I am still searching for a solid and well run property management company in Memphis, TN. 

Run through some of the features you will need like setting up a property, moving in a tenant, receiving rent payments, and publishing online applications.Pay attention to which platform feels the best to you as you perform these functions.

Just make sure to run the numbers with the HELOC payment and the rent, so that you are not underwater every month.

It’s a gem for insights into running and expanding a business.

Another note on construction cost, going vertical is very expensive now and would require have a great connect with a developer and a builder in the area.See what rents are in the area and run the numbers to ensure the rents will cover your costs and give you a solid return—using the 1% rule can help.

Start running numbers on potential deals to get more comfortable, and build out your team—like a CPA, property manager, and lenders.

Even with our recent price increase, this discount gets you up and running for less than our 2024 price.

Start small, run the numbers, and ask tons of questions.

Most mortgage companies will not call loan due if payments are current but you do run that risk and need to be prepared to payoff or refi at a moments notice.

Hey, Jaycee, I've only been running it for a couple of months now since I closed but it's been doing about $6000/month in gross rents so far, this month will very likely be closer to $4500-ish since it's by far the worst month of the year for rentals in that area.