Expertise.com Homepage

2024

Last updated:

Best Property Management Companies in Lafayette, IN

Our Recommended Top 5

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Lafayette Property Management Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

18Reviewed

12Curated

5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2441 State Street, Lafayette, IN 47905

Expertise.com Rating

Review Sources

Google
4.0 (11)
Facebook
5.0 (4)

Why choose this provider?

PMI Lafayette is a company that provides professional property management. Its services include property marketing, property maintenance, property inspection, tenant screening, tenant eviction, and rent collection. It also offers financial reporting, home watch services, and management of legal compliance to government and insurance requirements. The company manages single and multi-family homes as well as commercial properties. PMI Lafayette provides its services in West Lafayette, Mulberry, Frankfort, Battleground, and Lafayette Dayton.

  • Maintenance
  • Marketing
  • Collection

100 Executive Drive Suite C, Lafayette, IN 47905

Expertise.com Rating

Review Sources

Google
4.2 (14)

Why choose this provider?

For over a decade, Crandall Enterprises has been providing real estate solutions to Lafayette clients. It provides property management services, including rent collection, lease preparation, property marketing, tenant screening, and property inspection. The company can handle various maintenance work and deals with plumbing, landscaping, and roofing issues. It also runs an online portal where owners can access year-end tax statements and financial documents. Crandall Enterprises is a family-owned business that has experience managing multi-family homes, condominiums, and commercial spaces.

  • Property Assessment

1915 Everett Street, Lafayette, IN 47905

Expertise.com Rating

Review Sources

Google
3.0 (49)
Facebook
4.2 (4)
Yelp
2.5 (3)

Why choose this provider?

Established in 1990, O'Neil Property Management is an Irish-American full-service property management company that caters to the greater Lafayette area. It offers tenant care, filling vacancies, maintenance, financials, reporting, and marketing services. Its online portal allows its tenants to set up an automatic payment arrangement, submit maintenance requests, and seamlessly send communications to the management anytime. They can also submit proof of insurance coverage, purchase a policy online, and set up all pertinent utility services such as electric, water, gas, trash, and cable lines. O'Neil ensures that amenities are functioning and available for tenants to use.

  • Maintenance
  • Marketing
  • Accounting Services

120 N 3rd St Ste 100 Lafayette, Lafayette, IN 47901

Expertise.com Rating

Review Sources

Google
3.9 (28)
Facebook
3.7 (9)

Why choose this provider?

Candor Realty is a commercial real estate brokerage and property management firm in Lafayette. It combines its influence and market knowledge and expertise to help clients achieve business goals and lease income stability. The firm's property managers are experienced in keeping commercial and rental properties well-maintained and conducting intensive screening to find qualified tenants. They create effective presentations to promote vacancies. This company has also built a reputation for its transparency in terms of handling accounting and service calls.

  • Maintenance
  • Leasing
  • Tenant Screening

928 Robinson Street, West Lafayette, IN 47906

Expertise.com Rating

Review Sources

Google
3.0 (184)
Facebook
5.0 (11)
Yelp
2.5 (3)

Why choose this provider?

BK Management is a local property management company servicing the Lafayette community. It has been offering full-service assistance in managing rental homes for more than 15 years. Specializing in student housing, its services include leasing, rent collection, and all maintenance requests. Its team conducts routine maintenance and repair to the properties and also provides emergency services. Moreover, the company's website features rental property vacancies in the communities it services. Residents can make their payments online for convenience.

  • Marketing
  • Collection
  • Leasing

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
PMI Lafayette
2441 State Street, Lafayette, IN 47905
Crandall Enterprises
100 Executive Drive Suite C, Lafayette, IN 47905
O'Neil Property Management
1915 Everett Street, Lafayette, IN 47905
Candor Realty
120 N 3rd St Ste 100 Lafayette, Lafayette, IN 47901
BK Management
928 Robinson Street, West Lafayette, IN 47906

FAQs

  • 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.

Related Articles

FeaturedHTH-propertymanagement hero

How To Hire A Property Management Company

Ask these questions and look for these key certifications before hiring a property management company to handle maintenance, ...