The Benefits of Building a Strong Community in Your Rental Properties | Nashville Property Management
Omni Realty Nashville
by Lee Blackburn
1w ago
If you rent out multifamily properties, it’s a good idea to think about those properties as communities, rather than just buildings or developments. Tenants are hungry for a sense of belonging. They want to feel like they’re at home, even when they’re renting. They feel more valued and appreciated when there’s a strong sense of community where they live.  Venn Neighborhoods conducted a study that was released last year which showed that renters are willing to pay more for a great rental experience.  The study revealed that things like hardwood floors and granite counters aren’t nearl ..read more
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Maximizing Energy Efficiency in Rental Properties: A Guide for Property Managers to Improve Savings and Sustainability
Omni Realty Nashville
by Lee Blackburn
1M ago
Are you thinking about energy efficiency in the homes you’re renting out?  You should be. More and more tenants are interested in sustainability and protecting the environment. Everyone is thinking about their carbon footprint and looking for ways to be less destructive when it comes to the planet and our natural resources. Most of your qualified tenants want to live in homes that aren’t energy vampires. All of your tenants want to keep their energy bills reasonable.  Maximizing energy efficiency is more than just a trend. It is becoming a profitable way to do business and a responsi ..read more
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Strategic Property Management: Unleashing the Power of Location in Selecting Neighborhoods for Investment Properties
Omni Realty Nashville
by Lee Blackburn
2M ago
Most Nashville real estate investors understand the importance of location. It drives pricing, it determines whether your property is attractive to prospective tenants, and it dictates how you’ll proceed when it comes to buying, selling, listing, and marketing.  The location of your property will impact what you earn in rent, how well you retain tenants, and how much the value of your investment increases over time.  These are the basics.  When you understand the importance of strategic property management, you’ll focus on location as you look for potential investment properties ..read more
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Resident Retention: 5 Simple Property Management Strategies to Retain Residents
Omni Realty Nashville
by Lee Blackburn
3M ago
As Nashville property managers, we’re always trying to create a great rental experience for our tenants. It’s a priority for us because it leads to better tenant retention.  Tenant turnover is expensive for owners, and we want to help you avoid that expense. We also know that turnover can disrupt your cash flow and your consistent rent collection. It leads to vacancy loss, and it often involves expensive repairs, upgrades, and cosmetic improvements. There’s cleaning and marketing to be done. All of which needs to be paid for out-of-pocket because there isn’t any rent coming in on that par ..read more
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Making Sense of Your Property Management Finances: How Monthly and Year-End Accounting Reports Help
Omni Realty Nashville
by Lee Blackburn
4M ago
How organized are your property management finances?  We know you probably didn’t get into real estate investing because of your love for spreadsheets and profit and loss statements. Accounting feels like paperwork. Financial reports can seem like extra work.  However, these monthly and year-end accounting reports help you to: Understand where you are financially with each property and your portfolio as a whole. See where you might need to make some changes in leasing, maintenance, improvements, etc.  Make better investment decisions. File taxes. Create a budget for the upcomin ..read more
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Property Management Insights: 5 Reasons Why Nashville is the Perfect Location for Your Investment Property
Omni Realty Nashville
by Lee Blackburn
5M ago
Real estate investors looking for their next investment property would be wise to consider Nashville. It’s a vibrant city steeped in music history and culture. But it’s more than country music and entertainment; Nashville is also a growing real estate market.  There are a number of excellent reasons to choose the Nashville market for your next investment. Here are five reasons why Nashville is the perfect location to buy a rental property.  1. Population Growth Creates a Large Tenant Pool Nashville’s been growing. The population surge in this region could be due to any number of thin ..read more
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How to Succeed In a Competitive Real Estate Market
Omni Realty Nashville
by Lee Blackburn
5M ago
How are you feeling about the current Nashville real estate market?  We’ve had some ups and downs, and the last few years have been mildly crazy. Even as things begin to settle down and balance themselves, the Nashville real estate market remains competitive and attractive to investors from all over the world.  Wherever you happen to find yourself now – buying, selling, renovating, or simply re-evaluating, we want to help you stay up-to-date on how things look and where things are going.  We want to help you succeed in a competitive real estate market.  This is part of the ..read more
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Optimizing Investment Choices: Harnessing Property Management Insights through Data Analysis of Market Trends and Property Performance Metrics
Omni Realty Nashville
by Lee Blackburn
5M ago
If you’re working with a smart Nashville property management partner, you’re likely getting more value than you realize. Property managers are great at leasing homes, enforcing lease agreements, and managing maintenance, but there’s so much more we can do for you.  We think of ourselves as investment partners; we want to help you succeed and grow your portfolio with the help of our expertise and resources. As you make decisions about what to buy, what to sell, and how to improve your current real estate investments in order to earn more money, we can support you.  By harnessing prope ..read more
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Recent Nashville Market Stats
Omni Realty Nashville
by omnirealty
5M ago
September 9, 2023 The City of Nashville is growing at a rate of 98 people per day according to the Nashville Business Journal, which creates a much greater demand for real estate according to doorloop.com. The inventory or available houses in July of 2023 was 9,892, and only 3,001 of those properties were actually purchased. These include four kinds of properties: Residential, condominium, multi-family, farm land or just the lot itself. The median price of these properties were only calculated for residential and condominium with residential sitting at just south of $480,000 and condominium at ..read more
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White House Single family homes Developement
Omni Realty Nashville
by omnirealty
5M ago
September 19, 2023 White House, Tennessee is on the rise with its massive development of new homes and neighborhoods. According to the Tennessean, in 2022 a national home builder was looking to build 959 homes on Burrus Ridge, which was later scaled down to 653 units. This was a 412 acre plot of land bought for $1.675 million. The board of Mayor and Aldermen in White House will have to approve rezoning requested on behalf of Lennar Homes. The land originally was planned to be a future home community and an 18 hole golf course. The homes on this land have not yet been started because approval i ..read more
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