Two rentals or twenty.
One Memphis team, every door underwritten first.
8% long-term. 10% short-term. Real numbers on every property before you sign.
Owning several rentals should not mean several managers, several statements, and a guess on what each home earns. We underwrite every property in your portfolio individually, run long-term and short-term under one roof, and put one in-house team behind all of it.
The short answer
The right Memphis manager for a portfolio owner does three things: underwrites every property before you sign, runs long-term and short-term under one roof so each home can earn its best number, and puts one in-house team behind all of it. Longstep does exactly that. Each door gets its own comp-backed rent analysis page, long-term management is 8% of collected rent, short-term is 10% of revenue, with a 4.75-star average across 7,000+ reviews and 70% occupancy versus about 57% for the market.
Before you sign, we underwrite every door
Most managers quote a portfolio in one conversation. We write up each property on its own, so you decide with real numbers instead of a batch estimate.
Its own analysis page, per property
Every door gets a written rent analysis on its own page, built from real Memphis comparable rentals you can click and check yourself. Not one blended estimate for the batch.
Both paths, where viable
Where the home and the permit rules allow it, you see the long-term number and the short-term number side by side. Some homes earn more on a 12-month lease, some on Airbnb. The analysis shows which.
You decide door by door
We do not tell you what to do with your properties. We put real numbers in front of you for each one, and you choose the strategy for every door before you sign anything.
Every number in those analyses is sourced, and we grade our own estimates against what homes actually rented for. See how we check our own work →
Occupancy that beats the Memphis market
Every occupied month is rent on the same home. Our managed portfolio runs well above the Memphis market average.
One local team across the whole portfolio
Nothing outsourced to a call center, no vendor markups multiplying across your doors. The same crews, the same statement, the same phone number for every property.
In-house maintenance
Our own technicians across every property, billed at our cost with before-and-after photos on every work order. No marked-up subcontractor invoices multiplying across your doors.
In-house cleaning
We own the cleaning operation, so short-term turnovers and long-term make-readies run on our schedule and our standard, not a vendor waitlist.
Leasing + screening
Self-tour showings through ShowMojo and Findigs screening with identity, income, and fraud checks on every applicant, at every property.
One statement
Every property on one reconciled monthly statement, broken out line by line, with one direct deposit and full portal access to every dollar.
One point of contact
One team that knows your whole portfolio. No re-explaining property number four to a call center, no juggling three managers in one market.
Mixed strategies, one roof
Long-term at 8%, short-term at 10%, managed side by side under Brokerage License #266717. Each home runs the strategy that earns the most.
Long-Term Management
Leasing, screening, and in-house maintenance for your 12-month rentals. 8% of collected rent, stated up front.
Long-term details →Short-Term (Airbnb) Management
Dynamic pricing, in-house cleaning, permit guidance under Ordinance 5631. 10% of rental revenue.
Short-term details →Pricing that rides live market data, not guesses
We observe every public rental listing in Memphis nightly: asking rents, days on market, price cuts, how every manager in town markets the homes they run. We publish part of that work as the Memphis Property Management Index. For a portfolio owner it means every rent decision across your doors is made against what the market is doing this week, not what it did last year.
Who we work with
Families that accumulated homes
An inherited house here, an old residence kept as a rental there. Now it is four properties, three insurance policies, and every weekend spent on calls. Hand the whole set to one team.
Out-of-state investors scaling up
The first Memphis rental worked and you are buying more. We underwrite each new address before you close and fold it into the same statement, portal, and crew as the rest.
Self-managers past the fun part
Two doors was a hobby. Eight doors is a job you did not apply for. Keep the ownership and the returns, hand off the collections, turnovers, and 2am calls.
Common questions
Do you handle mixed portfolios, some long-term and some Airbnb?
Yes. One of our owners is a licensed Tennessee real estate broker (License #266717), so we can legally manage both long-term and short-term rentals under one roof. Plenty of our portfolio owners run both: a duplex on a 12-month lease, a bungalow on Airbnb, all on one statement with one team. Each home runs the strategy the numbers support, and if a home should switch strategies later, we handle the switch too.
Do you really underwrite every property before we sign?
Yes, every single one. Each property gets its own rent analysis page with real comparable rentals you can click and check yourself, covering the long-term number and, where the home and the rules allow it, the short-term number too. You see what each door should earn before you commit anything. If a number does not work, we say so.
How do statements work across multiple properties?
One monthly owner statement, every property broken out line by line: rent collected, work orders, fees, and your net. Books are reconciled monthly, your owner payment arrives by direct deposit, and the owner portal shows every dollar and every photo-documented work order across the whole portfolio, from anywhere.
Can you take over a portfolio that already has tenants in place?
Yes, mid-lease takeovers are routine. We take assignment of the existing leases and honor their terms, collect the files, deposits, and keys from you or the prior manager, notify residents of the change, and put every property through the same onboarding inspection and rent analysis. Residents keep paying without interruption.
Do fees drop as the portfolio grows?
No, and we would rather tell you that straight than invent a discount. Long-term management is 8% of collected rent with a 50% placement fee, short-term is 10% of revenue, at two doors or twenty. Those rates are already below what most Memphis firms charge at any size. The value for a portfolio owner is not a volume coupon: it is every door underwritten before you sign, and one in-house team running all of them.
The 30-day no-lock-in guarantee
Start with Longstep on long-term management, and if we are not the right fit in your first 30 days, you can cancel. No penalty, no fight, no holding your doors hostage. We would rather earn your business every month than lock you into a contract that does the work for us.
The terms: cancel your long-term management agreement within your first 30 days, for any reason, with no cancellation fee. You remain responsible only for third-party costs already incurred at your direction, such as a repair you approved. Applies to long-term property management.
Get every property underwritten, free
Start with one address and tell us roughly how many you own. We will follow up for the rest and send a comp-backed rent analysis for each property: long-term, short-term where viable, sourced and defensible. Free, no obligation.
No spam, we never sell your info. Or email andrew@staywithlps.com. Brokerage License #266717.