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Best Property Management Companies in Indianapolis

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Keyrenter Property Management Indianapolis North logo
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License Verified:

License: RB21002348

Keyrenter Property Management Indianapolis North

38 W Main Street, Carmel, IN 46032
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Business Description

Keyrenter Property Management Indianapolis North is a veteran-owned company that professionally manages rental properties on behalf of owners. Its team manages various properties across Indianapolis, Hamilton County, and Zionsville including single-family homes, condominiums, townhouses, and apartments. Its responsibilities cover pricing and marketing properties, screening potential tenants, drafting leases, dealing with accounting tasks, and addressing maintenance requests. Keyrenter stays up-to-date on the industry's best practices through its association with the National Association of Residential Property Managers.

License Verified:

License: RB21002348

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)
Facebook
5.0 / 5 (3)

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
ALPS Group logo
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ALPS Group

8779 W Laraway Rd, Frankfort, IL 60423
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Business Description

The Alps Group is a property management company that has been serving Indianapolis-based clients since 1995. The company provides commercial, industrial, and residential property management services. The property management service includes securing properties, managing accounts, property tax evaluation, and property maintenance with an exclusive 24/7 online service. In addition, the company also offers property preservation, real estate, receivership, homeowners & condominium associations, and land development services. The Alps Group's portfolio includes single-family, multi-family, condominium & homeowner associations, mid-rises, retail, and office complexes.

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

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
––
Ardsley Management logo
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Ardsley Management

3002 E 56th Street, Indianapolis, IN 46220
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  • Rent collection

Business Description

Ardsley Management is a locally owned and operated property management company that has been serving Indianapolis since 1984. Focusing primarily on condominiums and HOAs, the company aims to provide simple, effective, and professional property management services by taking care of matters such as bookkeeping, vendor management, property inspections, financial reporting, and general property maintenance. It also provides routine and emergency phone service for its clients 24/7. Ardsley Management is an affiliate member of The Community Associations Institute.

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
Google
4.0 / 5 (146)

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
––
BHB Group logo
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BHB Group

971 North Haugh Street, Indianopolis, IN 46222
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  • Property Maintenance
  • Rent collection

Business Description

BHB Group is a full-service real estate and property management company located in the center of Indianapolis. Its property management services include maintenance, rent collections, and evictions. The company also assists home buyers and renters. BHB Group supports community organizations like the National Alliance to End Homelessness and Habitat for Humanity. The company is co-founded in 1993 by broker Larry Tracy, who was a firefighter with a vision for the community. One customer appreciated his adequate knowledge of the rental market.

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
Google
4.5 / 5 (182)
Facebook
4.5 / 5 (57)

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
––
Compass Property Management LLC logo
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Compass Property Management LLC

4040 S Meridian St, Suite 19, Indianapolis, IN 46217
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  • Tenant Screening
  • Property Maintenance

Business Description

Compass Property Management LLC provides Indianapolis with services that include rent collection, mortgage and bill payment, provision and supervision of maintenance services, and supervision of and assistance to resident managers. It specializes in condos, single family homes, small apartment buildings, and town homes. It provides contract administration, accounting, and leasing services, working with local, institutional, and out of state clients. Its team combines real-world knowledge with experience to maximize clients’ income and minimize their expenses.

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.
4.1
Google
4.1 / 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
CRM Properties Inc logo
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CRM Properties Inc

600 East Carmel Suite 114, Carmel Indiana, IN 46032
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  • Maintenance
  • Marketing
  • Accounting Services
  • Tenant Screening

Business Description

CRM Properties Inc. offers professional property management services in Indianapolis and throughout Central Indiana. One of the most trusted property management firms in the area, CRM Properties Inc. has more than a decade of experience in the industry. The staff is specially trained, has licensed real estate agents, and members of the National Association of Residential Property Managers. Services include marketing properties, tenant screening, inspections, maintenance, lease compliance, and reporting.

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 (321)
Yelp
3.5 / 5 (7)

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
ES Property Management logo
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ES Property Management

9465 Counselors Row Ste 200, Indianapolis, IN 46240
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  • Maintenance
  • Marketing
  • Tenant Screening

Business Description

ES Property Management is a commercial and residential property management company that serves clients worldwide that have investment properties in the Indianapolis area. The company's team of experienced property managers handles all aspects of rental management, including marketing and property showings, rent collections, and inspections, as well as maintenance and emergency services. It maintains tenant and owner portals on its website which allow users to log in to pay rent, manage maintenance requests, or view account statements.

