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Best Property Management Companies in Newark, NJ

Our Recommended Top 5

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Newark 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.

59Reviewed

37Curated

5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1 Meadowlands Plaza Suit 200, Newark, NJ 07073
WebsiteLicense: 2298176
Website

Expertise.com Rating

Why choose this provider?

Proactive Property Management responds to the real estate needs of residential and commercial property owners in Newark. The business conducts thorough background checks, including employment and income verification, to evaluate the tenant's reliability, history, and credibility. It utilizes digital platforms by offering online payment options for rent collection and crafting online marketing strategies, like photography and virtual tours, to promote properties and attract tenants. It has managed several spaces, from single-family homes and multi-family complexes to industrial warehouses and shopping centers.

  • Tenant Screening
  • Financial Reporting
  • Property Maintenance
  • Rent collection

Newark, NJ

Expertise.com Rating

Why choose this provider?

Need help contacting a Property Management Company in Newark? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

112 Jabez St Ste 111, Newark, NJ 07105

Expertise.com Rating

Review Sources

Yelp
5.0 (1)

Why choose this provider?

MIG Real Estate handles property management services in Newark. The company has been in operation since 2010, offering a full range of services to owners, including marketing to fill vacancies and online rent payments for rent collection. MIG Real Estate provides tenant screening that involves criminal and financial checks as well as eviction history. The property management team's other services include maintenance, inspections, online tenant-owner portals, automatic owner statements, and minor renovations. MIG Real Estate emergency assistance staff is on call 24/7 to help clients with issues ranging from evictions to managing expenses.

  • Maintenance
  • Marketing
  • Collection

310 7th Avenue West, Newark, NJ 07107

Expertise.com Rating

Review Sources

Facebook
4.9 (167)
Google
5.0 (1)

Why choose this provider?

Newport Property Management is a full-service property management company serving residential and commercial property owners in Manhattan, Newark, Hackensack, Queens, and Brooklyn. It also provides property management services to homeowners' associations. The residential property management services offered by this family-owned company include advertising and marketing, tenant background checking, tenant relations, and property maintenance. Its property management services for its commercial clients include lease negotiations, tenant management, and cash flow maximization.

  • Maintenance
  • Marketing
  • Leasing

431 Springfield Ave, Summit, NJ 07901

Expertise.com Rating

Review Sources

Yelp
5.0 (1)

Why choose this provider?

Hosted Quarters is a property management company that serves clients in Newark. Its founder and president, Jane Cushman Cebula, is an accredited real estate agent with Lois Schneider Realtor in Summit. She has more than 20 years of experience in helping clients manage their homes and large investment properties while they are away. The company's property management services include weekly home inspection, tenant liaison, system maintenance, and home repair supervision. Hosted Quarters also offers luxury short-term furnished rentals.

  • Maintenance
  • Tenant Screening
  • Property Inspection

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
Proactive Property Management
1 Meadowlands Plaza Suit 200, Newark, NJ 07073Get A Free Rental Analysis
MIG Real Estate
112 Jabez St Ste 111, Newark, NJ 07105
Newport Property Management
310 7th Avenue West, Newark, NJ 07107
Hosted Quarters
431 Springfield Ave, Summit, NJ 07901

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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