Top City Searches in Tennessee
Tennessee: The Volunteer State
Tennessee has an estimated population of 6,916,897 residents. The state capital and largest city is Nashville. Known for its vibrant music scene, rich history, and many outdoor activities, Tennessee attracts countless new residents and tourists alike.
In terms of arts and culture, Tennessee does not disappoint. There are numerous museums scattered throughout the state, such as the Tennessee State Museum
, the Country Music Hall of Fame and Museum
, the Frist Art Museum
, and the Parthenon
. The Volunteer State is also home to four major sports teams. These are the Tennessee Titans (NFL), the Nashville Predators (NHL), the Memphis Grizzlies (NBA), and the Nashville SC (MLS).
Colleges and universities located in Tennessee include the University of Tennessee
, Vanderbilt University
, the University of Memphis
, and Belmont University
. Other attractions include Great Smoky Mountains National Park
, the Grand Ole Opry
, the National Civil Rights Museum
, and Ryman Auditorium
The State of Tennessee's Rental Market
Tennessee has an attractive rental market. The median sale price
for a home in this state is $330,000, representing a 15.8% year-over-year change. There are also many renters in the Volunteer State. In fact, renters make up 33.7% of its total population.
Image via towncharts.com
As for rent, landlords will be happy to know that rental prices have been rising in Tennessee since 2011. As of 2019, the state had a median rent of $904. While this was lower than the national median, it is still higher than many other states.
Image via deptofnumbers.com
Plus, Tennessee does not have statewide rent control policies. There are also only a few requirements when it comes to housing standards. These things make the Volunteer State a landlord-friendly place to be.
Why You Need a Tennessee Property Management Company
Tennessee is already packed with rental properties, and its prospering rental market will unquestionably attract more property investors. While this is definitely a practical way to make extra income, not everyone has the time or expertise needed to operate a rental property without fail.
As a landlord, you are obligated to fulfill a number of tasks, including but not limited to:
You also need to manage your budget wisely, make tax preparations, and process evictions when necessary. When it comes down to it, landlord duties are hard to perform.
This is where a Tennessee rental management company can help. A professional company can assign you a property manager who will take care of your rental unit or home. They will be the person to manage all of your duties as a landlord, thus, making it easier for you overall.
- Listing your property for rent
- Finding tenants
- Screening tenants
- Showing your property to prospects
- Writing a lease agreement
- Enforcing your lease terms
- Conducting property inspections
- Ensuring your property is properly maintained
- Making necessary repairs
- Fielding tenant concerns
In Need of Property Management in Tennessee?
Searching for a professional management company to help with your Tennessee rental home? Rental Choice is a great place to start your search. Our user-friendly online directory lets you locate Tennessee property management companies and vendors by your city or zip code.