BeforeAfter Boarded-up cape, brought back
Plywood over every window and an overgrown yard. New windows, a new front gable with a pergola porch, paint and landscaping.
Renovation · Leasing · Management
Memphis rental renovation, from gutted to leased.
We renovate rental houses the way we renovate our own: built to hold up to tenants and finished for the rent it will bring. Then the same team leases it and manages it. One company, run by a licensed residential general contractor.
Updated September 27, 2026
- Itemized scope and budget before work starts
- Photo updates while it is underway
- Leased and managed by the same team
BeforeAfter Who renovates rental properties in Memphis for investors? Longstep Property Solutions renovates, leases and manages Memphis rentals for investors, and the company is run by a licensed residential general contractor (Tennessee BC-A/r, #78027). One team scopes the work, renovates the house, leases it and manages it afterward, at 8% of collected rent for long-term management.
Before and after
Our own renovations, before and after
Houses our founders bought and renovated, each photographed from the same spot before and after. Drag the line to compare.
BeforeAfter 
BeforeAfter Brick ranch, refreshed
Painted brick, new windows and shutters, a new carport and a clean front bed.
BeforeAfter 1930s 4-bed, 1-bath in Messick Buntyn
A 1930s brick bungalow: painted brick, cedar shake gable, new windows and door.
Rents for $1,050/mo
BeforeAfter 1940s duplex, rebuilt from the framing
The roof and walls came down and new framing went up. Same spot, start of the rebuild and finished.
One side rents for $1,175/mo
BeforeAfter Living room opened to the kitchen
Photographed from the same spot six weeks apart: the wall came out and the kitchen now opens into the living room.
See more of our work
1950s 3-bed, 2-bath in Sherwood Forest
Taken down to the framing: new subfloor and framing repairs before any finish work.
Rents for $1,300/mo
1950s 3-bed, 1.5-bath in Sherwood Forest
Awnings off, brick painted, kitchen and bath rebuilt.
Rents for $1,450/mo
1950s 3-bed, 2-bath in Sherwood Forest
Dark paneling out, new kitchen, painted brick with the original stone chimney kept.
Rents for $1,450/mo
1950s 3-bed, 1-bath in Park Acres
Interior rebuild: kitchen, bath, floors, and the paneled den opened up.
Rents for $1,200/mo
Have a house that needs this kind of work? Get a renovation scope
Who does the work
One team, from the first walk-through to the monthly statement
Longstep is run by a licensed residential general contractor, licensed by the Tennessee Board for Licensing Contractors (BC-A/r, license #78027).
Many managers hand a renovation to an outside contractor and add a markup, then pass the house to a leasing agent who never saw the walls open. We are one team. The person who priced your renovation prices your repairs for as long as we manage the house, and we pick finishes that hold up to tenants because we live with them in our own rentals.
- An itemized scope and budget before any work starts
- You approve every budget change before the money is spent
- Long-term management at 8% of collected rent once it is leased
How it works
Four steps, one team
The same people carry the house from a scope to a signed lease, then keep it running.
- 1
We walk it and scope it
A licensed residential general contractor walks the house with you or on video, then sends an itemized scope and budget: what has to be done to rent, what is worth doing for the rent it adds, and what can wait.
- 2
We renovate it
Crews we have worked with for years do the work, with licensed trades where the code requires them. You get photo updates as it moves, and changes to the budget are approved before the money is spent.
- 3
We price and lease it
We price it on what comparable Memphis rentals actually leased for, list it, show it and screen every applicant. The same team that finished the house is the one leasing it.
- 4
We manage it
Long-term management at 8% of collected rent. The contractor who renovated the house is the one pricing its repairs later, so you are never paying for someone to learn your property.
Who we work with
The owners we do this for, and the work we take on
Who we do this for
- Out-of-state buyers who found the deal but cannot manage a renovation from 1,000 miles away. How we work with remote owners
- Buy, renovate, rent, refinance investors who need the renovation finished on budget and the house leased so the refinance can happen.
- Owners of an inherited or long-held house that needs work before it can rent.
- Landlords between tenants whose house needs more than a quick make-ready.
What we renovate
- Kitchens and bathrooms
- Flooring, paint and lighting, inside and out
- Roofs, windows and water heaters
- Framing, subfloor and structural repairs
- Sewer line and plumbing replacements, by licensed trades
- Exteriors: siding, painted brick, porches and landscaping
Questions
Questions investors ask
How much does it cost to renovate a rental house in Memphis?
It depends on what the house needs, and two houses on the same street can be tens of thousands of dollars apart. The big drivers are the roof, the kitchen and bathrooms, flooring, windows, and anything behind the walls such as framing, subfloor or a sewer line. We walk the house, then send an itemized scope and budget line by line, split into what has to be done to rent it and what is worth doing for the rent it adds.
Who renovates rental properties in Memphis for investors?
Longstep Property Solutions renovates, leases and manages Memphis rentals for investors, and the company is run by a licensed residential general contractor (Tennessee BC-A/r, #78027). One team scopes the work, renovates the house, leases it and manages it afterward, at 8% of collected rent for long-term management.
Can you renovate a house for me if I live out of state?
Yes. We scope it on a walk-through or a video call, send an itemized budget, and post photo updates while the work is underway. Most decisions happen by text and email, and you approve any change to the budget before it is spent.
Do I have to use you as the property manager if you renovate the house?
No. We will renovate a house you plan to sell or manage yourself. Most owners keep us on to lease and manage it, because the team that renovated the house already knows every system in it.
Do you renovate houses you are buying, or only houses you already own?
Both. If you are still deciding, send us the address first. We will tell you what it likely needs, what it should rent for once it is done, and whether the numbers work, before you close.
Free renovation scope
Send us the house that needs work
Send the address. We will tell you what it likely needs and what it should rent for once it is done. Free, and you are not committing to anything.
- What it likely needs, room by room
- A budget range before you commit
- What it should rent for once it is done
Rather talk it through? Call (901) 244-2911.
Run the numbers on a renovation
Flip & Renovation CostsWhat renovation really costs by neighborhood, from 74,000+ county deed records.Open →BRRRR & Flip CalculatorUnderwrite any Memphis address on what the market actually did: ARV, value added, flip and BRRRR returns.Open →Rent / STR EstimateWhat an address could earn as a long-term vs short-term rental, side by side.Open →