Expertise.com Homepage

2024

Last updated:

Best Property Management Companies in Memphis, TN

Our Recommended Top 13

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Memphis Property Management Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

144Reviewed

91Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

269 Germantown Bend Cv, Cordova, TN 38018

Expertise.com Rating

Review Sources

Yelp
5.0 (1)

Why choose this provider?

Memphis-based Reed & Associates of TN LLC has been managing commercial and residential homes since 1997. All of the company's project management businesses include computerized monthly reports, rent collections, property rehab, and other services. Its founder Mike Reed has more than 40 years of real estate industry experience. Reed & Associates of TN LLC is comprised of co-owners: affiliate broker Ben Reed and real estate broker Phillip Kemp. The company also brokers properties for rental and leasing.

  • Maintenance
  • Marketing
  • Collection

310 Germantown Bend Cove, Ste 101, Cordova, TN 38018
WebsiteLicense: 264281

Expertise.com Rating

Review Sources

Google
4.6 (55)
Facebook
5.0 (5)

Why choose this provider?

RiverTown Realty offers property management services in Memphis and nearby areas. Its property managers handle single-family and multifamily residences, as well as small commercial properties. They maintain, manage, and market properties according to each client's needs and goals. Some of their services include property and rental rate evaluation, advertising and showings, applicant screenings and lease preparations, rent collection and financial reporting, and maintenance and inspections. The company also helps tenants look at and apply for their next rental home.

  • Property Inspection
  • Property Assessment
  • Property Maintenance

3845 Goodman Road East, Southaven, MS 38672
WebsiteLicense: 263323

Expertise.com Rating

Review Sources

Yelp
5.0 (1)

Why choose this provider?

Muddy Waters Realty, LLC, provides property management services for residential and commercial property owners in Memphis and the surrounding areas. It comprises managers who have experience in dealing with rental properties. They utilize traditional marketing and management methods to protect and maximize their clients' investments. Some of the property solutions they offer are rent collection and deposit, property inspection and maintenance, and accounting. The team also communicates with property owners regularly to share important information about rental performance and upkeep.

  • Maintenance
  • Marketing
  • Collection

3102 Kirby Whitten Road, Memphis, TN 38134

Expertise.com Rating

Review Sources

Google
4.5 (111)
Yelp
3.5 (3)

Why choose this provider?

Realty Capital Management is a licensed full-service real estate firm that offers property management solutions in Memphis, Shelby County, and Tennessee. With its foundation built on partnerships with investors and residents, it follows a hands-on and proactive approach with its processes and procedures, which aim to minimize risks and maximize investor trust. The firm places an emphasis on property management and handles property purchase and selling, as well as renovation and rent-ready needs. It also offers financing assistance for investors and options related to resident placement.

  • Maintenance
  • Collection
  • Leasing

195 Madison Avenue, Basement, Memphis, TN 38103
WebsiteLicense: 262500

Expertise.com Rating

Review Sources

Google
4.0 (8)
Facebook
4.4 (7)

Why choose this provider?

Left Field Properties works with investors and owners of rental properties in Memphis. The company offers property management services, including vacancy advertising, lease administration, rent collection, maintenance coordination, and eviction processing. It manages both commercial and residential portfolios of any size, from single-family homes and apartment communities to parking lots and office spaces. Left Field Properties has its own maintenance division to respond to tenants' repair requests and handle on-site upkeep, as well as renovation and construction projects if needed.

  • Maintenance
  • Marketing
  • Collection

4701 Summer Ave, Memphis, TN 38122
WebsiteLicense: 257379

Expertise.com Rating

Why choose this provider?

Memphis Investment Properties is a property management company serving the metro and nearby areas. Its services come with in-house leasing, accounting, and collections department. Its property marketing is done by broadcasting to major homesites and placing ads in the MLS system for Realtors. The company maintains proactive communication with its clients. It has been leasing and managing thousands of properties for more than a decade in the Midsouth with 46 years of experience in the Memphis market.

  • Screen new tenants
  • Rent collection
  • Property Maintenance

2595 Broad Ave, Memphis, TN 38112
WebsiteLicense: 261234

Expertise.com Rating

Review Sources

Google
4.1 (528)
Yelp
2.0 (17)
Facebook
5.0 (1)

Why choose this provider?

