Expertise.com

2024

Last updated:

Best Property Management Companies in Carmel

Our Recommended Top 4

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 Carmel 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.

21Reviewed

14Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

38 W Main Street, Carmel, IN 46032

Expertise.com Rating

Review Sources

Google
5.0 (35)

Why choose this provider?

Keyrenter Property Management Indianapolis North serves investors and landlords in Carmel. It manages different types of residential properties, including single-family homes, townhouses, apartments, and condominiums. The company helps clients find qualified applicants through its tenant screening solutions. It also handles matters involving property marketing, rent collection, eviction and tenant management, and move-in and move-out inspections. In addition, it offers accounting services, such as year-end tax filing and ePayment statement preparation. The business is a member of the National Association of Residential Property Managers.

  • Tenant Screening
  • Property Inspection
  • Screen new tenants
  • Eviction

Carmel, IN

Expertise.com Rating

Review Sources

Google
4.0 (203)
Facebook
4.1 (44)
Yelp
3.2 (9)

Why choose this provider?

ES Property Management oversees residential rentals in Carmel, including condo units, single-family homes, and townhouses. The team helps investors improve cash flow and increase asset value over time through risk-based management methods. Its property managers handle marketing, conduct tenant screening, and perform move-in, move-out, and mid-lease inspections. They bring over three decades of combined experience in real estate development and construction management. The company is a member of the NARPM and the MIBOR REALTOR Association.

  • Maintenance
  • Marketing
  • Tenant Screening

270 East Carmel Drive, Carmel, IN 46032

Expertise.com Rating

Why choose this provider?

Indiana Property Management Group, LLC offers management services to property owners. The property managers in Carmel help clients who want to rent out their apartments, condos, or homes. They guide them throughout the process and perform careful background and credit checks before selecting tenants. They also handle tenant issues, including maintenance requests. Indiana Property Management Group's online portal helps enhance owner-tenant communication and provides 24/7 access to important documents such as financial statements and monthly summaries.

  • Maintenance
  • Collection

101 S Harding St, Indianapolis, IN 46222

Expertise.com Rating

Review Sources

Google
4.1 (86)

Why choose this provider?

PMI Meridian is a property management company serving homeowners' associations and residential property owners in Carmel. Its management team offers assistance in the property marketing and tenant screening processes, conducting financial and background checks to find qualified renters. The team members coordinate property repairs, conduct in-person inspections for monitoring purposes, and oversee clients' legal compliance. Established in 1988, PMI Meridian focuses on creating strong customer relationships. This is evident in the fact that the company is still serving some of its clients from when it started.

  • Collection

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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