All Forum Posts by: John Williams

Go with the cheaper option. You'll sell the building before the unit goes out. 

 Hire a property manager. 

Clarksville, TN is landlord AND business-friendly!

 You can do this in/around my market (depending on your financing). 

Hey Michael, I am a broker and property manager here in Clarksville, TN. In my humble opinion, your business plan will be much more important than the market. Sure, Nashville is a great city - but it is also very competitive. There are so many ways to succeed and build wealth with real estate (in any market). I think the better question to ask is, in any given market, how will you differentiate yourself and add value to the marketplace?

Hey what's up Andrew, have you found a brokerage to call "home?"

Hey Noe, I am a broker and property manager based in Clarksville, TN, a great market for investors like yourself. Let me know if I can help!

Consider the screening criteria they use to qualify your tenant! Property management companies vary greatly (even within the same market) on their qualifying criteria. Make sure you are comfortable with who they place in your property! 

Cash flow is tough right now! Get your foot in the door and aim for a break even (if it means you can get started). If possible house hack (on a single family or small multi). 

Inheriting tenants isn't necessarily bad - just do your due diligence on them (as well as the property itself). Are there deposits on file? Do they pay on time (all of the time)? Review their applications and the screening process used to approve them as well.