Farrer Properties

Residential and Commercial Property Management / Real Estate Rentalsfarrerproperties.com

Farrer Properties is a family-owned property management company in Murfreesboro, Tennessee, leasing residential properties (single-family homes, townhomes, duplexes, apartments) and commercial space (office, warehouse, flex, retail) to individual tenants and small businesses across Rutherford County since 1974.

Company typePrivate
Founded1974
HeadquartersMurfreesboro, United States
Headcount11–50
GTM typeB2B and B2C
OfferingServices

What Farrer Properties does

Farrer Properties is a family-owned property management company founded in 1974 and headquartered at 1338 W College St, Ste A, Murfreesboro, Tennessee. The company manages and leases both residential and commercial real estate within Murfreesboro and Rutherford County, operating as a private landlord rather than a corporate property management firm. Its residential portfolio includes single-family homes, townhomes, duplexes, triplexes, and apartments, with flexible lease structures offering weekly, monthly, and traditional multi-year terms. Its commercial portfolio spans retail storefronts, professional office space, warehouse space (starting at 1,800 sq ft office+warehouse combinations), and flex space targeted at small businesses and hybrid operations.

The company's underlying technology consists of a WordPress-based marketing website hosting property listings, photo galleries, and downloadable rental applications, supplemented by a RentManager-powered tenant login portal. Prospective tenants can browse listings, submit online rental applications (with a $50 non-refundable per-adult fee), and access tenant services digitally. The technology stack is conventional website-based property listing and rental application functionality; there are no proprietary AI, ML, or data systems referenced.

Farrer Properties generates revenue primarily through recurring rental income from residential and commercial tenants, supplemented by transactional application fees. The go-to-market motion is direct-to-consumer via website, phone, and in-person office consultations (Monday-Friday 9:00 AM - 4:00 PM). The company serves two primary segments: residential tenants seeking flexible, private-landlord lease experiences, and small commercial tenants seeking local office, warehouse, flex, and retail space. Customer acquisition is driven by organic website traffic, social media (Facebook), and local brand reputation built over 50+ years in a single submarket.

Farrer Properties firmographics

Firmographics

Name: Farrer Properties
Legal name: Farrer Properties
Website: https://farrerproperties.com
Company type: Private
Founded year: 1974
Operating status: Operating
Headcount range: 11–50 employees
Short description: Farrer Properties is a family-owned property management company in Murfreesboro, Tennessee, leasing residential properties (single-family homes, townhomes, duplexes, apartments) and commercial space (office, warehouse, flex, retail) to individual tenants and small businesses across Rutherford County since 1974.
Ownership category
akta.pro rank

Farrer Properties industry classification

Industry

Product category: Residential and Commercial Property Management / Real Estate Rentals
NAICS: Residential Property Managers (531311), Services to Buildings and Dwellings (5617), Rental and Leasing Services (532)
SIC: Real Estate Operators (No Developers) & Lessors (6510), Services-To Dwellings & Other Buildings (7340)
akta.pro industry: PRIMARYBPAJAFAB
Single-Family Rental (SFR) Property Management
Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management
SECONDARYBPAJAFAA
Multifamily Apartment Property Management
Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management
SECONDARYBPAJAGAE
Mixed-Use Property Management
Business & Public Services/Real Estate Services (Brokerage, Property Management)/Commercial Property Management

Keywords

Residential property rentals
Commercial real estate leasing
Property management services
Townhome and duplex rentals
Commercial warehouse space

Where Farrer Properties is headquartered

Location

Headquarters

HQ city: Murfreesboro
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Farrer Properties business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

Residential Property Rental: Recurring rental income from residential properties including single-family homes, townhomes, duplexes, and multi-family units. Tenants pay weekly or monthly rent with typical 2-year lease terms for residential properties.
Commercial Property Rental: Recurring rental income from commercial properties including office space, warehouse/flex space, and retail storefronts for businesses in Murfreesboro and Rutherford County.
Application Fees: Non-refundable application fees charged to prospective tenants: $50 per adult applicant. Applications are valid for 30 days.

Pricing tiers

Model	Billing	Price
Subscription	Monthly	Residential properties range from apartments to single-family homes with weekly and monthly lease options
Unit Pricing	Pay-as-you-go	$50 application fee per adult applicant
Subscription	Monthly	Commercial spaces including office, warehouse, flex space, and retail storefronts

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Farrer Properties product offering

Product offering

Core offering

Farrer Properties manages and leases residential and commercial real estate in Murfreesboro and Rutherford County, Tennessee. Its residential portfolio includes single-family homes, townhomes, duplexes, triplexes, and apartments with flexible weekly, monthly, and 2-year lease terms. Its commercial portfolio includes retail storefronts, professional office space, warehouse space, and flex space for small businesses. Ancillary services include a $50 online rental application with credit and background checks and 24/7 maintenance support.

