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You're a property owner in Memphis with a growing portfolio of rental properties. The city's dynamic real estate market, known for its combination of history and modern developments, offers significant opportunities for growth. However, managing a lease portfolio effectively in such a bustling environment requires more than just collecting rent and handling maintenance requests. With multiple leases to oversee, each with its own set of terms and conditions, the complexity can quickly become overwhelming. But don't worry - there are options for …

There are currently 44.1 million renter households in the United States. You may assume that with such a larger population of renters, you have your pick of tenants, which is great for your income. However, there is an issue regarding tenants that no landlord can avoid -- finding and attracting them to your investment property. There are two ways to approach this: you do it yourself or use tenant placement services. Effective tenant screening can be difficult to do on your own.It's an involved and time-consuming process where you're finding out…

According to Apartments.com, the average rent in Memphis has increased by more than 1% in the last year. But how does that affect security deposit prices? And how much is a security deposit for an apartment in Memphis? Today we're taking a closer look into what influences these costs and what you can expect when renting in Memphis. Overview of Security Deposits There are three main reasons why security deposits are required when renting an apartment. They are: Protection for the landlord against potential damage Coverage for unpaid rent or uti…

Taking good care of your property is essential if you're a Memphis landlord. According to a recent article from Forbes, annual repairs can cost landlords approximately five to eight percent of their total gross rent. If you need to make repairs to your property, there are laws regarding sending a landlord repair notice to the tenant. Read on to understand the legal requirements and best practices when sending this type of notice to keep your tenants happy. What is a Landlord Repair Notice to Tenant? A landlord repair notice to a tenant is a doc…

A recent report reveals that 62% of landlords lack a comprehensive understanding of how their properties are used. This gap in knowledge underscores the critical role of property inspections. Here at Reedy & Company Realtors, we recognize that regular inspections are vital for maintaining property value, ensuring tenant compliance, and addressing maintenance issues swiftly. Understanding "Can landlords do inspections?" is crucial for both property owners and tenants to ensure a well-managed and harmonious rental experience. With over 40 yea…