Turn Key investing should be a passive endeavor and easy process!

I write a lot of blogs and articles and it seems like more often than not, I come back to the same theme when discussing "how-to" for passive real estate investors.  Passive investing in real estate is a nice fancy term for becoming an absentee landlord.  After having a fantastic conversation with a group of investors out of Oregon, who found Memphis Invest .com after being dis-illusion-ed with another local company, I was spurred to write another blog about the "dos and donts" for passive investors.

Being a passive investor, you need to make sure you have either put together a fantastic team in place that reports to you every other day (which defeats the purpose of being a passive investor) or you work with a company that has already put that fantastic team in place. The company you work with is responsible for the performance of that team on a daily basis.  These really are two different approaches to the one goal that so many investors have identified as their top priority. In fact....

In all of the surveys we have run with our clients and even those who have never purchased from our company, they all identify the freedom, time and ability to out-source the day to day operations of their properties as their #1 goal for investing in Memphis real estate.

With those surveys fresh on our minds, Memphis Invest continually looks to improve our investment program and we feel very strongly today that we have put together the best program available for passive real estate investing in Memphis.  Here is what is provided for all of our clients:

• Property acquisition at discounted pricing
• Certified Appraisal provided before signing the contract
• Complete Bid list of detailed repair work provided before signing the contract
• Top quality selection of closing attorneys
• Top quality financing companies
• Property management provided with emphasis on customer service
• Monthly customer service calls to provide constant line of communication

• ONE contact for your questions!

By far the two biggest advantages we have, which comes directly from the survey asnwers, is our absolute commitment to customer service and our commitment to developing clients for life.  We refuse to just outsource all of the important services to other Memphis companies and hope that they have the same level of commitment and service as we do.  We choose to offer all of those services AND to take on all the responsibility of providing those services to the highest quality possible.  That's just the decision we made when we formed Memphis Invest.

This blog is not meant as a cut at any other company here in Memphis.  There are many other great companies here in Memphis that offer similar services and some that choose to offer a different form of Turn Key investing.  You will never hear me say a bad word about any of them.  Instead, I choose to brag on the fantastic team members we have developed and proudly declare our intention of offering the absolute best product and service every day.  After having closed over 180 transactions through the first 10 months of 2009, I believe we have had plenty of practice this year in correcting our mistakes and achieving our goals!