Memphis Property Management Blog

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.

For landlords in Memphis, understanding the guidelines and requirements of the Section 8 housing program is essential. Section 8 housing, also known as the Housing Choice Voucher Program, provides rental assistance to low-income individuals and families. As a landlord, participating in this program can offer several benefits, such as guaranteed monthly income and filling vacancies faster. However, there are specific eligibility criteria, application processes, and responsibilities that landlords need to be aware of. This article will provide an overview of the Memphis Section 8 housing guidelines for landlords, helping you navigate the program successfully.

Lease agreements are an essential legal document that protects both landlords and renters. A well-drawn-up and thorough lease agreement ensures both parties are protected from any financial liability or neglect. In this article, we will discuss the basic elements of a lease agreement in Memphis, highlighting the key factors that should be included to protect the rights and obligations of both landlords and tenants.

Renting out your house can be a great way to generate income, but one common question many rental property owners ask is, "How much should I rent my house in Memphis for?" Determining the right rent price for your property can be somewhat complicated, as it involves considering factors such as knowing your competition, understanding seasonality, evaluating your property's amenities, and being aware of rent control laws. By carefully considering these characteristics, you can determine the best price for your rental property without letting emotions cloud your judgment.

Memphis Landlord-Tenant Laws play a crucial role in ensuring fair and responsible relationships between landlords and tenants within the city. As a landlord, it is essential to have a comprehensive understanding of these laws to protect both your own rights and those of your tenants. This article will provide an overview of landlord-tenant laws in Memphis, Tennessee.