Landlords have something of a bad reputation. In movies and television, we rarely see the landlord as anything but an antagonist. They’re portrayed as greasy cigar-chomping sociopaths in the real estate biz for a quick buck. Essentially, we are portrayed as less of the long-term investor that the landlord has evolved into and more of the slumlord that is easy to despise! Who cares if the tenants are happy? Who cares if the maintenance requests go unanswered for a while and when we do answer it’s with the cheapest and most incompetent people possible? That is the perception and those are the questions most equate with the mind of landlords.
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The numbers in the graphs below represent Premier Property Management Group as it stood on the last day of October and how we have performed year-to-date 2013. An important part of each of these updates is an awareness by Memphis Invest, GP to monitor our growth and performance and to remind all of our readers that there is nothing typical about real estate investment. The number we report are not to show how an investment will perform or what rate of return an investor will achieve if they purchase property from us.
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If you talk to enough real estate investors, then you are bound to hear the following phrase:
Great property management CANNOT make a losing property investment into a winner. But, bad property management CAN make a winning property investment into a loser!