Expertise.com

Best Property Management Companies in Waterloo

2024

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Providers

Last updated:

Website
1419 West 4th Street, Waterloo, IA 50702
  • Leasing

Why choose this provider?

Martin Incorporated Realtors' team of property managers in Waterloo assists clients with maintenance, tenant placement, and financial tasks. They oversee commercial and residential properties, including single-family homes, apartment complexes, and condominiums. The property managers advertise rental properties and perform stringent background checks on potential tenants. Aside from collecting and disbursing rent, they furnish owners with monthly and yearly financial statements. They also provide clients with guidance on state laws concerning landlords and tenants.

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.
4.3
Google
4.3 / 5 (105)
Yelp
1.0 / 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.
3.3
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
1704 State St, Cedar Falls, IA 50613
  • Maintenance
  • Marketing
  • Tenant Screening

Why choose this provider?

Cedar Valley Property Management is a local company that handles homes and rental properties in Waterloo and other cities and communities surrounding its central location in Cedar Falls. It specializes in marketing and managing rental properties near the University of Northern Iowa, as well as homes and rentals in the whole Cedar Valley and northeast Iowa. Its portfolio includes apartments, short-term rentals, campus condos, and campus townhomes. The company has been managing properties since 2008.

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.
3.8
Google
3.8 / 5 (73)

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
110 Fletcher Ave,, Waterloo, IA 50701
  • Property Inspection
  • Property Maintenance

Why choose this provider?

Pregler Properties is a real estate company serving clients in the Waterloo metro. The company provides property management services with 24/7 support, including marketing, property showing, application processing, background checking, and income verifying. It also assists owners to increase their portfolio of profitability and helps investors find good investment properties. Pregler Properties is co-owned by Mark Pregler, a real estate broker who served as the past president of the Black Hawk Landlords Association for three years.

License Verified:

License: F05869000

Iowa Real Estate Commission

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

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
617 Birmingham Avenue, Waterloo, IA 50702
  • Maintenance

Why choose this provider?

Next Level Property Management has been in the property management business since 2012. Serving the Waterloo area, it is committed to being involved with the community to stay updated. Jim Snider, the owner and CEO, is part of the Next Level Property Management LLC ownership team. The market analysis of the company helps landlords to make data-informed decisions on their properties for rent so that they can invest and manage them wisely.

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.
3.0
Google
2.7 / 5 (7)
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
229 Clay St, Waterloo, IA 50703-3845
  • Maintenance
  • Marketing
  • Leasing
  • Tenant Screening

Why choose this provider?

Woodly Holdings LLC provides property management services to clients in Waterloo. Experienced in handling condos, apartments, and luxury estates, manager Joy Wood offers her expertise in matters such as bookkeeping and legal compliance for property management. She and her team aid in rent collection, maintenance and repairs, and assessing the quality of new tenants. They also counsel clients on real estate administration concerns such as grants, leasing, and tax credits. Woodly Holding serves clients such as landlords, investors, and homeowners.

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 (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

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.

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