Turnkey Real Estate Investing

For any investor wanting to get started in real estate investing, it is a dilemma. For others, it is a clear-cut issue. If you own investment property, you may feel hesitant to allow renters to have pets inside, especially if you have dreams of keeping that property pristine over time. You may also want to direct your property management company to no allow pets in your properties if you have a management company in place.  However, you may be surprised to find that there are many benefits to allowing animals, and it can even boost your real estate cash flow.  A great article from Karen Aho on MSN Real Estate points out the benefits of renting to tenants with pets while also pointing out that some of the 'best" horror stories are often far from reality.  The story also highlights one of the few if only studies conducted on rental properties and pets and it found that units allowing pets experienced a longer occupancy term, 46 months, compared to those that openly prohibited pets, 18 months. 

Memphis Invest and Premier Property Management both completed their 1st quarter numbers for 2012 and released the results today.  As the market and industry leader, it is important to release relevant and timely information as a barometer for not only our company, but also the investment industry as a whole.  With more and more investors choosing to invest out of area, companies that provide comprehensive investing opportunities are providing those services to investors who would otherwise not get involved.  These companies also provide a localized economic engine and drive economies by providing stimulus and jobs. 

Property management By The Numbers

I have been making a concerted effort to keep the numbers up to date each month on here for all our readers and clients.  But, I also want to make these posts as a way to give a lot of credit and praise to Premier Property Management.  By far, that is the most thankless part of our entire business from staff to clients and we all owe them a big thanks for the effort and attention they give to our portfolios...including mine!  There is a reason Premier Property Management is quickly growing into the largest Single Family resident management company in Memphis.

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.

In residential real estate investing, it is often the smallest details that make or break the profitability of an investment property.  For many of our clients these all important details fall on our shoulders as the property management company who oversees their properties and in some cases, their profitability.

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:

This week Memphis, Tennessee property management company, Premier Property Management announced plans to begin automatic deposits for real estate investors on February 1st.  For many, real estate investing is about passive income and the stress of charting and tracking monthly payments, monthly deposits and monthly expenses can be a nightmare.  Premier Property Management has spent the past two years systematically developing a management company that values investors time and balances the need for information with the need for simplicity.