Memphis, Tennessee
Team
This provider is able to deliver unparalleled value because it does not operate as typical property management companies do. It exists to manage and support the very same properties that it buys, renovates and sells to investors.
Owner’s Philosophy: Perform a top-notch renovation and rent property at slightly below market rates to attract a higher-quality long-term tenant, ultimately increasing the return on investment.
Below are several unique strategies this provider utilizes to ensure your investment realizes the best possible return.
- Set rent at slightly below market price to create long-term tenants
- Eliminate application fee to increase size of applicant pool
- Applicant screening, starting with the largest possible applicant pool:
- check credit
- verify income
- run a criminal background check
- verify prior rental history
Market
Market Profile:
In the past year the Memphis economy grew at a faster rate than the overall U.S. economy. In 2021 unemployment was down, jobs increased at a rate of 2.82% and capital investments into the area grew by a whopping 87.31%. The area provides a low cost of living, and you can find turnkey rental properties for under $150,000. This market is one of the best in the U.S. for cash-flow. Major employers in the area include FedEx, ServiceMaster, AutoZone and St. Jude Children’s Research Hospital.

While Memphis proper has a population around 650k, its metro area is about double that, at 1.3M. Memphis is a historic transportation hub, situated on the Mississippi river, it has continued to be an important logistics cluster in the era of air travel. Memphis International Airport (MEM) is the busiest cargo airport in North America, and the second-busiest in the world. This is one of the stable industries providing a healthy job market in the city. Very exciting for real estate investors: Memphis is ranked #1 among US cites for rent-to-price ratio!
Population: 650,910
Metro Size: 1,336,103
GDP Per Capita: $46,029
Cost of Living: 61.9
Area: 304.6 square miles
Elevation: 338ft
Region: The South
Time Zone: Central
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