All Forum Posts by: Stephen Akindona

Hey CJ, I definitely don’t think you should be lowering the standard of good service. Under no circumstance should a rent ready be quoted at 3-4k then invoiced at 6k with no explanation or approval. That is absurd. As it relates to longer vacancy times, I would say that I am seeing this across the board. Things are taking longer to rent. I’m not sure if this is due to the recent surge we experienced in rents and now things are leveling off but time on rental market has increased. As far as your pm is concerned, if you have been happy for 14 years then they are doing something right! It’s maybe not the time to find a new company but you definitely need to get them in line as it relates to communication. You should be approving repairs of that expense every time. Also to be clear a 4 month vacancy is unacceptable. If the property is marketed too high, you should be getting this feedback from the PM. 

Hey @Pradeep R. I own a fully licensed and insured construction company. We could absolutely do this for you and much, much, much more. Shoot me a DM. 

@Matt C. Welcome to the BP community and welcome to investing in my favorite city! We have a very experienced team and we really are a one stop shop for the entire process in Memphis. I would love to chat about that with you but in the mean time you can shoot me a dm and you can have our free zip code guide to get you looking in the right areas!

@Devvrat Kumar welcome to the BP community. I am a local broker, investor and contractor in Memphis. Let me know if I can help you in any way! 

@Corey Logan we should link up we might be able to help you or connect you with the right folks in Memphis!

@Derek MacBay

Shoot me a DM and I can get you our zip code guide!

@Kathy Diamond as others have mentioned Memphis and other midwest locations are ideal for the 1% rule. Also as others have stated this is probably the metric that matters least in your analyzation. Send me a DM if you wish to discuss further. We also created a free Memphis zip code guide that will help you identify which areas you should be looking at!

@Jake Posner Welcome to BP! This is an excellent community of like minded individuals that can greatly help you achieve success in your investing pursuit! Don't be afraid to post questions and reach out to folks. I of course love Memphis! I live here, invest here and help OOS investors invest here so hit me up if you ever need anything! Also we created a free Memphis zip code guide that I can send you if you DM me. 

Happy Investing!

@Stacy McGee I would recommend just hiring an attorney to handle this for you. If you DM me I can share the contact info of the attorney we use for all our evictions. 

@Scheherazarde Roddie you can use Zillow as a free resource but if your willing to pay for more data pro stream can also be used to help you pull comps. You can always reach out to me anytime and I can send you a comp report on any potential properties you are evaluating.

Happy investing!