Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Out of State Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

5
Posts
7
Votes
Randy Austin
  • Investor
  • NJ
7
Votes |
5
Posts

Looking to connect with others investing in rental properties in the Memphis area

Randy Austin
  • Investor
  • NJ
Posted

Hi everyone, I am investing in rental properties in the Memphis, TN area and wanted to connect with others who are doing the same.

My focus is long-term rental properties, and I’m especially interested in learning more about different neighborhoods, property management experiences, tenant quality, and what people are seeing in the local market right now.

I’m not here to pitch anything. I’d just like to build connections with other buy-and-hold investors in Memphis, compare notes, and learn from people who are actively working in the area.

If you’re investing in Memphis, I’d love to hear:

  • What part of the market you focus on
  • What’s working well for you right now
  • Any lessons learned or mistakes worth avoiding
  • What is your experience with your property manager

I’m always open to a good conversation with other serious investors and local operators. If you’re active in the Memphis market and interested in connecting, feel free to reply here or message me directly.

Looking forward to meeting others in the space.

Most Popular Reply

User Stats

133
Posts
93
Votes
Andrew Glisson
  • Property Manager
  • Memphis
93
Votes |
133
Posts
Andrew Glisson
  • Property Manager
  • Memphis
Replied
Welcome. I am a Memphis operator on the buy-and-hold side, and I track the rental market here pretty closely.. heres what the data shows right now: Leasing speed: metro median is about 31 days from list to lease, but the zip spread is wide. Collierville leases in about 16 days; 38122 runs about 39. Budget vacancy by zip, not by the citywide number. Pricing: most Memphis rentals lease at their advertised rent. When landlords do cut, the median cut is small (about $55), and listings that cut tend to lease within about a week after. If you are sitting 5+ weeks with low activity, the ask is the problem, not the market. Rent levels: typical asking across the metro is around $1,350 for a 3 bedroom, but the top of the ladder (Germantown, Collierville) runs $2,000 to $2,500 while the value zips sit under $1,000. Two very different strategies live in Memphis. Happy to compare notes on specific zips if you want to go deeper.
business profile image
LPS Short and Long Term Property Management

Loading replies...