All Forum Posts by: Jeb Williams

Hey, Cody! 

My family and I are originally from El Cajon, CA, so I understand the trepidation in starting there as an investment spot. I work with Rent My Home based in Clarksville, TN which sees a lot of traffic from the military base here, Ft. Campbell. 

Comparatively, Tennessee is on the expensive side compared to other areas in the country. But, that is driven by the high demand to live here. Nashville and its surrounding cities, including Clarksville, have seen an explosion in population growth since Covid. 

So, while it's not the cheapest place to start, I think the high demand makes it easier to find tenants on the rental side if that's what you're looking to do. Feel free to connect and message me on the side if you're looking to have a deeper discussion about Clarksville as a potential investment spot. 

 Sure thing! I'm happy to share any advice and/or tips that I've learned from my experience. Best of luck on your investment!

Hey, Douglas! 

I can't speak for Memphis, but I recently moved to Ashland City, Tennessee and started working with Rent My Home based in Clarksville, TN. Clarksville experiences strong renter demand stemming from the military base Ft. Campbell. Military bases are a great source of real estate traffic from new enlistees and people leaving the army. 

What kind of investment did you have in mind? Looking to buy and flip or cash flow a rental property? 

Hey, Christopher! 

I work with Rent My Home based in Clarksville, TN. It is a market with strong demand driven by the military base, Ft. Campbell. You're unlikely to find a deal in that price range here, but it is a great, family-friendly place to live with strong growth prospects. 

Since you won't be local, I'd advise you to work with a property management company that has a strong local presence. If you're going to work with a larger, national company, I'd advise you to inquire about the agent themselves. How long have they been in the area? What types of relationships do they have established with contractors? Local expertise should lead to better service with vendors and more accurate rental analyses. 

Hope that helps! Feel free to reach out if you want to discuss screening property managers further, or if you'd consider Clarksville as an investment spot. 

I work with Rent My Home and we are not currently operating in the Tri Cities area, but we could certainly help you out in the Nashville or Clarksville areas of Tennessee. 

Let me know if you need assistance with screening for a great property manager! 

I work as a Property Manager in Clarksville, TN and we've seen a real estate and population boom in recent years. The military base nearby, Ft Campbell, drives a lot of real estate traffic. The Nashville population boom since Covid caused a lot of people to look in surrounding areas for more affordable options (Clarksville being one of the go-to spots).

I can't speak for the other states, but TN has a lot of growing markets that have been booming lately. 

Hey, Poojitha! 

Here's some advice on the topics that you've mentioned:

1) If you're looking to build a long-term portfolio of rental properties, it might be best to leverage your cash and acquire more properties. If you're looking for short term cash flow, buying two properties with cash might be the better route. Ultimately, it depends on what your goals are. 

2) Tenant issues shouldn't be a concern for you. If you a hire an experienced property manager, they should have experience screening and placing tenants. Having strong screening criteria is a way to protect against tenant issues down the road. If homes are sitting on the market for a long time it could be because they are priced above the market and the owner is not being realistic. That's just one possibility. There could be several reasons for that. \

3) Yes, it's very important to have boots on the ground wherever you are investing. It will speed up the process of everything and they will likely already have relationships with local vendors. It's important to note that taking great care of tenants is an important part of property management. It can build value for you by increasing the chances of a lease resigning (less vacancy).

4) We operate in Clarksville, TN (and surrounding cities including Nashville). We've seen a lot of growth in recent years in terms of population and property value growth. Clarksville benefits from the military base close by (Ft. Campbell). Having a big economic driver like that is great for reducing vacancy. A lot of folks have been priced out of Nashville as well, so they've decided to move out to surrounding cities and suburbs. Those are two economic drivers that have benefited this area of Tennessee. 

Hey, Alex! 

It's certainly possible to find a property manager that would want to take over the management of a duplex or quadplex. I would recommend finding someone who is local to the area that you invest in. Bigger companies can treat your home like another number and they might not have as much insight into a specific community. If you're going to work with a larger company, I would look for reviews about the specific individual that you are working with (as opposed to the company as a whole).

You can start a management agreement as soon as you've closed on the sale of a property. The agreement can be signed before closing, but it will not be in effect until the sale is complete and closing documents have been provided. 

If you are purchasing a multi-family home that is tenant-occupied, I would proceed with caution and do your best to verify that they are good tenants. Some property owners will place tenants that don't have the best background knowing they will sell in the near future.

Hope this helps!

Thank you for the informative response, Brian! Do you have any advice on how to win trust with those clients? How would you sell your services to a client who is concerned you don't have enough manpower or experience to manage a project of that size? 

Does anyone have any advice on how to approach quoting services for properties with several units? Any tips, tricks, etc. for managing a complex with several units? 

Any advice on how to successfully quote and manage complexes of that size would be much appreciated.