All Forum Posts by: Leanne Kreps

@Tim White thank you. Closing on my first tear down there next week and looking at another one that I think could be good to buy and rent for the next 5-7 years. I think the area has great potential. I have been investing in Nashville for quite some time but the market is tapped out. I really like Huntsville and Chattanooga. 

Any investors familiar with the Lowe Mill area of Huntsville? It's pretty rough at the moment but an investor from Nashville has several new construction homes coming. I think within 5-10 years it turns into a completely revamped area. I have purchased in the area and just looking for any more insight anyone may have. I am also form the Nashville area. Thanks!

Jon D. I do a lockbox because it is much easier. There can be problems with keyless entry. Some people have never had an issue but I prefer just regular keys. It varies month to month how much time I spend on it. I think on the high end maybe 5 hours. Once it is up and running it is easy to maintain. It's getting a system in place and everything ready that is hard work. It isn't hard to manage bookings. You need a good cleaning lady or cleaning crew. That is one of the most important things. And I would suggest making a checklist for the crew so they go over it each time they clean. Forgetting to check for tv remote or forgetting to refill the coffee can cause a bad review and it's all about the reviews.

Have you asked to see the tax returns from the last year? 

Hi Jon - I have done an airbnb/vrbo here in Nashville for over a year and have had good success with it. Happy to help with any questions you may have. 

I currently own 4 rental properties that are are single family. Three of them have long term leases and I do short term rental (airbnb/vrbo) on the 4th. I have spent countless hours researching the multifamily side and I'm looking for some advice on why multifamily seems to be the way to go. I am in the Nashville market so I think my view is a little skewed. One of my single family rentals doesn't produce monthly cash flow and I break even on it but the appreciation in just 3 years is unbelievable, much more so than I think if I would have went the multifamily route. I am thinking of selling this residence and making my first multifamily purchase. I am trying to make sense of the numbers. The same goes for my short term rental, it has produced great cash flow. Any scenarios or advice would be greatly appreciated on why multifamily wins out in the long run. Thanks so much!

Leanne