RiverTown’s Blog Stream

Hiring a real estate broker is one way that landlords find tenants for your Memphis property. It makes sense because brokers can help you find an investment home in a short time. So why not a tenant too? However, an even better solution would be to hire a broker who is also a Memphis property manager.

If you want to rent out your Memphis residential property, it is necessary to screen your tenants before you come up with a rental agreement and allow them to move in. A bad tenant can not only reduce your return on investment (or ROI) on the property, but can also create a lot of trouble for you. A good tenant, on the other hand, can become a real asset for your rental property.

Buying a property is a substantial investment and all property owners are looking for ways to maximize the return on investment (or ROI) from their real estate investment. One of the ways to do that is by renovating your properties so that it looks good; these updated properties are in great demand in Memphis. However, that is not the only way to maximize the ROI from your Memphis rental property. Here are five more.

The Memphis rental real estate market has grown exponentially over the past year, with more and more families opting for property rentals over standard home ownership. As Memphis has developed to be one of the best places to live in Tennessee, the requirements of tenants in Memphis are significantly different today than what they were a few years ago.

The real estate market in Memphis has increased steadily over the past few years. The median sale price for residential property in this market has been rising consistently at approximately 14% year over year.