Memphis Property Management Blog

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.

There are many reasons that you might suddenly think, I need to rent my house. Maybe you’re moving for a new job opportunity or you want to be closer to family. For many people in this situation, it’s their first time becoming a landlord.

Investing in real estate can be a lucrative opportunity, especially for those eager to build a cash flowing portfolio. Among various investment strategies, single-family rental properties are gaining popularity. However, as portfolios expand, the complexities of managing these properties also increase. That's where the importance of enlisting the services of an investment property management company comes into play.

Screening residents effectively is crucial for landlords aiming to maximize their investment in rental properties. In Memphis, the rental market can be competitive, making it even more important to select reliable residents. With comprehensive resident screening, you can avoid bad renters who could cause financial loss and damage to your property. This article will guide you through the necessary steps to screen residents successfully and thoroughly.