News Press

World Population Review reports that the median rent in Tennessee is around $1,500, making the state a great location for property owners looking to generate substantial passive income. Pet-friendly apartments can boost tenant retention and increase revenue, but they also bring noise complaints and policy challenges. This guide helps landlords weigh the trade-offs and build a rental strategy that supports long-term tenant satisfaction without sacrificing control or profit. Pro: Attracts a Broader Pool of Renters Pet owners often struggle to fin…

Around half of American homeowners are planning renovations this year, and many of those upgrades involve income-generating properties. For rental owners, the right improvements can lead to higher rent, better tenants, and fewer maintenance issues. But not all upgrades offer a strong return, which is why renovating a rental property requires a clear strategy, especially in a competitive market like Memphis. At Reedy & Company Realtors, we've helped property owners grow long-term value through smart, cost-effective updates. We manage over 3,…

According to the Consumer Finance Protection Bureau, 19% of U.S. renters reported paying their rent late at least once in 2023. If you're a landlord, that delay can throw off your budget fast. Learning how to collect rent from tenants the right way can help avoid stress and missed payments. Today we're taking a closer look into rent collection strategies that make life easier for Memphis landlords, from payment methods to automation tools. How to Collect Rent from Tenants: Methods That Work Memphis landlords often juggle different approaches de…

Lease negotiation can make or break your business. In early 2023, delinquency rates on office-backed CMBS loans jumped by the highest margin in nearly five years, climbing 125 basis points to 4.02%, according to Investopedia. This points to a wider trend: many businesses are struggling to manage their rental commitments. Entering a lease without a clear plan often leads to unexpected costs and terms that hurt long-term success. You need control; you need leverage. And yes, with the right lease tactics, you can absolutely win the terms you want.…

In the U.S., the average tenant stays in a rental property for just one to four years. For landlords, long-term tenants are highly valued, as they provide reliable income, reduce turnover costs, and help maintain stable occupancy. But getting tenants to renew a lease isn't always easy, especially in a highly competitive market like Memphis. At Reedy & Company Realtors, we understand what motivates tenants to stay. We've worked with hundreds of Memphis landlords and know the practical steps that encourage lease renewals. From simple communic…