Product overview

Farrer Properties operates as a family-owned property management company offering two primary service lines: Residential Rentals (single-family homes, townhomes, duplexes, triplexes, and apartments) and Commercial Real Estate (office space, warehouse space, flex space, and retail storefronts). All properties are located in Murfreesboro and Rutherford County, Tennessee. The company also provides a Rental Application service for prospective tenants. Both product lines are supported by 24/7 maintenance services and flexible lease term options.

Differentiator

Problem solved

Functional benefit

Products and services

Residential Rentals Rental housing in Murfreesboro and Rutherford County, TN spanning single-family homes, townhomes, duplexes, triplexes, and apartments, offered under flexible weekly, monthly, and 2-year lease options to families and individuals seeking private landlord housing alternatives to corporate complexes.
Commercial Real Estate Leasing Leasing of commercial properties in Murfreesboro, TN including retail storefronts, professional office space, office+warehouse combinations (starting at 1,800 sq ft), warehouse space, and flex space for small businesses and hybrid operations.
Rental Application Service Online and downloadable residential rental application service for prospective tenants of Farrer Properties, charging a non-refundable $50 fee per adult applicant. Applications remain active for 30 days and include credit report, criminal background check, and verifiable rental history requirements.

Companies that use Farrer Properties

Customer profile

Segments2 records

Ideal customer profiles2 records

Farrer Properties technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Farrer Properties partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Farrer Properties competitors and assessment

Company assessment

Direct peers

Real Property Management: Franchise network of residential property management offices serving local markets across the US. Comparable business model (locally owned franchise, residential-focused, owner-operator scale) and similar target customer base of small landlords and tenants.
Property Management Inc. (PMI): National franchise of locally-owned property management companies offering residential and commercial management services. Most directly comparable as a local-boutique property manager competing on personalized service versus institutional alternatives.
Crye-Leike Property Management: Large Tennessee-rooted residential and commercial real estate services firm with a property management arm headquartered in the same regional market. Directly comparable on geography, mix of residential and commercial property management, and small-to-mid-sized local operator profile.

Broad incumbents

Invitation Homes: Largest US SFR REIT with a national portfolio of leased single-family homes. Comparable core product (SFR rentals) at vastly greater scale, with institutional leasing operations and tenant-facing technology that benchmark against Farrer's private-landlord model.
Tricon Residential: Single-family rental operator with a national footprint focused on Sun Belt growth markets. Offers comparable SFR leasing experience to Farrer's residential tenants, with a more institutional and tech-enabled delivery model.
Greystar Real Estate Partners: Largest multifamily property management company in the US. Comparable property management services for multifamily/traditional apartment units within the residential portfolio segment, though Greystar focuses on institutional multifamily rather than SFR.
FirstKey Homes: Single-family rental operator managing thousands of homes across the Sun Belt, including Tennessee. Comparable in core SFR product offering and target renter demographic, with institutional scale and operations.
American Homes 4 Rent (AMH): Publicly-traded single-family rental REIT operating thousands of SFR homes across the US, including Tennessee. Represents the institutional alternative to private-landlord SFR operators and a direct threat in the Murfreesboro growth corridor.
Progress Residential: Major single-family rental operator managing tens of thousands of homes with institutional leasing infrastructure. Competes for the same SFR tenant pool, particularly in Sun Belt growth markets including Tennessee.

Emerging players

Mynd Management: Tech-enabled residential property management platform serving small landlords and SFR owners in multiple US markets. Represents the digital-first evolution of the local property management model that Farrer operates, with comparable residential product and small-landlord service orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Farrer Properties financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Farrer Properties leadership team

Management profile

Number of profiles

Farrer Properties funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Farrer Properties M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Farrer Properties

What does Farrer Properties do?

Is Farrer Properties a public or private company?

Farrer Properties is a private company. It is classified as family owned and is currently operating.

When was Farrer Properties founded?

Farrer Properties was founded in 1974. It employs 11 to 50 people.

Where is Farrer Properties based?

Farrer Properties is headquartered in Murfreesboro, United States, in the North America region.

How does Farrer Properties make money?

Three revenue lines are on record. Residential Property Rental is the primary driver. The others are commercial Property Rental and application Fees.

Who are Farrer Properties's main competitors?

Direct peers on record are Real Property Management, Property Management Inc. (PMI) and Crye-Leike Property Management. Broad incumbents are Invitation Homes, Tricon Residential, Greystar Real Estate Partners, FirstKey Homes, American Homes 4 Rent (AMH) and Progress Residential. Mynd Management is listed as an emerging player.

Does Farrer Properties have an API?

No public API is recorded for Farrer Properties.

What industry is Farrer Properties in?

Farrer Properties's product category is Residential and Commercial Property Management / Real Estate Rentals. Its primary akta.pro industry code is BPAJAFAB, Single-Family Rental (SFR) Property Management, with a secondary code of BPAJAFAA, Multifamily Apartment Property Management. Its NAICS code is 531311 and its SIC code is 6510.