Closed on another Mid South Home Buyers home

[David Hutson]

Morning all,

I closed on my 8th home with them a few days ago and it's in 38128 which is my favorite zip code to invest in.  The home is on Edgewood and should be another steady performer.

I have been receiving many requests regarding Mid South Home Buyers lately and whether their program really works.  The management is great and I am receiving consistent returns from them.  This is primarily due to their attention to detail and ensuring they get good tenants in the home.  
They don't charge application fees to prospective tenants so they tend to get a lot of people submitting apps but then they only choose the best tenants to move in.  Since their homes are renovated to almost new standard and they keep their rents at/slightly below market the tenants tend to stay longer.  I have only had a few vacancies but the turnover time has been under a month so that is great also.  

So if you have questions about them or turnkey investing in general feel free to message me.  I enjoy helping others become successful since I have been lucky enough to do well myself.  If anyone has had issues with them I'd also like to hear about it.  Maybe I'm missing something.

David

[Chris Clothier]

@Richie Thomas 

I agree wth David and I think David Hutson can update you on his portoflio experience with them so far.  Your assumptions are a bit too high and I'm not sure a 19% loss rate on miscellaneous costs is even necessary.  You have assumed extra already with your ratios so I think a miscellaneous costs is too much.  

I will also say that they do a really good job at the price point and in the areas that they manage.  We operate in slightly different areas of town and with different homes. It is difficult to be sucessful as a passive investor in the lower price points, but I think they may be one of the best around at hitting investors expectations.  There are a couple of companies operating here in Memphis that I would suggest to investors and they are definitely one of them.  When we speak with an investor who wants or needs to be in lower priced properties, we suggest they connect with the team at Mid-South Homebuyers.  

Good luck as you move forward!