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2024

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Best Property Management Companies in Worcester, MA

Our Recommended Top 4

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 Worcester 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.

38Reviewed

24Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1199 Main Street, Leicester, MA 01524

Expertise.com Rating

Review Sources

Google
4.9 (12)
Facebook
5.0 (6)

Why choose this provider?

Serving clients in all of Worcester County, S & R Properties is a full-service real estate firm that handles property management, rentals, and home sales. The business has over 30 years of experience managing income properties, single-family homes, and condos. It makes property management more convenient for property owners and investors by finding suitable tenants, handling lease enforcement, collecting security deposit and rent, monitoring and coordinating repair or maintenance needs, and providing detailed monthly rental records.

  • Rent collection
  • Property Maintenance

49 Blanchard St, Suite 206-7, Lawrence, MA 01843

Expertise.com Rating

Review Sources

Google
5.0 (42)

Why choose this provider?

Keyrenter Property Management Merrimack Valley serves homeowners and real estate investors in Worcester and neighboring areas. The company focuses on various property management services, including tenant screening, accounting, and property inspections and maintenance. Its services also include sending monthly invoices, tackling repairs, and keeping properties in premium conditions. Andy Logan is the principal and franchise owner of Keyrenter Property Management Merrimack Valley. He is a business executive with more than 25 years of experience in investment management, operations improvement, and customer service.

  • Property Inspection
  • Tenant Management/Customer Service
  • Property Maintenance

945 West Boylston Street, Worcester, MA 01606

Expertise.com Rating

Review Sources

Facebook
5.0 (15)

Why choose this provider?

Lamacchia Property Management offers comprehensive management services and primarily works with owners of residential investment properties. It helps clients to acquire new tenants when their properties are vacant and handles all of the tenant screening and contractual needs when executing lease agreements. The company collects rent directly from tenants each month while providing documentation of all transactions. Lamacchia Property Management is also available for emergency calls involving urgent maintenance needs, crimes, or other issues.

  • Collection
  • Tenant Screening

330 Highland St, Worcester, MA 01602

Expertise.com Rating

Review Sources

Google
4.1 (12)
Facebook
5.0 (6)

Why choose this provider?

Kensington Management does property management work for tenants in the Worcester metro area. This company manages apartments and condominiums, and it has experience with commercial properties such as stores, strip malls, and service businesses as well. Kensington Management is interested in community stabilization and affordable property initiatives and acts as a landlord itself as opposed to serving other property owners. Its units tend to be within improved and restored properties. Tenants have online access to rent payment options and financial documents.

  • Leasing

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
S & R Properties
1199 Main Street, Leicester, MA 01524
Keyrenter Property Management Merrimack Valley
49 Blanchard St, Suite 206-7, Lawrence, MA 01843
Lamacchia Property Management
945 West Boylston Street, Worcester, MA 01606
Kensington Management
330 Highland St, Worcester, MA 01602

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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