Rental Property Management Collierville, TN

Collierville property management is the professional operation of residential rental property in Collierville, Tennessee — marketing and leasing units, screening tenants, collecting rent, coordinating maintenance, and staying compliant with Tennessee landlord-tenant law.

In the metro's most affluent independent town — where roughly 4 in 5 households own their home and only about 19% rent — the game is different from Memphis proper: the rental pool is small but the homes are premium, the schools are the best in the state, and the tenants are excellent. Enterprise Property Management, Inc. (EPM) manages residential rentals in Collierville from our office just up the road in Cordova — built for owners of high-value single-family homes who want a stable, long-tenancy rental run like a business, not a hobby that calls at 2 AM about a water heater.

Collierville is a rental investor's market for the opposite reason Memphis is: not cash flow, but quality. This is the metro's most affluent independent town — top-rated schools, a real corporate-HQ job base, scarce rentals, and tenants who sign a long lease and treat your property like their own.

Of Collierville's roughly 18,160 occupied households, only about 19% rent — near 3,419 rental homes (U.S. Census ACS 2019–2023). Collierville is one of the most owner-occupied communities in the metro, so the rental supply is genuinely thin. For an investor, scarcity is the point: a well-positioned Collierville rental competes for the metro's most qualified tenants in a market with very little of it. That scarcity-plus-quality dynamic is a different lever than the high-volume Memphis real estate investment play — and it rewards owners who hold quality homes patiently.

Be honest about the math, though: this is not a high-yield market. Collierville's median home value is around $485,900 (Census ACS 2019–2023), with current market estimates near $513,000 (Zillow Home Value Index, 2026), while a typical single-family home rents for roughly $2,500–$2,900 a month (Apartments.com single-family listings, 2026). That price-to-rent ratio is far thinner than Memphis — so the return here comes from appreciation, stability, and low turnover, not monthly cash flow. The play is a premium asset that holds its value and keeps an excellent tenant for years.

Collierville property management fees start at 8% of collected monthly rent, with the broader market falling in the 8–12% range. Tenant placement usually runs 50–100% of one month's rent, and lease renewals often carry a $150–$300 fee.

That percentage is rarely the real number that matters. A manager who cuts your vacancy by even a few weeks, screens out a non-paying tenant, or catches a small leak before it becomes a $9,000 mold remediation has already earned the fee several times over. The right question isn't "what's the percentage" — it's "what does the percentage protect." See EPM's published property management fees for exact figures with no surprises.

We also serve the surrounding communities of Germantown, Cordova, Bartlett, Lakeland, Arlington, and Memphis proper. Collierville is an independent, affluent town in southeast Shelby County — about 26 miles east of downtown Memphis, with Germantown to the west, Bartlett to the northwest, and the Fayette County towns of Piperton and Oakland to the east. Poplar Avenue (US 72) is its main commercial spine, while TN Highway 385 / Bill Morris Parkway, Houston Levee Road, and Collierville-Arlington Road (TN 205) carry the rest of the traffic — convenient for tenants, and for the crews who keep their homes running.

Tenants stay in Collierville for the whole affluent-town package: the No. 1 school district in Tennessee, a storybook historic Town Square, nearly 19 miles of greenbelt trails, and upscale shopping at Carriage Crossing — the kind of place families settle into and don't want to leave.

For a landlord, lifestyle is retention: tenants who love where they live renew their leases — and in Collierville they renew for years. The single biggest draw is Collierville Schools, ranked the top district in Tennessee (SchoolDigger), with Collierville High School earning A-grades and top statewide marks — a relocation magnet on its own. The heart of the town is the historic Collierville Town Square, listed on the National Register of Historic Places and named one of the best Main Streets in America, with its bandstand gazebo, restored train depot, and local shops and cafes like The Silver Caboose and Mensi's Dairy Bar.

Recreation runs through the Collierville Greenbelt — nearly 19 miles of trails linking parks, schools, and neighborhoods — plus W.C. Johnson Park with its boardwalks and Peterson Lake Nature Center, Suggs Park's ballfields, dog park, and splash pad, and the 67-acre H.W. Cox Park. Culture has a home at the Harrell Performing Arts Theatre, programmed by the Collierville Arts Council. Shopping is genuinely upscale: Carriage Crossing is an open-air lifestyle center anchored by Dillard's with H&M, Sephora, and dining like Firebirds and Bonefish Grill, while the Schilling Farms Water Tower District and the Town Square round out everyday retail and dining. For renters who could live anywhere in the metro, Collierville's blend of schools, history, and green space is exactly why they choose to stay put.

Yes — Tennessee is widely considered a landlord-friendly state, with no rent control, no statutory cap on security deposits, no state income tax on rental income, and a relatively fast eviction process.

Tennessee places no cap on security deposits, requires deposits be returned within 30 days, and allows a 14-day notice for nonpayment of rent, with evictions typically resolving in roughly 4–8 weeks. Collierville's combined town + Shelby County property tax is $4.31 per $100 of assessed value (2025) — roughly 1.08% of a home's market value once Tennessee's 25% assessment ratio is applied, about $5,388 a year on a $500,000 home, and a touch lower than the City of Memphis. A local manager keeps you compliant with these rules — fair housing included — while a misstep on notice timing or deposit handling can cost far more than a year of management fees. EPM's Memphis property management FAQs cover the common compliance questions in depth.