All Forum Posts by: Devan Mcclish

@Tanner Hale Congrats! Let me know if you need to work with a PM. Our rates are as low as 10% depending on the property

@Conner Bland send me what properties you might be selling. I have two of our clients looking for another STR right now

I own and manage STRs in Nashville. Send me a pm if you have any questions!

@Mario Am the property actually burned down on me about a year ago. We are rebuilding it now. I will sell it once it's complete

send a demolition company the address and what is on the lot, they can use google earth to give you a ballpark

Hey Everyone!

I wanted to let everyone on our list know about our Property Management rates at Olympus Property Management here in Nashville, TN! 

We go as low as 6.5% on long term rentals and 10% for short term rentals!

We also offer the first month free on any new unit we take on.

 Email [email protected] for a complete information packet on our company!

Nate,

Use @Matthew Anderson for a real estate attorney. Only sales pitch on him, you'll save a lot of money ;)

Katelyn - Your network is your net worth. Some very valid points above, but you also need to know people. Start networking with local people who are actively finding deals and coming across deals. Some of my best deals have come from wholesalers / agents. Others have come from direct mail, or some other form of marketing. I personally like mail and networking as my two main avenues. Other people like SEO, ad words, etc. There's a lot of different avenues but at the end of the day it comes down to who you know. Hope that helps! :)

Hey Simon! My best advice would be to short term rent it. We manage several STRs in Nashville including one bedroom or apartment style house hacking situations and they do very well. Just make sure you have your ducks in a row obtaining an owner occupied STR permit. You can go the long term route but you're likely not going to make as much. If you need any help on the management side, reach out to me

If you're in your due diligence phase, terminate the contract or renegotiate it. You also might be able to use your final walkthrough contingency if you have one to provide an out. The property would have to be the same or better than what you found it, obviously not the case here. You can also offer cash for keys for the new tenants or simply try to negotiate them out of the lease. If you have a financing contingency that could be another out for you in this scenario

If you need a property manager in the area, send me a message!