What is the norm in Memphis TN

[Brian James]

I have been looking at some properties and even been told by some property managers that it is not uncommon to rent a place with no appliances. In my experience places always had a stove and refrigerator. Anybody else come across this? I have been adding the cost of those two appliance to my CAPEX when analyzing potential deals.

Thanks in advance.

[Dean Harris]

I own a large portfolio of single family rentals in Memphis, TN  in the rental ranges from $900-$2300. You need to be careful using a one method of providing appliances....especially if it sounds too good to be true. In a lower end rental in Memphis, you can get away with minimal appliances (Borderline slum lord). Sometimes just a stove/oven will be enough. In other rental markets in Memphis, you will need to provide a stove and maybe a dishwasher and then in others you might need to privde everything in order to get your market rent. Be careful listening to agents and investors that own just a few rentals in a isolated location. I own property  in 12 different zip codes around Memphis. Im happy to answer any questions you may have

I also host a weekly podcast called the "Investors Guide To Memphis Real Estate". You can listen wherever you listen to podcasts. I talk about this specifc topic in one my my shows!

Best of luck!