Property management is one of the toughest jobs in the world of real estate investment. Pleasing and retaining residents, ensuring properties are well-taken care of, and protecting your investments on the day-to-day is an often under-appreciated but critical part of your success.
In part one of our interview with Mark Anderson, executive and head of renovations for Memphis Invest in Tennessee, as well as Dave Smith, head of renovations for Memphis Invest in Texas, we dove in depth about the day-to-day operations of the renovations team, how we distinguish ourselves from other investment companies in the renovations process, and our “WOW” relationship with our vendors.
At Memphis Invest, each and every one of our teams, from customer service representatives and property management to sales and renovations, work together to create a stand-out “WOW” experience for everyone we come in contact with. We know that we couldn’t do it without our investors, vendors, residents, and these dedicated teams.
Taking hold of your financial future for the first time can be a daunting prospect. There is an endless number of possibilities when it comes to investing, and stepping out into the unknown can be especially challenging.
At Memphis Invest, we believe in the power of relationships. As a family-owned business, we know that community, closeness, and building lifelong bonds are invaluable not only to our success and that of our clients but to a sense of security and belonging.
Real Estate Investing & Entrepreneurship
With over 35 years under his belt as an entrepreneur, Kent Clothier, Sr., CEO of Memphis Invest, knows a thing or two about what it takes to be successful. From building a high-quality team and keeping that team focused on customer service to inspecting what you expect from every vendor and service provider doing business with our company and clients, Kent Sr. has helped set the tone for the success of Memphis Invest.
Real estate investing is not an investment that investors should just jump into with both feet. When it comes to Turnkey real estate especially, the team you choose and the level of their experience is critically important. If there is one thing that sets apart the ownership and leadership at Memphis Invest from other Turnkey real estate providers, it is the commitment to building and developing a phenomenal team. That dedication to development start at the top.
Recently, Kent Clothier, Jr. hosted Kent Sr. on his weekly podcast, The Time Is Now, to discuss his history as an entrepreneur and the unique way in which we built Memphis Invest and Premier Property Management. This podcast may be short, but it is PACKED with great advice and practical insight into how each company operates today.
Get ready, because this is a fantastic listen!
Topics: Memphis Invest
So you’re thinking about remodeling your investment property. You want to increase your property value, up that rental price, and, down the line, maybe resell your property for a lot more than the purchase price. Pouring into your investment property can be a great idea, but it can be a monumental task—you need to make sure your property renovations are well worth the effort!
Here’s the question: we know that the best ROI comes from renovating the kitchen and bathroom. Everything else is secondary. But do you know what renovations within those broader categories really make a strong impact?
Topics: Memphis Invest
By Hannah Ash (To read the original story in it's entirety in the Spring 2016 issue of REI Voice, please click here. )
Welcome to the peak home buying season of the year! The first quarter of 2015 was sluggish in many real estate markets, Memphis included. The cold temperatures combined with lingering recession struggles and aftereffects of the market crash meant that things were slow to take off. But now, it looks like Memphis real estate is in for an upturn. One big reason...real estate investing! As more and more are turning to renting a property rather than buying, the opportunity for real estate investors continues to grow.
Don’t get us wrong, the market wasn’t bad in the first quarter — homes were selling and home building was on the rise in Shelby County. There just wasn’t significant growth during the difficult months of February and March. By the same token, there wasn’t a decline in growth, either, which has lead to much optimism for the second quarter among real estate professionals.
This may be one of the most important articles on real estate you read, so pay close attention. Those words are not just hype either. This is an important topic for my family and our company. We have seen many investors get hurt by purchasing Turnkey properties from unscrupulous companies. However, we have seen even more investors get hurt by purchasing from inexperienced companies who use marketing gimmicks to sell their properties.