Lubin Property Management is a full-service real estate brokerage and renovation company that has been serving homeowners and investors throughout the Memphis metro since 2009. The business utilizes technology as it creates an online portal for rental payments and to view monthly financial reports. Its team of technicians promptly responds to any property maintenance and repair requests. Lubin Property Management also provides services for commercial property, including purchase, improvement, management, and sale of vacant land, commercial retail, and farmland.

  • Property Maintenance

PO Box 2364, Cordova, TN 38088
WebsiteLicense: 352359

Expertise.com Rating

Review Sources

Google
5.0 (27)
Facebook
5.0 (5)

Why choose this provider?

Stellar Property Management, PLLC, offers a variety of services to customers living in Memphis and the surrounding areas. The firm markets rental properties to prospective tenants, maintaining listings of available spaces. The firm matches tenants with their desired homes and amenities, offering suburban choices with features such as wooden fences and green lawns. Stellar Property Management is a smaller establishment that is family-owned. It has been operating since 2014 and has a modest portfolio of single-family structures and condo units.

  • Leasing

825 Timber Creek Dr Ste 101, Cordova, TN 38018
WebsiteLicense: 258359

Expertise.com Rating

Review Sources

Google
4.0 (89)
Yelp
4.0 (11)

Why choose this provider?

Enterprise Property Management, Inc., serves residential property investors in Memphis. It provides property management services, such as quarterly home inspections, eviction process management, and property marketing and syndication. The business is a member of a network of property managers situated across the region, which allows it to assist clients in finding rental homes that suit their needs and lifestyles. Owners and principal brokers Aaron Ivey and Bill Ivey have been serving homeowners since 2002.

  • Maintenance
  • Marketing
  • Collection

3383 Park Avenue, Memphis, TN 38111

Expertise.com Rating

Review Sources

Google
3.7 (11)
Facebook
5.0 (5)

Why choose this provider?

Memphis Buy and Hold is a property management company in Memphis that oversees single-family and multi-unit properties. Derrick C. Craig, the company's president, has over a decade of experience in real estate and property management. He also has extensive experience as a certified financial advisor. He and his team are well-versed in providing solutions to various challenges related to vacancy, rent collection, valuation, and maintenance. Their services have helped owners achieved low turnover and high occupancy rates.

  • Marketing
  • Collection
  • Leasing

4701 Summer Ave, Memphis, TN 38122
WebsiteLicense: 57941

Expertise.com Rating

Review Sources

Google
4.4 (1270)
Yelp
1.5 (38)
Facebook
2.3 (35)

Why choose this provider?

Reedy & Company is a property management company serving clients in Memphis. It provides a wide range of single-family and multi-family property management services, including tenant screening and leasing, property rehabilitation, rent collection, and accounting. The company also offers services for investors, such as in-house collections teams, an on-site maintenance warehouse, and a division that offers maintenance services. Since its establishment in 2002, it has managed more than 3,500 properties owned by local, domestic, and foreign investors, and sold 1,000 investments.

  • Tenant Screening
  • Rent collection
  • Property Maintenance

420 S. Front St #105, Memphis, TN 38103
WebsiteLicense: 259109

Expertise.com Rating

Review Sources

Google
4.9 (129)
Facebook
4.3 (13)
Yelp
2.3 (3)

Why choose this provider?

Serving the Memphis metro, 901 Real Estate Service manages and rents out real estate properties. Established in 2006, the company offers management services for single-family homes, multi-family properties, condos, and apartments. It also services duplex, triplex, and fourplex properties. 901 Real Estate Services aims to maintain a balance between serving landlords and assisting tenants by protecting property investments and providing smooth transactions through an online portal. Properties are reviewed throughout leases and tenants are screened to reduce the risk of evictions.

  • Tenant Screening
  • Property Assessment

1060 Brookfield, Memphis, TN 38119
WebsiteLicense: 262082

Expertise.com Rating

Review Sources

Google
4.3 (481)
Yelp
2.3 (7)

Why choose this provider?

CB Properties has been serving property owners, tenants, and investors in Memphis since 2009. It provides a wide range of property management services that include vacant home processing, property marketing, tenant placement, and rent collection. It has adopted a corporate culture that emphasizes quality customer service. Founders Alex and Benolyn Craig established the company with the aim of providing improved property management services. It has 910 properties under management, and it has closed 1,601 real estate transactions. Benolyn is a real estate broker and Realtor.

