Expertise.com
2024

Last updated:

Best Property Management Companies in Arlington Heights

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 Arlington Heights 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.

17

Reviewed

11

Curated

3

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
1096 South Roselle Road, Schaumburg, IL 60193
  • Tenant Screening

Why choose this provider?

PMI Chi-Town offers property management services to clients in Arlington Heights. This service provider has a team dedicated to handle customers' property promotion, rent collection, maintenance, tenant screening, and financial reporting. Its staff can also process tenant evictions and oversees property law insurance regulations. Aside from managing residential spaces, the company also has real estate brokerage services as well. Owner Pat Parikh has been in the property business for over 12 years.

License Verified:

License: 481013197

Illinois Department of Financial and Professional Regulation

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
4.7 / 5 (13)
Facebook
5.0 / 5 (4)

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
1001 E Touhy Avenue, Suite 300, Des Plaines, IL 60018
  • Maintenance
  • Accounting Services

Why choose this provider?

MK Asset Management is a property management company near Arlington Heights. Headquartered in Des Plaines, its team of experienced property managers provides various commercial asset and property management services. These include financial management, property maintenance, and tenant management. Under its tenant management services, MK Asset Management handles tenant relations, contract management, personnel management, and lease management functions. Additionally, the Des Plaines company provides residential property management services. Formed in 2007, MK Asset Management launched its acquisition platform in 2011.

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.
3.9
Yelp
4.0 / 5 (21)
Google
1.0 / 5 (1)

Website
Chicago , IL 60062, Chicago, IL 60062
  • Maintenance
  • Collection
  • Leasing
  • Tenant Screening
  • Property Inspection

Why choose this provider?

Chicago Ironman Properties & Builders is a real estate and property management company offering various services to clients in the Northbrook and Arlington Heights area. Its property management services include rental rate assistance, tenant screening and placement, administration of lease and contract agreements, property inspections, and rent collection. This family-owned company performs preventative maintenance on the properties it manages. It also offers weekly, bimonthly, and monthly cleaning services as well as lawn maintenance services.

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
Yelp
4.0 / 5 (5)

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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