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Best Property Management Companies in Westminster

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Home Realty & Management logo
FEATURED
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License Verified:

License: ER.100053235

Flat-Rate Property Management!

Home Realty & Management

11990 Grant St., Suite 550, Northglenn, CO 80233
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Business Description

Home Realty & Management provides its services to property owners and landlords across the North Denver area, including Westminster. It specializes in handling single-family homes, covering leasing and the management of different properties. Its services include tenant screening, lease preparation and administration, complete move-in, full inspections, maintenance coordination, and move-out and deposit disposition. Additionally, it represents buyers and sellers in various real estate transactions. The company has been assisting clients with their property needs since 2005. It has served on the NARPM and NAR executive boards. 

License Verified:

License: ER.100053235

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.8 / 5 (42)
Yelp
4.0 / 5 (7)

Price: Flat-Rate Property Management!

5280 Management Group LLC logo
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5280 Management Group LLC

2220 West 56th Avenue, Denver, CO 80221
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  • Maintenance
  • Marketing
  • Collection
  • Leasing

Business Description

5280 Management Group LLC provides property management services in Westminster. Established in 2009, the firm has handled numerous investments such as single-family residential properties and attached condominium properties. Founder Calvin Harrod works with its team of professionals in selecting high-quality tenants to ensure that properties are protected. Harrod also responds to tenants' maintenance requests and coordinates with the right service providers. Residents are given the option to pay rent online through the company's digital tenant portal.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
4.2 / 5 (66)
Yelp
3.0 / 5 (9)

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We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Accent Realty & Renovations logo
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License Verified:

License: EC40033018

Colorado Division of Real Estate

Accent Realty & Renovations

300 Center Drive, Superior, CO 80027
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  • Maintenance
  • Collection

Business Description

Accent Realty & Renovations is a property management company based in Superior, which also serves residents of Westminster and nearby areas. Its services include signing leases, screening tenants, and coordinating with tenants who are set to move in or move out from their properties. The business also stays updated on disclosures and provides maintenance oversight, with the goal to keep properties rented. The company specializes in residential properties. It has been serving the community since 1999.

License Verified:

License: EC40033018

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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All County Denver Metro logo
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License Verified:

License: 100068242

Colorado Division of Real Estate

All County Denver Metro

6390 Gardenia Street Suite 110, Arvada, CO 80004
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  • Property Inspection
  • Property Maintenance

Business Description

All County Denver Metro has been serving clients in Westminster and the surrounding areas since 1990. Its staff assists7;hhoi7uyu9gozcktiotoityhjthj in keeping vacancies filled by marketing rental properties, screening tenant applications, and finalizing leases. Also part of its services is managing landlord-tenant relationships through inspection and maintenance, eviction, security deposit administration, and monthly rental collection. The company has an online portal where property owners access reports and track their income and expenses.

License Verified:

License: 100068242

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.6 / 5 (193)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Alpha Dimension Properties, Inc. logo
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License Verified:

License: EC100031648

Colorado Division of Real Estate

Alpha Dimension Properties, Inc.

2041 CR 27, Fort Lupton, CO 80621
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  • Maintenance
  • Marketing
  • Screen new tenants
  • Rent collection

Business Description

Alpha Dimension Properties, Inc., caters to clients throughout the Westminster metro and the neighboring areas. It helps investors and owners maintain their real estate rentals by offering property management services involving marketing, supply leases and credit reporting, and tenant screening, as well as rent collection and eviction oversight. Its team inspects homes before move-ins and move-outs to keep track of the condition of properties. The company brings more than 25 years of experience in the industry. It extends its services to Erie, Centennial, Arvada, and Denver.

License Verified:

License: EC100031648

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.2 / 5 (35)
Facebook
3.5 / 5 (11)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Ascent Multifamily Solutions logo
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License Verified:

License: EC.100040665

Colorado Division of Real Estate

Ascent Multifamily Solutions

1499 West 120th Ave Suite 110, Westminster, CO 80234
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  • Maintenance
  • Marketing
  • Collection

Business Description

Ascent Multifamily Solutions has been serving clients in Westminster since 2009. It relieves rental property owners from the burden of landlord responsibilities by providing a variety of management services, including tenant screening, rent collection, and preventive maintenance and repair. Ascent Multifamily Solutions is also a licensed real estate brokerage that assists individuals in investing, buying, and selling various types of properties, including commercial units, single-family homes, and multi-family residences. It is a Class B general contractor that accepts work orders.

