Memphis Property Management

Earn more and stress less with all the tools + expert services you need to manage your rental property in Memphis.

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See why thousands of homeowners love being part of the Nomad community

$250M+

Total rent guaranteed

10,000+

Owners served

Tennessee rental market

What Nomad homes rent for in Tennessee

$2,025

Median rent, 3-bed

31 days

Median time to lease

Median rent achieved and median time from listing to signed lease, for homes leased through Nomad in Tennessee over the last three years.

About Nomad

Nomad makes it easy to rent your Memphis long-term property and provides financial certainty with guaranteed rent and $500k in property protection. With flexible marketing services, you can choose how involved you want to be in marketing the property and finding tenants. Plus, all owners get access to the owner’s portal where you can track earnings, manage maintenance requests and more!

Renting in Memphis

Memphis has more renters than owners. About 55% of occupied homes are rented, and 60% of its housing is single-family detached, according to the U.S. Census Bureau's 2020–2024 American Community Survey. Half the homes were built before 1971, and homes built before 1978 need a federal lead-based paint disclosure. The median renter household pays $1,181 a month including utilities, a figure that includes apartments.

The Nomad Difference

Guaranteed Rent for Memphis landlords

Investment properties can be risky. Grow your wealth worry free with the best landlord financial protections in the industry. Only Nomad offers Guaranteed Rent, $500,000 of Property Protection, and Rent Advance.

"Nomad was incredibly helpful in talking us through the options and mapping out the financial implications for our potential scenarios."

Lauren

Nomad Homeowner since 2020

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Tennessee rules every landlord should know

Security deposit limit: No statutory limit
Deposit return deadline: No statutory deadline. In counties over 75,000 people, the landlord must notify the tenant of any refund due
Late fee limit: 10% of the overdue rent, only after a 5-day grace period (counting the due date). Applies in counties over 75,000 people
Notice before entering: No general requirement. 24 hours to show the home in the last 30 days of the lease, if the lease allows it (counties over 75,000 people)
Notice to end a month-to-month lease: 30 days' written notice before the rent due date (counties over 75,000 people)

Reviewed October 2026. General information, not legal advice.

“Nomad makes renting your property easy. I did the showings and got to pick my renter, and they took care of everything else.”

Jennifer B.

Tennessee · since 2026