All Forum Posts by: Account Closed

@Sandra Holt, you're the real MVP here.  Good on you for sticking to your guns and treating your tenants with decency and candor.  It takes guts to wager a bit of short-term profit on humanity, but I offer that it will pay you back.  

It's good to watch out for your bottom line, but it is also important to realize the importance of housing in a person's life.  All the best, Sandra.

Memphis keeps expanding, so those areas may be Memphis soon.

you could check the register of deeds, if that county lists those records

some parts of 38128 are unincorporated. Not sure about other zip codes.

I'm going to second NOT boarding up the home, because it's the pits for the people who have to live around it.  

Putting a cage on the AC is sensible and not that expensive.  It also prevents you from needing to remove the thing if the place is vacant. 

That's from my experience as a homeowner, though, and not as a seasoned investor.

Alternately, I could just as well find the back taxes for all the houses on a particular street.

@Curt Davis right now I'm not. Eventually, it could be a lead generation service for which people pay. I'm good at mining Shelby county data.

I'm not marketing a service, but I'm wondering whether or not people would be interested in receiving daily updates about Memphis area foreclosures.  Basically, I scour for Assignments of Deeds and Substitute Trustee Deeds, then run those through a little system that pulls the owner's info, a photo, map links, plus links to deeds and titles at the register.  It's all public data, but I can package it quickly and nicely.  

Would this be a service that the BP community would be interested in?  

An example of the kind of data I'm talking about is available here: https://drive.google.com/file/d/0B5pr1-PA8FmiU2lKS...

"In 2013, nearly half of renters were considered “cost-burdened,” meaning they spent more than 30% of their income on rent. More than a quarter of renters were considered severely cost-burdened, forking over more than half their income on rent."

http://www.forbes.com/sites/laurengensler/2015/06/24/rising-rent-cost-burden/

 Better let them know in advance. Not everyone can easily absorb that much extra cost. Give them ample time to find something they can afford.

How about giving them their current rate on a lease for the next year, then raising it?