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Two annoyed roommates.

Avoid These Common Pitfalls When Renting Your Next Home

At Advantage Property Management, we strive to make the process of being approved for a rental property with our company an exciting adventure for potential tenants. Nonetheless, there are specific pitfalls that renters need to avoid. We are convinced that being well-informed is the cornerstone of a successful and trouble-free rental experience. Here are five common mistakes to avoid when you become a tenant at Advantage Property Management.

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Understanding Common Lease Violations and How We Mitigate Them

Advantage Property Management is dedicated to delivering exceptional service to both property owners and tenants. Our primary responsibilities include upholding lease agreements, promoting a peaceful living atmosphere, and protecting a landlord’s property investment. In this blog, we’ll explore the five most common lease violations and explain how Advantage Property Management works diligently to prevent such issues from arising.

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Person labeling a moving box.

Tips for Renting Your First Property

Are you prepared to take the exciting step of renting your first property? Whether you’re moving out of your parents’ house, transitioning from college, or beginning a new chapter in your life, renting your own place can be a thrilling adventure. It’s an opportunity to create your own space, establish independence, and make your mark. However, it can also be a daunting experience, especially if you’re unfamiliar with the process.

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Couple packing to move.

Your Essential Pre-Move Checklist

Did you know May is “National Moving Month” in America? So, just like you, many people across the states are packing up to move. Did you also know that moving is one of the most significant stressors in a person’s life? According to a U.S. News Report, “Moving to a new place and everything becomes harder. You don’t know your way around, everything in your house is in a different place, and all the things that used to be automatic-how to get to the grocery store, and things like that-take more time and thought,” says U.S. News Report writer Warnick. Very few people can get through a move without feeling some sort of anxiety and stress. 

At Advantage Property Management, we want you to see moving as an exciting adventure. Yet, we understand from packing up your belongings to settling into a new neighborhood, there are many tasks on your to-do list. However, with some planning and organization, you can make your move more enjoyable and hassle-free. We have compiled an essential pre-move checklist to help you decrease your stress during the moving process:

Start Early

Procrastination can increase and even amplify stress levels. To avoid a last-minute rush you should begin to pack and plan well in advance. We also suggest creating a timeline and breaking down tasks so they are more manageable.

Declutter

Moving allows you the perfect opportunity to declutter all the useless items you have hoarded over some time. You could sort through your things and set up piles labeled, “throw away”, “donate”, or “sell.” This will also help you have a lighter load to pack and unpack, saving you time and energy in the future.

Organize Packing Supplies

You will need quite a few packing materials including boxes, tape, bubble wrap, and markers. Having everything together and on hand will streamline the packing process and keep you from having to run to the store while packing.

Pack Smart

We have found that the best way to pack is strategically room by room. Then label each box with its contents and the room where it belongs. This will make unpacking a breeze, even helping you locate essential items quickly.

Hire Professionals

You may not think professional movers are worth the money but for most people once they use a professional and reputable moving company they typically will always use one in future moves. Professional movers help substantially with heavy lifting and save you time and effort while ensuring they handle your things with the utmost care.

Change Your Address and Notify Utilities

This is a very important step. Do not forget to notify the utility company of your move so they can have services disconnected at your old address and connected while you are moving in at your new address. As for changing your address, this is a fairly simple step. You simply go to your nearest post office and fill out a change of address form and give it to the clerk and your address will change in the system.

Create a Moving Day Essential Kit

Make sure you have a box labeled “moving day” that has your toiletries and other important documents you may need on moving day. Keep this box easily accessible to avoid wasting time trying to look for it in a mountain of other boxes.

Take Care of Yourself

Moving can get chaotic. Remember to take time to prioritize your self-care. This means getting plenty of rest the night before, staying hydrated, eating healthy meals, and taking breaks to ease any stress. 

Enlist Help

You have likely helped others move, so don’t be ashamed to call in a favor and ask those same friends or family members for help on your moving day. Whether it’s helping with packing, babysitting, or running errands, having support on moving day can make the process more enjoyable and more manageable.

Stay Positive

Try to maintain a positive attitude throughout the day. You already know moving is stressful but rather than make it worse with a negative attitude try to stay excited. If you focus on the exciting adventures that lie ahead in your new home and embrace the adventure you will probably feel more positive.

Follow Your Essential Pre-Move Checklist to Mitigate Stress

At Advantage Property Management, we hope by following these tips, you can minimize stress and make your move a smoother and more enjoyable experience. Remember, a well-planned move is the key to a successful transition to your new home.

For professional property management services to ease your transition into your new home, consider Advantage Property Management. Our team is dedicated to providing exceptional service and support throughout the moving process.

Downtown Memphis, Tennessee.

