Memphis, the birthplace of blues and rock ‘n’ roll, is rich in culture and history. Known for iconic landmarks like Beale Street, Graceland, and the Mississippi River, the city’s affordable housing market and strong rental demand make it an appealing destination for real estate investors.
While many real estate investors start out by managing their own properties, they find it can quickly feel like taking on a new full-time job. This is why many rental property owners turn to trusted local property managers to oversee their rentals, handle tenant communication, and manage various financial and regulatory responsibilities.
If you’re ready to find experienced and dependable help, here are 7 professional property management companies in Memphis.
To help you evaluate your options, we’ve included the following information for each property manager (where available; otherwise marked as “N/A” if not publicly disclosed):
- Years in business
- Property management fee
- Leasing fee
- Renewal leasing fee
- Maintenance fee
- Property setup fee
- Project management fee
- Number of rentals managed
This is not intended to be an exhaustive list of all Memphis-area property managers. Instead, we have chosen to focus on those who prioritize transparent pricing and have a well-established track record of serving investors in the Memphis market.
Mynd (Top Choice)
Mynd Property Management serves the residential real estate sector with a combination of on-the-ground experts and innovative technology. Mynd makes it easy for investors to approve service requests, communicate with their property managers, and monitor performance metrics in real time.
Here’s why real estate investors trust Mynd to manage more than 18,000 rental properties:
- Rental Income Guarantee: If a Mynd-placed resident misses a payment, Mynd will cover up to one-month of rent, to help you bridge the gap in cash flow.
- Eviction Protection Plan: In the rare case that you need to evict a Mynd-placed resident, Mynd will cover court costs and legal fees up to $3,000.
- All marketing is done for you, including professional photography, listing your property on 40+ rental advertising sites, and virtual tours.
- They conduct strict resident screenings including proof of income, identity validation, and credit checks.
- Mynd’s intelligent pricing engine is powered by in-house data from 18,000+ active units under management. This helps provide detailed metrics on current market rental rates, to deliver better financial outcomes with higher quality residents.
Key metrics:
- Years in business: 9
- Property management fee: $79 - $99 flat fee per month (based on the number of properties under management)
- Leasing fee: 50% of first month's rent
- Renewal leasing fee: 25% of renewal ($399 min, $1000 max)
- Maintenance fee: Costs for repairs vary based on the scope of the work. The Mynd team works with a network of approved vendors to deliver quality work at fair rates. A significant percentage of service requests are handled by in-house technicians or virtually and virtual service requests come at no additional cost.
- Property setup fee: None
- Project / additional fees: For larger repair or capital projects that are more specialized or technical, Mynd uses a network of vetted vendors and their in-house teams of trade specialists to review bids. This ensures you get high-quality work without being over-charged.
- Rentals managed: ~18,000 units
Renshaw Property Management
Founded in 2007, Renshaw Property Management focuses on residential rental properties in Memphis, Germantown, Collierville, Cordova, Olive Branch, Southaven, and surrounding Mid-South areas. Their team has more than 100 years of combined experience in the residential property management industry. Renshaw Property Management is a member of the National Association for Real Estate Property Managers and the Memphis Area Association of REALTORS®.
Key Metrics:
- Years in Business: 17
- Property Management Fee: 9% of monthly rent ($55 minimum)
- Leasing Fee: 50% of first month’s rent
- Renewal Leasing Fee: N/A
- Maintenance Fee: N/A
- Property Setup Fee: N/A
- Project Management Fee: N/A
- Rentals Managed: N/A
View Renshaw Property Management‘s website
Revid Property Management
Formed in 2004 as a property management company, Revid is now one of the largest investment management firms in the Memphis area, combining renovation, maintenance, and management to provide a one-stop-shop for property owners who need help with their rental homes. Revid manages units as small as single apartments to as large as five-bedroom homes.
Key Metrics:
- Years in Business: 20
- Property Management Fee: 8% of monthly rent
- Leasing Fee: 75% of first month’s rent
- Renewal Leasing Fee: N/A
- Maintenance Fee: N/A
- Property Setup Fee: None
- Project Management Fee: N/A
- Rentals Managed: N/A
View Revid Property Management‘s website
CB Properties
CB Properties, was founded in 2010 by two real estate investors who were unsatisfied with the property management solutions offered in Memphis. They state that 95% of their investors are located out of state.
Key Metrics:
- Years in Business: 14
- Property Management Fee: 10% of monthly rent
- Leasing Fee: 80% of first month’s rent
- Renewal Leasing Fee: N/A
- Maintenance Fee: 15% markup on cost
- Property Setup Fee: None
- Project Management Fee: N/A
- Rentals Managed: 850+
Foundation PM
Foundation Property Management provides comprehensive property management services in the Greater Memphis area, focusing on single-family homes and multi-family units. Their offerings include property marketing, tenant screening, rent collection, maintenance coordination, and financial reporting.
Key Metrics:
- Years in Business: N/A
- Property Management Fee: 8% - 10% of monthly rent
- Leasing Fee: N/A
- Renewal Leasing Fee: N/A
- Maintenance Fee: 5% - 20% markup on cost
- Property Setup Fee: N/A
- Project Management Fee: N/A
- Rentals Managed: N/A
RiverTown Realty
RiverTown Realty is a Memphis-based property management company serving Southwest Tennessee and Northern Mississippi. They manage single-family homes and multi-family residences, offering services such as property marketing, tenant screening, rent collection, maintenance coordination, and financial reporting.
Key Metrics:
- Years in Business: N/A
- Property Management Fee: 10% of monthly rent
- Leasing Fee: 100% of first month’s rent ($850 minimum)
- Renewal Leasing Fee: N/A
- Maintenance Fee: N/A
- Property Setup Fee: N/A
- Project Management Fee: N/A
- Rentals Managed: N/A
View RiverTown Realty's website
MLE Property Management
MLE Property Management is a family-owned and operated company offering comprehensive residential property management services in Memphis, Tennessee, and surrounding suburbs such as Germantown, Collierville, Bartlett, Cordova, Arlington, Lakeland, and Millington. Their stated goal is to provide a seamless experience for property owners and tenants.
Key Metrics:
- Years in Business: 16
- Property Management Fee: 10% of monthly rent
- Leasing Fee: 100% of first month’s rent
- Renewal Leasing Fee: $250
- Maintenance Fee: None
- Property Setup Fee: None
- Project Management Fee: N/A
- Rentals Managed: N/A
