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A loss on a rental property does not automatically mean the investment failed. Most losses come from short-term factors such as vacancy gaps, unexpected repairs, or rent adjustments, and they can often be managed through strategic pricing, expense control, tax planning, or a shift in holding strategy. The right response depends on whether the loss is temporary, structural, or part of a longer-term growth plan. Imagine opening your monthly statement and seeing red instead of black while Memphis headlines still talk about population growth, renta…

Are landlords responsible for pest control? Residents can sue landlords if pest infestations cause health problems, property damage, or make the home uninhabitable. The scale of the issue is significant; according to the American Housing Survey, 11.6% of households nationwide report rodent problems over a 12-month period. Laws in Tennessee hold landlords liable if they fail to address infestations stemming from: Cracks in the foundation or exterior walls Faulty window screens or door seals Leaking pipes that create moisture attractants Poor sa…

Owning a rental home can be a smart move for long-term growth. In fact, the benefits of owning a rental property go beyond monthly rent checks. For investors looking to build steady income, reduce risk, and grow wealth over time, Memphis stands out as a strong market. Home prices under $200,000, steady rental demand, and local expertise from Reedy & Company Realtors make it easier to turn real estate into a reliable investment strategy. Below, we'll break down how rental ownership can strengthen your portfolio and why Memphis is a market wo…

When a Memphis winter sets in, the fundamental question for every rental property owner is this: Does a landlord have to provide heating? The definitive answer is yes. Landlords are legally required to provide a permanent, functioning heating system--this is a core obligation under the city's warranty of habitability, not a negotiable amenity. The financial and legal stakes for non-compliance are severe. Failure to provide adequate heat is a primary trigger for tenants to exercise powerful rights, including rent withholding or lease termination…

A strong ROI on rental property typically falls between 8% and 12%, though this varies by location and market conditions. Absentee homeowners can reach this target by reducing vacancy rates, setting competitive rent prices, and partnering with professional property management services. According to the Federal Reserve Bank of St. Louis, the national rental vacancy rate stood at 6.8% in 2024. Every month a property sits empty means lost income and reduced returns. For Memphis property owners who live out of state, managing these challenges from …