Real estate investors in the Memphis metro area—especially in Germantown, Collierville, Lakeland, Arlington, and Bartlett—are always looking for tools that make managing rental properties easier and more profitable. With strong demand for rentals near top-performing schools like Houston High, Collierville High, and Arlington High, it’s more important than ever to track income, expenses, maintenance, and cash flow accurately.

Technology has made investing simpler. Today’s real estate investment apps give property owners the ability to manage rentals, monitor performance, and stay organized from a single dashboard. As a local real estate broker who works closely with investors across the Mid-South, I see firsthand which systems help investors succeed—and which ones cost them time and money.

Here’s a practical, Memphis-focused guide to using real estate investment apps to track your rental properties the right way.

What Are Real Estate Investment Apps?

Real estate investment apps are digital tools that help property owners track rental income, expenses, maintenance, tenant payments, and long-term property performance. In the Memphis area—where many investors own multiple single-family homes—these apps make it easier to run your rentals like a business.

Why They Matter for Local Investors

• They simplify accounting and tax reporting

• They automate rent collection

• They centralize receipts, leases, and repair documentation

• They highlight cash flow changes

• They help investors compare properties across different suburbs

• They reduce stress and improve accuracy

These tools are especially helpful for investors with properties in high-demand rental areas such as Collierville, Germantown East, Bartlett Station, and Lakeland’s growing neighborhoods.

Best Real Estate Investment Apps for Memphis-Area Investors

Below are the most effective apps I see local investors using successfully throughout the Mid-South.

1.⁠ ⁠Stessa

Ideal for self-managing investors in Bartlett, Arlington, Lakeland, and similar areas.

Key Features

• Automated income and expense tracking

• Real-time cash flow dashboards

• Document storage (leases, photos, receipts)

• Bank syncing

• Year-end tax-ready reports

Why It Works Here

Stessa allows you to customize inputs easily, making it simple to compare performance across suburbs where property taxes, rent prices, and HOA regulations vary widely.

2.⁠ ⁠BiggerPockets Property Manager

Great for new investors or homeowners turning their first home into a rental.

Key Features

• Easy digital rent collection

• Cash flow calculators

• Lease reminders

• Maintenance logs

• Education tools

Why It Works Here

Many Memphis-area homeowners move to Collierville or Germantown and keep their previous home as a rental. This app keeps everything simple for those managing just one or two properties.

3.⁠ ⁠AppFolio or Buildium

Best for investors with 10+ doors or those managing rentals remotely.

Key Features

• Full-service accounting

• Tenant portals

• Online maintenance requests

• Automated rent and late fees

• Investor statements

Why It Works Here

Memphis attracts a large number of out-of-state investors. These apps are ideal for managing rentals from anywhere.

How to Set Up Your Rental Properties Inside an Investment App

The following steps apply to almost any rental property in the Memphis metro area.

1.⁠ ⁠Enter Accurate Local Property Data

Be sure to include:

• Purchase price and closing costs

• Property taxes

• Insurance

• Mortgage payment

• HOA fees

• Rent amount

• Utilities and lawn care details

• Pest control schedule

• Regular maintenance expenses

Accurate numbers help the app calculate cash flow and ROI correctly.

2.⁠ ⁠Automate Rent Collection

Digital rent collection increases on-time payments and keeps everything organized.

Most apps include:

• Direct deposit rent payments

• Auto-pay options

• Tenant reminders

• Late fee automation

• Secure payment history

This works especially well for rental homes in Lakeland, Bartlett, and Arlington, where tenants appreciate easy, online systems.

3.⁠ ⁠Track Repairs and Maintenance

Memphis’s climate makes maintenance tracking essential. Log repairs for:

• HVAC tune-ups and seasonal checks

• Roof, siding, and gutter repairs

• Landscaping

• Pest control

• Plumbing and electrical issues

• Vendor receipts

Upload photos, attach invoices, and keep everything in one place. This is especially important if contractors such as HVAC companies, electricians, or ProLift Garage Doors when they service your properties.

4.⁠ ⁠Monitor Cash Flow with Dashboards

Property dashboards help you analyze long-term performance.

Most apps offer charts and reports that show:

• Monthly income

• Operating expenses

• Net cash flow

• Year-over-year trends

• Equity growth

• Vacancy impact

This makes it easier to compare properties in different suburbs.

5.⁠ ⁠Export Financial Reports for Taxes

This is one of the biggest benefits of using rental tracking apps.

Most apps allow you to quickly export:

• Income statements

• Expense categories

• Depreciation reports

• Tax summaries

• Schedule E–ready documents

Your CPA will thank you. So will you.

Why These Apps Matter for Memphis Real Estate Investors

The Memphis metro is one of the strongest rental markets in the country. Demand remains high thanks to:

• Strong school districts

• Steady population growth

• Healthcare and logistics employment

• Affordable entry-level homes

• Military relocations

• Suburban expansion

Because each suburb differs in taxes, HOAs, rental prices, and demand, tracking everything manually becomes overwhelming. Real estate investment apps make it easy to manage properties consistently, accurately, and profitably.

Final Thoughts

Using real estate investment apps is one of the most effective ways to track rental properties in the Memphis metro area. Whether you own a single rental in Germantown or multiple properties across Collierville, Lakeland, and Bartlett, these tools help you:

• Maximize cash flow

• Stay organized

• Track repairs

• Simplify tax season

• Understand your long-term ROI

• Make smart investment decisions

If you’re thinking about buying your first rental—or expanding your investment portfolio—I’m always here to help you analyze potential properties, run cash flow estimates, and understand what rents for in each suburb.

Where we make buying and selling a home simple.