The Benefits of Partnering with a Memphis Property Management Company for Real Estate Investors - Article Banner

Memphis has proven to be a great market for real estate investors, even during strange economic times and markets that can befuddle even the most experienced investor. When you’re trying to grow your investment portfolio and earn more on the rental properties you currently own, it’s a good idea to work with a professional Memphis property management company

Smart investors know that our advice and support can be invaluable when it comes to making good investment decisions, earning higher rents, and gathering better returns on investment (ROI).

Memphis Property Management: Identifying Opportunities 

Your real estate agent will be a valuable resource when it comes to identifying properties for sale, setting up showings, and negotiating the best price and terms before you close. However, a property manager who knows the local market and has great relationships within the investment community can also help you when you’re looking to buy a new rental home

The right property management partner can help you identify investment opportunities in Memphis and the surrounding communities. This partnership will require that you discuss your investment goals and the specifics of what you’re looking for. Maybe you want a selection of units in a new construction building downtown. Perhaps single-family homes in the Memphis suburbs are more what your investment portfolio needs. 

Property managers can introduce you to new neighborhoods, identify great investment opportunities, and provide data and feedback on properties specific to what you’re looking for.

Accurately Estimating Rental Values

You’ll need to know how much you can expect to earn on a rental property before you buy it. 

Memphis property managers have access to reliable, accurate data that can help you crunch the numbers before you invest. Not only will you get to evaluate the range of potential rental values, you’ll also get to talk about the potential vacancy time that you’ll face. You can discuss any repairs or upgrades that may be necessary before the property is ready for the rental market

We’ll help you navigate the wealth of information that’s out there, and help you avoid the misleading information that’s often mistaken as fact. We have experience evaluating and analyzing the amount of money a potential Memphis rental property will earn. 

Our market is changing every day, and the demands of highly qualified Memphis residents are changing, too. More and more tenants are working from home. They’re expecting smart home technology and video doorbells. 

You need a property management professional who understands those market trends and the preferences of your target tenant pool before you invest in a property. Don’t rely on rental data you find on Zillow or Craigslist. Look at numbers that are recent, real, and reliable.

Memphis Property Management and Leasing

Make MoneyReal estate investors want to begin making money on their rental properties right away. This is another good reason to partner with Memphis property managers. We can plan a marketing strategy and schedule the vendors and cleaners and landscapers who will be required to prepare your property for the rental market and its potential tenants

When you’ve decided to increase the size or the value of your investment portfolio, you need to work with a Memphis property management company. We have the resources, the experience, and the relationships to help you have a better investment experience. 

If you’d like to learn more, please contact us at CrestCore Realty.