How much does Memphis property management cost?

Long-term management is 8% of collected rent, with a 50% of one month leasing fee when we place a tenant and a $195 renewal. Short-term (Airbnb) management is 10% of revenue, one of the lowest in Memphis. Both are stated up front, and cleaning and maintenance are handled by our own in-house team.

When do owners get paid?

Owner payouts go out monthly once rent has cleared, with a clear statement that reconciles every dollar, viewable any time in your owner portal.

Do you manage both long-term and short-term rentals?

Yes. We manage long-term leases and short-term (Airbnb) rentals with the same in-house team, and we will underwrite both for your property so you can decide which earns more before you commit.

Is there a long contract or cancellation penalty?

We earn the business month to month. Our terms are stated up front, and we would rather keep you by performing than lock you in.

For Owners · Memphis

Memphis property management built on the data we use to underwrite our own deals.

Long-term or short-term, one property or a portfolio. We run the real numbers first, manage it end to end, and show you everything. You decide with the facts in front of you.

Free, no obligation. Or call (901) 244-2911.

"I run the same analysis on your property that I run before I buy one myself."
Andrew Glisson, Longstep Property Solutions

4.75★

guest rating across 7,000+ reviews on our managed stays.

70%

average occupancy across our managed portfolio, versus about 57% for the Memphis market.

In-house

maintenance and cleaning, so no third-party markups land on your statement.

8–10%

management fees, long-term and short-term, every fee disclosed up front.

Occupancy that beats the Memphis market

LPS managed portfolio

70%

Memphis market average

57%

Every occupied month is rent on the same home. Our managed portfolio runs well above the Memphis market average.

How it works

Get a free analysis

Tell us the address. We run the real numbers, what it should rent for, long-term and short-term, on actual Memphis comps and county records.

We manage it end to end

Leasing, screening, rent collection, our own in-house maintenance and cleaning, guest or tenant communication. One team, nothing outsourced to a call center.

You see everything

Live owner portal, clear monthly statements, photo-documented work. The same transparency we want on our own properties.

Long-Term Management

Hands-off leasing, screening, and maintenance for Memphis 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 →

Out of state?

Most of our owners do not live in Memphis. The portal, monthly statements, and photo-documented work are built so you can trust someone with your property from anywhere. See how remote ownership works →

30day

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 a free analysis of your property

Tell us the address. We will send what it should earn as a long-term or short-term rental in Memphis, sourced and defensible. Free, no obligation, and we will tell you straight if renting does not beat selling.

No spam, we never sell your info. Or email andrew@staywithlps.com.