Investing in Knoxville Real Estate
Knoxville is one of the best cities in Tennessee for investing in real estate. It has a robust economy, solid population growth, and good demand for rentals. It’s also more affordable than similar markets but matches those markets in returns.
Whether you’re new to owning property or a seasoned investor looking to add to your portfolio, Keyrenter Knoxville can help. Our team has local expertise and understands what makes a neighborhood worth investing in.
Investing in property isn’t an easy decision – it can often be the biggest investment you’ve made to date. With Keyrenter Knoxville by your side, you will get an in-depth analysis of the market and consult with professionals before making the decision.
Our team of dedicated property managers will guide you every step of the way and ensure that the property you select matches up with your investment goals.
Are you ready to invest in a Knoxville rental property? The team at Keyrenter Knoxville is ready to guide you. Contact us today for more info on the services we offer! Keep reading for some insight into what makes Knoxville worth investing in.
Why You Should Invest in Knoxville Real Estate
Tennessee is known as a pro-business state. Over the years, the state has created policies to encourage business growth in the area. Knoxville and its suburbs are home to a number of multinational companies.
Some of the notable mentions include DENSO Manufacturing, Smith & Wesson, Regal Cinemas HQ, Clayton Homes, and Amazon Distribution Centers. These companies and more employ thousands of people and contribute to Knoxville’s stable economy.
The area also has no state income tax and property taxes are generally low. Knoxville is generally considered one of the most affordable places to live in the country. Combined with the relatively low house prices, Knoxville is a great place to purchase real estate.
Knoxville is also a hub for innovation. The Oak Ridge National Lab has the world’s fastest supercomputer and people come from all over the world to test things on it. The University of Tennessee Hospital is a teaching hospital that provides great care using new technologies.
Many people also come to Knoxville for its high-quality education. The University of Tennessee is located here and educates over 30,000 students, many of whom will stay in the area after they graduate.
There’s also the Hope Lottery scholarship that helps with tuition costs and TN Promise which provides Tennessee high school graduates the opportunity to go to a community college for two years for free.
Another aspect that makes Knoxville a great place to invest in is its location. The I-40 and I-75 intersect in Knoxville making it a central hub for many activities. From Knoxville, you can easily access several major cities include Charlotte, Atlanta, Nashville, and Cincinnati.
Knoxville is also a fun city with a lot of recreational options available. The city has plenty of lakes, mountains and outdoor activities, plus it’s considered a very pet-friendly city so your furry friends can enjoy activities with you.
Knoxville also has desirable weather year round. You get to experience all four seasons but the climate is generally mild. Knoxville also borders the Great Smoky Mountain National Park. The park is the most visited park in the nation, receiving over 14 million visitors each year.
How Keyrenter Knoxville Can Help in Your Investment Property Journey
From our experience in the property management industry, we understand that every investor has a unique journey to finding the perfect investment property. That’s why Keyrenter Knoxville offers a range of property investment solutions.
We have outlined some of the services that we offer below.
Financial Analysis
Once you’ve found a great property in an ideal location, you have to sit down with your calculator and crunch the numbers. You want to look into the average vacancy rates in the area, anticipated tenant turnover, potential cost of rent, how much maintenance and management will cost, and the potential rate of return.
It can be difficult to find this kind of information on your own. If you don’t want to spend all the time digging for it yourself, you can work with us at Keyrenter Knoxville. We have access to more info than the average property owner and know the details on the various neighborhoods in Knoxville and its suburbs.
Collaboration
For you to make the ideal investment, you’ll have to get in touch with a number of professionals in various fields. You might need the services of a lawyer, accountant, home inspector, property appraiser, and more.
Keyrenter Knoxville, with its years of experience in the local market, has established networks with professionals in the industry. You won’t have to spend time researching the best service providers in the area.
Plus, our network is willing to offer good services at a discounted price to our clients because we are committed to building strong professional relationships with our network.
Property Management
Although it can sometimes feel like it takes forever, finding and purchasing a property is the shorter stage of owning an investment property. After it’s officially yours, you begin the longest stage – managing the rental property. You’ll need to ensure that the property is in its best condition and that the needs of your tenants are met on a daily basis.
While you might want to self-manage, it is better you consider the services of a reputable property manager in Knoxville.
As your property manager, Keyrenter Knoxville offers a number of guarantees:
- Leasing Guarantee. We are confident of our property marketing skills and we promise to secure a tenant within the first month. If we don’t, we will waive the management fee for the first month.
- Service Guarantee. The market can be quite dynamic. No client of ours is locked into a long-term contract.
- Tenant Guarantee. We will search for a new tenant if a tenant we place breaks their lease within the first six months.
- Maintenance Guarantee. All repairs on the property will be handled comprehensively the first time.
- Pet Guarantee. If property damage by a pet exceeds the deposit, our company will cover up to $1,000 of the cost of damages.
Bottom Line
Investing in Knoxville means investing in an area that offers the best of both worlds. Your tenants can enjoy modern, contemporary amenities without sacrificing access to nature and community.
Finding the ideal investment property is possible when you have a local and experienced property partner by your side. Get in touch with Keyrenter Knoxville and get access to years of local property experience.