At Memphis Invest, each and every one of our teams, from customer service representatives and property management to sales and renovations, work together to create a stand-out “WOW” experience for everyone we come in contact with. We know that we couldn’t do it without our investors, vendors, residents, and these dedicated teams.
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I was lucky enough to be featured this week on a fantastic Podcast that debuted earlier this year from the founder of BiggerPockets.com, Josh Dorkin. The show is co-hosted by Brandon Turner and they have done a phenomenal job of creating a fun and informative podcast that has rocketed to the #1 spot on iTunes for real estate podcasts. Before this becomes one huge infomercial for their podcast and website, I wanted to share with you the podcast and let you listen for yourself. I had a great time joining them and the interview gets into a lot of topics covering our business.
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When you're ready to start purchasing rental properties, you have a big decision to make: Do you hire a professional property management company or take care of it yourself? Each option has its pros and cons, and there is no clear universal answer. Which direction you should go is dependent on your financial situation, your experience, and to what extent you're wanting to be involved with your investments. It is also dependent in large part if you decide to be an Out-of-Area Investor. Many real estate investors choose to buy properties in other parts of the country because of better returns, less expensive pricing and more stable rental environments.