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All Forum Posts by: Mike Mosee

Mike Mosee has started 5 posts and replied 159 times.

Post: General Long-Distance Investing Question

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 169
  • Votes 110

Your property management will determine the fate or success of your business.

They should be able to guide your purchasing decisions for mutual benefit.

We've never seen any of the properties purchased up front & to date been very pleased with results

Best,

Mike

Post: Recommendations for Memphis PMs

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 169
  • Votes 110

Hi Matt

We've had great success with Mid South Home Rentals (Division of Enterprise Realtors) for over 13 years.   They're big enough to do all things, but small enough to give personal attention to your needs.   We've never priorly seen the properties we've purchased , all on their recommendations, all as advertised.

Ask for Grant, 901-582-6431 for more information

Best,

Mike

Post: Looking for recommendations on property management service in Memphis area. Thanks 😊

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 169
  • Votes 110

HI Charles

We have had good success with Mid South Home Rentals, Arlington,Tn. for 13 years.

I'm a trust but verify guy so I have picture inspection reports done every 4 months.   They have met my expectations continually & respond to my requests in a manner that is a winning partnership.  They're big enough to do the job, yet small enough to be personal.   901-451-5201

Ask for Chris or  Katie

Best,

Mike

Post: Looking to find a good property manager without breaking the bank

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 169
  • Votes 110

Hi Aaron

Fees are very close to same for most PMs, so the difference is what you're getting service wise.   The charges will also vary depending on number of units.

I'm a trust but verify guy so I have picture inspections done every four months as renters fail to report issues.

We've used Mid South Home Rentals(division of Enterprise Realty) very successfully for over 13 years

Best,

Mike

Post: PM Fees - Too Much or Normal?

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 169
  • Votes 110

Hi Chani,

You are right to question fee structure.  10% is on high side.  We pay 8% & less than you've shown on other fees for great service.    Talk to Mid South Home Rentals (division of Enterprise Realtors, Arlington,Tn) before you signup with quoted company.

Best,

Mike

Post: Property management companies in Memphis

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 169
  • Votes 110
Quote from @Keleisha Carter:

Looking for referrals for  property management in memphis. Working with them would also be a huge bonus. Thanks in advance


 Hi Keleisha

If you have SFRs or small multi family we've used Mid South Home Rentals in Arlington,Tn quite successfully for over 12 years & can recommend them highly.

Best,

Mike 

Post: New to the Game

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 169
  • Votes 110

Hi Aaron

We moved 5 years back from Beaverton to southern Oregon to get away from Portland influence.   1031ed property to Memphis & land trusted into series LLCs there, all in Memphis area.   Overall been a good move.  You can contact me if desired.

Best

Mike

Post: What’s Memphis city high vacancy reason?

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 169
  • Votes 110

My vacancy in Memphis has been anywhere from zero to 30%, currently at 30.   As in every case the area, cost, amenities play into scenario.

Have never been above 30% in last 12 years, usually at 10%

Post: Property Management Company Recommendations?

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 169
  • Votes 110

Hi John

Our Memphis experience with 24 doors has been successful because of our property management company, Mid South Home Rentals, Arlington,Tn, division of Enterprise Realty.

Can't speak to others, but they've been solid for us going on 13 years.

Best,

Mike

Post: In need of good Property Management

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 169
  • Votes 110

Hi Marcus

If you're talking about Memphis/Shelby County, we've used Mid South Home Rentals/Enterprise Realty of Arlington,Tn, for over 12 years with great results.  Ask for Chris Peak.

We have both regular & Section8 renters.

I'm a trust but verify guy so I still have picture inspections sent me every 4 months, Cost $75.

Been back there a few times to find everything OK.   Have bought over 15 properties, sight unseen, successfully, on their recommendations.

Best,

Mike

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