Reach out to Dean Harris or Allie McAlister at Crestcore Realty; they'll get you set up. Additionally, Dean hosts a podcast, The Investor's Guide to Memphis Real Estate, which is a great source of information for investing in general and, of course, investing in Memphis.
Reach out to Dean Harris or Allie McAlister at Crestcore Realty; they'll get you set up. Additionally, Dean hosts a podcast, The Investor's Guide to Memphis Real Estate, which is a great source of information for investing in general and, of course, investing in Memphis.
Dean and I would be happy to get you set up with the team! We can get you connected with property management and source some solid deals for you. Happy to take some time to connect.
Hi Joe! My podcast will be a useful tool as you learn about investing in Memphis TN and really just investing in general! Love to connect and tell you how I work with Out of State investor's, all day, every day!!
You can look up The Investor's Guide to Memphis Real Estate anywhere you find your podcast! You can watch us on YouTube or Facebook!
I also own a large portfolio of single family rentals and speak to you as a 10+ yr investor and owner of 100+ SF properties.
Looking for an investor friendly agent or Property manager who has knowledge and experience with rental properties in the Memphis/ surrounding areas!
Hey @Cory M.! Thank you for the kind words! Welcome to BiggerPockets, @Joe Auletta! You’re looking in the right place—Memphis is a very investor-friendly market, and having the right local team makes all the difference when it comes to rental success. Whether you’re buying single-family, small multifamily, or value-add properties, the key is working with an investor-friendly agent who actually owns rentals and understands cash-flow numbers, neighborhood dynamics, and long-term performance, not just retail sales. Pair that with a strong local property manager and a reliable general contractor, and you’ve got real boots on the ground to help you execute deals correctly and protect your investment. As you get closer to buying, I’d also recommend you start practicing now by analyzing ARVs, rents, and market trends, and getting familiar with the layout of Memphis neighborhoods so you know exactly what you’re buying. I work with out-of-state and local investors every day and can help connect you with the right property management, contractor, and lending contacts so everything is lined up before you pull the trigger. Feel free to reach out, talk soon!
Memphis is a robust rental market, however the right local team can change the game. I would suggest that you get in touch with a real estate agent friendly to investors who is practically owning or selling rental properties in such areas as Cordova, Bartlett, Whitehaven and parts of South Memphis and combine that with a property manager who applies genuine systems (online portals, clear reporting, eviction experience).
I’m a real estate agent based in Memphis, TN, and I work almost exclusively with out-of-state investors building long-term rental portfolios in Memphis and the surrounding areas. I’m very familiar with investor buy boxes, cash-flow analysis, and the neighborhoods that make sense (and the ones to avoid).
I also work closely with FoundationPM.com, a full-service property management company here in Memphis, so I can help connect you with management that already has systems in place for leasing, maintenance, reporting, and long-distance owners.
If Memphis is on your radar, feel free to comment back or shoot me a DM! Happy to answer questions, talk neighborhoods, or help you build the right team.
We’re a Property Management Company (PMC) in Metro Detroit ONLY, with 25+ years of experience, and we’ve seen owners make the same mistakes, over & over again when looking to hire a PMC – which drives us nuts!.
In our experience, the #1 mistake owners make is ASSUMING all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY.
So, owners mistakenly think price is the only differentiator – and look for a PMC like they’d shop for groceries☹
We encourage you to learn from the mistakes of others by reading posts here on BiggerPockets from owners that picked a PMC solely by price and regretted it.
We recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.
Even if someone gives you a referral, do NOT make the mistake of assuming that just because a PMC met their expectations, they’ll meet your expectations. We all have our own expectations and what works for someone else, may not work for you.
If you’re new to all of this, it's often a case of not doing enough research, as you don't know what you don't know!
So, ask more questions!
EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean? What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.? You’d be shocked by how little actual screening many PMC’s do!
This also leads owners to ASSUME simpler is better when it comes to management contracts.
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings. Why do you think purchase contracts are so long and have such small print?
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
P.S. If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general. Take ownership of your mistake and learn to do the proper due diligence recommended above😊
Here’s some articles we’ve contributed to BiggerPockets about screening a PMC BETTER than you would a tenant!
Real Estate Broker · Memphis, TN · Member since 2015 · 1k+ posts · 890 votes
9mo
Hey Joe, welcome to BiggerPockets! I have been helping out-of-state investors like you for over 20 years. Memphis has a lot of hidden opportunities, and I’d love to be your boots on the ground here. Feel free to reach out anytime!
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