All Forum Posts by: Adrienne Green

Thanks for your insight, @Jackson Malcolm

@Jackson Malcolm maybe you can give some insight here?

Hi @Lance Foster!  You'll find Chattanooga has a similar vibe to the west coast in some ways- it's a beautiful area, and people are very outdoorsy.  Of course Chattanooga is the best city ever, so it's better in every way. ;-)

Demand is outpacing demand for contractors here (like most areas, I know!), and another investor friendly contractor would be well received.

When you visit, Brandon King of DK Property Management hosts a monthly networking event you may find worth attending.  

Best of luck!

Hi @India Campbell! I think there's a ton of potential with the STR market (and MTR as well!) in Chattanooga. It is such a tourist destination year round! As far as the permiting process, I would recommend calling Caleb Fisher, the city inspector who's in charge of the STR permits, directly. He's a really nice guy, and he has data on neighbor objections from past notifications. So he can effectively tell you where getting a permit is challenging, and where it's been easy. I heard from him just this week that Southside south of Main St has been an area where a neighbor gets others fired up and objecting to STRs.

@Ian P. is a local PM who manages STRs, he may be able to help further!

Hi @Jonathan Weaver we are not meeting currently

I'd say it's easier to consider the specific tasks you want done, it sounds like new roof, siding, and electrical?  Based on the quotes I've seen, a new roof is $6,500-8,000 depending on how bad it is (if sheathing needs to be replaced, etc), and to run all new electrical can run $3-10k (huge range, I know, that's the highest and lowest I've seen).  I don't have enough experience with quotes on siding to weigh in on that.  

@Chris Mason  that was the most enjoyable read I've had on BP in a while! 

http://eastinsurance.net/ is based in Nashville and specializes in working with real estate investors, I've had good experiences with them.  Matt Ollis is the person to speak with.

Hi @Josh VanVoorhis, based on your description, it sounds like you're looking for a B class property that's rent ready?

Definitely doable, as someone who works with a lot of buyers, I'd recommend getting the tenant out and then selling.  The time and money you spend evicting is going to be worth it as you'll get more for the house.