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Best Property Management Companies in Elgin

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33 Realty logo
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License Verified:

License: 481011345

Illinois Department of Financial and Professional Regulation

33 Realty

357 W CHICAGO AVENUE, CHICAGO, IL 60654
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  • Property Maintenance

Business Description

33 Realty is a real estate company that has been serving Elgin and surrounding communities since 2009. It offers commercial and residential property management services including marketing, rent collection, and investment advice. Its team deals with different types of areas and properties such as mid and high-rise apartments, office complexes, light industrial buildings, garden-style communities, and retail centers. The firm also provides leasing services for developers and owners of luxury rental spaces. It also assists clients with their property improvement needs by accommodating construction projects.

License Verified:

License: 481011345

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.
3.9
Google
3.9 / 5 (335)

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
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Detail
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BEI Commercial Real Estate logo
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License Verified:

License: 481011699

Illinois Department of Financial and Professional Regulation

BEI Commercial Real Estate

140 First Street, Batavia, IL 60510
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  • Tenant Screening
  • Rent collection
  • Market Vacancies
  • Tenant Management/Customer Service

Business Description

BEI Commercial Real Estate provides commercial and residential property management services to Elgin and its nearby cities. Its scope of responsibilities includes showing managed properties to potential tenants, collecting rent, and providing owners with monthly financial reports. It also helps clients evict tenants in the case of delinquent rent or breach of the lease agreement. It supports local and national charities, such as the American Cancer Society, by donating funds and the use of its properties for fundraiser events.

License Verified:

License: 481011699

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.
5.0
Facebook
5.0 / 5 (13)

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
––
Carriage Real Estate & Property Management logo
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Carriage Real Estate & Property Management

1250 Larkin Avenue, Elgin, IL 60123
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  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening

Business Description

Carriage Real Estate & Property Management serves landlords in the Elgin metro area and works with these clients to keep their lease properties profitable. This company manages residential properties and has particular experience with single-family homes. It advertises properties to find new tenants and handles the leasing process with those tenants. Carriage Real Estate & Property Management collects rent each month and compiles financial data into monthly reports as well. It also addresses any maintenance needs that units encounter.

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
4.8 / 5 (21)

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
CL3 Property Management logo
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License Verified:

License: 481012075

Illinois Department of Financial and Professional Regulation

CL3 Property Management

1337 W. Wrightwood, Suite 1, Chicago, IL 60614
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  • Maintenance

Business Description

CL3 Property Management caters to clients in Elgin and the surrounding areas. It takes care of various real estate investments, such as individually owned, luxury condominium units, townhouses, and single-family homes. The firm's property managers assist in the administrative work, tenant communication, maintenance and repair request management, and move in and move out process. They also provide guidance to tenants on finding and applying for their preferred rental space. CL3 Property Management has been in business since 2013.

License Verified:

License: 481012075

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.
4.2
Yelp
4.0 / 5 (34)
Google
4.5 / 5 (31)
GNP Realty Partners logo
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License Verified:

License: 481010958

Illinois Department of Financial and Professional Regulation

GNP Realty Partners

430 N. Michigan Ave., Chicago, IL 60611
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  • Property Inspection
  • Property Assessment
  • Property Maintenance

Business Description

GNP Realty Partners is an Accredited Management Organization that serves clients in Elgin and its surrounding areas. The company handles the construction, leasing, sales, and management of commercial and residential properties. It also provides green building management and REO services. The company's senior staff members have a combined experience of over 250 years in the property management industry. GNP Realty Partners is also affiliated with Chicago Five-O Services, Inc., whose expertise is in building security.

License Verified:

License: 481010958

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.
3.9
Google
3.9 / 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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Green Ivy Realty & Property Management Inc. logo
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License Verified:

License: 478012995

Illinois Department of Financial and Professional Regulation

Green Ivy Realty & Property Management Inc.

4323 W Irving Park Rd #1A, Chicago, IL 60641
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  • Property Assessment
  • Screen new tenants
  • Market Vacancies

Business Description

Green Ivy Realty & Property Management Inc. is a boutique company that serves clients in Elgin and the surrounding areas. It provides an array of property management services that include tenant screening, property marketing, and property maintenance. Its property managers are concentrated on handling condominiums, homes, and townhouses. Since its establishment in 2007, Green Ivy Realty & Property Management has grown from a company that manages rental properties to one that helps owners sell their rental properties. Owner Russell Rantz carries property management experience.

License Verified:

License: 478012995

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.
4.6
Google
4.6 / 5 (60)
Facebook
4.0 / 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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
High Fidelity logo
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License Verified:

License: 481012101

Illinois Department of Financial and Professional Regulation

High Fidelity

2513 N. Halsted Street, Chicago, IL 60614
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  • Tenant Screening
  • Property Assessment
  • Property Maintenance
  • Market Vacancies

Business Description

High Fidelity is a property management company that was founded in 2010. Serving Elgin and surrounding areas, it offers a wide range of property management services including maintenance, tenant relations, move-in or move-out, and administration and accounting. Its team is available 24/7 to address tenants' needs in single-unit condos, single-family homes, or multifamily units. Owner John McGeown utilizes his background in the US Navy in supervising the operations of the company that manages over 1,000 units.

License Verified:

License: 481012101

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.
3.9
Google
4.5 / 5 (182)
Facebook
4.5 / 5 (57)
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
McLennan Companies logo
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License Verified:

License: 478004078

Illinois Department of Financial and Professional Regulation

McLennan Companies

25 N Northwest Hwy, Park Ridge, IL 60068
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  • Tenant Management/Customer Service

Business Description

McLennan Companies provides property management services for clients in Elgin and the surrounding areas. It specializes in managing various types of properties, such as residential apartments, buildings and offices, incubator spaces, and commercial condos. Its services include tenant acquisition and screening, lease preparation and execution, property maintenance, accounting, and rent collection. McLennan Companies has been in the business for more than a century, and its clients include owners of inherited properties and real estate investment groups.

