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11 November 2021 | 5 replies
There has been new regulation voted on in the earlier part of 2021 that will phase out new permitting for owners of these RM zoned properties throughout Nashville starting on Jan. 1, 2022.If you purchase a property in this zoning, close, and apply for your permit prior to Jan. 1, 2022 then you will be grandfathered in on this zoning and your STR permit as long as you keep your permit active with a yearly renewal fee (currently $320 with a credit card).However, if you purchase a property in Nashville that is currently an STR at a current income-based appraisal approach in these zonings it is important to know that you will more than likely not be able to resell this property to anyone else under this appraisal approach and could greatly affect your long term plans of these types of properties.I have had several other realtors, investors, developers speak with me recently with the solution that they could simply put the property into an LLC and then sell the whole LLC in order to skirt around this new regulation.
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23 August 2022 | 2 replies
Especially considering in the last few years, some properties have appreciated 30% to 50%.I don't a practical experience with any of these, but I'm looking into it as well.
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17 November 2021 | 4 replies
I have a mixed use Commercial building and am needing advice on Vetting and Selecting Commercial Tenants. Building is in a downtown area that is growing/developing/lively. Across the street from a large Church. NO ent...
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14 November 2021 | 40 replies
Some states regulate what, if anything, you can require a tenant to be responsible for in terms of maintenance.
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15 November 2021 | 8 replies
Tons of practical advice, some forms you can edit/use, and links to your state-specific laws.
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12 November 2021 | 1 reply
Needing help on best practices to vet commercial tenants and best leases to use. ( NN or NNN and why) Info: 1 6000 sq/ft. building.
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17 November 2021 | 6 replies
She has not had heating or air since August (practically since the time she has moved in).
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12 November 2021 | 0 replies
While I can understand some of the desire for rent control there are other more practical and productive ways to assist families in need of housing (IE fix the broken section 8 programs around the country) I would prefer however that all of you out of state investors get out of "our town" so that the prices can go back to normal for us locals, which should in turn help keep rents down a bit locally .....
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13 November 2021 | 2 replies
Copy of renter insurance - is it a best practice or a mostly required item?
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15 December 2021 | 30 replies
I own a three-unit in Chicago which has strict regulations about accepting security deposits therefore I've recently started doing non-refundable move-in fees as most landlords do here.