I’m glad to see rents are increasing in Nashville. I hope those increases will filter into Chattanooga. I haven’t seen any big increases lately, but I don’t think I have as many units as your team. I checked out your website and it looks like you rent quite a few units.
I was able to renew another 1 year lease at the same rent rate last week and I felt fortunate. I didn’t even try for an increase since this tenant has been so good. My next renewals come up in April and I’m hoping they will renew for another year or go month-to-month with an increase.

Thanks for the comments and support. I’ll be sure to check out both of your websites as well.

Sarah - I would agree that managing a property from a distance would be difficult without a property manager. If I inherited one that was located several hours from my home, I’d probably use a property manager. I’m not sure I’d go out and purchase a property for pure investment if it weren’t located close to me. I just like to be able to keep an eye on my investments.

Thanks,
Michael

Nice informative post. You have very valid reasons to suggest not to use a property manager. One additional consideration, however is location. For example, Costa Rica property management might be a good idea if you yourself are not located in Costa Rica, or don’t speak Spanish or understand the culture. Would you agree?

Thanks for the comments. It was good to get insight from a vendor. I haven’t heard many stories of satisfied Learning Annex customers that went on to be successful after attending the conference. The high pressure sales atmosphere and management not honoring promises will probably eventually cause the Learning Annex to flame out.

Thanks again for your insight.

Michael