5th and Main Condos Boot Renters Out

April 13, 2010 by admin · 18 Comments 

In the wake of the project losing FHA certification, the lender is quietly booting ‘lease purchasers’ out of the building who have no intention of consummating a purchase. Why? It’s simple. Under HUD’s revised rules, a condo development must be at least 50% owner occupied in addition to at least 30% sold or under contract [...]

Icon in the Gulch Condo Price Update

August 23, 2009 by admin · 16 Comments 

After a quick trip to the Davidson County register of deeds Friday morning, I have confirmed that 38.33% or 161 condos have closed as of 8/21/2009. The Icon is averaging over 11 closings a month for the past 3 months which would put the development at sell out in approximately 2 years. This is a pretty strong absorption rate for what most [...]

Nashville Rental Properties are Scarce

July 1, 2009 by admin · 2 Comments 

This television interview entitled “Nashville rental market booms” appeared on News Channel 2 on June 16th, 2009. The reporter is Tiani Jones: NASHVILLE, Tenn. – While the real estate market remains a tough sell, the rental market in Nashville is red hot. According to local real estate experts, owners of luxury condominiums and million dollar [...]

Real Living Properties Caught in Clarksville Fraud

June 16, 2009 by admin · Leave a Comment 

When hiring a property management company you need to do your due diligence to be sure that you are dealing with a reputable company. This article entitled “Woman Hired To Collect Rent Checks, Pockets Money” appeared on the News Channel 5 website on June the 16th, 2009: ‘CLARKSVILLE, Tenn. – A woman was hired to [...]

5th and Main Condos are Taking Offers

March 18, 2009 by admin · 1 Comment 

In case anyone is interested in picking up a Nashville condo on the cheap, the 5th & Main condo project is now taking offers. What do I mean by offers? I mean that the entire project has been taken back by the bank and the bank wants to sell off the remaining condos as fast as [...]

12 Nashville Real Estate Predictions for 2009

November 27, 2008 by admin · 1 Comment 

One of the many tasks my clients expect me to be able to do is to predict what is going to happen with home prices, appraisal values, and time on the market. I only wish that I had a crystal ball to be able to advise them 100% accurately, but unfortunately, that tool does not [...]

“For Sale” Becoming “For Rent”

July 13, 2008 by admin · Leave a Comment 

With the national housing market in the tank, demand for rental property is increasing. But it looks like the supply of apartments also is rising quickly despite little new apartment construction. According to a new report from Goldman Sachs’ U.S. Economic Research Group, about 1 million for-sale units were converted to rentals during the past [...]

Luxury Rental Property in Nashville, TN

May 26, 2008 by admin · 1 Comment 

Cumberland Commercial Partners, LLC. is a full service property management company located in Nashville, TN. Summit Property managers specialize in residential and corporate property management only and have over 60 years of combined experience. By specializing in “Residential Properties”, our professional and caring staff maintains the expertise to ensure that you and your property receive [...]