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Best Property Management Companies in Tempe

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Denali Real Estate LLC logo
FEATURED
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Denali Real Estate LLC

3740 E Southern Ave STE 205, Mesa, AZ 85206
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  • Maintenance
  • Marketing
  • Tenant Screening

Business Description

Denali Real Estate LLC is a fast-growing property management company based in Tempe that serves clients in the greater metro area. It aims to meet the property management needs of its clients while providing exceptional customer service. Its offered services include assessment, marketing, screening, and reporting. For investment and sales services, Denali Real Estate LLC handles finding suitable properties, preparing the properties for rental, analyzing client investments, and selling and purchasing.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
4.0 / 5 (255)
Yelp
2.5 / 5 (53)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
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Rentals America Phoenix logo
FEATURED
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Rentals America Phoenix

Tempe, AZ
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  • Marketing
  • Property Maintenance

Business Description

Rentals America Phoenix serves clients in the Tempe metro. It offers property management services and caters to investors, homeowners, and landlords. Its team assists clients with tenant screening, lease signing, move-ins, and property maintenance. It also has an online portal where customers can have access to their lease documents, statements, and original invoices. The company has a charitable program, Rentals America Cares, which focuses on organizations that provide food and shelter to those in need.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Yelp
4.0 / 5 (132)
Facebook
4.7 / 5 (18)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
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Detail
Alter Property Management logo
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Alter Property Management

1200 W University Dr #101, Tempe, AZ 85281
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  • Tenant Screening
  • Rent collection

Business Description

Alter Property Management caters to homeowners and tenants in Tempe and surrounding areas. It offers marketing, tenant screening, maintenance and repairs, and accounting. It employs a rental application process that decreases tenant turn-over to 85 percent. Its operations ensure the welfare of tenants and owners through the proper maintenance of properties. The company provides attentive, fair, and transparent property management services while addressing issues like property maintenance and tenant disputes in a timely and costly manner.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
5.0 / 5 (8)
Yelp
3.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Ashford Management Services logo
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Ashford Management Services

7502 E Monterey Way, Scotssdale, AZ 85251
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  • Tenant Screening
  • Screen new tenants
  • Rent collection
  • Tenant Management/Customer Service
  • Property Maintenance

Business Description

Ashford Management Services is a property management company that covers clients in and around Tempe. It provides listings for all types of potential tenants, from first-time applicants to out-of-state clientele. It also offers pet applications for owners of birds, cats, dogs, rabbits, and other species. The company also caters to property owners, providing routine interior and exterior inspections for each rental. Through its website or mobile app, owners can view their tenant's profile and monthly payments due. The company has been operating since 1997.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (98)
Yelp
4.5 / 5 (16)
Facebook
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
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Detail
AZ Prime Property Management logo
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AZ Prime Property Management

3920 S. Rural Rd, Suite #110, Tempe, AZ 85282
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  • Tenant Screening

Business Description

AZ Prime Property Management is a full-service Arizona rental property management company specializing in property management services throughout the greater Phoenix metropolitan area. It serves landlords and tenants in over 40 cities by overseeing single-family residential rental homes, condominiums, townhomes, duplexes, triplexes, and mid-size apartment complexes. It manages light commercial investment properties by also performing a variety of management tasks like advertising, tenant screening, and accounting. The company has been a property management vendor for Keller Williams Realty since 2011.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.8
Google
4.1 / 5 (123)
Yelp
2.5 / 5 (19)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
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AZ Real Estate & Property Management logo
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AZ Real Estate & Property Management

1500 E. Thomas Rd., Phoenix, AZ 85014
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  • Property Maintenance
  • Tenant Management/Customer Service
  • Market Vacancies

Business Description

AZ Real Estate & Property Management has handled residential properties in the Tempe and Phoenix areas for over five years. The firm offers assistance in the leasing process, taking care of the advertising, property showing, and tenant screening phases. Its professionals supervise needed repairs and maintenance, provide 24-hour phone service for emergencies, and conduct periodic property inspections. Jared Canford and John Fagundes established the company in 2009. Fagundes serves as the company CEO and carries a real estate broker license.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
3.7 / 5 (85)
Facebook
4.6 / 5 (54)
Yelp
3.5 / 5 (24)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
CR Property Services, Inc. logo
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CR Property Services, Inc.

2990 E Northern Ave, Phoenix, AZ 85028
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  • Property Inspection
  • Property Maintenance

Business Description

CR Property Services, Inc.. is a full-service residential and commercial property management and leasing company that serves Tempe. It offers residential, commercial, multi-family, and property and homeowner associations services. It provides property owners with tenant management, regular inspections, maintenance, and accounting while assisting renters in looking for the most suitable property for them. In addition, it customizes service plans depending on the clients' preferences. CR Property Services was established in 2002 and is committed to developing long-term relationships with its clients.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.8
Google
3.8 / 5 (34)
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Crest Premier logo
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Crest Premier

4625 S Lakeshore Dr Ste 300, Tempe, AZ 85282
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  • Maintenance
  • Marketing
  • Collection
  • Tenant Screening
  • Property Inspection

Business Description

Crest Premier is a property management company that serves clients across the Tempe metro and nearby areas. It provides various services, including tenant screening, rent collection, financial reporting, eviction support, and property marketing. It also offers property maintenance support and helps coordinate repairs. In addition, it educates its clients about Arizona's tenant-landlord laws. For convenience, customers can access dedicated tenant and owner portals on the company's website. Crest Premier has been operating for over 14 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Crest Premier Properties logo
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Crest Premier Properties

4625 South Lakeshore Drive, Tempe, AZ 85282
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  • Maintenance
  • Marketing
  • Leasing
  • Tenant Screening
  • Property Inspection

Business Description

Crest Premier Properties is a family-owned and operated real estate company established in 2006 by Caribbean Nationals. The company offers property marketing and assistance and screens tenants. Aside from being property managers in Tempe, Crest Premier Properties also assists clients with leasing and property sales. They also conduct rent collection, maintenance and repair, financial reporting, property inspection, and tenant evictions. Crest Premier Properties offers legal guidance to help clients adhere to tenant-landlord laws.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.9

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
E & G Real Estate Services logo
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E & G Real Estate Services

1949 E Broadway Rd, Tempe, AZ 85282
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  • Leasing

Business Description

E & G Real Estate Services is a property management company in Tempe. Its professional team assists clients in person and online. The company lists commercial and domestic real estate available for rent, accepts applications to rent, handles maintenance requests from existing tenants, and takes rent payments online. E & G Real Estate Services won Expertise Awards as best property managers in the Phoenix area in 2016, 2017, and 2019.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.8
Google
3.7 / 5 (126)
Facebook
4.5 / 5 (42)
Yelp
3.0 / 5 (34)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
FDR Real Estate logo
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FDR Real Estate

1301 E University Dr Ste 104, Tempe, AZ 85281
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  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening
  • Property Inspection
  • Property Assessment
  • Closing

Business Description

FDR Real Estate assists investors, property owners, and home buyers and sellers in Tempe and nearby locations. Included in its services is property management, which covers a wide range of tasks such as property marketing, lease negotiation, rent collection, and accounting. Its managers also screen tenants, checking applicants' criminal background, credit, and rental history in the process. In addition, they supervise property repairs and take care of tenants' concerns. Michael Ashley, FDR Real Estate's managing broker, has been a real estate professional since 1992.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Keyrenter Property Management Premier logo
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Keyrenter Property Management Premier

14362 North Frank Lloyd Wright Blvd Suite 2158, Scottsdale, AZ 85260
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  • Tenant Screening

