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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Whether you are new to considering income properties for sale or you are a more seasoned real estate investor, the question remains: can you manage your property or properties by yourself, or should you bring in a professional property management company? There are many different factors to consider when you are figuring out whether to DIY property management for your cash flow real estate or whether to call in the pros. Here are some questions to get you started: