The Importance of a Mission Statement Great companies start with a vision or mission statement that provides a short summary of that company’s purpose, how and why they do what they do. These simple statements or phrases guide a company’s values and provide it with purpose. That purpose, in turn, orients every decision employees and … keep reading
Effective on all new homes that we market for rent, we will require a 2-year lease with a built-in rent increase between 3 to 5% in year 2. In 2007 when we started buying for our own portfolio, we used a 12-month lease that is common in the rental industry. Although the average stay with … keep reading
Unlike the typical property insurance policy we all have on our properties that is a must have, whether or not to get Umbrella insurance is not as clear. There is no right answer as to what is enough insurance to carry. Rather, it all depends on the risk tolerance of each individual. Insurance does not … keep reading
This email may be the most important one that I send out this year as it has to do with maximizing 1 of the 5 ways your rental property pays you a return and that is tax savings. If you are not approaching tax savings as a big part of the investment, then I would … keep reading
Every four years in Memphis, property values are reassessed for property tax purposes. This past 4 year period has seen in most all neighborhood’s, more appreciation then the previous 4 year reassessment period. Does that mean a property tax increase, likely yes, but not a big one as in theory according the county assessor website, … keep reading