Business Description

Keyrenter Property Management Premier aims to provide leasing and full-service property management tailored to the needs of clients in Tempe. It manages various types of residential properties including single-family homes, multi-family condos and units, triplexes, duplexes, and quadruplexes. The locally owned and operated business provides tenant screening, move-in inspection, evictions management, property marketing, rent collection, and year-end tax filing solutions. Keyrenter Property Management Premier works with investors, out-of-town owners, property managers, and homeowners. President and franchise owner Jim Elfline holds experience in business and organizational development.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.9 / 5 (34)
Facebook
2.3 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
KRK Realty & Management logo
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KRK Realty & Management

227 S Smith, Suite 103, Tempe, AZ 85281
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  • Property Inspection
  • Property Maintenance

Business Description

KRK Realty & Management is a full-service company that has been operating in Tempe since 2002. It matches properties, tenants, and owners & home investors by providing property management services that fill vacant rental spaces. Whether it's a condo unit or a family home, its management team helps property owners in marketing their homes by conducting tours and showings for potential tenants. The firm's founder, Kevin Kirkwood, is a commercial and residential property investor who has extensive experience in investment consultations and resolving tenant and client disputes.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Facebook
4.3 / 5 (10)
Google
4.3 / 5 (9)
Yelp
3.5 / 5 (6)
On Pointe Property Management logo
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On Pointe Property Management

919 E. Lemon St, Tempe, AZ 85281
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  • Maintenance
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening

Business Description

On Pointe Property Management caters to clients in the Tempe metro. It specializes in the management of different types of properties, including apartment complexes and single-family and multi-family homes. Some of the services it provides are financial reporting, leasing, maintenance, and tenant retention and screening. The leadership team at On Pointe Property Management brings more than 25 years of experience in the real estate industry. It comprises brokers, developers, and property managers.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.4
Facebook
4.4 / 5 (84)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Property Management Real Estate Services, Inc. logo
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Property Management Real Estate Services, Inc.

7717 W Deer Valley Rd Ste 120, Peoria, AZ 85382
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  • Tenant Management/Customer Service

Business Description

Property Management Real Estate Services, Inc., serves residential, commercial, and homeowners' association clients in Tempe. It provides property management and real estate brokerage services. The company markets properties, screens tenants, collects rent, maintains properties, and provides financial reporting in real-time. Residential management services include single-family homes, townhomes, condos, and multi-unit structures. Its commercial offerings include retail centers, office buildings, and industrial spaces. The locally owned and operated company has been serving clients for over 20 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.9 / 5 (47)
Facebook
4.4 / 5 (28)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Property Plus USA logo
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Property Plus USA

3100 W Ray Rd Ste 201, Chandler, AZ 85226
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  • Tenant Screening
  • Property Inspection
  • Rent collection

Business Description

Property Plus USA serves the property management needs of rental property owners and tenants in and around Tempe. Its team of professional property managers handles residential properties, taking care of all aspects of rental management, including tenant acquisition, monthly and year-end statements, online rent collection, and inspections. The company handles maintenance and repairs, which are available to residents for emergencies 24 hours a day. The company also maintains an online portal for owners and tenants where they can access necessary information anytime.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.4
Google
4.4 / 5 (57)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Sage Property Management & Sales logo
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Sage Property Management & Sales

8655 E Via de Ventura G-160, Scottsdale, AZ 85258
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  • Tenant Screening
  • Screen new tenants
  • Property Maintenance
  • Rent collection

Business Description

Sage Property Management & Sales has been serving property owners and real estate investors in Tempe and the surrounding areas for more than 10 years. It helps clients in maintaining the value of their investments through property advertising, tenant screening, rent collection, and property maintenance. The property managers from the company specialize in long-term and unfurnished property management. They can also facilitate sales for single-family homes, multi-family units, and condominiums. The company has a portfolio of more than 300 residential properties.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.8 / 5 (82)
Yelp
3.5 / 5 (21)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Service Star Realty logo
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Service Star Realty

2929 E Camelback Rd. #119, Phoenix, AZ 85016
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  • Tenant Screening
  • Property Maintenance

