MEMPHIS Investors Pls Help: Termite Treatments on Rental Y/N???

[Sara Hodge]

Memphis Investors - do you (or do you not) get annual termite treatments on your rental properties? We are currently buying a home in Memphis (so excited about it), and it just passed wood inspection with flying colors. BUT the guy said we 'FOR SURE' need treatment annually to prevent termites. He said it's very common in that area.

Prices were reasonable for services offered, but still - as an investor don't want to lose that cash flow! Thank you in advance for helping a newbie!

$575 first time

$175 annually after that

[Douglas Skipworth]

Sara,

Personally, I do not get termite treatments on my rental properties nor do the majority of the investors we manage for.

That said, if I owned only one house, I would be much more inclined to do everything I could to protect that specific asset.

Across a diverse portfolio of properties, the law of large numbers kicks in and you don't have to worry so much about one off events.  And, termite troubles in Memphis seem to be a rare occurrence, from everything I can tell.

Hope that helps.