  • Property Inspection
  • Rent collection
  • Property Maintenance

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
Reed & Associates of TN, LLC
269 Germantown Bend Cv, Cordova, TN 38018
RiverTown Realty
310 Germantown Bend Cove, Ste 101, Cordova, TN 38018
Muddy Waters Realty, LLC
3845 Goodman Road East, Southaven, MS 38672
Realty Capital Management
3102 Kirby Whitten Road, Memphis, TN 38134
Left Field Properties
195 Madison Avenue, Basement, Memphis, TN 38103
Memphis Investment Properties
4701 Summer Ave, Memphis, TN 38122
Lubin Property Management
2595 Broad Ave, Memphis, TN 38112
Stellar Property Management, PLLC
PO Box 2364, Cordova, TN 38088
Enterprise Property Management, Inc
825 Timber Creek Dr Ste 101, Cordova, TN 38018
Memphis Buy and Hold
3383 Park Avenue, Memphis, TN 38111
Reedy & Company
4701 Summer Ave, Memphis, TN 38122
901 Real Estate Services
420 S. Front St #105, Memphis, TN 38103
CB Properties
1060 Brookfield, Memphis, TN 38119

FAQs

  • What is property management?

    Property management is the business of controlling and overseeing real estate, including residential and commercial rental properties. These professionals handle general maintenance and day-to-day operations on behalf of the property owner. They’re responsible for marketing properties, finding and screening tenants, collecting rent, and preparing units between leases. They may also handle repairs, evictions, and any problems that arise.

  • What does a property manager do?

    Professional property managers perform critical tasks throughout the leasing life cycle, from preparing a rental property, through tenant move-ins and move-outs. They can also provide referrals for legal advice, home repairs, and services that aren’t covered by the management agreement. Here are some of their key responsibilities:

    • Marketing and listing vacant units
    • Processing applications and screening tenants
    • Conducting quarterly and annual inspections
    • Orchestrating move-in procedures
    • Coordinating maintenance and repairs
    • Collecting rent and applying penalties
    • Conducting move-out inspections and returning deposits
    • Handling evictions and posting quit notices
    • Complying with fair housing regulations
    • Compiling monthly expense reports
    • Preparing annual tax documents

  • How much do property management companies charge?

    Property management fees can vary substantially depending on the size of the property, number of units, and scope of service. Property owners can expect to pay one month of rent to fill vacant properties and 10% of the gross cash flow to manage the property. Investors should also account for monthly maintenance, contributions to a reserve repair fund, and early termination fees if they decide to cancel the property management contract. Evictions and other non-routine services typically cost extra.

  • How do I manage a rental property from out of state?

    Managing a property isn’t easy, and the job is even more difficult for out-of-state landlords. Thorough tenant screenings are the best way to prevent many common problems. Landlords should also maintain strong relationships with neighbors who can alert them if anything goes wrong. Investors who prefer a more hands-on approach should consider hiring a property manager to represent their interests.

  • Does a property manager need a real estate license?

    Yes, in most states, property managers must have a real estate license to advertise rentals, show properties, sign lease agreements, collect rent, and perform other fiduciary activities. A community association manager license or similar certification may also be required for professionals who want to work for an HOA or apartment complex, although this credential is optional in most states.

  • How do I find a good property management company?

    Property managers differ significantly in their approach and level of expertise. It’s important for owners to screen potential candidates to ensure that they're choosing the most qualified professional. Here are a few questions to ask during the interview:

    • How many units do you manage?
    • How big is your staff?
    • Do you have a maintenance crew?
    • How long does it take to fill vacant units?
    • What happens if my tenant doesn’t pay on time?
    • Have you ever filed an eviction?
    • What type of communication can clients expect from you?

  • Do property management companies find tenants for rental properties?

    Yes, finding tenants and filling vacancies are key responsibilities for property managers. These professionals are responsible for advertising the property, and they handle all inquiries, applications, and showings. To find the most qualified tenants, managers perform background and credit checks, verify references, and confirm the applicant’s employment information, which can prevent problems and extra costs down the road.

Related Articles

FeaturedHTH-propertymanagement hero

How To Hire A Property Management Company

Ask these questions and look for these key certifications before hiring a property management company to handle maintenance, ...