Memphis Invest, GP and related company Premier Property Management Group released 2013 First Quarter Results on Sunday April 21st and a positive trend for the real estate investment company and their clients continues.  Demand for investment property and opportunity continue to remain strong in both Memphis and Dallas and portfolio performance as well as client satisfaction remain high.  Sales at Memphis Invest, GP grew year over year 110% and tracked even compared to the 4th quarter of 2012.  As demand from existing clients continues to pick up, we expect to see growth throughout the year.

Premier Property Management Memphis 

So far we are about 65 days into the new year and already business in Memphis is at a record pace!  Both Memphis Invest, GP and Premier Property Management are experiencing tremendous up ticks in business.  Much of that is attributed to existing clients continuing to build their portfolios, but this blog is not about Memphis Invest.  Today, I am writing to absolutely brag on the outstanding team over at Premier Property Management of Memphis.  They are doing a phenomenal job and February was the SINGLE BEST month in the history of the management company!  Not only did the management company close more than 100 rental contracts, but they also reduced outstanding vacancies below 5%.  

The most common question I get from interested real estate investors is "Why is Memphis a place I want to invest for the long-term?".  This week, Memphis Mayor A.C. Wharton, Jr. made the answer easy for our company...and every other Memphis company spreading the word about our great city. 

When is the right time to purchase discount properties to flip or rent? It can be tricky to trace the exact status of the housing market, because, as with many economic indicators, the numbers are often delayed for a month or two in order to gain accurate calculations.

Local firms have felt the initial impact of Electrolux moving to Memphis to the tune of $64 Million in contracts

When Memphis Invest, GP travels to different parts of the country meeting with investors, one of the first suggestions we make is to forget about the houses for the time being and concentrate on the market.  More to the point, concentrate on the economics of the market and the fundamentals of that economy.  Memphis and even Dallas, which is our newest market (more on that later) both have strong economic prospects.  Once an investor has identified that the market they are studying, then the team and investment property decisions can be made.

No matter how deep (or shallow) your pockets may be, the time is always right for investing your money wisely. That is why many people choose to invest in real estate through companies like Memphis Invest. Real estate is a wise investment, because despite fluctuations in the economy, people will always need a place to live, and businesses will always need a place to operate. That doesn't mean it is a foolproof investment - no investment is. But if you consider the pros and cons of becoming a real estate investor, you may find that it is the right investment for you.

Three research or news organizations have ranked Memphis real estate at or near the top of major real estate news stories over the past few months with a brand new research paper being released this past week showing Memphis as the #2 market in the country for affordability.  The Council for Community and Economic Research (C2ER) gathers data from 309 urban areas to rank them in their Cost of Living Index (COLI) and Memphis has always ranked as one of the most affordable cities to live in as well as raise a family and invest.

Planning for Success Takes Preparation and Time

Real Estate investors should treat their investment properties just like a business and with every business there needs to be time set aside for planning.  The entire staff of MemphisInvest.com came together last week to present our plans for 2012 and the owners presented our plan to the staff of new programs, new cities, new hires, new promotions and the exact steps we were going to implement to grow over 60% for the second year in a row!  Spending five days together was fantastic for the entire team even though it really shook up our normal routines.  Planning for success and sharing as well as involving the entire team was by far the best thing we could have done to start 2012 with a bang!