Homeowners
Crye-Leike Property Management Review - Property Management and Rentals
Alcove Team · 7/2/22
Crye-Leike Property Management is a full-service property management company that offers services for residential and commercial properties. They are a larger property management company with 130+ branches across four states including Tennessee, Arkansas, Georgia, and Mississippi.
Because Crye-Leike Property Management is a large company with so many branches, each individual rating can vary. For example, the Memphis branch has 1.5 out of 5 stars from 20+ reviews on Yelp. The Brentwood, TN branch has 3 out of 5 stars from 18 reviews on Google.
Renters
Crye-Leike does not have easily accessible current listings available online. Each region recommends contacting each office directly to view which listings are available. For a glance at what their offerings may look like, below are what their current Nashville listings look like.
2-bedroom: $1,150 to $3,499
3-bedroom: $1,999 to $2,050
4-bedroom: $2,499 (only one available at this time)
5-bedroom: $3,500 (only one available at this time)
Owners
Property Management
Crye-Leike is a full-service property management company. Below are some of the services they offer.
Appraisal and Listing: Crye-Leike will help determine how much you should earn in monthly rent according to the current market as well as list the property using advertising and their leasing staff.
Leasing: A lease and related documents will be provided along with finding a qualifying tenant. Checks will be performed on tenant credit history, rental history, and criminal background.
Maintenance: Crye-Leike will schedule maintenance as needed and has a general contractor on staff.
Accounting: Rent, bills, and monthly reports are provided through their online reporting system for you to access.
Other Services: Court appearances, lease renewals, contact with the tenants, inspections, and customer support are taken care of by Crye-Leike.
Fees
Recurring Management Fees: A determined percentage of the monthly rent. For rentals under $600, there is usually a monthly charge of $50.
Lease Signing Fees: Initial leasing fee up to one month’s rent.
Maintenance/Repairs: You, the property owner, will still be responsible for all maintenance and repair costs. They will be paid through Crye-Leike.
Advertising: Quoted on a per variable basis depending on location and property.
Do you own a rental property? Consider Alcove
Alcove introduces a new co-living solution that operates on a per-bedroom model which allows property owners to maximize their rental profit while also being able to offer more affordable living options for tenants. This method, as explained in this article, helps maximize rental NOI as it creates less payment risk by having more streams of income from several tenants as opposed to one or two.
Alcove is different from Crye-Leike since it is not a property management company. Alcove does however offer service and support to both rental property owners and tenants. This includes finding quality tenants, streamlining updates and logistics, and making tenant payments easy.
Are you searching for a new place to live? Check out Alcove!
Looking for a new place to live can be a lot to take on. Alcove is a great place to look if you’re searching for an affordable co-living option. With convenient payments, moving help, and a great community, Alcove offers a new living experience that costs less than renting a studio or 1-bedroom apartment.
We have locations all over the country and are constantly expanding. Before you make your next move, check out Alcove!