Memphis Property Management Blog

Ready to invest in Memphis rental properties? Memphis is one of America’s most affordable cities, yet it offers a diverse economy, excellent location, and plenty for residents to do. This makes it a hidden gem in an environment where finding good deals in more prominent markets is getting harder. Below, we’ll dive into the benefits of owning Memphis rental properties. That way, you can see why starting or expanding your portfolio in Memphis could be wise.

Whether you’re a current rental property owner in Memphis or are you wanting to add this market to your portfolio, you might be looking for the best property management companies in Memphis, Tennessee. After all, a trustworthy property manager can help protect your investment and best serve your tenants. Property management is a full-time job that requires 24/7 availability, vendor networks, and close proximity to the property in order to be successful. Many landlords, especially ones who live out-of-state, don’t have this type of availability – and that’s okay! That’s exactly what property managers are for. But choosing the right property manager makes all the difference between a positive and negative renting experience, and it comes down to several factors. Some are objective, like the quality of service, but others come down to personal preference, such as size and specialties. In this post, we’re breaking down some of the best property management companies in Memphis, Tennessee. We include pricing, ratings, services, and more so that you can find the very best PM for you.

Managing rental properties in Memphis presents unique challenges, especially when it comes to understanding the difference between normal wear and tear and tenant-caused damage. For landlords, this distinction is crucial — not only for maintaining the property’s value but also for handling security deposits fairly and legally. This guide will walk you through the essentials of wear and tear and tenant damage, as well as best practices for documenting property conditions to protect your investment and foster positive landlord-tenant relationships.

Investing in rental properties in Memphis can be a lucrative venture, but it also comes with risks. One of the most important protections a landlord can have is landlord insurance. Unlike standard homeowners insurance, landlord insurance is tailored to cover the unique challenges faced by property owners who rent out their homes or apartments. This article explores everything landlords need to know about landlord insurance in Memphis, including types of coverage, differences from homeowners insurance, and how to file a claim effectively.

Memphis landlords are part of a city where access to mental health care is extremely limited. In Shelby County alone, there is just one mental health provider for every 669 residents, far below the Tennessee ratio of 634:1 and the national average of 380:1. Given the shortage of resources, it’s no surprise that many residents turn to emotional support animals in Memphis for extra support.

In a dynamic real estate market like Memphis, investing in rental properties can be a profitable venture. However, to truly capitalize on this opportunity, understanding the fundamentals of rental property accounting is essential. This article will guide investors through the basics, ensuring they are well-equipped to manage their investments effectively.

Collecting rent is often an investor’s favorite aspect of owning rental property, but the logistics can be complicated, especially for those looking for passive income. In Memphis, where the rental market is competitive, landlords need to consider various options for rent collection. Understanding the most effective methods can make a significant difference in ensuring timely payments and maintaining a good relationship with tenants.

A homeowners association (HOA) is an organization in a residential community that makes and enforces rules for the properties and their residents. In this article, we’ll explain what investors should know about HOAs, including their functions and whether they can refuse to join when buying a Memphis rental property.

Managing rental properties effectively can be daunting for DIY landlords in a busy city like Memphis. From tenant screening to rent collection, the variety of responsibilities can quickly overwhelm anyone managing properties alone. Fortunately, technology provides software solutions designed to streamline and simplify these property management processes. In this article, we will compare three popular software options to help Memphis landlords decide which is the best fit for their needs.

In property management, customer service plays a pivotal role that goes beyond simply addressing tenant inquiries. It encompasses the entire tenant experience, making it a critical priority for landlords. Excellent customer service is not merely a nice-to-have; it is crucial for retaining tenants, enhancing a landlord's reputation, and ultimately contributing to profitability.