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You Can Build Wealth Through Residential Property Investments

Are you looking for a way to build your wealth? One solution is to become a residential real estate investor. Investors can increase their financial security and create wealth through residential real estate investments. There are two ways to develop investment wealth: Become a new investor by turning your current residential property into an investment property; or purchase a residential investment property. If you have questions about either of these options, contact us.

As an experienced full-service Memphis property management company, we can help you determine if your residential property would be a good investment property and help you find that new home.

If you are looking to purchase an investment property, we can assist you with the purchase of the right property and managing that investment. We have proven technology and tools to manage investment property which includes advertising, maintenance and before and after video walk-throughs.  Don’t let the list of things you need to consider perplex you; we are licensed, experienced, and have the tools and reports to handle all of them.

 

Ask us about the benefits of becoming part of our “Power of 300” with a monthly management cost of only $100.00 per month — Call 901-800-8273 for more information.

Think About it - For InvestorsThings To Consider Before Managing Your Investment Property

  • First, Is your investment property ready? If not, who should you hire to prepare it?  After it is rental-ready, you will need to advertise the property.  Oh, not yet, you have to make some decisions first.
  • How much rent should you charge? Where do you advertise it? What will it cost? There is a multitude of choices; maybe Facebook. You will need pictures.
  • Who should take your pictures? What will it cost? Maybe you will decide to take your photos. Can you make pictures that display the best aspects of your property to show your prospective renters?  Now you’re ready to advertise, where? What will it cost?
  • Who will show the property? You will need to show the property to strangers usually during the evening and weekends.  Showing the property will eat into your family and leisure time.
  • You will need to check rental references.  How do you know you are speaking to the previous landlords when you call for a reference?
  • To get a qualified renter, how do you do a background check? What will it cost?
  • You will need an application. What kind of questions should you ask as not to be discriminatory? Where do you get an application that asks all the right questions and covers the legal requirements?
  • How much should you ask for a security deposit?
  • How do you collect the rent: check, money order, credit card, cash, direct deposit or all of them?
  • Now after all of that, your new tenant is ready to move in. How do you do your walk-through with the tenant: take pictures, video, use a checklist, etc.?
  • Who do you send if there is a maintenance request?  What if a pipe burst in the middle of the night, who will they call? Who will you call?
  • What do you do if the tenant damages your property? Do you have the right landlord insurance? Are tenants required to have renters insurance?

Looking at this list can cause you not to want to consider investment property, but, well managed rental property is in high demand and a good investment. Weichert SPM is a Memphis Property Management company that has the tools and reports to handle every aspect of investment property. Learn More

Consider, The “Power of 300” For only $100.00 per month; you can become “part of the power of 300” SPM managed properties. This program is an elite group of managed properties that are the most desired, best homes, with the best tenants and lowest turnover.  The management flat fee cost is $100.00 per month. Opportunities for these properties are going fast. Call 901-800-8273 to learn the benefits of becoming “part of the power of 300”.

For information for Investors,  Rental Homes or Home Owner Associations call  901-800-8273.

 

Whether you are a multiple property investor or a single dwelling investor, we provide peace of mind for investors and tenants.