How Much Does Property Management Cost in Memphis, TN?
One of the first questions rental property owners ask is simple:
How much does property management cost in Memphis?
Most professional property managers in the Memphis area charge starting around 10% of monthly rent, with some companies ranging up to 12% depending on services provided.
For example:
If your property rents for $1,800 per month:
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10% management fee: $180/month
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12% management fee: $216/month
That monthly fee typically covers the day-to-day operation of the rental property.
What Property Management Usually Includes
Most full-service property management firms handle:
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Marketing the property
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Tenant screening
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Lease preparation
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Rent collection
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Maintenance coordination
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Tenant communication
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Owner reporting
In short, the property manager handles the operational side of the investment.
Other Fees You May See
Some companies may also charge additional fees such as:
Leasing Fee
Often 50–100% of one month’s rent when placing a new tenant.
Lease Renewal Fee
Typically $150–$300 to renew an existing tenant’s lease.
Not all companies structure fees the same way, so transparency matters.
Why Many Owners Choose Professional Management
Many rental property owners begin by self-managing.
Eventually they encounter:
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late-night maintenance calls
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tenant disputes
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missed rent payments
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turnover coordination
Professional property management allows owners to focus on the investment while someone else handles the day-to-day operations.
Final Thought
In Memphis, property management typically starts around 10% of monthly rent, depending on the services provided and the property itself.
For many landlords, the real value isn’t just collecting rent.
It’s making sure the property performs as an investment.
If you own a rental property in Memphis, Germantown, Collierville, or the surrounding Mid-South, and are considering professional management, we’re happy to have a conversation about your situation.
Contact Easton Mosteller Property Management to discuss your property and explore whether professional management makes sense for you.
Frequently Asked Question
What is the average property management fee in Memphis, Tennessee?
In Memphis, most professional property management companies charge around 10% to 12% of monthly rent for full-service management.
For example, a property renting for $1,800 per month would typically have a management fee between $180 and $216 per month.
The exact fee depends on the services included, the type of property, and whether leasing or renewal services are part of the agreement.
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