License Verified:

License: EC.100040665

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.6 / 5 (14)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Best Western Realty & Management logo
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Best Western Realty & Management

10161 Wolff Street, Westminster, CO 80031
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  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening

Business Description

Best Western Realty & Management is a group consisting of property managers in Westminster. This company's property managers assist clients in assessing the value of their properties and determining the rental price. They also handle the advertising and promotion of the properties, screening and selection of applicants, collection of rental payments, and maintenance of the properties. They also show the properties to potential tenants and educating them about the rental properties.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Brinkerhoff Property Management & Real Estate logo
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License Verified:

License: EC.100092302

Colorado Division of Real Estate

Brinkerhoff Property Management & Real Estate

6580 Holman Street, Ste 103, Arvada, CO 80004
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  • Maintenance
  • Collection
  • Property Inspection

Business Description

Brinkerhoff Property Management & Real Estate is a full-service brokerage company. It handles leasing and management of a variety of residential and commercial rental properties in Westminster and the neighboring cities. Its property management services for both property owners and tenants include tenant screening; rent and security deposit collection; routine property inspections; financial reporting; and 24/7 emergency maintenance services. Milford Brinkerhoff and Pamela Brinkerhoff, the owners, have more than 30 years of property management and construction experience. 

License Verified:

License: EC.100092302

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (19)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Detail
Ecospace Property Management logo
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License Verified:

License: EC.100093289

Colorado Division of Real Estate

Ecospace Property Management

Denver, CO 80212
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  • Screen new tenants

Business Description

Ecospace Property Management provides a wide range of services for tenants and property owners in and around Westminster. These include rental analysis, real estate marketing, lease negotiation and execution, tenant management and communication, move-in and move-out inspections, and maintenance coordination. Owners and landlords can also list their properties on the company's website for additional visibility for prospective renters. As a full-service real estate firm, Ecospace also has a brokerage team that provides real estate consulting and helps in buying and selling properties for investors.

License Verified:

License: EC.100093289

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
5.0 / 5 (61)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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ERA New Age logo
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ERA New Age

9137 East Mineral Circle, Centennial, CO 80112
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  • Collection

Business Description

Rental owners who are looking for property managers near Westminster can contact the Denver office of NewAge Real Estate, a third-generation real estate company that serves both the Front Range and the Western Slope. The company considers property management as its number one focus, serving single-family and multifamily residential properties. It features highly-transparent accounting, aggressive rent collection, and on-call property maintenance. NewAge Real Estate has another office down in Rifle for its Western Slope service area. It has been in business for 45 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Yelp
4.0 / 5 (31)
Facebook
4.6 / 5 (27)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Fox Property Management logo
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License Verified:

License: EC100096633

Colorado Division of Real Estate

Fox Property Management

726 Front Street, Suite 100, Louisville, CO 80027
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  • Tenant Management/Customer Service
  • Property Maintenance

Business Description

Fox Property Management caters to clients in areas throughout the Westminster metro. It conducts routine inspections and provides reports for property owners on a biannual basis. It processes rent payments and emergency repair and renovation funds, with multi-factor authentication for additional security. It also utilizes a customized user interface to keep track of real estate maintenance costs and options for clients' ease of access. Founder Jennifer Fox, who is also a partner of Stellar Properties, manages more than 900 property holdings.

License Verified:

License: EC100096633

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
4.3 / 5 (174)
Facebook
3.7 / 5 (24)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
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Detail
Frontier Management logo
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License Verified:

License: EC100085399

Colorado Division of Real Estate

Frontier Management

8670 Wolff Ct. Suite 240, Westminster, CO 80031
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  • Marketing
  • Leasing
  • Accounting Services
  • Tenant Management/Customer Service

Business Description

Frontier Management caters to landlords and tenants in Westminster and the surrounding communities. It manages a variety of real estate assets, including single-family homes, apartments, townhouses, condos, and commercial buildings. It utilizes software and online portals for rent collection and maintenance requests. It handles tenant placement, financial reporting, competitive management pricing, and leasing services. It conducts digital campaigns, social media marketing, and virtual property tours. Tyler Holloman, the company owner, has years of experience in the real estate industry as a broker, landlord, and investor.

