Memphis Property Management

What Memphis Property Management does

Memphis Property Management (legal entity SPM-RE LLC) is a Tennessee-based residential property management firm and a division/affiliate of Weichert Realtors – SPM, operating since 2017. The company provides full-service management for single-family homes, townhomes, condos, and small multi-family rental properties across the Memphis metro and surrounding Tennessee counties (Shelby, Tipton, Fayette, Madison) with recent expansion into Nashville and Chattanooga. Its offerings are organized around three core lines: residential property management at a flat $135/month per unit, HOA community management for 30+ associations, and ancillary services including tenant placement and leasing, 24/7 maintenance coordination, eviction coordination, and military relocation assistance. Additional products include a free Rent Estimator tool drawing on Memphis MLS data and a Showings Coordinator automated leasing system intended to reduce inbound lead calls.

The underlying technology stack is composed of third-party SaaS rather than proprietary platforms: ZEGO/PayLease (Gozego) handles online tenant payments and account management, ManageBuilding processes rental applications and screening, and an automated phone-based Showings Coordinator handles lead response and scheduling. The firm also exposes 24/7 online owner and tenant portals for document, maintenance, and financial access. No proprietary AI/ML, patents, or in-house technology development is disclosed. The firm distinguishes itself through a transparent flat-fee pricing model (no percentage-based fees), a 98% portfolio occupancy rate, and Weichert-affiliated brand recognition supported by 18 full-time realtors in its career path program.

The business model is a recurring subscription: $135/month per managed residential unit, plus HOA management fees on the association side. GTM is primarily direct-to-consumer and sales-led, with phone inquiries (901-800-8273), website contact forms, and free investor consultations as the principal acquisition channels. Customer segments are individual property investors and landlords (primary), HOA boards (mid-market), and military families relocating to NSA Mid-South. Ownership is concentrated in the Spore family (Missy Spore on property management; Harry Spore on real estate sales), and the company is privately held with no disclosed funding rounds.

Name

Memphis Property Management

Legal name

Memphis Property Management (SPM-RE LLC)

Website

https://memphispropertymanagement.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Memphis Property Management (SPM-RE LLC) is a Tennessee-based residential property management firm and Weichert affiliate that manages 200+ rental units and 30+ HOAs across the Memphis metro, Nashville, and Chattanooga for individual investors and associations.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro industry

PRIMARYBPAJAFAH

HOA / Condominium Association Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management

SECONDARYBPAJAHAA

Condominium Association Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/HOA/Condominium Association Management

SECONDARYBPAJAHAM

Association Maintenance, Vendor & Capital Project Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/HOA/Condominium Association Management

Keywords

• Residential property management
• HOA management services
• Tenant placement leasing
• Military relocation services
• Rent collection maintenance

Headquarters

HQ city

Arlington

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Property Management Fees: Flat monthly management fee of $135 per single residential property or rental unit. Includes professional marketing, tenant screening, rent collection, maintenance coordination, owner portal access, and financial reporting.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Memphis Property Management provides full-service residential property management for single-family homes, townhomes, condos, and small multi-family properties across the Memphis metro and Mid-South Tennessee counties. Services include professional marketing, tenant screening and placement, rent collection, 24/7 maintenance coordination with vetted local vendors, financial reporting through an owner portal, lease renewal management, and eviction coordination. The company also manages homeowner associations (HOAs) with financial reporting, covenant enforcement, and board support, and offers specialized military relocation services.

Product overview

Weichert SPM Property Management offers a unified full-service property management platform centered on residential property management and HOA management as the core offerings. The platform integrates tenant placement and leasing services, a rent estimator tool, 24/7 maintenance coordination, and online owner/tenant portals into a cohesive system. Additional specialized services include military relocation assistance, eviction coordination, and an automated showings coordinator module. Pricing is structured around a flat $135/month per residential property management fee, with services spanning tenant screening, rent collection, financial reporting, vendor coordination, and legal compliance support across Shelby, Tipton, Fayette, and Madison counties in Tennessee.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Property Management

Quantifiable outcome

• 98% occupancy rate
• +2 more outcomes

Named customers6 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

One partnership is on record.

• Weichert Realtors - SPMcoreChannel Partner/ Reseller/ Distributor · 1 January 2017Memphis Property Management (SPM-RE LLC) operates as a division/affiliate of Weichert Realtors - SPM. This franchise relationship provides access to Weichert's premier home-ownership service provider tools, systems, and brand recognition. Weichert began operations in 1969 and is regarded for personal service in real estate. The affiliation permits access to special tools and systems while maintaining locally owned and operated business identity.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Green Residential: Green Residential is a regional single-family residential property manager operating in Texas. While geographically separate from Memphis PM, it offers comparable full-service residential PM with investor-focused GTM and flat-fee pricing in similar markets.

Broad incumbents

• FirstService Residential: FirstService Residential is one of North America's largest residential property and HOA management firms managing thousands of communities. While substantially larger and broader than Memphis PM, it competes for HOA board business across the Mid-South and sets the benchmark for community management services.
• Associa: Associa is the largest U.S. community association management firm managing tens of thousands of HOAs and condominiums. A clear competitor for Memphis PM's HOA management offering with deeper resources and broader service breadth.

Emerging players

• AppFolio Property Manager: AppFolio is a SaaS property management platform used by residential and HOA managers for accounting, leasing, and operations. It is an enabling competitor that empowers rival managers with deeper software capabilities than Memphis PM's current stack.
• RentRedi: RentRedi is a proptech platform providing tenant screening, rent collection, and maintenance coordination for self-managing landlords and small PMs. It targets the same SMB/investor customer Memphis PM serves, but with software-only distribution rather than full-service.

Direct peers

• Real Property Management: Real Property Management is a franchised residential property management network with 300+ offices across the U.S. and Canada. It directly compares on franchise-based residential PM, owner/tenant portals, and tiered service offerings - a model structurally analogous to Weichert SPM.
• Cedar Management Group: Cedar Management Group is a U.S.-based HOA and condominium community management provider focused on the Carolinas and Southeast. Comparable geographic and community-association focus to Memphis PM, particularly relevant as Memphis PM pursues HOA growth.
• HomeRiver Group: HomeRiver Group is a vertically integrated single-family rental property manager and operator with national footprint, serving individual investors with full-service leasing and management. Comparable to Memphis PM in residential PM focus and investor-first GTM.
• Evernest: Evernest is a tech-enabled single-family and small multifamily residential property manager operating across multiple U.S. metros with full-service offerings (tenant placement, maintenance, accounting). It is directly comparable to Memphis PM given its target customer (individual investors) and flat-fee/percentage hybrid pricing model.
• Property Management Inc. (PMI): PMI is a franchised property management company with 250+ franchise locations delivering residential and commercial management services. Directly comparable to Memphis PM's franchise-driven model and residential focus with HOA-adjacent capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/weichertspm_pm
• YouTubeyoutube.com/c/SPMMemphis
• Facebookfacebook.com/MemphisPropertyManagementWeichertSPM
• LinkedInlinkedin.com/company/spm-property-management-division-of-weichert-spm
• Instagraminstagram.com/memphispropertymanagement

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Memphis Property Management