Property Management Software for Landlords in Memphis

Owning rental property in Memphis means more than collecting rent. Tracking income and expenses across units, staying ahead of lease renewals, and knowing your true return takes real time. Mozongi REMA is free property management software built for Memphis landlords who want every number in one place.

Memphis rental market at a glance

Per the most recent municipal and federal data for the Memphis metro area:

• Population: approximately 651k residents
• Median 1-bedroom rent: $1,100 / month
• Vacancy rate: 9.5%

How Memphis compares to Tennessee

Across the 6 Tennessee markets we track, the average one-bedroom rent is about $1,283/month and the average vacancy rate is 6.0%. Memphis's $1,100 median is 14% below the Tennessee average of $1,283/month, and its 9.5% vacancy is looser than the Tennessee norm of 6.0%.

• Gross annual rent (one unit, before vacancy): $13,200
• Vacancy-adjusted annual rent: $11,946
• Memphis rent vs Tennessee average: 14% below
• Estimated market size: ~651k residents

With higher vacancy, Memphis tenants have options — so screening carefully and pricing competitively matters. Know your true cost and cap rate per unit before you set rent.

If your Memphis unit is rented below median and your DSCR is under 1.20, you have room to optimize. Mozongi REMA calculates DSCR, ROI, and cap rate automatically for every property.

Property management software made for Memphis landlords

Whether you own a single rental in Memphis or a growing portfolio across Tennessee, Mozongi REMA tracks every property, lease, and tenant and does the math for you.

• A portfolio dashboard showing every Memphis property at a glance
• Automatic NOI, cap rate, cash-on-cash return, and DSCR
• Lease and tenant records with document storage
• Rent-collection tracking so you always know who has paid
• Mobile-friendly access from any property visit

Built for Tennessee landlords

Renting out property in Memphis comes with its own rules, and Mozongi REMA helps you stay organized around them:

• Tennessee's landlord-tenant statutes and the Tennessee housing or small claims court govern tenancies in Memphis — keep lease terms, dates, and renewals organized in one place.
• Rent increases — track current rents against the applicable annual guideline so every adjustment is documented and on time.
• Tenant records and documents — store leases, condition reports, and correspondence per unit.
• Every amount is tracked in USD.

Know whether your Memphis rental actually pays

Memphis purchase prices and rents both vary widely, so a property that looks fine on paper can quietly underperform. Mozongi REMA calculates net operating income, cap rate, and cash-on-cash return automatically — so you can see whether a Memphis unit is earning, breaking even, or costing you money, and decide what to do next with real numbers.

Start free in Memphis

The free Starter plan covers up to 2 Memphis properties with full financial analytics — no credit card required. As your portfolio grows, paid plans add more properties, automatic rent collection, and portfolio sharing with your accountant.