The Best and Worst Cities for Renters

Memphis_skyline_from_the_air

What are the best and worst cities for renters? Well, WalletHub set out to answer that question by looking at criteria such as affordability and quality of life. I’m always a bit dubious about these things but people do read them. So we as landlords should be at least a little bit familiar about how others see the markets we work in. Looks like Memphis took a hit due to quality of life issues such as crime. But at least we score high in affordability. …

Just Graduated? Where Should You Move?

Group of young people having fun together at home.

Trulia recently published a study that tried to answer the question: Where is the best place for a recent college grad to move? In this study they developed something they call the Graduate Opportunity Index. This index looked at 40 major cities across the United States and ranked them based upon the number of jobs available to recent college grads, rental housing affordability and the number of millennials living in that city with a college degree. How did your city rank? Check out the study…

How Much Space Does $1,500 Get You?

How Much Will $1,500 Buy?

How much square footage does $1,500 of rent get you in America’s largest cities? It’s pretty good if you live in Memphis, but what about other cities? Check out this interesting post from Rentcafe to find out and compare.

What Is A No Fault Eviction?

Lease Agreement

The term “No Fault Eviction” has become a rather hot term in the headlines lately. Teachers in San Francisco want protection from them. Across the Country in Boston tenant groups are asking the city to stop landlords from using them. But what is a “No Fault Eviction?” How do they work? And why are people suddenly getting so upset about them? A so called “No Fault Eviction” is an eviction where the tenant is evicted through no fault of their own. They paid their rent…

Podcast – Investing In Multi-Family Properties with me, Kevin Perk

Podcast

I recently did a podcast with Curt Davis over at Investor Talk Radio on investing in multi-family properties. In the podcast Curt and I discuss several aspects of investing in multi-family properties, including how to get started, financing them, the risks and rewards and much, much more. Give it a listen here.

Reaching The Top Again?

Case Shiller Index October 2015

According to the S & P Case Shiller composite index home prices continue to rise. The latest data show a 5.5 percent gain in prices from October 2014 to October 2015. That means that as of October 2015 home prices have returned to their 2007 levels in the 20 cities included in the index as can be seen in the chart below.               The real estate boon is and has been on again folks. Real estate is sexy again….

Have Home Prices Rebounded In Your Area?

Change In Home Prices

Have home prices rebounded in your area? Check out these maps and graphics from the New York Federal Reserve. I can say that here in Memphis, TN prices seem to have ticked up a bit, especially in the parts of town I deal in. It also seems to me that there are fewer deals out there and more people chasing them. Are the boom times coming back? How are things in your part of the country? Are prices up? Deals harder to come by? Please…

The SmarterLandlording Podcast – Episode 5 – The Turnkey Provider

The SmarterLandlording Podcast

The SmarterLandlording Podcast – Episode 5 – The Turnkey Provider “Just getting out there and doing it is the best way to learn!”                           Links We Mentioned Mid South Home Buyers – Terry’s turnkey company. If you are thinking of investing in Memphis or want to contact Terry, this is the link for you. Due Diligence Questions – Click here to see Terry’s 19 due diligence questions that will help you identify the…

Investors Are Being Watched

magnifying-glass

We should all be aware by now that serious Wall Street money has gotten into the landlording business.  Hedge funds have been buying up thousands of foreclosed homes all over the United States and placing them on the rental market.  I have been watching this process take place here in Memphis, TN and have wondered how it is all going to shake out in 5 or 10 years.  Looks like others are starting to watch and wonder as well. This article from the Memphis Daily…

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