Memphis Section 8: That $75 Rent Increase Could Cost You $10,000

[James Wise]

Memphis Section 8: That $75 Rent Increase Could Cost You $10,000

Memphis Section 8 investors can destroy years of extra rent by pushing out a paying tenant over another $50 or $75 per month. In rougher rental neighborhoods, turnover often means lost rent, cleanup, flooring, paint, repairs and a renovation bill that can easily reach $10,000. James Wise explains why long-term occupancy matters more than maximizing every dollar on a spreadsheet and why the tougher the neighborhood, the more important it is to keep reliable butts in the units. Whether the tenant is on Section 8 or paying privately, avoiding unnecessary turnover can protect your cash flow and keep a profitable Memphis rental from becoming an expensive construction project.