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Real Estate Windfall

June 5th, 2007 at 7:24 am

"Absentee Investors" Fight for Voice in Property Rights Battle

in: news

TankTalk about a hot button issue.

 

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

 

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 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 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.  

 

 

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