All Forum Posts by: Michael Hayes

Hey everyone,

Looking for some good book or online education recommendations on putting systems in place for a long term rental management company.

Thanks, 

 You're right I see the additional bedroom info now.  Appreciate all that info.

Appreciate that feedback! Are you saying that sometimes the vouchers exceed the FMR set by HUD?

I just asked a question about FMR in the Memphis forum. Are you guys pricing all of your rentals based exactly on what the FMR is? And how often are you seeing that HUD is paying 100% of this for you?

That link may be showing blank data, but for Memphis they are showing for 2024...

$1014/mo for an efficiency

$1146/mo for 1 bedroom

$1298/mo for 2 bedrooms

$1711/mo for 3 bedrooms

$1995/mo for 4 bedrooms.

No data for 5 bedrooms if anyone knows where to find this.

Question for anyone investing in Memphis and focusing on section 8. I've managed a couple of section 8 rentals before, but I don't believe I was actually maximizing the rent. I'm planning on doing some BRRRR's but with a focus moving forward of accepting housing vouchers. I'm seeing that the HUD fair rental prices are increasing pretty good going into 2024. I never paid attention to this before and only focused on what the rent was for the particular area. When you guys are pricing your rent based on accepting housing vouchers, are you always marketing it based on what the fair market rent is per HUD? And how often is HUD paying 100% of this? Also, does https://www.huduser.gov/portal/datasets/fmr/fmrs/FY2024_code...

Hey everyone. Any real estate companies in Memphis have any job oppenings? I've been mostly wholesaling for the past few years but I have some experience with turnkey fix and flip, residential fix and flip and managing a personal rental portfolio. I'm looking to get in with a company to further develop, and bring some experience to the table.

Hey everyone.  Any real estate companies in Memphis have any job oppenings?  I've been mostly wholesaling for the past few years but I have some experience with turnkey fix and flip, residential fix and flip and managing a personal rental portfolio.  I'm looking to get in with a company to further develop my knowledge base (especially in the construction, rental or commercial space), be able to network with some high performing individuals, and bring some experience to the table.

Absolutely!  I'm finding myself needing to take a step back to fully implement the teaching and build cash flow though.

I haven't done signs consistently in a while but when I was having people place signs for me, I created this simple document as a guideline.  Probably time to update it since I'm looking to restart and do more, but this may help. 

 https://docs.google.com/document/d/1qIvK30zw3fffj_b2MWNnT78h...