Nick Bolding, Realtor | Partner, Evolve Property Management Group
Property management isn’t just about maintaining buildings and collecting rent—it’s about staying compliant with local laws and regulations. In Memphis, where zoning laws, safety standards, and tenant rights laws are constantly evolving, it’s important to stay up to date to avoid fines and legal issues
How can landlords and property managers ensure they’re always on the right side of the law?
Understanding Local Laws
Every city has its own unique set of regulations for landlords, and Memphis is no exception. For instance, Memphis landlords are required to provide safe, habitable living conditions, and failure to maintain certain standards could lead to penalties or lawsuits. Additionally, local laws on evictions and rent increases may vary based on the neighborhood or property type.
Being aware of these laws—and changes to them—ensures that you avoid unnecessary legal trouble.
Staying Ahead with Property Management Software
Managing compliance manually can be overwhelming, especially for those with multiple properties. Evolve Property Management Group uses AppFolio to track local regulation changes and helping landlords stay compliant. This software allows us to automate compliance tasks, such as updating lease agreements or scheduling inspections, and ensures that your properties always meet local standards
The Cost of Non-Compliance
Failing to stay compliant can be costly. Not only can non-compliance lead to fines, but it can also damage your reputation as a landlord. Residents who feel their rights are being violated may leave bad reviews or take legal action, which can be even more damaging in the long run. Protecting your property through proper compliance is one of the most important steps to ensuring long-term success as a landlord.
Final Thoughts:
I’ve learned over the years that staying compliant with local regulations is non-negotiable. It’s about more than avoiding fines—it’s about providing tenants with a safe, legal home, which in turn protects your investment. Keeping up with changing laws can be daunting, but with the right tools, it becomes manageable and ensures that your property remains a positive asset.
