Expertise.com Homepage

2024

Last updated:

Best Property Management Companies in Waco, TX

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 Waco 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.

30Reviewed

19Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
Ziprent - Waco logo

Ziprent - WacoExpertise.com

Waco, TX
Website
Starting at $125/month

Expertise.com Rating

Why choose this provider?

Ziprent handles property management tasks in Waco. It offers tenant placement assistance to help property owners and landlords look for tenants with good credit, income, and rent histories. The company also collects rent, schedules annual inspections and maintenance, and resolves financial accounting issues. In addition, it advertises single-family and multi-family units on over 20 listing sites, including Zumper, Zillow, Trulia, Hotpads, and Realtor.com. Arvand Sabetian, the founder and CEO, has been a property investor for over 10 years.

  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening

Waco, TX

Expertise.com Rating

Why choose this provider?

Need help contacting a Property Management Company in Waco? 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.

9900 China Spring Rd Ste 1208, Waco, TX 76708

Expertise.com Rating

Review Sources

Google
4.6 (37)
Yelp
4.0 (2)
Facebook
5.0 (1)

Why choose this provider?

Compass Property Services is a company specializing in managing and maintaining properties. Its property managers in Waco offer rental property management services. Some of the company's services include listing and marketing properties, screening tenants, collecting rent payments, and maintaining properties. Compass Property Services' property maintenance includes services such as basic plumbing, electrical repairs, lawn mowing, and snow removal. They also assist property owners with tasks like painting or basic cleaning.

  • Maintenance
  • Leasing
  • Property Assessment

Waco, TX

Expertise.com Rating

Review Sources

Facebook
5.0 (3)

Why choose this provider?

My Real Estate Property Management caters to landlords and investors in the Waco area and nearby communities. It provides a variety of property management services, which include bookkeeping, routine inspections, rent collection, and revenue analysis. The company also works with local contractors to schedule property maintenance. For convenience, clients can access its online portal to submit maintenance requests. Real estate manager Adrienne Rowell is a fourth-generation Realtor who helps investors manage their real estate portfolios.

  • Maintenance
  • Marketing
  • Collection

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
Ziprent - Waco
Waco, TXStarting at $125/month
Compass Property Services
9900 China Spring Rd Ste 1208, Waco, TX 76708
My Real Estate Property Management
Waco, TX

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, ...