Rental Feedback and Area Feedback

[Khizer Husain]

Hi, I am planning on making an offer for a property around Poplar Ave, Memphis, TN 38105. 

How is this area? Is it good or bad? hows the crime rate?  how much would studios and one bedrooms rent for here?

[Cherie Ganesh]

No I haven't used it. I'm a commercial broker so only use Reator.com to look for SFR comps and new properties on the market in the area if Memphis where my rental houses are. As a CCIM, I use Site to Do Business which is a very robust application and has a lot of special info used to look for markets for users and look for comparative demographics to successful markets they may already be in. Even application like that are never accurate in markets that are in transition. Some data is updated with new data every year, some every 5 years and a lot of every 10 years when the census us done. Memphis can be a tough market to analyze since an area can change in a few blocks so a generalization even at the smallest area which is a census tract, the demographics can change radically and especially in areas that are in transition. Most of that inside the inner core of Memphis has been in the last 10 years so most demographic apps won't show the radical changes happening. I taught site selection for CCIM Institute for about 8 years so I truly understand the technical side of demographic analysis. For years I was a buyer rep and a huge value I brought to them was demographic analysis and understanding of local and regional markets from being on the ground. Pulling up crime stats in a city like Memphis may not help a lot since it typically gets reported by zip code which in Memphis are large areas due to our low density and our police department tends to report better than many cities so ours can look worse than other comparably sized cities.