Business Description

Service Star Realty serves rental property owners and tenants in Tempe and throughout its nearby communities. Established in 2011, it handles the leasing and management of single-family homes, townhouses, and condominiums in the area and provides comprehensive management services such as 21-point tenant screening, move-in and move-out inspections, and general property maintenance. The founders of the company, Dora Pinter and David Swaim, have both achieved the highest designation of Master Property Manager from the National Association of Residential Property Managers.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.5 / 5 (509)
Yelp
2.5 / 5 (47)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
SGI Property Management logo
Visit WebsiteWebsite

SGI Property Management

201 E Lexington Ave., Phoenixc, AZ 85012
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  • Tenant Screening
  • Property Assessment
  • Market Vacancies
  • Screen new tenants

Business Description

SGI Property Management serves landlords and investors in Tempe. It conducts market analysis to maximize the profits of each of the over 500 properties it manages. Its managers screen tenants and collect their rent. They inspect whenever a tenant moves in or out and oversee the completion of repairs. They prepare financial reports, which owners may view when they log in to their accounts. They also advise investors on where to buy property and what to spend on.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.8
Google
3.8 / 5 (224)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
VacayAZ logo
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VacayAZ

8151 East Evans Road, Scottsdale, AZ 85260
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  • Marketing

Business Description

VacayAZ is a vacation rental property management business that is staffed by property managers near Tempe. Based in Scottsdale, the property managers at VacayAZ deliver a variety of services to its clients. These management services include marketing, pricing and calendar management, bookings, guest relations, property care, and payments and reporting. The team also handles guest relations, repair and cleaning, and tax lodging. Additionally, VacayAZ also offers interior design services to its property owners and investors.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Facebook
5.0 / 5 (5)
Yelp
3.5 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Valley Income Properties logo
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Valley Income Properties

315 S 48th St. Suite #101, Tempe, AZ 85281
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  • Tenant Screening
  • Rent collection
  • Property Maintenance

Business Description

Valley Income Properties is a real estate management company that serves clients in the Tempe area. It helps develop different strategies and plans to make sure that residential and commercial properties are heading in the right financial direction. Its services include property inspection reports, distressed property redevelopment, month-end financial reports, and expense structure analysis. It uses aggressive marketing and a strict management approach in its management solutions. The company consists of a team with nearly 70 years of combined experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.8
Google
4.0 / 5 (423)
Yelp
2.0 / 5 (38)
Back to Providers

Frequently Asked Questions

What is property management?

Property management is the business of controlling and overseeing real estate, including residential and commercial rental properties. These professionals handle general maintenance and day-to-day operations on behalf of the property owner. They’re responsible for marketing properties, finding and screening tenants, collecting rent, and preparing units between leases. They may also handle repairs, evictions, and any problems that arise.

What does a property manager do?

Professional property managers perform critical tasks throughout the leasing life cycle, from preparing a rental property, through tenant move-ins and move-outs. They can also provide referrals for legal advice, home repairs, and services that aren’t covered by the management agreement. Here are some of their key responsibilities:

  • Marketing and listing vacant units
  • Processing applications and screening tenants
  • Conducting quarterly and annual inspections
  • Orchestrating move-in procedures
  • Coordinating maintenance and repairs
  • Collecting rent and applying penalties
  • Conducting move-out inspections and returning deposits
  • Handling evictions and posting quit notices
  • Complying with fair housing regulations
  • Compiling monthly expense reports
  • Preparing annual tax documents

How much do property management companies charge?

Property management fees can vary substantially depending on the size of the property, number of units, and scope of service. Property owners can expect to pay one month of rent to fill vacant properties and 10% of the gross cash flow to manage the property. Investors should also account for monthly maintenance, contributions to a reserve repair fund, and early termination fees if they decide to cancel the property management contract. Evictions and other non-routine services typically cost extra.

How do I manage a rental property from out of state?

