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Best Property Management Companies in Lynchburg, VA

Our Recommended Top 7

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 Lynchburg 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.

22Reviewed

16Curated

7Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2050 Langhorne Road, Lynchburg, VA 24501

Expertise.com Rating

Review Sources

Google
3.8 (18)
Yelp
3.0 (4)

Why choose this provider?

WFLP Property Management, LLC offers management services to residential property owners. Its property managers in Lynchburg handle townhomes, for-rent homes, and student and luxury apartments. They assist in property marketing, coordinating with prospective tenants for property viewings. Moreover, they screen applicants, reviewing credit reports, conducting background checks, and contacting references. Maintenance issues are resolved with the company's network of service providers, including emergency requests. WFLP Property Management, LLC aims for low eviction rates with an in-house application and approval process.

  • Marketing

1071 Claymont Drive, Lynchburg, VA 24502

Expertise.com Rating

Review Sources

Google
4.5 (8)
Facebook
5.0 (4)

Why choose this provider?

Real Property Management Cairn is a Lynchburg-based company that provides management services for residential properties in the city and throughout its nearby areas. The company handles all aspects of the landlord-tenant relationship. That includes marketing vacant properties and showing them to prospective tenants, providing move-in and move-out inspections, and collecting rent. Its team also takes care of all property maintenance and is available to respond to tenant emergencies 24 hours a day.

  • Maintenance
  • Marketing
  • Collection

Forest Road, Lynchburg, VA 24502

Expertise.com Rating

Review Sources

Google
4.4 (5)
Facebook
5.0 (1)

Why choose this provider?

Thousand Hills Property Group provides property management solutions to its clients in the Lynchburg area. Some of its services include tenant screening and control, maintenance and repairs, and property marketing to give houses high visibility. It also offers exclusive services, such as cash flow protection programs, eviction protection, and multi-point annual home inspection. In addition, Thousand Hills Property Group assists home buyers and sellers with its different real estate solutions.

  • Maintenance
  • Collection
  • Tenant Screening

5900 Fort Avenue, Lynchburg, VA 24502

Expertise.com Rating

Review Sources

Google
3.9 (45)
Facebook
2.3 (3)

Why choose this provider?

Derbyshire Real Estate is a full-service real estate rental service and property management firm that serves residential and commercial clients in Lynchburg and its nearby districts. It specializes in helping its clients acquire income-generating properties and assists them in the property management phase of maintaining and generating income for their investments. The company also engages in the sales and acquisition of properties for individuals in search of a new home.

  • Maintenance
  • Collection

7335 Timberlake Road, Lynchburg, VA 24502

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Property Management Specialists, LLC serves property owners from its Lynchburg location. The company's property management solution covers property marketing, accounting, and tenant acquisition. Its professionals advertise vacant properties through various platforms such as Zillow, Uloop, and Facebook. Furthermore, they personally conduct home showings. Eviction records, employment reports, rental history, and credit ratings are checked during the tenant screening process. Property Management Specialists' agents also conduct terrorist checks, background checks, and sexual predatory registry reviews.

  • Marketing
  • Accounting Services
  • Tenant Screening

2600 Memorial Ave. Suite 202, Lynchburg, VA 24501

Expertise.com Rating

Review Sources

Google
4.0 (57)
Facebook
4.8 (25)

Why choose this provider?

Remax - Kandise Powell is a Lynchburg-based realtor who offers property management services for residential property owners. That includes tenant screening, accounting, and marketing. Her screening process includes a thorough check of the prospective tenant's credit history, employment, criminal records, and previous rental history. In addition to property management, Kandise Powell also works with homeowners who are looking to sell their properties, as well as individuals and families who are interested in purchasing a new home.

  • Marketing
  • Accounting Services
  • Tenant Screening

372 Village Highway, Rustburg, VA 24588

Expertise.com Rating

Review Sources

Google
3.8 (15)
Facebook
5.0 (10)
Yelp
3.0 (2)

Why choose this provider?

Watts Property Management is a company serving residents living in Lynchburg and nearby locations. The company offers property management services for townhomes, rental homes, apartments, and other kinds of residential properties. It markets for-rent properties and assists owners in managing their properties. Aside from real estate properties, Watts Property Management also engages in land or hunting leases wherein landowners can lease out their properties to hunters, sportsmen, and outdoorsmen. Crystal Smith, its property manager, carries extensive experience in office management and finance.

  • Tenant Screening

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
WFLP Property Management, LLC
2050 Langhorne Road, Lynchburg, VA 24501
Real Property Management - Cairn
1071 Claymont Drive, Lynchburg, VA 24502
Thousand Hills Property Group
Forest Road, Lynchburg, VA 24502
Derbyshire Real Estate
5900 Fort Avenue, Lynchburg, VA 24502
Property Management Specialists, LLC
7335 Timberlake Road, Lynchburg, VA 24502
Remax - Kandise Powell
2600 Memorial Ave. Suite 202, Lynchburg, VA 24501
Watts Property Management
372 Village Highway, Rustburg, VA 24588

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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