Memphis Property Management Blog

Mastering Lease Negotiations: Tips for Achieving Favorable Terms

When was the last time you read a website's terms and conditions before hitting accept? Most people these days are accustomed to accepting these agreements without even reading the fine print. This leaves you open to the other party taking advantage of you and your circumstan...

Flipping Properties for Profit in Memphis, TN: Strategies and Success Stories

When you're interested in real estate investing, flipping is one of the most common ways to turn a profit. With this in mind, Memphis is an excellent place to turn when you're trying to get the most from your property.Memphis is the 27th largest city in the country, and g...

Top Tips for Buying a Home in Memphis, TN: A First-Time Buyer's Guide

With 3,445 active homes for sale in Memphis, TN available at the end of July 2023, you still have many options when it comes to home buying.But if this is your first time going house hunting, then you might not know where to start, how to pick a home, and what it takes to buy one...

Property Marketing: How to Attract Tenants in a Tough Market

Property investors need to always follow some steps that will reap rewards. A big part of this is making sure you handle your property marketing as effectively as possible.The population of Memphis grew by 9.5% in a 5-year span and is one of the cities that millennials are flocki...

A Guide to Rental Property Accounting

Did you know Memphis's median monthly rental amount is just under $1,000?That's plenty of potential income month after month. Proper accounting is essential for managing your rental properties. It's the backbone of financial success for any property investment.Are you...

Breaking the Lease

Most tenants sign a lease for a year at a time. This ensures that for that year, a steady income can be counted on and decisions for either finding new tenants or continuing a lease can be thought out and planned on. This helps landlords rest easy in tenant stability for ...

Four Things That Will Keep Your Renters Happy

A happy, responsible renter is like gold, and — as with any treasure — you donât want to lose it. If you want to enjoy long relationships with your tenants, follow these four tips for keeping them happy and ready to renew that lease. 1. No Surprises The best way ...

Getting Your Property Rent Ready

When renting out property, it’s important to make sure that you draw in as many good tenants as possible. There are many ways to do this, but one of the most effective ways is to make sure your property is absolutely ready to be sold. Spice things up, fix imperfections,...

Hiring A HOA Property Manager

Hiring a property manager is an easy decision for landlords who donât want to worry about the day-to-day hassles of running a rental property. When it comes to Homeowners Associations (HOA), however, the decision isnât so cut and dry. Typically, an HOA exists...

How to Manage Security Deposits

Property managers should always require a refundable security deposit in residential property management properties. This deposit should be kept in a separate account for trust or escrow funds and will be returned to the tenant in part or in full once the tenant has moved...