Managing a property isn’t easy, and the job is even more difficult for out-of-state landlords. Thorough tenant screenings are the best way to prevent many common problems. Landlords should also maintain strong relationships with neighbors who can alert them if anything goes wrong. Investors who prefer a more hands-on approach should consider hiring a property manager to represent their interests.

Does a property manager need a real estate license?

Yes, in most states, property managers must have a real estate license to advertise rentals, show properties, sign lease agreements, collect rent, and perform other fiduciary activities. A community association manager license or similar certification may also be required for professionals who want to work for an HOA or apartment complex, although this credential is optional in most states.

How do I find a good property management company?

Property managers differ significantly in their approach and level of expertise. It’s important for owners to screen potential candidates to ensure that they're choosing the most qualified professional. Here are a few questions to ask during the interview:

  • How many units do you manage?
  • How big is your staff?
  • Do you have a maintenance crew?
  • How long does it take to fill vacant units?
  • What happens if my tenant doesn’t pay on time?
  • Have you ever filed an eviction?
  • What type of communication can clients expect from you?

Do property management companies find tenants for rental properties?

Yes, finding tenants and filling vacancies are key responsibilities for property managers. These professionals are responsible for advertising the property, and they handle all inquiries, applications, and showings. To find the most qualified tenants, managers perform background and credit checks, verify references, and confirm the applicant’s employment information, which can prevent problems and extra costs down the road.

How do I manage a vacation rental property?

Managing a vacation home or short-term rental requires a higher level of involvement when compared to other investment properties. Owners or managers must handle marketing, reservations, check-ins, and cleanings between stays. While a recent study by vacation rental marketplace HomeAway (now part of VRBO) reports that vacation rental income comprises about a quarter of the average rental owner’s income from investing just under 10 hours per week managing their rental, this type of hands-on involvement may not be possible for owners who live out of state or in another region. Professional property managers can assist with one or more tasks, such as cleanings and check-ins, or they can provide comprehensive management services to ensure that the property is generating revenue year-round.

Do property managers pay for repairs?

Yes and no. Property managers may pay for repairs, but the cost is generally deducted from future rent payments or a reserve fund. In most cases, landlords are responsible for maintenance costs and improvements that are needed to preserve or enhance the property’s value. Management firms do coordinate repairs, and some have their own maintenance crews. They can also provide contractor referrals and handle work orders for routine repairs, such as cleaning, painting, plumbing, and changing locks between tenants. Many firms allow tenants to submit maintenance requests online, and they should also provide monthly expense reports showing owners how their money is being spent.

Can a property manager evict a tenant?

Yes, property managers can help to orchestrate the eviction process, from preparing the initial notices to appearing in court and working with law enforcement to ensure that the tenant leaves the property. Situations that warrant eviction include non-payment of rent, lease violations, and illegal activity. Property managers can help to determine the best course of action when dealing with problem tenants.

Can a property manager sign a lease for an owner?

In most states, a property manager can sign a lease. Property owners can appoint a third party to act as a landlord by signing a contract with a management company or by giving power of attorney to a private individual. However, for the contract to be valid, the property manager must have the owner’s authorization.

Is property management worth the cost?

Property managers aren’t cheap, but they’re a worthwhile investment in many cases. Managing a rental property requires time, experience, diligence, and attention to detail. Professional property managers can assist new landlords and long-term investors who have a growing portfolio of rentals. They’re also valuable partners for individuals who work full time, live out of state, or want to enjoy the financial rewards of an investment property without added stress and anxiety.

How do I deal with a bad property management company?

Unresponsive property managers cause problems for property owners and tenants. Reputable management firms should work hard for their fees. No landlord wants to hear from their tenants that the management company isn’t doing its job or is ignoring their concerns. If the manager is skipping routine inspections, accepting bad tenants, or failing to provide monthly expense reports, it’s probably time to hire someone else. Owners should interview several candidates, compare rates, and check references to find a more qualified manager.

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