All Forum Posts by: Kara Jordan

@Blake Hise are you open to East Nashville?? 
We have a house there that the lease ends at the end of May. We haven’t heard yet if the current tenants will be renewing or not. If not I can let you know!! It would be in that price range. We are strongly considering upgrading the kitchen if the current tenants don’t renew. 

Feel free to PM me!! 

@Jonathan G.

That is a reason I don’t really feel comfortable having tenants responsible for paying hoa fees.

Yes! I don't think I did a very good job marketing the trash and pool being included in rent during the last vacancy.  Right now we just pay it out of the rent, just trying to think about if there was another way to optimize in the future since it does increase almost every year. 

Thanks for your response! 

That makes complete sense about utilities being charged back because they are variable, duh (I had not thought about it that way) 

I'm just trying to think of options for the future, how we can better optimize our rentals. Right now it is just included in the rent, however I don't think I did a good job of marketing the community amenities as reasons to have a higher rent than another similar house without trash included or the pool/tennis court.  

Thank you for your response! 

I know some landlords pay utilities like water, electricity... and charge it back to their tenants. Is it possible to do the same with the HOA and charge it back to the tenant? I have a single family that the HOA covers trash, pool, tennis court. It's $79/month, so no not the end of the world to have to pay, but would be nice to have the tenant responsible like they are for the other utilities! Increasing the rent this amount would still be a reasonable rent for the area, so that's probably the best option. I could see advertising a lower rent might psychologically make people feel like they are getting a better "deal" on the house thou.

Nashville has been cracking down on short term rentals and making them more and more difficult to have, I believe they will not be giving out any new permits for not owner-occupied STR as of January 1, 2022. Now plenty of investors have them, so it is obviously possible. Just make sure you do your homework! Good luck to you!

We were able to put 15% down on an investment property we bought at the end of 2018 (have still been saving for our next...) I am happy to share who our lender was! We had a great experience. We did have to pay PMI on it for putting less than 20% down and had a slightly higher interest rate. In 2020 we refinanced into a lower interest rate and got rid of the PMI totally. No regrets! Feel free to PM me and I'll send you who we worked with.

Hey! Are you still looking for someone to build a porch? We are having a deck/screened in porch built right now and the guys are great! If you are still interested I can message your their phone number. They do have full time jobs but have been over at our house every afternoon, and at least one weekend day all day unless the weather is bad. They are super hard workers and have been doing an awesome job. 

@Charley C.

That’s a good point that the gfci circuit, I forgot about that!! We will look into getting a gfci tester, sounds like that would be worth having!

@Aaron Hollingshead

Thank you for this!!

I should have added this was on our personal house and we didn’t have to pull any permits or anything so there are no required inspections. I’ve just been considering paying a home inspector to come out.... would also give my husband a good to do list lol!!