License Verified:

License: EC100085399

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Grace Property Management & Real Estate logo
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Grace Property Management & Real Estate

2200 East 104th Avenue, Thornton, CO 80233
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  • Marketing
  • Collection
  • Leasing
  • Tenant Screening

Business Description

Grace Property Management & Real Estate has been providing property management and real estate sales services to clients in Westminster since 1978. It offers full-service management and leasing services to residential and commercial property owners and investors. It is recognized as a national industry leader and was named National Property Manager of the year in 2018 by Think Realty. The company provides continuing education on the real estate industry in more than 20 states. It also served as an expert witness in industry legal issues.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.6 / 5 (259)
Facebook
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Hufford & Co., Inc. logo
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License Verified:

License: EC.000008820

Colorado Division of Real Estate

Hufford & Co., Inc.

7805 Ralston Road, Arvada, CO 80002
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  • Marketing
  • Collection
  • Tenant Screening
  • Property Inspection
  • Screen new tenants
  • Rent collection
  • Property Maintenance

Business Description

Hufford & Co., Inc., offers full-service property management for clients throughout Westminster and the nearby areas. It brings over 40 years of real estate and property management experience, helping owners with all aspects of management from marketing and property viewings to tenant screening and relations. The company also provides monthly financial statements and prepares legal documents on behalf of clients, which includes year-end tax reporting. The family-run company has managed over 600 residential units including single-family homes, multi-family dwellings, townhomes, and condos.

License Verified:

License: EC.000008820

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.4
Google
4.4 / 5 (44)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Metro RE Investment Group & Property Management logo
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License Verified:

License: EC40042201

Colorado Division of Real Estate

Metro RE Investment Group & Property Management

390 Interlocken Crescent Suite 350, Broomfield, CO 80021
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  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening

Business Description

Established in 2002, Metro RE Investment Group & Property Management is a full-service brokerage that caters to clients in Westminster. Its managing broker, Hossein Tolooee, has been in the industry for over 30 years. He specializes in managing single-family and multifamily homes. His property management solutions involve marketing and leasing, taking rental applications, and screening tenants for their rental, employment, and credit history. He executes residential lease agreements and provides inventory reports. Tolooee is a member of the NARPM.

License Verified:

License: EC40042201

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)
PMI Mile High logo
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PMI Mile High

11859 North Pecos Street, Westminster, CO 80234
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  • Marketing
  • Property Inspection
  • Property Assessment

Business Description

PMI Mile High offers the assistance of skilled property managers in Westminster. This company helps clients to effectively market their rental properties by advising them on market values and screening prospective tenants. It collects rent on behalf of landlords and offers constant access to financial reports that summarize monthly rental income and expenses. PMI Mile High also does maintenance work on properties so that clients can keep tenants safe and satisfied and protect their investments.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (32)
Facebook
5.0 / 5 (12)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
PMI Mile High logo
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License Verified:

License: FA100077214

Colorado Division of Real Estate

PMI Mile High

11859 North Pecos St, Suite 200, Westminster, CO 80234
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  • Marketing
  • Tenant Screening
  • Rent collection
  • Screen new tenants

Business Description

PMI Mile High is a residential and commercial property management and brokerage company that provides a selection of services to individuals, families, and businesses in Westminster and nearby communities. It manages its clients' single- and multi-family properties through marketing, tenant screening, rent collection, property maintenance, and financial reporting. The agency also assists in the processes involved in property buying and selling. It is a member of the National Association of Residential Property Managers and the National Association of Realtors. 

