When my fourth child was born I picked up a comment card at the hospital on our way out. It had a picture of 4 circles on it and the words "Service ~ Teamwork ~ Quality ~ Integrity" printed around the circles. The card opened up and there was their Mission Statement and a few questions and lines for comments. I grabbed two cards. One so I could respond with how impressed I was with the level of care they showed and the other I kept as a reminder that these were absolutely four characteristics of our company. These were four areas that not just the owners, but every single person at Memphis Invest had committed to work to improve on every day. I saved it for a day just like today.
4 min read
Real Estate Strategies: Indicators That It's Time to Buy
Real estate is a fickle beast. There are ebbs and flows, ups and downs, and...well, you catch my drift. Real estate investing is not like buying a car or a computer or a new refrigerator where you can point to a certain day on the calendar and know what something will cost on that day. Real estate investing is all about trends and the key is to be able to recognize trends. Is it a buyer's market or a seller's market? Is it a market that's in transition from one to the other? If so, how rapidly is the market changing? More importantly, is the information I am watching actually telling me something or is the trend a very subtle one meaning that even as it moves - in either direction - the timing is still good for buying real estate.
2 min read
Creating Real Estate Video Content with Vine and Instagram Video
It seems that as social media outlets have become more and more popular, our attention span to view the content from such sites and applications has gotten shorter and shorter. Twitter forced us to squeeze our thoughts into a mere 140 characters, and then Instagram took the need for written communication out of the equation altogether.
4 min read
How Does Investor Psychology Play A Role In Real Estate Investing?
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Pay attention to any of the financial news shows, and you'll hear the talking heads discussing how current events have an impact on the stock market. From disasters, both natural and man-made, to decisions by the Fed to recent actions by the President, news events affect our investments. Or, to put it more accurately, investors' responses to these news events affect our investments. The emotional state of investors and the psychology of fear and risk-taking play into the ups and downs of the various markets.
Topics:
real estate investing
Memphis real estate
real estate risk
real estate psychology
investing psychology
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4 min read
Weighing Your Options: Residential vs. Commercial Real Estate
The world of real estate can be confusing-- downright scary, even-- for people who are just getting their feet wet. In some respects, it can be similar to a new relationship. When you're just getting started out, you're this mishmash of excited and scared. You have ideas and opinions and are sure to get plenty of "advice" from everyone around you. You have high hopes, but at the same time, you don't want to get burned. The potential rewards are great, but the potential for disaster can make you gun-shy. She wants to go to the opera; you've already bought tickets to an MMA bout.
Topics:
Memphis real estate
residential vs commercial
residential real estate
commercial real estate
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3 min read
Real Estate Basics: 3 Blunders to Stay Away From
When you're first getting started out in the real estate investing game, you're a novice. A newbie. You're green. You're all those things that mean, "I have no idea what I'm doing." And you know what? That's okay.
3 min read
Cash for Houses: Investors vs First-Time Buyers
As we all well know, real estate is cyclical. A buyer's market will eventually become a seller's market...which will eventually become a buyer's market again, and so on and so forth. Supplies rise, supplies fall, the sun rises, and the sun sets. For those looking to make money in real estate, the ability to foresee trends and to capitalize on them at the right time is imperative.
4 min read
Retirement, Real Estate, and You: What's the Right Move?
People with an eye toward retirement have started looking for alternative ways to fund their golden years. In some cases, they're looking to supplement their current retirement plan, in others to bypass traditional plans altogether.
3 min read
Memphis Property Management Company Updates 2013 Numbers
With the first half of 2013 completed, Premier Property Management has grown into one of the largest rental property management companies in Memphis. With more and more property management franchise companies popping up across the country, we thought it would be a good idea to begin documenting certain performance numbers. We did this in hopes of setting a trend that other companies would follow. It would make it much easier for investors to make management company decisions. We'll see if that ever takes place!
2 min read
Smoking Policy in Rental Properties: Too Far or Perfectly Reasonable?
There's a reason that smoking bans have been so hotly debated, and it's clear to see if one frames the debate in a way that eliminates the smoking preference of either side. For instance:
Do you agree that people have a right to reasonable protection from the unhealthy choices of others?
Do you agree that people have a right to be free from unreasonable intrusion into their personal lives?
