<img height="1" width="1" src="https://www.facebook.com/tr?id=113643043990058&amp;ev=PageView &amp;noscript=1">

Turnkey Real Estate Investing

4 min read

Crucial Questions New Investors MUST Ask a Property Management Company

By Chris Clothier on Tue, Feb 20, 2024

Knowing who to partner with as a new real estate investor isn’t easy. As an owner-investor, due diligence rests on your shoulders from the beginning. To be a passive investor, you must first find the right property management company. The quality and integrity of their business will guide your success.

Now, there are many elements to vetting a management company – looking at their public information, reviewing their quarterly and annual reports, and soliciting reviews from other investors. But perhaps the most critical step for a new investor is asking questions.

Continue Reading
3 min read

Here’s What Rental Residents REALLY Want from SFRs

By Chris Clothier on Tue, Dec 26, 2023

Experienced real estate investors know even small factors can make or break their wealth-building efforts. While broadly, that single factor is due diligence, we want to get a little more specific. We’re talking about what your residents really want.

Continue Reading
3 min read

5 “Optional” SFR Expenses Worth the Cost

By Chris Clothier on Tue, Aug 15, 2023

Because investing in real estate is a numbers game, getting those numbers to fall in your favor is everything. While maximizing profits and minimizing expenses is sound on paper, it doesn’t always work in practice.

Continue Reading
3 min read

Top Tips for Increasing the Profitability of Your Investment Properties

By Chris Clothier on Tue, Apr 25, 2023

Right now, investors want to ensure that any property they own or acquire maximizes its potential. After all, the investment market is less forgiving these days. Every decision counts!

Continue Reading
3 min read

Does Your Property Management Team Meet These 7 Standards of Excellence?

By Chris Clothier on Wed, Nov 9, 2022

Though some real estate investors would balk at the typical commission received by a property management team – usually around 8 percent – sharp investors recognize the real value in a great property management structure.

Continue Reading
3 min read

4 Things Passive Real Estate Investors Need to Know About Property Management

By Chris Clothier on Tue, Nov 7, 2017

In the world of real estate investment, there is a crucial element that makes everything work. Without it, the whole concept falls apart: property management.

As passive real estate investors especially, we rely on property managers to allow us to be passive in the first place. Without their diligent management, we would have to involve ourselves in much of the day-to-day operations of our investments: defeating the purpose of “passive” real estate investment!

Continue Reading
3 min read

Finding Fantastic Investment Property Management

By Chris Clothier on Tue, May 20, 2014

Not everyone is cut out to be a property manager. If you’re a real estate investor who has decided not to take on the responsibilities of property management yourself, it’s vital to make sure your properties’ day-to-day duties are in good hands. On the flip side, maybe you’re an investor wondering what it takes to be an effective property manager. Do you have the right qualities for the job? Or how to you make sure you know you’re putting your investments in the right hands?

Continue Reading
2 min read

Memphis Investment Premier Property Management

By Chris Clothier on Mon, Oct 10, 2011

One of the biggest topics in real estate investing today revolves around property management and the struggles landlords have with either managing their properties themselves or hiring quality property management.  It stands as one of the biggest and sometimes most confusing and hard decisions for a real estate investor to make.

Continue Reading
2 min read

Memphis Premier Property Management | By The Numbers

By Chris Clothier on Tue, Jun 7, 2011

The Memphis media recently published information pointing to a rise in rental rates and a decline in vacancy among Memphis multi-family units in Memphis (see the article here).  Premier Property Management of Memphis has been seeing this same trend in the single-family homes that they have under management for real estate investors around the country.  The trends have been moving toward a stabilization of rent and even slight increases in most of the neighborhoods that Premier Property Management manages properties.  Here is a breakdown of the month of May for Premier Property Management:

Continue Reading
3 min read

Memphis Invest Increases Home Buying Events

By Chris Clothier on Mon, Sep 27, 2010

Memphis Invest Increases Home Buying Events

Monday, September 27, 2010, Vol. 125, No. 187
SARAH BAKER | The Daily News

With the recent completion of Memphis Invest LLC’s office space expansion for its sister company, Premier Property Management Group, and new implementation of traditional rehab services for those wanting to remodel their home, the family-owned company continues to do the majority of its business with out-of-town investors.

A 1,200-square-foot development on the west side of Premier’s existing building was completed earlier this year by the Memphis Invest rehab services. The expansion offers offices for the staff of five full-time and 14 part-time employees.

The addition is also equipped with closing office and tenant waiting room where tenants can come inside and wait for an appointment, make a rental payment, receive a receipt or wait for their closing.

Chris Clothier, director of sales and marketing, said Memphis Invest built a separate entrance just for Premier’s tenants.

“It definitely makes it a more formal process, which benefits everyone – not only the tenants but also the owners whose properties we’re managing because it really makes it a more professional approach to managing the properties,” he said.

Memphis Invest now also provides rehab services, refurbishing full renovations on more than 200 properties a year for investors around the world. A supplementary service company, Memphis Invest Renovation Services, renovates investment properties and performs rehab work for homeowners looking to upgrade their houses.

The majority of Memphis Invest’s clients – 75 percent – are located outside of the Memphis market. And it’s all due to exposure and the lure of Memphis investment properties, Clothier said.

“Local investors are just a little more timid about buying here in town because of their preconceived ideas about what Memphis is like,” he said.

Memphians are “insulated,” and often overlook the treasures right in front of them, Clothier said. And investors inhabiting other cities with a higher cost of living cannot buy properties there for $20 to $40 per square foot.

In fact, investors came this past weekend to learn about the Memphis market and the Memphis Invest process and, of course, to buy property.

Memphis Invest hosts these buying parties once a quarter, bringing in anywhere from 40 to 60 investors at a time, with 30 to 40 serious buyers, and the rest wanting to learn more about the market or Memphis Invest.

“We go to Graceland, and depending on the time of year, we’ll go to a Redbirds or Grizzlies game – just little things so they can see that Memphis is more than just the bad crime list that you hear about each year,” Clothier said. “There’s a lot more to the city than just that, and that’s really what these weekends highlight.”

But since the demand is so high, Memphis Invest is changing the event to the second weekend of every month, limiting the attendance to 25 investors who are qualified and ready to invest in the Memphis real estate market.

And now with its new 400-square-foot multimedia room at its 130 Timber Creek headquarters, Memphis Invest will begin these smaller tours the weekend of Nov. 6.

Just one weekend is all it usually takes for many investors to get hooked. They not only return to purchase more, but they also bring colleagues, friends and family to invest as well.

Brack Shaver of Fort Worth, Texas, attended the weekend event in April and returned this weekend, bringing his son with him.

Shaver, a registered investment adviser, said Memphis Invest spares him the one thing that matter the most – time.

“As an investor, you are always looking for a situation that lends itself to you that is turnkey,” Shaver said. “This way, I get a good property, it’s already been rehabbed – in my case, it’s already been rented – and I get a check every month.”

Brian Rowan, on the other hand, is one of the select few investors from Memphis. He has bought 15 properties from Memphis Invest and hopes to acquire five more within the next two and a half years.

“I want to get in, get out and have my properties paid for before the market changes,” Rowan said.

Continue Reading