License Verified:

License: FA100077214

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.8 / 5 (32)
Facebook
5.0 / 5 (12)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Trinity Team Real Estate logo
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Trinity Team Real Estate

11859 North Pecos Street, Westminster, CO 80234
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  • Tenant Screening
  • Community Management

Business Description

Trinity Team Real Estate is a property management company in Westminster that serves owners of residential and commercial investment properties. Active since 2009, this company helps with tenant placement by connecting qualified candidates with its clients' properties and it collects rent via an accessible online portal. Trinity Team Real Estate addresses all maintenance needs and schedules work for professionals to perform in order to keep properties in good working order.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (73)
Facebook
4.5 / 5 (15)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Whole Property Management logo
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License Verified:

License: ER100070592

Colorado Division of Real Estate

Whole Property Management

3550 W 38th Ave. Suite 12, Denver, CO 80211
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  • Marketing
  • Tenant Screening
  • Property Inspection
  • Rent collection
  • Property Maintenance

Business Description

Whole Property Management caters to clients in the Westminster metro and the surrounding areas. It serves homeowners by managing their properties and helping them maximize their wealth. It handles various tasks, such as marketing, tenant screening, rent payment collection, and financial reporting. Its team comprises technicians who deal with the inspection, maintenance, and repair matters. Tyler Howell, the general manager, holds a master's degree in Business Administration. He previously served as a military intelligence officer in the US Army.

License Verified:

License: ER100070592

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.8 / 5 (55)
Yelp
4.0 / 5 (25)
Facebook
2.3 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Zeal Property Management logo
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License Verified:

License: EC100091394

Colorado Division of Real Estate

Zeal Property Management

400 W. South Boulder Road Suite #2500, Lafayette, CO 80026
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  • Maintenance
  • Marketing
  • Collection
  • Accounting Services
  • Tenant Screening

Business Description

Zeal Property Management is a locally owned and operated company that serves property owners and tenants from Westminster and the surrounding areas. It offers a variety of property management services, including property marketing, tenant screening, rent collection, financial reporting, evictions, and legal guidance. It also conducts regular property inspections, as well as handles maintenance requests and coordinates with vendors. Owner Scott Otis has been working in the real estate industry for more than a decade.

License Verified:

License: EC100091394

Colorado Division of Real Estate

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.5 / 5 (30)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Back to Providers

Frequently Asked Questions

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.

How do I manage a vacation rental property?

Managing a vacation home or short-term rental requires a higher level of involvement when compared to other investment properties. Owners or managers must handle marketing, reservations, check-ins, and cleanings between stays. While a recent study by vacation rental marketplace HomeAway (now part of VRBO) reports that vacation rental income comprises about a quarter of the average rental owner’s income from investing just under 10 hours per week managing their rental, this type of hands-on involvement may not be possible for owners who live out of state or in another region. Professional property managers can assist with one or more tasks, such as cleanings and check-ins, or they can provide comprehensive management services to ensure that the property is generating revenue year-round.

Do property managers pay for repairs?

Yes and no. Property managers may pay for repairs, but the cost is generally deducted from future rent payments or a reserve fund. In most cases, landlords are responsible for maintenance costs and improvements that are needed to preserve or enhance the property’s value. Management firms do coordinate repairs, and some have their own maintenance crews. They can also provide contractor referrals and handle work orders for routine repairs, such as cleaning, painting, plumbing, and changing locks between tenants. Many firms allow tenants to submit maintenance requests online, and they should also provide monthly expense reports showing owners how their money is being spent.

Can a property manager evict a tenant?

Yes, property managers can help to orchestrate the eviction process, from preparing the initial notices to appearing in court and working with law enforcement to ensure that the tenant leaves the property. Situations that warrant eviction include non-payment of rent, lease violations, and illegal activity. Property managers can help to determine the best course of action when dealing with problem tenants.

Can a property manager sign a lease for an owner?

In most states, a property manager can sign a lease. Property owners can appoint a third party to act as a landlord by signing a contract with a management company or by giving power of attorney to a private individual. However, for the contract to be valid, the property manager must have the owner’s authorization.

Is property management worth the cost?

Property managers aren’t cheap, but they’re a worthwhile investment in many cases. Managing a rental property requires time, experience, diligence, and attention to detail. Professional property managers can assist new landlords and long-term investors who have a growing portfolio of rentals. They’re also valuable partners for individuals who work full time, live out of state, or want to enjoy the financial rewards of an investment property without added stress and anxiety.

How do I deal with a bad property management company?

Unresponsive property managers cause problems for property owners and tenants. Reputable management firms should work hard for their fees. No landlord wants to hear from their tenants that the management company isn’t doing its job or is ignoring their concerns. If the manager is skipping routine inspections, accepting bad tenants, or failing to provide monthly expense reports, it’s probably time to hire someone else. Owners should interview several candidates, compare rates, and check references to find a more qualified manager.

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