Knoxville Property Management Blog

Flipping Properties for Profit: Strategies for Success in Knoxville

According to The Motley Fool, the average ROI for house flipping in Q2 2024 was 28.7%, with an average profit of $70,250.Real estate flipping is a lucrative investment idea. It offers a chance to make quick money by buying broken houses, fixing them, and selling them at a profit....

What Rights Do Tenants Have Without a Lease: Landlords Guide

It seems strange, but yes, tenants have rights even if they don't have a lease. According to AP News, as rents continue to rise, eviction filings in 2023 and 2024 could be 50% higher than before the COVID-19 pandemic.As much as you want to evict a tenant without a lease, it&#...

How to Calculate a Vacancy Rate: Our Top Tips

Have you ever wondered how much vacant time is costing your rental property? For real estate investors and property managers, understanding how to calculate a vacancy rate is more than just a numbers game-it's a critical step in maximizing profitability and minimizing lost in...

Understanding Evictions: Guide for Knoxville Property Owners

According to AP, it's estimated that there are nearly 3.6 million evictions filed each year. If you're a landlord, evictions can be extremely damaging for you. Not only does it result in missed rental incomes, but it requires a lot of time, effort, and money.Plus, you nee...

3 Essential Knoxville, TN, Owner Disbursement Tips

Managing a rental property here in Knoxville requires not only ensuring smooth operations but also handling finances efficiently. One of the most crucial aspects of property management is owner disbursements, the process of sending rental income to landlords.As a full-service pro...

4 Essential Tips for Commercial Property Valuation in Knoxville, TN

You're standing on Gay Street in downtown Knoxville, eyeing a prime piece of commercial real estate. The historic brick facade whispers potential, but your wallet demands wisdom. As an investor in Knoxville's booming market, you know that one wrong move could cost you mil...

Top Strategies for Commercial Property Maintenance in Knoxville

In the heart of East Tennessee, Knoxville's commercial real estate market is booming. But as any seasoned property manager knows, a building is only as good as its upkeep.Maintaining these commercial spaces isn't just about curb appeal. It's about protecting investmen...

5 Essential Tenant Criminal Background Check Tips

According to the National Conference of State Legislatures (NCSL), about one in three Americans have a criminal record. With such high rates, you're more than likely to encounter several of them as applicants to your Knoxville rental property.A tenant criminal background chec...

5 Essential Lease Compliance Services for Property Managers

"Tenant in custody after argument and shooting at Knoxville apartment." 6 News On Your Side posted this story after police responded to a landlord/tenant dispute. Chances are this escalated from a lease agreement breach.It is the last outcome you want as a property owne...

The Power of Professional Property Management Associations: Advancing Your Career in the Industry

Are you looking to boost your career in the property management industry? Joining professional property management associations can help you reach your full potential.These groups offer many resources and networking chances that can help you grow your career. Learn how becoming a...