License Verified:

License: 478004078

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.
4.3
Google
4.2 / 5 (13)

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
––
Medallion Property Management LLC logo
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License Verified:

License: 481013031

Illinois Department of Financial and Professional Regulation

Medallion Property Management LLC

10805 S Halsted St, Chicago, IL 60628
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  • Property Assessment
  • Property Maintenance

Business Description

Medallion Property Management, LLC, provides solutions to residential property owners in and around Elgin. Its professionals adopt strategies to maximize portfolios and investments with over five decades of combined property management experience. Its ongoing services include leasing, maintenance, bills, and accounting procedures. Clients also receive assistance in handling tax appeals, insurance audits, property surveys, and rental analyses. The company has its investment properties, giving the business a comprehensive understanding of its customers' risks daily.

License Verified:

License: 481013031

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.
3.9
Google
4.0 / 5 (110)

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
––
MF Cashflow logo
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License Verified:

License: 481012920

Illinois Department of Financial and Professional Regulation

MF Cashflow

19031 Old LaGrange Rd Suite 210, Mokena, IL 60448
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  • Tenant Screening
  • Market Vacancies
  • Rent collection

Business Description

MF Cashflow is a full-service property management and real estate company serving the Elgin community. The company manages and leases residential homes, condos, and multi-family buildings. Its property management services include marketing, tenant screening, financial reporting, and rent distribution. It also offers 24/7 maintenance requests and online owner and tenant portal access. MF Cashflow is a Mainstreet Organization of Realtors and the National Association of Residential Property Managers member. It is founded by Realtor Mike Fisher, who is also an author and a public speaker.

License Verified:

License: 481012920

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.
5.0
Google
5.0 / 5 (28)

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
––
NRS Rental Property logo
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License Verified:

License: 481011775

Illinois Department of Financial and Professional Regulation

NRS Rental Property

440 N Wabash Ave, Chicago, IL 60611
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  • Tenant Screening
  • Screen new tenants
  • Property Maintenance

Business Description

NRS Rental Property serves property investors, owners, and renters in the Elgin metro. The business manages a variety of residential and rental investment properties, such as single-family residences, condominiums, and multifamily apartment buildings. It provides thorough tenant screening that includes employment verification and credit and criminal background checks. NRS Rental Property also offers asset management and acquisition services, online property marketing, investment analysis and forecasting, and renters' insurance enforcement. It extends its services to Alabama, Florida, and North Dakota.

License Verified:

License: 481011775

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.
4.7
Facebook
4.7 / 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
Preferred Management logo
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Preferred Management

1070 Larkin Avenue, Elgin, IL 60123
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  • Marketing
  • Collection
  • Tenant Screening

Business Description

Preferred Management completes property management work for owners of rental properties as well as homeowners' associations and other types of community organizations. This company collects dues and fees for its clients and processes all transactions through financial documents. A full-time staff is available to handle any emergency needs that tenants have. Preferred Management also coordinates maintenance activities to keep properties in a good condition. Advertising services are available to attract tenants for vacant units.

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 (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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Property Management Realty Inc logo
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License Verified:

License: 478011877

Illinois Department of Financial and Professional Regulation

Property Management Realty Inc

2560 Foxfield Road - Suite 180, St. Charles, IL 60174
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  • Marketing
  • Leasing
  • Tenant Screening

Business Description

Property Management Realty, Inc., is a real estate company that assists clients around the Elgin area. It provides property management solutions to both residential and commercial property owners. Landlord rental management, single-family property leasing, and commercial and office management are among its offerings. The firm also handles asset management and general contracting management services. Founder Brian D. Pregler has more than 16 years of experience in the field. Property Management Realty is a member of the National Association of Realtors.

License Verified:

License: 478011877

Illinois Department of Financial and Professional Regulation

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
Property Management Techniques, Inc. logo
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License Verified:

License: 478011877

Illinois Department of Financial and Professional Regulation

Property Management Techniques, Inc.

2560 Foxfield Road, Suite 180, St. Charles, IL 60174
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  • Maintenance

Business Description

Property Management Techniques, Inc., manages residential properties, such as townhomes and condominiums. It offers on-site, partial on-site, off-site, and financials-only services to clients in the Elgin metro. The company collects assessments, monitors financials, creates budgets, and submits monthly reports. Property Management Techniques also prepares work orders for vendors to perform maintenance, as needed. Company founder Brian Pregler has a Certified Manager of Community Associations accreditation and 25 years of industry experience. He is also a member of the Community Associations Institute.

License Verified:

License: 478011877

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.
5.0
Google
5.0 / 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
Real Property Management Chicago Group logo
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License Verified:

License: 471015321

Illinois Department of Financial and Professional Regulation

Real Property Management Chicago Group

4320 Winfield Road Suite 200, Warrenville, IL 60555
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  • Screen new tenants
  • Market Vacancies

Business Description

Real Property Management Chicago Group is a company that manages real estate in Elgin and nearby metro areas. The group assists residential property owners in protecting their investments and growing their income by handling various aspects of property management. Its real estate managers specialize in marketing and advertising, tenant screening and selection, leasing negotiations, rent collection, accounting, and property maintenance. The company has been serving clients for over 25 years. It operates over 250 offices across 48 states.

License Verified:

License: 471015321

Illinois Department of Financial and Professional Regulation

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
––
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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