Memphis Property Management Blog

Investing in rental properties in Memphis can be a lucrative venture, but it also comes with risks. One of the most important protections a landlord can have is landlord insurance. Unlike standard homeowners insurance, landlord insurance is tailored to cover the unique challenges faced by property owners who rent out their homes or apartments. This article explores everything landlords need to know about landlord insurance in Memphis, including types of coverage, differences from homeowners insurance, and how to file a claim effectively.

Memphis landlords are part of a city where access to mental health care is extremely limited. In Shelby County alone, there is just one mental health provider for every 669 residents, far below the Tennessee ratio of 634:1 and the national average of 380:1. Given the shortage of resources, it’s no surprise that many residents turn to emotional support animals in Memphis for extra support.

In a dynamic real estate market like Memphis, investing in rental properties can be a profitable venture. However, to truly capitalize on this opportunity, understanding the fundamentals of rental property accounting is essential. This article will guide investors through the basics, ensuring they are well-equipped to manage their investments effectively.

Collecting rent is often an investor’s favorite aspect of owning rental property, but the logistics can be complicated, especially for those looking for passive income. In Memphis, where the rental market is competitive, landlords need to consider various options for rent collection. Understanding the most effective methods can make a significant difference in ensuring timely payments and maintaining a good relationship with tenants.

A homeowners association (HOA) is an organization in a residential community that makes and enforces rules for the properties and their residents. In this article, we’ll explain what investors should know about HOAs, including their functions and whether they can refuse to join when buying a Memphis rental property.

Managing rental properties effectively can be daunting for DIY landlords in a busy city like Memphis. From tenant screening to rent collection, the variety of responsibilities can quickly overwhelm anyone managing properties alone. Fortunately, technology provides software solutions designed to streamline and simplify these property management processes. In this article, we will compare three popular software options to help Memphis landlords decide which is the best fit for their needs.

In property management, customer service plays a pivotal role that goes beyond simply addressing tenant inquiries. It encompasses the entire tenant experience, making it a critical priority for landlords. Excellent customer service is not merely a nice-to-have; it is crucial for retaining tenants, enhancing a landlord's reputation, and ultimately contributing to profitability.

If you're interested in investing in rental properties in Memphis but don’t have the cash for a down payment, you're not alone. Fortunately, there are ways to leverage your existing home equity to purchase one or multiple rental properties. In this article, we’ll walk you through how to use equity to buy rental properties in Memphis.

When searching for a property manager in Memphis, it's essential to consider various aspects that contribute to a smooth management experience. One of the primary components of this selection is reviewing what others have said about property management companies that you are considering. Feedback can greatly influence your decision, and understanding how to interpret these reviews is crucial.

When it comes to maximizing your rental property's profitability in Memphis, selecting the right rental property renovations can make all the difference. Not only can these upgrades enhance the appeal of your property to potential renters, but they can also significantly improve cash flow and return on investment (ROI). The good news is that many of the renovations that can elevate your rental unit don’t require extensive capital investments and can often be executed quickly, particularly during a unit turnover.