86% of Customers Will Pay More For Better Customer Experience

So today I was researching different Memphis real estate terms and I just wasn't finding anything that excited me for the blog.  I will definitely have something out tomorrow highlighting some local real estate news with a wrap up of 2012 tomorrow.  However, while I was researching, I came across an excellent article in The Daily News from Lori Turner-Wilson, Customer Pay More For Better Experience, and seeing as how we are customer experience fanatics, it grabbed my attention.

Fortunately for real estate investors everywhere, there are a lot of real estate titles that have some great information on real estate investing.  Unfortunately, there are also a lot of books on real estate out there by get-rich-quick schemers and authors who may have completed a small handful of transactions and now want to tell everyone else how it is done. Many of these books are little more than promotional fluff to get you to buy whatever "can't lose" investment system these fast-talkers and new-comers to the real estate world are shilling. It can be difficult to wade through all the snake oil and "too-dumb to know I was lucky" books to find quality information. Here at Memphis Invest we have done some of the work for you by selecting a few good books. Here are three real estate book recommendations, in no particular order, that can actually leave you smarter than they found you. 

Preachers encouraging squatters? A recent NBC news report revealed an unusual development in the housing market. In one Atlanta neighborhood, residents and church members have seen a rise in distressed property that is foreclosed and then abandoned, growing dilapidated and becoming what neighbors call "crime magnets." In order to preserve their neighborhood, residents have encouraged families to move into distressed property, fix it up, and keep the neighborhood clean and safe.  This approach is being encouraged to prevent neighborhoods from sliding further into disrepair and decline while also trying to bring in families from shelters and off the streets, especially during the winter months.  I can't say that I agree with this approach, but I understand where they are coming from.  I also think there may be another option.

Real Estate Investing

NBC News reports that the housing market recovery is well on its way. Indeed, more people are buying houses, inventories of distressed properties are down, and prices are moving slowly upwards.

Interestingly, according to NBC, "Current homeowners accounted for 54 percent of October’s non-distressed market, up from 50 percent in June," while first-time home sales are actually declining. "Unfortunately, first-time home buyers are seeing just the opposite, largely left out of this surge in sales and prices. Their share of the market, usually up in the 40 percent range historically, fell to 34.7 percent in October."

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 Hosts Real Estate Investors

Real Estate investors from 16 states came to Memphis, Tennessee on October 19th and 20th to meet with one the U.S.A.'s premier real estate investment companies, MemphisInvest.com.  Eighty-Four investors spent Saturday with the company learning about Memphis and the opportunity for real estate investors followed by a quick tour of some completed renovations.  The jam-packed education was followed by a great night at the offices of Memphis Invest and Premier Property Management. 

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. 

Steve Cook published an article in The Niche Report, a magazine about real estate, mortgages and  financing, today that focuses on the dilemma faced by real estate investors who want to participate in the current market.  Too many investors are being shut out, or at the very least limited in their ability, from the opportunity of buying single-family homes.