Expertise.com

2024

Last updated:

Best Property Management Companies in Waterbury

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 Waterbury 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.

24Reviewed

15Curated

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
96 Meriden Rd, Waterbury, CT 06705
  • Tenant Screening
  • Rent collection

Why choose this provider?

Star Realty, LLC, is a full-service property management and real estate firm located in Waterbury that assists landlords, investors, first-time homebuyers, and renters. It has over 15 years of experience handling properties, such as single-family homes, multifamily units, and condos. Its services include leasing, tenant screening, eviction, accounting, and rent collection. The company also deals with maintenance requests, including snow removal and landscaping. Star Realty is a member of the National Association of Realtors and has access to the multiple listing service database.

License Verified:

License: REB.0788953

Connecticut Department of Consumer Protection, License Services Division

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 (40)
Facebook
5.0 / 5 (8)

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

Website
240 Butler St Hamden, Hamden, CT 06517
  • Maintenance
  • Marketing
  • Collection

Why choose this provider?

Owners looking for property managers near Waterbury are a half hour's drive away from Diamond Properties Management, which has its main office in Hamden. The company also extends its services to New Haven, East Haven, and other cities in Connecticut. Diamond Properties Management helps owners to make their properties stand out even in crowded listings and assist in ensuring that only properly-vetted tenants are qualified to rent. Tenants can pay rent, request maintenance, or submit proof of insurance through an online portal.

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
––

Website
1087 Federal Road #7, Brookfield, CT 06804
  • Tenant Screening
  • Rent collection
  • Property Maintenance

Why choose this provider?

Pro Property Management has been serving owners of properties in Waterbury since 2010. Its portfolio contains over 100 buildings and clients in 15 cities. Its managers advertise vacancies to a wide audience with an aim to scout quality tenants. They inspect each unit to spot and address potential problems before they escalate. They strive to keep properties compliant with the regulations. Partner Adrianne Angel has 15 years of experience and has worked with Fortune 500 companies and small start-ups.

License Verified:

License: REB.0789128

Connecticut Department of Consumer Protection, License Services Division

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 (143)

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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