East Memphis Property Management
Short-Term & Long-Term Rental Management in Memphis's Most Established Neighborhoods
See What Your Property Can Earn!
The Residential Cornerstone of Memphis
East Memphis is one of the city's most desirable and established residential areas. From the tree-lined streets of High Point Terrace and the stately homes of Chickasaw Gardens to the shopping and dining along Poplar Avenue, East Memphis attracts families, professionals, and retirees who value quality schools, convenient retail, and a suburban feel with easy access to the rest of the city. The area features a mix of ranch-style homes, colonial residences, condominiums, and apartment communities — making it one of Memphis's most stable and diverse rental markets.
Longstep Property Solutions provides full-service property management for East Memphis owners — handling everything from tenant screening and lease management to maintenance coordination and rent collection for long-term rentals, plus full-service short-term rental management for owners on platforms like Airbnb and Vrbo. We know these streets because we're local, and we manage properties across East Memphis's distinct neighborhoods so you get area-specific expertise, not a one-size-fits-all approach.h.
East Memphis's Key Neighborhoods
High Point Terrace
High Point Terrace is one of East Memphis's most charming and walkable neighborhoods. Known for its tree-canopied streets and mid-century homes, the area has a strong sense of community with local events and an active neighborhood association. Rental properties here — mostly single-family homes and duplexes — stay occupied with minimal vacancy thanks to the area's character, proximity to parks, and easy access to Poplar Avenue shopping and dining.
Chickasaw Gardens
Chickasaw Gardens is one of Memphis's most prestigious neighborhoods, featuring custom-built homes in Tudor, Georgian, and Colonial Revival styles surrounding scenic Memphis Lake. While primarily owner-occupied, the surrounding areas offer strong rental opportunities with tenants drawn to the neighborhood's beauty, mature landscaping, and central East Memphis location near top-rated schools and major employers.
University Area & Colonial Acres
The University of Memphis campus and nearby Colonial Acres create consistent rental demand from students, faculty, and university staff. Christian Brothers University is also nearby. This area features a mix of apartments, duplexes, and single-family homes at accessible price points, with strong occupancy year-round driven by the academic calendar and proximity to campus amenities, restaurants, and Highland Strip retail.
East Memphis Long-Term Rental Market
East Memphis has strong and consistent long-term rental demand driven by its quality schools, convenient shopping, and proximity to major employers along the Poplar Avenue corridor. The housing stock ranges from mid-century ranch homes and split-levels to updated condominiums and apartment communities, appealing to a wide tenant pool — from families and working professionals to university-affiliated renters.
One thing that makes East Memphis stand out: it offers a suburban lifestyle without the commute. Tenants get tree-lined streets, top schools like White Station, and easy access to Laurelwood, Oak Court Mall, and Shelby Farms Park — all while staying within minutes of Downtown and Midtown. That combination drives steady demand and strong tenant retention when properties are well-managed and competitively priced...
$1,475
Average Monthly Rent
$1,200
2-Bedroom Average
+1.7%
Year-over-Year Growth
10.2%
Area Vacancy Rate
East Memphis Short-Term Rental Market
East Memphis's short-term rental market serves a different guest profile than Downtown or Midtown — think corporate travelers visiting offices along the Poplar corridor, families in town for University of Memphis events, and visitors wanting a quiet, residential setting close to shopping and restaurants. Properties near major intersections like Poplar and Perkins or close to Shelby Farms Park tend to perform well, attracting guests who prefer space and privacy over the bustle of a hotel district.
$131-$179
Average Daily Rate
54%
Average Occupancy
1,945+
Active Memphis Listings
$35-$50K+
Annual STR Revenue
Memphis Short-Term Rental Permit Requirements
Memphis requires all short-term rental operators to obtain a Short-Term Rental Property Permit before listing.
LPS handles the entire permitting process for our STR clients — from initial application through annual renewals and tax remittance. You stay compliant without lifting a finger.
Here’s what you need to know:
$300 Application Fee
One-time $300 application fee with a $150 annual renewal. Maximum occupancy: 2 guests per bedroom, plus 2 additional.
$1M Liability Insurance
Minimum $1,000,000 liability insurance coverage required per unit. Fire extinguisher, smoke alarms, and CO detectors required.
12% Lodging Tax
Operators must collect and remit 12% total lodging tax: 7% state + 5% Shelby County on all short-term rental income.
$50/Day Fine
Operating without a valid permit carries a $50/day fine per unit. LPS handles your entire permitting process from start to finish.
What We Handle for East Memphis Short-Term Rental Owners
Dynamic pricing optimization based on Memphis events, seasonality, and local demand patterns
Professional photography and listing optimization across Airbnb, Vrbo, and direct booking channels
24/7 guest communication, check-in coordination, and emergency response
Turnover cleaning, linen service, and restocking between stays
STR permit application, annual renewal, and lodging tax remittance
Monthly owner reporting with revenue breakdowns and occupancy analytics
Maintenance coordination with our vetted local vendor network
Full compliance management including permits, taxes, and insurance requirements
What We Handle for East Memphis Long-Term Rental Owners
Comprehensive tenant screening: credit, background, income, and rental history verification
Market-rate rent analysis to maximize monthly income without extended vacancies
Lease preparation, execution, and renewal management
Maintenance coordination with our vetted local vendor network
Rent collection, late payment enforcement, and eviction support when necessary
Annual property inspections and detailed condition reporting
Monthly financial reporting with income statements and expense tracking
Legal compliance support including fair housing, lease law, and local regulations
