CategoriesProperty Management

5 Types of Property Management Services in Memphis

property management services

There are 326,000 property management services in the U.S. This shows that people understand there’s a great need to maintain your property, keeping it clean, and secure.

Perhaps you’re in need of these services and don’t know where to start. That’s why we’re here to give you five different types of property management services. Then, you can decide which one is right for you.

But first, let’s look at what a property manager is and what they do.

What Does a Property Manager Do?

A property manager is responsible for taking care of daily duties that need to be carried out in residential or commercial properties. Some of the main duties include:

  • Repairing damages
  • Keeping the place safe and secure
  • Ensure properties are kept clean and tidy
  • Interview tenants to ensure the right person moves in
  • Taking care of applications for new tenants
  • Collecting rent
  • Handling documents relevant to new lease agreements
  • Understanding state and building regulations

They work to ensure the value of properties is high and that it’s in the right order for new tenants who are moving in. In addition, this helps ensure that it’s at a good price should it wish to be sold in the future.

What Are the Different Types of Property Management Services?

There are several types of these management services. The one you choose will be dependent upon your needs, affordability, and whether or not you know they’re reputable.

Here are the main types of property management services we’ll look at:

  • Single-family residential property management
  • Multi-family residential property management
  • Commercial property management
  • Industrial property management
  • Special-purpose property management

Let’s see what each of these is all about.

Single-Family Residential Property Management

At Reedy & Company, we serve single-family homes in Memphis. We manage more than 350 residential properties. Here’s what we do to ensure your property is kept well-maintained:

  • Screen tenants and carry out arrangements
  • Collect rent
  • Property Rehabilitation
  • Involved in property investments
  • Maintenance of your premises

We also operate with more than five superintendents, 40 technicians, sales and accounting, and other client management services to upkeep your property.

Multi-Family Residential Property Management

There are different types of properties that we oversee in the Memphis area for multi-families. These generally include apartments such as the following and more:

  • Graceland Flats
  • Chambliss Flats
  • Holmes Pointe
  • Getwell Pointe
  • Macon Crossing
  • Graceland Pointe
  • Oak Grove Flats
  • Wilson Crossing
  • Sherwood Flats
  • Summereast
  • Shelby Pointe

What makes us different from the rest is that we attend to the small matters which have big influences. These include strong communication with tenants, rent collections, maintenance of the property, and more.

Commercial Property Management

When it comes to commercial premises, there are different requirements than that residential property management services. Here are some of the top ones so that you can ensure your commercial premises get managed to the best quality of service possible:

  • Public rentals such as hotels
  • Retail premises such as convenience stores, malls, and cafés
  • Co-working spots where people rent out by the hour or month to do work online
  • Offices such as dental, doctors, or those run by the council

All-in-all your commercial or business property is in good hands with a property management service.

Industrial Property Management

Property maintenance is also available for industrial premises too. This shows how varied this type of management service is. Here are some of the following industrial properties that can get coverage:

  • Warehouses
  • Distribution centers
  • Heavy industrial manufacturing properties such as car dealerships
  • Light manufacturing facilities such as food distribution centers

Commercial premises should also seek the help of good property managers, carrying out the same line of duties that we’ve mentioned and keeping your premises looking clean, well-maintained, and up to scratch.

Special-Purpose Property Management

Those that are separate from the ones above could also do with some attention. Regardless, property management will still benefit them. Some of these are, but aren’t limited to:

  • Cinemas
  • Sports theatres
  • Holiday resorts
  • Elderly care establishments
  • Schools, colleges, and universities
  • Churches, mosques, synagogues, and other places of worship

So really, any establishment can benefit from these services, no matter what or where they are. That’s why it’s always good to have a property manager that you can trust at hand.

Why Reed & Company?

Reed & Company is a professional, top-quality, and trustworthy property management company operating out of the Memphis area. This is displayed by the fact that we’ve managed over 3,500 premises, owned by investors in both local and different parts of the world.

Our team has expert knowledge and we take pride in delivering top-of-the-range property management throughout the city and beyond. Each of the following we provide shows these:

  • Long-term experience
  • Specialized services
  • Best in the market by performance
  • Corporate social authority

We assist with property management, rentals, and investments regarding real estate. We’ve also sold 1,000 investments and 1,200 apartment units. 5,763 of our clients have reported being “happy” with the service we provide.

Client Reviews and Testimonials

We’ve got a number of 5-star reviews showing that the quality we provide is next to none. One even said if a 10-star rating system was available, we’d make it no problem. They’ve also referred to us as being:

  • The top rental agent they’ve worked with
  • Respectful towards them
  • Professional when dealing with all rental inquiries and lease agreements

Our client’s satisfaction is our top priority. Therefore, we always strive to carry out the best job possible when managing their properties. We don’t believe that property management has to be that difficult, so we work to make it as easy of a process as possible.

Get Your Top-Class Property Management Services Right Here Today

Choosing the right property management services is important, no matter what industry you’re in. It helps keep your premises maintained to a high standard, while ensuring lease agreements go through without issue, and the right tenants move in. 

Now, you know why we’re the right company for you. We’re professional, trustworthy, and get the job done right. Our clients have shown that we’re the perfect company to fulfill all your property management needs.

Fill out our contact form and we’ll get right back to you. With us, you know your property management is in the best hands.