The measure, approved by a 13-3 vote of the council, requires owners of residential rental properties to register those properties with the city, with renewal required annually. A registration fee of $25 will be charged. In addition, rental-property owners will be required to file a rental property registration form, which will list property owners names and contact information. Owners and landlords also must obtain information on any criminal activity of prospective tenants prior to agreeing to rent to those tenants. Landlords will be required to conduct a comprehensive criminal search on all prospective tenants prior to executing a lease or rental agreement.
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Report: Nashville’s rental home market a ‘hidden gem’ for investors
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The list highlights markets where competition is low from institutional investors. “Buying single-family homes as rentals still yields solid returns in many markets across the nation, but it is difficult for individual investors and even small-to medium-sized institutional investors to find reasonably priced inventory in markets dominated by the 800-pound gorillas in the single-family rental space,” said Daren Blomquist , vice president at RealtyTrac, in a news release. “With this analysis we’ve identified the top overlooked markets where single-family rentals still make good financial sense but where there is little to no competition from the big players.” Bob Parks, CEO of Bob Parks Realty , said rental properties are producing strong returns in Nashville.
For the original version including any supplementary images or video, visit http://www.bizjournals.com/nashville/blog/2013/09/reportnashvilles-rental-home-market.html
Details of private rental flats at former Athletes’ Village
The Athletes Village at the Queen Elizabeth Olympic Park Credit: Press Association Details of the affordable homes in East Village were released in July . Today, we get the figures for the privately rented half – run by Qatari Diar Delancey. More top news
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