Technology today allows us to access detailed information and resources remotely, which makes it possible to make well-informed decisions even from a distance.Memphis is a city with a lot of hidden gems and under-the-radar opportunities that many investors miss out on simply because they’re not familiar with the local landscape.

The information contained in this post is not to be relied upon.

These gurus leave out of a lot of information and were lucky to scale that quickly from pre-2012 to 2021, which is really hard to do now in 2024. 

You only need a place to track tenant information, payment history, maintenance, etc.

.- Inform your tenants about the proper use of the dumpster.Each tenant should be responsible for taking out their own trash on the designated collection days, but having a common dumpster is usually more convenient and cost-effective.Remember, clear communication with your tenants is key.

I’m looking for connections with local property managers and realtors as well as for general information on the Rochester rental market, including cost-to-rent ratios, saturation levels, and regulations.

The information contained in this post is not to be relied upon.

Quote from @Michael Smythe: @Steve K.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

You only need a place to track tenant information, payment history, maintenance, etc.

Once you’re informed, we typically give tenants a 60-day notice for renewal, along with the new rent amount if there’s an increase.