Why Memphis is a Prime Destination for Rental Property Investment

Are you interested in investing in a rental property but unsure where to start? Consider Memphis, Tennessee. This city is rich in culture, history, and investment potential. From its vibrant music scene to its growing economy, Memphis offers numerous opportunities for real estate investors seeking steady income and long-term growth. Here’s why Memphis should be at the top of your list. And with Advantage Property Management by your side, you can rest assured that we will help you make the most of your Memphis rental property investment, even if you’re out of town.

Affordable Housing Market

One of the main reasons why Memphis is an attractive destination for real estate investment is its affordable housing market. Compared to many other major cities in the United States, the cost of living in Memphis is relatively low. This affordability results in lower purchase prices for rental properties and higher investor yields.

Strong Rental Demand

Memphis has a robust rental market with consistently high demand for rental properties. Various factors fuel this demand, including a growing population, a thriving job market, and an influx of young professionals and students. Additionally, Memphis is home to several universities and medical institutions, further increasing the demand for rental housing.

Steady Cash Flow

Investors in Memphis can benefit from the city’s affordable housing and high rental demand, which provide a reliable source of rental income. Whether you invest in single-family homes, multi-family units, or commercial properties, you can expect consistent rental income to help cover your investment costs and ensure long-term financial security.

Diverse Economy

Memphis has a diverse economy that is independent of any single industry. It is famous for being the birthplace of blues music and home to iconic landmarks like Graceland. The city also boasts a robust logistics and distribution sector, thanks to its strategic location along the Mississippi River and its status as a major transportation hub. Other key industries include healthcare, education, and manufacturing, offering investors various opportunities across different sectors.

Memphis Rental Property Investment with Advantage Property Management

Investing in a rental property can be profitable but managing those properties from a distance can be difficult. That’s where Advantage Property Management comes in. Our experienced team specializes in providing comprehensive property management services for out-of-town investors. From tenant screening and rent collection to property maintenance and financial reporting, we handle all aspects of property management, allowing you to enjoy the benefits of real estate investment without the stress and hassle.

Memphis presents investors with a unique blend of affordability, strong rental demand, and economic diversity, making it an excellent location for rental property investment. With Advantage Property Management at your service, you can confidently invest in Memphis real estate, knowing that your properties are in good hands, regardless of location. So, why wait? Start exploring the opportunities available in Memphis and take the first step towards establishing a successful rental property portfolio today.

Home with a 'For Rent' sign.

The Value of Property Management Services

Maximizing Returns & Peace of Mind: Property Management Benefits

The rental market is a complex world where the relationship between landlords and tenants is crucial for success. However, managing properties can be challenging and require time, effort, and expertise. That’s where Advantage Property Management’s services come in. We act as a bridge between landlords and tenants, ensuring a seamless and prosperous rental experience and that our property management benefits all.

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Residential rental neighborhood.

Residential Properties for Prospective Tenants

Are you looking for a comfortable and convenient place to call home in the Mid-South region? Advantage Property Management can assist you! We are a reputable and leading property management company in the area, known for our services and dedication to finding residential properties for prospective tenants. Moving can be one of the most stressful experiences, and we understand that finding the right home can feel overwhelming. That’s why we work closely with you to discover the perfect rental property that meets all your unique needs. Whether you’re searching for a cozy one-bedroom apartment, a comfortable duplex with multiple bedrooms, or a spacious home with a large yard, we have an extensive selection of high-quality rental properties that are sure to exceed your expectations. 

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Rental unit renovations.

Renovations Every Landlord Should Consider

At Advantage Property Management, we believe that the key to retaining tenants for a longer time and avoiding vacancies is to ensure their satisfaction with your rental property. One of the most effective ways to achieve this is with rental unit renovations. Renovations not only enhance the appeal of your rental property but also justify higher rental rates. Let’s explore several renovation ideas that can help landlords increase their rental income. 

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Annual Inspections

Annual inspections are an outstanding way for an investor to view the condition of their home inside and out to determine how well the property is being maintained and cared for by the tenants. Having this information can help you make informed decisions about whether to renew the tenant, whether to increase your monthly rent based on the condition of the home, and sometimes, whether or not it may be best to ask the tenant to vacate in order to make repairs or prevent any further damage to the home.

What does the inspection include?

The home inspection includes a report and photos of each room of the home, and any other additional concerns that we may come across at the property. We will also take exterior photos to document the level of yard upkeep and the condition of the outside of the home. We will provide the owner with any repair recommendations that we feel are needed currently or that will be needed in the near future. During this time our representative will also remind the tenant to change their air filters regularly and discuss tenant upkeep responsibilities with them in person.

Benefits of Home Inspections

  • enables us to discover unreported pets in the home
  • enables us to discover damages that can be mitigated before further costly expenses are incurred
  • allows us to view the cleanliness of the home
  • tenant upkeep responsibilities can be discussed with the tenant
  • possible bill back of tenant caused damages
  • reduces liabilities before they become a larger issue

To schedule an inspection of your rental property, give us a call and ask to speak with our inspections team. The cost per inspection is $95 and the report with photos will be emailed to you within 30 days of the inspection date.