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2024

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Best Property Management Companies in Louisville, KY

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 Louisville 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.

114Reviewed

70Curated

5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1679 Old Preston Hwy N Ste 30, Louisville, KY 40229
WebsiteLicense: 237337

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Henderson Realty Services LLC is a Louisville-based real estate company that serves clients across the metro. It provides property management services and helps owners who have second homes complete their real estate transactions. The company offers home remodeling solutions and partners with financial services firm Louisville Insurance to deal with casualty and property insurance. Henderson Realty Services LLC has been operating since 2011. Its founder, Jim Henderson, has more than 20 years of experience in project management.

  • Collection
  • Leasing
  • Accounting Services

824 S 1st St, Louisville, KY 40203
WebsiteLicense: 237946

Expertise.com Rating

Review Sources

Google
4.1 (36)
Yelp
1.0 (1)

Why choose this provider?

Metro Management Services serves property owners and investors in Louisville. Its property management services cover rent collection, bill paying, and accounting. To make the property look appealing to tenants, its staff members also trim the lawn and rehabilitate the property. They work to keep properties well-kept. Metro Management Services serves not just the landlords, but also offers renters a portfolio to find a place to lease. Its rental listing includes photos, maps, and relevant details about the rental homes.

  • Maintenance
  • Collection
  • Accounting Services

2101 Wrocklage Ave, Louisville, KY 40205
WebsiteLicense: 232198

Expertise.com Rating

Review Sources

Yelp
5.0 (22)
Facebook
4.2 (9)

Why choose this provider?

Robert Massey Company is a team of real estate managers that cater to clients across the Louisville area. They help property owners with various solutions, including property maintenance, bookkeeping, rent collection, property inspection, and eviction management. The team also assists with property marketing and uses Internet listing websites for advertising vacancies. Its other solutions include lease preparation and tenant screening. The company has been operating since 1956. Its owner, Robert "Rob" Massey, Jr., served as the president of the Louisville Apartment Association.

  • Marketing
  • Leasing
  • Tenant Screening

1815 Frankfort Ave,, Louisville, KY 40206
WebsiteLicense: 237817

Expertise.com Rating

Review Sources

Yelp
3.0 (5)

Why choose this provider?

Property Management of Louisville is a full-service real estate management agency that focuses on managing and maintaining single-family and multi-family investment properties. Its management services include unit advertising and showing, application processing, financial reporting, lease negotiation, and in-house maintenance. The agency is owned by Brian Stocker, who has been a real estate broker for 13 years. Before establishing the agency in 2005, he worked as a treasury bond trader for a financial services firm and was a marketing manager of a mortgage company.

  • Maintenance
  • Marketing
  • Collection

522 W Ormsby Ave, Louisville, KY 40203
WebsiteLicense: 234954

Expertise.com Rating

Review Sources

Google
4.2 (89)
Yelp
5.0 (7)

Why choose this provider?

Bill Stout Properties is a real estate solutions provider that serves clients in the Louisville area. It provides full management services for condominiums, investment properties, and HOAs. Its team takes charge of day-to-day operations, including paying bills, collecting rent, legal and accountant consultations, and fulfilling works orders. It also handles direct communication with tenants and offers routine inspection and accounts receivable services. Bill Stout Properties has been in the industry since 1980. It is a member of the Greater Louisville Association of Realtors.

  • Maintenance
  • Collection

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
Henderson Realty Services LLC
1679 Old Preston Hwy N Ste 30, Louisville, KY 40229
Metro Management Services
824 S 1st St, Louisville, KY 40203
Robert Massey Company
2101 Wrocklage Ave, Louisville, KY 40205
Property Management of Louisville
1815 Frankfort Ave,, Louisville, KY 40206
Bill Stout Properties
522 W Ormsby Ave, Louisville, KY 40203

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.

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