Expertise.com Homepage

2024

Last updated:

Best Property Management Companies in Cranston, RI

Our Recommended Top 3

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 Cranston 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

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

90b Jefferson Boulevard, Warwick, RI 02888

Expertise.com Rating

Why choose this provider?

Founded by Karen Maw, an experienced broker, Diamond Star Property Management is a property management company serving property owners and investors in Cranston. For over 25 years, it has handled residential properties and condominium complexes. It provides a wide range of management capabilities including rent collection and payment of utilities. The company's property managers field requests for maintenance and repair, coordinating with vendors to complete job orders. They also offer recommendations for capital improvement to help enhance a property's value.

  • Maintenance
  • Marketing
  • Collection

301 Reservoir Avenue, Providence, RI 02907

Expertise.com Rating

Review Sources

Google
3.9 (60)
Facebook
4.1 (1)

Why choose this provider?

JJ Property Management serves the Cranston metro area and assists clients with a multitude of property management needs. This company is focused on residential properties and markets any vacant units to attract quality tenants, who it evaluates using a screening process. It also advises on market rates so that rental prices can be set to maximize profits. JJ Property Management offers the services of an in-house maintenance department that can coordinate any needed repairs for tenants.

  • Maintenance
  • Collection
  • Accounting Services

P.O. Box 278, North Scituate, RI 02857
Website

Expertise.com Rating

Why choose this provider?

Summit Property Management oversees residential and commercial properties and community associations. Its team includes property managers near Cranston who run background and credit checks on prospective renters and handle lease enforcement and rent collection. They prepare an annual budget and keep property owners apprised of monthly expenses and income. Additionally, Summit Property Management has comprehensive maintenance services. Besides routine checks of the property and fire safety equipment, the company provides contracting services for repairs, remodels, and construction projects.

  • Maintenance

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
Diamond Star Property Management
90b Jefferson Boulevard, Warwick, RI 02888
JJ Property Management
301 Reservoir Avenue, Providence, RI 02907
Summit Property Management
P.O. Box 278, North Scituate, RI 02857

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, ...