901RES Newsletter – August 2024
Memphis Rental Market Updates While many cities in the US have continued to see a strong rental market, other cities (like Memphis) are cooling down. Increased Supply Causing Drops in Rents According to Berkadia’s Q1 2024 Multi-Family report, the Downtown/Midtown Memphis submarket alone has 4,723 units under lease-up, construction, or planned. This oversaturation of available rentals has not […]
All About 1031 Exchanges
How would you like to buy another property and not pay any taxes? A 1031 exchange, allows real estate investors to delay paying taxes on the sale of an investment property. This is done by reinvesting the proceeds into a similar property. A 1031 exchange is also called a like-kind exchange or a tax-deferred exchange. […]
901RES Newsletter – May 2024
2024 Q2 Market Updates Here’s the long and short of it — rental properties nationwide are sitting on the market longer and leads are at a historic low. Time on the Market is at a High March 2024 was the worst March rental market nationwide since ShowMojo began tracking this data. Unfortunately, this trend is […]
901RES Newsletter – February 2024
Rental Vacancy Rate Vacancy rates on rental properties throughout the United States reached 6.6% in the third quarter of 2023. Q3 in 2022 was 6.0%, while Q2 in 2023 was 6.3%. Source However, Memphis and the surrounding areas have seen a much higher than average vacancy rate: Source This makes the average vacancy rate within […]
What Services Should an Owner Provide?
Determining which services you should cover for tenants is a crucial part of owning investment property. Most tenants will be more likely to rent if there is less upkeep that they need to take care of themselves. They may even be willing to pay more rent if things like cable, internet, and lawn service are […]