5 Reasons Memphis is Ideal for Out-of-State Investing

Posted by Chris Clothier on Fri, Oct 30, 2015

In the past, the rental markets that people clamored for were typically coastal cities. In the East, there was Florida and New York. The West had California’s many offerings, like San Francisco and Los Angeles. Undoubtedly, there’s some almost magical appeal about big markets like that. But investors, for a long time now, are taking advantage of alternative markets that have offerings that can make for just as much (if not more) success.

The big markets have grown so expensive that investing in them has become challenging to say the least, for all but the most affluent investors. The rent-to-price ratio just doesn’t add up in a favorable way for most real estate investors. Over the past several years, real estate investors are progressively looking inland for investment opportunities—and they’re finding them! 

For out-of-state investors, it’s vital to looking for that marriage of affordability and potential in the rental market. Out of the places you’ll find, Memphis, Tennessee is pretty high on that list.

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Topics: Memphis, out of state investing

STOP! Think and Be Careful When Evicting a Tenant

Posted by Chris Clothier on Thu, Oct 22, 2015

 


Investing in real estate may be one of the best ways to secure passive income for your financial future, but that doesn’t make it a primrose path. There are plenty of headaches that can come from being an owner. There are more headaches in store if you’re also acting as landlord. Whether or not you employ a property manager or management company, every owner should be aware of the dos and don’ts of the eviction process.

No one ever wants to evict a tenant. Legal entanglements are always a pain, and evictions can be particularly rough.

The eviction itself is a hassle, but then you have to deal with filling a vacancy, and quickly. So if you or your manager sees the need to evict a tenant, where do you begin? What should you do? What should you definitely not do?

We’re here to help you navigate it all.

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Topics: evicting a tenant

Going Forward: Recession, Recovery & Real Estate Investing

Posted by Chris Clothier on Sun, Oct 18, 2015


At the tail end of 2007, America rang in a recession alongside the new year. This economic downturn officially lasted until June of 2009...though many negative effects having continued to linger well into 2015.  As it’s been one of the most significant economic crises in the United States in the last century, many now call it “The Great Recession.”

As real estate investors, it’s vital to pay attention to the economic climate—not just in our local markets, but in the U.S. as a whole.

We still struggle with the aftershocks of the recession. Its causes, recovery, and future are intrinsically tied to the real estate market, unlike that of recessions past. Especially as so much is hinging on the housing market, now more than ever, we should strive to understand how it happened and where we need to go from here.

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Topics: real estate investing, U.S. economy

Turnkey Real Estate: The Face of Millennial Investing?

Posted by Chris Clothier on Fri, Oct 16, 2015

We’ve written many a time about the issue of millennial homebuyers. More importantly, a lack thereof. Millennials, our generation’s 20- and 30-somethings, are often saddled with student debt and financial hardships that cause them to delay life’s big milestones: buying a home, getting married, and having children.

To most of us investors, we think of millennials as our renters. Not our colleagues. For millennials, however, getting involved in real estate investment—particularly turnkey real estate investment—might just be the best route to homeownership and financial freedom.

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Topics: turnkey real estate, passive investing

[Infographic] Is There A Rental Crisis Brewing...?

Posted by Chris Clothier on Tue, Oct 13, 2015

Rent Affordability Could Be an Issue For Real Estate Investors

As a property management company reviewing hundreds of applications monthly for a handful of vacant properties, we get to see first hand the affordability and income issues that face today's renters.  However, is that a rental problem or an income problem.  Inflation is outpacing earnings growth and rental households have more than doubled in the last 15 years.  Yet, earnings have stagnated at best.  So, is this an issue?

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Topics: rental property

6 Alternative Sources For Real Estate Investing Financing

Posted by Chris Clothier on Thu, Oct 8, 2015

How investors find and fund deals is always a huge question for companies like ours.  Of course, we are in the Turnkey real estate business, so much of the hard work as far as finding, renovating, marketing, renting and managing is already done.  The part that the investor has to work on is the financing piece if they want to lever their investments.  There are many investors out there today who prefer to own property for cash, while still others choose to place leverage and borrow while rates are low.

That is not always possible for every investor based on many different factors.  Credit, time as an investor, number of properties owned and even levels of debt with other obligations all play a role in determining who can get and how easy they can get financing.

We have put together a few ideas of how investors can go about getting financing.  We have written a few brief comments about '6 Alternative Sources for Real Estate Financing' and invite all of our readers to leave comments on how they secure financing.  Any tips you can share with other readers are going to be very beneficial and we would love for you to share at the bottom of the article.

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6 Habits that Convey Professional Confidence

Posted by Chris Clothier on Sun, Oct 4, 2015

We could all use a confidence booster. When dealing with clientele, colleagues, or superiors, pretty much everyone struggles from time to time with their confidence. While we hope that our words and intentions will win out in the end, presentation is important in the professional world. If we expect others to have confidence in us — our business, our ideas, our input — we need to display confidence in ourselves.

Even if you have that confidence, there are subtle elements to professional confidence that don’t have to do with your thoughts and feeling about what you’re saying. No, many important keys to boosting your confidence and professional self-improvement are in learning good habits and unlearning the bad ones.

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Topics: professionalism and courtesy, self-improvement