I thought that was a great question when it came up in our planning meetings for 2010.  Back in December, each of the department heads here at Memphis Invest were challenged to set the goals and agenda as well as the plan for reaching those goals for 2010.

What became evident very quickly, was that everyone was aligned in wanting to smooth the process and address the needs of our clients and investors first.  We reversed our sales process and looked at the questions we were asked by investors after the process was complete.  These were the areas where we needed to focus our attention.

By installing a game plan for customer service that focuses on reaching out to investors and answering their questions early and often, we have reduced the number of questions after the sale and further enhanced the notion of "turn-key" investing at Memphis Invest.  Customer service has to be a focus for any service company and put simply, Memphis Invest wants to be the BEST service company in the industry!

There is still work to be done.....But we're getting closer!

Value of investing in Memphis real estate on the rise!

If you haven't figured out why you are investing in Memphis real estate then maybe some of these stats will help you out.

- Memphis' Median Home Value fell to $99,965.  VERY AFFORDABLE!

- Memphis is 21% undervalue entering 2010.

- The over-all consensus is that Memphis will continue to see opportunity for investors as home prices remain below value.  A second wave of foreclosures will keep the supply side high and pricing for investors well below value in 2010.

- Unlike other similar markets, Memphis is a stabilized rental city where a majority of the single-family residences are non-owner occupied rental units.  There are more renters than owners in the city of Memphis and not enough properties of higher quality.

- Mortgage rates are expected to climb to an average above 6.25% by year end which remains HISTORICALLY low even after the climb!

- With the Memphis job market predicted to see growth in the supply, defense, medical, staffing and distribution fields, demand for Memphis rental housing should continue to be strong.

- Analysts believe job market will stabilize with unemployment around 6%-8% for Memphis.

MemphisInvest.com is owned by investors who are constantly keeping our eyes on the local economy and specifically the housing and rental markets.  We feel that 2010 will continue the recent trend of years with outstanding opportunity to take advantage of low entry pricing with high rates of return on investment.

Kent Clothier
MemphisInvest.com