"Absentee Investors" Fight for Voice in Property Rights Battle

TankTalk about a hot button issue.

 

Tonight’s Metro Council Meeting here in Nashville will turn out to be a rip roaring.

 

[tag-tec]Property rights[/tag-tec] continues to be on the agenda as property owners fight to maintain control over their real estate.

 

Some people don’t think landlords and real estate investors should have a say or a vote.   

 

That’s right, you can spend the money but you can’t have an opinion.  You can pay astronomical [tag-self]property taxes[/tag-self] but you’re supposed to keep quiet while others start dictating how you can manage your  own properties. 

As for the “historic” element- let’s face it folks, some of those old houses in Sylvan Park need to be torn down or at least  drastically renovated. 

 

This hits home for me because I’m one of those so called "absentee investors" Councilman Summers is referring to.  Not only have we spent a lot of money in that neighborhood, but we also  continue to spend a great deal of our precious  time with work and sweat. 

 

And yes, we expect to make a profit.  We’re providing [tag-ice]housing[/tag-ice] for some  nice tenants who are generally very  happy with their living arrangements.   If they were upset in any way believe me our phones would be ringing.  Generally, tenants are not shy about calling you.

 

But  this issue is not just a Nashville problem. Unfortunately it is growing all over the country.  

 

 

Read More

Popularity: 25% [?]

Blog Traffic Exchange Related Websites
  • blog traffic exchangeBen Stein Not Hot On Real Estate Here's an excerpt from Ben Stein's column about why he thinks real estate isn't such a great investment.That means the house has kept up with inflation -- barely.In fact, when I do the math, I realize that it hasn't fully kept up with inflation. Plus, the owner would have had......
  • Your first mortgageHow To Not Lose Your Pants On Your First Mortgage We are back again with the obtaining a mortgage series! Hopefully by now most of you guys have a better understanding of your financial situation and your chances of getting approved for your first mortgage. If you are pretty confident that your mortgage application will get approved, then congrats!......
  • foreclosedWhat You Need to Know Before Buying a Foreclosed Property As housing prices keep falling, many people are considering getting into the property market like never before. If you are looking for an investment property, now is certainly the time to strongly consider your options. However, before you get in over your head, there are a few things you need......
  • Credit Bubble - real estate bubble in lowest one third of housing marketWhen Will Real Estate Investors Get Government Stimulus Funds? Many, dare I say most, people believe that real estate investors caused the real estate bubble. At the risk of upsetting the entire mainstream and non-real estate investing crowds, I don't believe this is the case. Why? Because few people seem to be realize is that the real estate......
  • blog traffic exchangeThe Number One Mistake that Would-be Real Estate Investors Make I met with my friend's wife this weekend to learn more about her thriving real estate business. She helped to confirm what I suspected to be the number one mistake that new investors make: they expect to make good returns by paying "retail" prices for real estate. By "retail" prices,......

Leave A Comment...

You must be logged in to post a comment.

Login