Andrew Glisson Built a Portfolio of 200 Homes With Neighborhood Revival

Apart from building homes from scratch, the real estate industry is also about renovating old gems to scale their worth. Thousands of neighborhoods around the country have blights in the form of abandoned, dilapidated homes that scream renovation. In Memphis, the number of dilapidated homes in a few neighborhoods has decreased quickly over the last few years, thanks to the innovative approach of Memphis-based real estate investor Andrew Glisson. Intending to save old homes and revive neighborhoods, Andrew started Neighborhood Revival in 2018, which eventually scaled into an impressive portfolio of 200 rental homes in Memphis and Indianapolis.

Andrew is a real estate investor, realtor, and licensed contractor. He has designed an automated construction process that contemplates code requirements and incorporates what tenants want. While other investors in the industry either renovate or lease properties, Andrew does it all, offering tenants the highest quality services. Initially, he started with just 5 homes in a neighborhood in Memphis. Some of these homes had been vacant for as long as 10 years, and some were also on the list for city demolition. Andrew has not only restored those houses but also gifted the neighborhood some amazing properties to be proud of.

With Neighborhood Revival, Andrew earned recognition as a Houston Top 30 Under 30 entrepreneur. He has also served on various non-profit and municipal boards. Accomplishing his goal in the real estate industry was not easy. Andrew was a senior vice president of a fortune 500 financial services company when he started his real estate business. With no one to guide him or provide the necessary financial support, Andrew self-funded his business and navigated the industry alone. As his business gained traction, Andrew automated the process of buying, renovating, and leasing properties. Today his business has just two full-time employees who supervise the entire operation of “buy/revive/rent” and everything else involved in the process.

Unlike other investors who only focus on profit, Andrew stands out as he prioritizes tenants’ needs. He renovates and fixes things for tenants through his automated system without stepping on the tenants’ comfort. Andrew has incorporated an inspection process with a materials list and design book. He ran email surveys on around 3,000 people to narrow down what tenants want in a rental home. From finding the best deals to making risky purchases, Andrew has achieved several milestones in his career while scaling up his business.

Andrew’s prime focus has always been training his subcontractors to understand his vision. He has also founded a property management company to ensure that his properties are looked after how he wants them to be. Andrew leverages his years of knowledge as a real estate investor and entrepreneur to offer others consultation services. People willing to invest in real estate or those seeking financial independence to ditch a traditional 9 to 5 can reach out to him for expert suggestions.

Andrew wants to continue building his portfolio of rental homes in neighborhoods beyond Memphis and Indianapolis. He doesn’t see his business growing on a spreadsheet but in the number of renovated homes. With his goal, he wants to save more and more dilapidated properties by turning them into beautiful homes with modern amenities for residents.