According to BestNeighborhood.org, 36.99% or more than one in three people in Memphis, Tennessee, live in rented homes or apartments.
Such a high renter population further establishes Memphis, also fondly called “Bluff City” and “Home of the Blues,” as a win-win place for renters and landlords. So, if you’ve always wanted to invest in rental real estate, consider becoming a property owner and landlord in this beautiful, charming, and historic city.
To make things easier while maximizing your investment income, consider partnering with Reedy & Company, our full-service investment property management firm. With our rental property optimization strategies and professional solutions, we can help you become a profitable landlord in the long term.
Keep reading to learn how we can help and why we’re your premier choice in real estate management services.
We Specialize in Full-Service Real Estate Asset Management
Reedy & Company is a fully licensed property management firm that delivers full-service real estate solutions. Here’s a quick overview of what we offer and what you can expect when you partner with us.
Rental Valuation
One of the things our expert property managers will do when you choose Reedy & Company is to conduct a comprehensive and accurate valuation of your rental property. We do this because rental valuation or analysis allows us to:
- Accurately determine your property’s fair market rent (FMR)
- Help you set a rental price that attracts tenants and is profitable to you
- Determine how to improve the property and lease agreement to make them more enticing to renters (and potentially increase rental rates)
An example of the last one is transforming your property into a pet-friendly haven. According to Multifamily Dive, many landlords still ban pets despite 58% of renters having one. Due to these prohibitions, almost half of pet-owning renters have “passed” on rentals.
We’re pet-lovers at Reedy & Company, which is why the properties we manage have pet-friendly policies. Rest assured that if you partner with us, our pet policies and rules will help:
- Expand your tenant pool
- Add to your income
- Protect your property from potential pet damage
Advertising and Marketing
As a highly experienced property management firm, expect Reedy & Company to implement advertising and marketing strategies that work and can make your rental property stand out. We use a combination of tried, tested, and proven tactics, including but not limited to:
- Taking professional photographs of your property to showcase it in the best light possible
- Creating highly descriptive and engaging property listings
- Incorporating search engine optimization (SEO) strategies into the property listings
- Advertising and marketing your property on multiple rental listing platforms and websites
Our expertly crafted ads and carefully implemented marketing methods aim to give your Memphis rental property the most exposure and visibility possible.
Tenant Selection
Our property management team is also an expert in screening and selecting tenants. We use a uniform tenant placement process that involves screening each rental applicant and performing the following assessments:
- Income verification
- Employment check
- Criminal background check
- Rental and eviction history review
Please rest assured that at Reedy & Company, we implement a legally compliant tenant screening and placement process. We adhere to all applicable fair housing and tenant screening laws. So, with our help, you don’t have to memorize complex laws or worry about making costly mistakes that could land you in legal trouble.
Maintenance and Repairs
You must never put off property maintenance and repairs because doing so is against landlord obligations as codified under the Tennessee Uniform Residential Landlord and Tenant Act.
Besides, delaying necessary maintenance and repairs will only increase your investment property’s risk of disrepair. The worse the problem becomes, the more expensive it will be. You don’t want this, especially not since property maintenance and repairs are becoming costlier in the U.S., a problem that landlords face in 2025, according to Data Insights Market.
When you partner with us at Reedy & Company, you don’t have to worry about problems worsening. We’re proud to have an in-house licensed and insured maintenance staff who are always ready to fix things in your property when they break. They’ll also conduct regular unit inspections and maintenance to ensure your property remains in top shape and compliant.
We’ll Help Ensure You Get Paid on Time
At Reedy & Company, we aim to make you happy by ensuring you receive your rental income and profits on time. We also have tenant management strategies designed to satisfy them (e.g., promptly addressing their concerns regarding repairs and upkeep). Happy tenants tend to stay longer and renew their leases, resulting in long-term tenancies and lower turnover and vacancy rates.
To help facilitate on-time payments, our team always sends tenants a friendly reminder on the last day of every month about the incoming rent due date, which is the first of the month. We also remind them that their rent is already late if they pay on the sixth or after. If we don’t receive anything by the sixth, we contact them and work things out.
If we still haven’t received payment or a response from the tenant by the 15th, we’ll help you begin the eviction process.
We’ve Been Doing This for Over 40 Years
One of the things that makes Reedy & Company your top choice in Memphis property management is our decades-long history. While our founders, Jim and Debi Reedy, only launched the firm in 2002, our real estate prowess and property management expertise go farther back. We’re proud to have over four decades of experience doing what we do.
Throughout our company’s years in service, Reedy & Company has:
- Managed 3,500+ properties
- Sold 1,000 investments
- Handled 1,200 apartment units
- Made 5,700+ clients happy and satisfied
So if you’re looking for a well-established property management group in Memphis, TN, with a rich history and stellar record, look no further than Reedy & Company.
Ready for Unmatched Property Management Services?
With Reedy & Company’s extensive service history and expertise, we’re undoubtedly your premier choice if you need high-quality real estate and property management services. We’ll use our 40+ years of experience to make your Memphis rental properties stand out and profitable.
Then, if the time comes that you want to expand your portfolio, know that you can also trust and rely on us to help you with your new investments.
Reach out today so we can get started with your consultation!
