Hot Potato

Hot Potato

  I might be aging myself, but, did you ever play “Hot Potato” as a kid? You know the song, “One potato, two potatoes, three potatoes, four, five potatoes, six potatoes, seven potatoes, MORE!” You would pass an object around a circle as you chanted the words and the one holding the “potato” when you yelled “more” was out. Everyone wanted to get that object around as fast as they could – almost frenzy-like. Emotions could run high in a competitive game of “Hot Potato”. Some kids got mad, some kids were sad, and some kids were downright mean. That’s how I feel about the real estate market sometimes. In a hot market like the Nashville area has experienced for some time now, some people get a bit frenzied. They have been caught with the hot potato more than once and have yet to get an accepted offer. I’ve had people yell, cry, and others get downright mean…hmm…reminds me of elementary school. Now, before you think me callous, I know it’s stressful. I know emotions are heightened. I understand that for some, they have to find a place to live – and pronto. These are the things that a great Realtor helps you prepare for. Sometimes, we just need to chill out for a second, calm down, and breathe. I bet most of us have friends or family that would let us crash at their place if we were in a bind. In my experience, when we get frenzied, things go awry. Details get missed, poor decisions are made, and that results in more stress. In hot markets it’s easy to lose perspective, but do what you can to stay focused on the result you want and being patient until it’s right. Don’t get caught up in emotion that can cause more turmoil in the end. Hire professionals and trust them and if you get caught with the hot potato, pick yourself up, dust yourself off, and get back in the...

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7 Topics to Discuss When Interviewing a Property Manager

7 Topics to Discuss When Interviewing a Property Manager

    If you are an investor or would like to be, you may decide that the late night phone calls from tenants who have clogged their toilet is not something you want to handle. In that case, you will want to hire a Property Manager. It is a good idea to interview the company or person and make sure they meet your needs. Here are some tips on some things to discuss: About the Company: How long have you been in business in this area? Are you licensed? Are you a full-time property manager? How many properties do you manage? Do you have assistants? Do you have a contract and references? Fees: Management, Leasing and Re-Leasing fees? Advertising and Showings? Inspections and Evictions? Late Fees? Hidden fees? Cancellation fees? Communication: Do you have a direct phone number: Do you have a direct email address? Do you have software that allows for communication? Do you have an office location? Advertising: How do you advertise? Do you have yard signs? Are you open or available on weekends? Can you show me a sample of a “For Rent” ad? Do you advertise and/or show property when it is occupied? Maintenance: How do you handle maintenance? Do you have a list of preferred vendors? Do you have an emergency “after hours” line? Do you require a maintenance reserve? Accounting: Do you provide monthly and yearly statements? Do you pay vendor bills for owners? When and How do owners get paid? Do you have a policy for monthly spending limits and/or approval? Property Protection: How do you screen applicants? Has your lease been reviewed by a real estate attorney? Do you have move-in/vacate checklists? How often do you inspect the property? How does your eviction process work? Oxford Property Management is a locally owned management company in the Middle Tennessee area. They provide residential rental management services to property owners and investors and handle property advertising, tenant screening, lease signing, managing funds from security deposits and rent, property maintenance, financial accounting/reporting, and tenant removal and collections, if necessary. They offer low leasing fees, a tiered management fee structure that starts lower than average management companies and decreases with additional properties under management, and an in-house maintenance department to control repair costs. I have many clients and friends that use Oxford’s services and they all highly recommend them. Their website is: www.oxford-tn.com or you can reach them by phone at...

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A Change Would Do You Good

A Change Would Do You Good

  One of my all-time favorite music artists is Sheryl Crow. She sings a song called, “A Change Would do You Good.” If a change would do us good, why do most people resist it? I think it’s one word. FEAR. Fear of the unknown, fear of failure, fear of others’ opinions, we don’t believe in ourselves, it’s hard, it causes stress, the transition can take a lot of time, we may disappoint someone, etc. I understand and have experienced all of these. Fear itself is not always a bad thing. It can actually motivate us as well as help keep those of us that tend to have the urge to jump before looking, in check. I embrace change, now, but I didn’t always. I moved to a new school in Arizona in the 4th grade. Before that, I was painfully shy (I know, those of you who know me can’t believe that). When I was really young, I would literally cry if people I didn’t know talked to me. It took me a long time to warm up to people and it was really hard for me to make friends. So, as I recall, as my mom sent me off to the bus stop for my first day at the new school, she said, “You’d better talk to someone today or you won’t have a single friend your whole life.” Now, maybe that sounds a bit dramatic, and maybe that’s not exactly what she said, but that’s what I heard and it definitely made an impact on me! My mom recalls me running home from the bus stop saying, “Mom, mom, I made a friend!!” I was scared but it was fear that also motivated me. And, because of the beauty of Facebook, that friend (Glinda Grayam) and I are still connected today. Now, if you know me, you know that I am far from shy. That change was a huge turning point in my life. There are so many things that I wouldn’t have done or become if I was still shy. Recently, last week, in fact, I made another change. I became the Principal Broker of United Real Estate Music City. My entire team is moving with me. We will still be The Michelle Froedge Team that our clients love. I just have another role in addition to Lead Agent. It was a big decision and there was definitely fear involved. But, apparently, I like the adrenaline, and the challenge. I challenge you to do something that scares you. Make that change that you’ve been putting off. You won’t grow if you don’t make a move. Do it. A change would do you...

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Seeing Stars

Seeing Stars

  If you want to see a star, hear a star, or be a star, come to Nashville. This is the week that makes history in our city every year. It’s the CMA Music Festival! Country music fans come from, literally, all over the world to hear, meet, and photograph their favorite stars. The four-day festival has music, dancing, food, baseball, and dogs – yep, dogs! This year, Miranda Lambert will be marching for mutts at the Muttnation March on Thursday morning, June 8. If you love country music – you certainly won’t be disappointed, but that’s not all we have to offer in Nashville. While you are here, take advantage of our culture and history. You may want to visit The Frist Center for the Visual Arts,  Belle Meade Plantation or The Hermitage. My personal favorite is The Carnton Plantation that was used as a hospital during The Battle of Franklin. And not to be forgotten, as I write this, Nashvillians are basking in the afterglow of sweet hockey victory. Our beloved Nashville Predators are tied in the Stanley Cup final 2-2. And, just in case you don’t think we can tie everything back to music, not only is Carrie Underwood a Predator wife, the talk prior to every home game is, “Who do you think is going to sing the National Anthem?” Of course you will need to eat something more than food from a street cart, so I encourage you to venture out of downtown for a bit and explore some of the culinary delights that have popped up around town. You don’t have to go far to get everything from Southern-style meat and three, to famous “hot chicken,”  to a high-end dining experience you may not expect to get in “Nashvegas”. Whatever you decide to do, wherever you decide to go, you are sure to experience the hospitality, kindness and sincerity of our locals. Yes, you make our commute challenging and we can’t get into our favorite restaurant but we are happy to give you directions and make sure you feel the warmth of our city. So, enjoy Nashville this week and if you decide you’d like to explore making it your home, I know someone...

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