Ah, the life of real estate investing. You can sit back, relax, kick off your shoes, sip that deliciously refreshing piña colada and mumble to yourself in soothing tones, “my people are handling it.” It creates quite a vision as you are being sold all the advantages of hands-off, hands-free, completely passive real estate investing.
7 min read
3 min read
Landlords have something of a bad reputation. In movies and television, we rarely see the landlord as anything but an antagonist. They’re portrayed as greasy cigar-chomping sociopaths in the real estate biz for a quick buck. Essentially, we are portrayed as less of the long-term investor that the landlord has evolved into and more of the slumlord that is easy to despise! Who cares if the tenants are happy? Who cares if the maintenance requests go unanswered for a while and when we do answer it’s with the cheapest and most incompetent people possible? That is the perception and those are the questions most equate with the mind of landlords.
2 min read
The property you just bought, hoping it will be a successful real estate investment, probably needs some work done. Naturally, if there are major problems with the property, those should be addressed first. Things like electrical work, major systems replacements, foundation work, roof replacement or anything that compromises the safety of your property need to be addressed before anything else.
3 min read
This is a question we get asked on a weekly basis and I suspect most of the questions are coming up because of mis-information being put out by opportunists. People who are selling get-rick quick ideas or promoting a shiny new idea or product as a quick-fix for new real estate investors. When most of the questions are coming from a place of fear, you can almost always bet that bad information is the cause of the question. For real estate investing, my answer is to ask a different question!
3 min read
Carol Henderson and Cyndy McCrary of the Memphis Invest customer service team spent two days last week at the Secret Service Summit event in Ohio learning from and working with some of the top customer service experts in the country. IT was a great opportunity for the team to get a first hand look at how other companies and even some of the experts in the field of customer service are staying ahead of their competitors and providing great service to their clients. We have been asked before why we put such a focus on customer service and why we are constantly telling the story of being really great at it for our clients. I think that receiving thank you notes like this one really sum up our commitment:
"Thank you Laurie, that is good news! I appreciate you keeping me up to date. I feel like I am your only client".
4 min read
In many housing markets around the country, there is growing evidence of a housing recovery. Even some of the hardest hit areas of the country where outside market forces like slow job recovery and low wage recovery have hurt, the areas are showing signs of a strengthening housing market. Prices are going up, permits for new builds are increasing and sales to home owners are increasing while investor activity is taking up a smaller percentage of market activity.
2 min read
The numbers in the graphs below represent Premier Property Management Group as it stood on the last day of October and how we have performed year-to-date 2013. An important part of each of these updates is an awareness by Memphis Invest, GP to monitor our growth and performance and to remind all of our readers that there is nothing typical about real estate investment. The number we report are not to show how an investment will perform or what rate of return an investor will achieve if they purchase property from us.