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Why is My Rental Property in Still Vacant; What Can I Do?

March 5, 2021

Every investor sets out to earn consistent cash flow and long-term returns when they rent out a property. This type of success depends on low vacancy rates and consistent rent

How Does Owning Rental Property in Nashville Affect Your Taxes?

February 24, 2021   It’s not always fun to talk about taxes, unless you’re a real estate investor. Owning Nashville rental property comes with several tax benefits. While you will be required to report your rental income on your tax returns, you can also use several deductions that are unique to rental property owners. You’ll need to prepare your year-end financial reports in order to prepare for tax time. If you

What Type of Landlord Insurance Do you Need to Fully Cover Your Nashville Investment Property?

February 19, 2021

For many landlords and even for professional real estate investors, a rental property is one of the biggest investments that will ever be made. There’s a lot of money sittin

Should I Get a Home Warranty for My Nashville Rental Property?

February 5, 2021 If you’re new to investing in Nashville rental property, you may be considering a home warranty. We strongly recommend against purchasing a warranty, and there are several reasons for this, which we’ll discuss in detail. Unfortunately, we’ve never had a scenario where the protections and savings offered by the warranty company actually materialized. It ends up costing more time and money, and leaves your Read More

Nashville housing market – 2020 recap

February 3, 2021

January 2021

The Greater Nashville housing market thrived in 2020 despite uncertainty surrounding the ongoing COVID-19 pandemic. Greater Nashville Realtors reported this month that total sales were up 6 percent overall in 2020 from 2019. There were 44,850 homes sold in the region, compared to 42,356 closings in 2019. Fourth quarter numbers were

Nashville is a Top 3 destination for people migrating due to COVID

December 22, 2020

December 2020

CNBC recently reported that Elon Musk, billionaire founder of Tesla, Inc. and SpaceX, has moved to Austin, Texas from California. Musk is among many wealthy business people, as well as everyday workers, who are deciding to escape larger cities and migrate to smaller, more affordable parts of the country. Nashville, TN finds itself in the top three cities that pe

“Red hot” housing market despite pandemic

December 22, 2020

November 2020

Nashville's housing market continues to break records during the COVID-19 pandemic. According to an article from Nashville's NewsChannel 5, local realtors are staying very busy showing homes to potential buyers from Nashville and beyond. The pandemic has many potential buyers looking to change up their living situatons. Increased demand and lower supply ha

Nashville third quarter sales data

October 9, 2020

October 2020

In a recent article, Greater Nashville Realtors reported a 17% increase in home closings for September compared to the same period last year. Closings for the third quarter rose 12% from 13,149 closings last month compared to 12,030 closings in September 2019. This indicates that Nashville housing market is in full recovery mode. Greater N

Nashville proving its resiliency in residential market

October 8, 2020 September 2020 Good news for the Greater Nashville area, as reported recently in the Nashville Business Journal - the housing market is proving to be very resilient despite an overall uncertain economy. "Greater Nashville quarter-over-quarter MLS data report new listings increased nearly 9% and the number of homes sold over the same period grew by 17%.", according to the

A Nashville Property Manager Explains the Difference between Pets & Service Animals

September 1, 2020 Legal issues surrounding your Nashville rental property are ever-present. There are constant changes in the federal, state, and local laws that involve fair housing, habitability standards, and other regulations and requirements with which rental property owners must comply. At Omni Property Management, we work hard to stay educated on the latest laws. We work closely with the National Association of Residential Property Managers (NARPM) and other state and local organizations to make sure we

Is a Tenant or a Landlord Responsible for Maintenance & Repairs? | Nashville Property Management Education

September 1, 2020 We know that when you’re renting out a property, it can create questions about who is responsible for taking care of maintenance, landscaping, and cleaning. Is it the tenant’s job or the landlord’s job? I t’s important to be clear about these responsibilities and expectations in your lease agreement. It’s also important to think about liability and risk. You don’t want your tenant patching holes in the roof, for example.

Providing a Well-Maintained Nashville Rental Home

What are the Pros & Cons of Self-Showing Technology for Your Nashville Rental Property?

August 26, 2020 Self-showings have become more relevant than ever. With the Covid-19 pandemic not coming to a close anytime soon, contact-free marketing, leasing, and property management in Nashville has become an important way to safely serve our owners and our potential tenants. At Omni Property Management, we use Rently, a self-showing technology that has had some great results for us. We can still show a property in

Historic highs for Nashville home sales

August 13, 2020

August 2020

July home sales figures show that the Nashville market continues to remain strong and an attractive choice for investors, even during this time of pandemic. Greater Nashville Realtors reports a 12 percent increase in home closings with 4,703 closings last month, compared to 4,189 last July. Contributing factors to this include low-interest ra

Nashville housing market showing signs of strong rebound

August 11, 2020

July 2020

Greater Nashville Realtors reported this month that home closings for the month of June are up 0.5 percent from last June. This marks the first increase the Nashville housing market has seen in three months, desp

Professional Nashville Property Management Keeps You Safe During a Pandemic

July 22, 2020

Renting out properties in Nashville became even more complicated when the COVID-19 pandemic struck. Fortunately, our team at Omni Realtors & Property Management has invest

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