Clarksville vs Nearby Cities
Clarksville is located about 50 miles north of Nashville but offers much lower real estate prices. While the median listing price in Nashville is often around $300,000, the median listing price in Clarksville tends to stay much closer to $200,000. The difference in prices may continue to escalate as new constructions pop up throughout Nashville, driving prices upward.
When compared to many cities within a 20-mile radius, the real estate prices in Clarksville are slightly more expensive. For instance, Springfield offers a comparable median home value, but the city’s median listing price tends to stay substantially lower than $200,000. Renters can expect to pay around $1,000 per month on average in this area of the state.
Clarksville Property Managers
When hiring a professional manager, most property owners are looking for someone with real estate knowledge and exceptional managerial skills. A manager is usually required to oversee everything from accounting to everyday maintenance duties, landscaping and occasional renovations. They may even set the rental rates, since they are familiar with the local real estate market.
Clarksville Property Management Company Fees
Property managers in Tennessee often pay their managers around eight percent of the rent that they collect from tenants. This rate can go beyond 10 percent if the contract includes extra services or if the property needs above-average attention. There are often additional charges involved, and property owners must cover operational expenses.
Tennessee Landlord/Tenant Laws
- Landlords are free to charge whatever they wish when asking for a security deposit.
- There are no limitations on the amount that a landlord may charge for late fees on a rental unit in Tennessee.
- Landlords have one month to create an itemized list of deductions, if any, and to return a tenant’s security deposit.