Expertise.com Homepage

2024

Last updated:

Best Property Management Companies in Ann Arbor, MI

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 Ann Arbor 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.

26Reviewed

17Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

117 North Division Street, Ann Arbor, MI 48104

Expertise.com Rating

Review Sources

Google
3.9 (40)

Why choose this provider?

Property Management Specialists, Inc., is a full-service company that has been catering to tenants and property owners in Ann Arbor for more than 35 years. Its services include lease management and negotiation of new leases, bookkeeping, and rental collection. In addition, the company provides supervision for maintenance work, arranges service contracts, and inspects the property regularly. Its professionals are experienced in dealing with condominium associations and can also manage commercial properties. They can also prepare an annual operating budget if necessary.

  • Maintenance
  • Leasing

323 Braun Ct., Ann Arbor, MI 48104
WebsiteLicense: 6​5​0​1​2​5​5​8​7​0

Expertise.com Rating

Review Sources

Facebook
5.0 (21)
Google
5.0 (3)
Yelp
5.0 (2)

Why choose this provider?

Trillium Real Estate is a locally owned company based in Ann Arbor. With over 20 years in business, the company provides property management solutions such as marketing, tenant screening, leasing management, rent collection, maintenance and repairs, and tenant turnover services. It handles the listing and selling of properties, helping prospective owners and investors analyze and purchase properties that meet their investment goals. The company supports the community by giving back to Friends in Deed, which helps people who are housing insecure.

  • Property Inspection
  • Rent collection
  • Property Maintenance

1898 West Stadium Boulevard, Ann Arbor, MI 48103

Expertise.com Rating

Review Sources

Google
3.7 (24)
Yelp
5.0 (1)

Why choose this provider?

Howard Hanna Real Estate Services is a real estate company that provides services on property management, home-selling, and home-purchasing. The property managers in Ann Arbor are experienced in handling single-family and multi-family residential properties. The team manages over 2,800 rental properties in the area. Howard Hanna Real Estate Services is a family-owned business that was established in 1957. The company is committed to providing solutions to help clients navigate the complex industry of real estate.

  • Marketing
  • Collection
  • Leasing

812 Lawrence Street, Ann Arbor, MI 48104
WebsiteLicense: 6​5​0​5​3​6​4​3​3​4

Expertise.com Rating

Review Sources

Google
4.2 (13)
Facebook
5.0 (9)
Yelp
2.5 (6)

Why choose this provider?

Foxway Realty is a boutique real estate broker that serves residential and commercial clients in Ann Arbor and the surrounding areas. It helps rental property owners and real estate investors in enhancing the value of their investments by providing property management services, including marketing and leasing, tenant screening, and property maintenance. Foxway Realty has almost 20 years of experience in property management. In addition, Foxway Realty helps clients in selling their properties and buying new homes.

  • Tenant Management/Customer Service

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
Property Management Specialists, Inc
117 North Division Street, Ann Arbor, MI 48104
Trillium Real Estate
323 Braun Ct., Ann Arbor, MI 48104
Howard Hanna Real Estate Services
1898 West Stadium Boulevard, Ann Arbor, MI 48103
Foxway Realty
812 Lawrence Street, Ann Arbor, MI 48104

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, ...