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Renters make up almost 42% of the Memphis population. All of these renters are paying rent to hardworking landlords like yourself. Do you know the ins and outs of rent collection? Rent collection is fairly straightforward. After all, tenants fully anticipate having to pay rent, and for you, it's just another part of the job. That said, we're here to talk about the basics of rent collection so you know what to expect (and so you can make it easier for both you and your tenants). Read on to learn more. First: Setting Rent Prices If you haven't al…

More than 36% of households rent apartments or homes to live in versus owning homes. As a result, rental properties are always in high demand, which is great for landlords. Landlords invest money into the properties they purchase, yet they make money by renting them to people. Therefore, landlords must be selective when choosing their tenants. So, how can a landlord be selective with this process? The best way is through effective tenant screening procedures. Screening every applicant helps you learn more about each one. The result is finding t…

Investing money in real estate is a lucrative business, which might be why 48% of all rental properties have individual owners who manage them. Large investment firms own the rest. You might be fine managing one or two properties, but can you manage more? If you're hoping to grow your portfolio by owning many rentals, you might need to turn to a property manager. Hiring a property management service company allows you to own investment properties without dealing with the day-to-day operations. But you'll need to choose the right company. Of cou…

Most single-unit rental properties are owned by individuals who possess a handful of units. Over 72% in fact. Many of these landlords are what we would consider "accidental landlords," with property maintenance far from a priority for them. These landlords never planned on being in the rental business, but circumstances led them there. Maybe they inherited a property from a relative. Maybe they needed to relocate for work and couldn't sell their home. Or maybe they bought a fixer-upper intending to live there themselves but realized after start…

Did you know that the global real estate market is valued at $3.38 Trillion? That’s a staggering amount of money, and it’s no wonder real estate is such a popular investment. But with so many options available for you to consider, how do you choose the right real estate investment company for you? This blog post will consider and explore some of the top strategies for choosing a real estate investment company. Keep reading to learn more! What Is a Real Estate Investment Company (Rec)? A real estate investment company is a business that owns, ma…