone who lived out off 58 for five years, I can say I'm glad I'm not out that way anymore.  

@Jeffrey Holst

In Hamilton County there is a mill rate of .25 on residential properties (1 unit only) and .40 on virtually everything else on property taxes.  So duplexes and up pay roughly 40% in property taxes than single family.  There is a homestead exemption for owner occupied (1-4 unit).  

@Justin Boggs. That's East Lake.  Someone else already chimed in here that it looks like a C or D area.  That is accurate.  Demographics down there are changing somewhat but it's going to be a long time before East Lake gentrifies.  You can do decent down there, but with prices having gone up as much as they have it increases your risk somewhat.  We manage down there and for the most part, don't have too many issues.