I try to make this blog a valuable resource for our customers and other people interested in real estate investing. From general real estate information to more specific advice regarding real estate investing, from the latest news in what's going on with Memphis Invest to up-to-date information about the Memphis area, I want you to walk away feeling more intelligent and/or more informed after every post you read on here.
Let's face it: You probably don't have a monopoly on all the rental homes in your area. (If you do, please be kind enough to let us know where you live, so we can take some of that market share off your hands; you must be exhausted.) With so many other real estate investors competing for a limited pool of tenants, it's important to make yourself stand out from the crowd. Here in Memphis we are managing right over 1,800 properties and, while that may seem like a massive number of properties, we are still a fraction of the total number of rental properties in the city. Just this week, we have had several meetings to discuss stepping away from the "ordinary" and figuring out how to eliminate altogether properties that are vacant over 30 days. We have roughly 25 properties in our entire portfolio about 1.3% that have been vacant over 30 days and we have been asking ourselves the same question we posed to you above.
Why Do We Invest In Real Estate?
If we have done our job correctly, each of our clients are investing in real estate for generally the same reason. They are not looking for quick hits and fast paydays. Real Estate investors who work with our company buying investment property in either Memphis or Dallas, are all looking for a long-term return on their investment. Nearly all of our clients are looking for an opportunity to – for lack of a better way to put it – invest and forget.
If you've decided to make real estate a part of your investment portfolio, you have innumerable options about where to put your effort (not to mention investment dollars). After all, everybody needs somewhere to live, and where people live, people rent. And where people rent, people invest.
If you frequent real estate sites, blogs, forums, etc. as I do, there are many issues that tend to show up over and over again. One such issue is that of real estate mentoring.