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 (153)
Facebook
4.8 / 5 (24)
Yelp
3.5 / 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
EVERGROW Property Management logo
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EVERGROW Property Management

5703 S East St Ste A, Indianapolis, IN 46227
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  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening

Business Description

Evergrow Property Management has over 2 decades of experience in residential property management services in the Indianapolis and surrounding areas. The company's team provides its services for a flat $79 monthly rate and takes over tasks such as marketing, lease negotiations, rent collection, maintenance, unit turns, accounting, reporting, and property inspections. Additionally, the company acts as the main point-of-contact for tenants, handling all emergencies and maintenance requests. In 2020, Evergrow Property Management was named one of the Best Property Management Companies in Indianapolis by PropertyManagement.com. Evergrow Property Management is a licensed Indiana Real Estate Brokerage.

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
4.7 / 5 (93)
Facebook
1.8 / 5 (6)
Yelp
5.0 / 5 (2)

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
––
Golden Sky Management logo
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Golden Sky Management

9783 E 116th St. Suite 226, Fishers, IN 47305
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  • Marketing
  • Leasing
  • Tenant Screening
  • Rent collection

Business Description

Golden Sky Management provides comprehensive rental solutions to homeowners and real estate investors in Indianapolis and the surrounding metros. The company offers full-service property management services with the goal of increasing the investment property’s value while also providing achieving tenant satisfaction. Services include online marketing, tenant screening and placement, lease preparation, rent collection, maintenance, and lease enforcement. It also deals with tenant notices and evictions. The company has been in business for six years and currently manages more than 80 rental properties.

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 (3)
Yelp
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
Green Light Property Management logo
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Green Light Property Management

333 N Alabama St Suite 350, Indianapolis, IN 46204
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  • Tenant Screening
  • Rent collection

Business Description

Green Light Property Management is a Bedford-based company that serves property owners and landlords in Indianapolis. It provides virtual tours, including video showcases and 360 VR open houses, for all kinds of residential property listings. The types of properties it offers and manages include single-family houses, condominiums, duplexes, and multi-resident complexes. The company screens all tenant applicants and oversees their move-in and move-out sessions. It also advises owners on evictions. The company was established in 2014 by two real estate investors who have remodeled and renovated multiple houses.

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
Google
4.3 / 5 (6)
Facebook
5.0 / 5 (6)

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
––
HomeRiver Group Indianapolis logo
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HomeRiver Group Indianapolis

6767 E. Washington St., Indianapolis, IN 46219
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  • Tenant Screening
  • Property Inspection
  • Property Maintenance

Business Description

HomeRiver Group Indianapolis caters to clients in the metro and the surrounding areas. It helps with managing community associations, investment portfolios, and residential homes. Some of the tasks it handles are market analysis, tenant screening, rent collection, financial reporting, maintenance and repair, and eviction protection. Richard Graham, the business development manager, has over 20 years of experience in investments and real estate. He stays involved in the community by volunteering at the Boys and Girls Club of Indiana.

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
Intrigue Indy logo
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Intrigue Indy

735 Shelby St Suite 40, Indianapolis, IN 46203
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  • Tenant Screening
  • Rent collection

Business Description

Intrigue Indy has been providing property management and real estate services to Indianapolis clients since 2018. It takes care of leasing duplexes, single-family and multi-family homes, and commercial buildings through website and social media marketing, tenant screening, and handling inquiries and showing requests. Its team manages properties, covering billing and financial reporting and tenant transitioning. It also serves as a 24/7 tenant contact point for payments and maintenance requests in partnership with a network of contractors and technicians.

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.
4.4
Google
4.6 / 5 (68)
Facebook
4.3 / 5 (11)
Yelp
2.0 / 5 (4)
PMI Indianapolis logo
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PMI Indianapolis

15275 Stony Creek Way Ste A1, Indianapolis, IN 46060
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  • Tenant Screening

Business Description

PMI Indianapolis is a company that offers full-service property management solutions to owners and tenants in the area. It is staffed by a full team of skilled professionals who aim to help property owners enjoy the benefits of ownership by taking care of rental management matters such as advertising to and evaluating potential tenants, enforcing lease agreements, and providing monthly financial statements. It has a network of vetted vendors that handle emergency maintenance requests 24/7. PMI Indianapolis is part of a larger franchise that has been in the business for more than 20 years.

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

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
Reid Properties, LLC logo
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Reid Properties, LLC

6352 Airway Dr, Indianapolis, IN 46241
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  • Maintenance
  • Accounting Services

Business Description

Reid Properties LLC has more than 20 years of experience in providing property management services in Indianapolis. The company is focused on managing residential rental properties, including single-family homes, townhomes, Commercial Apartment complexes, and duplexes. Its team of management professionals handles all aspects of the leasing process, including marketing, and tenant screening. Once tenants have moved in, Reid Properties LLC acts as their main point-of-contact, accepting maintenance requests, collecting rent, and communicating any important information on behalf of the owner.

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.
4.9

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
––
Renaissance Property Management logo
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Renaissance Property Management

8633 East 46th Street, Indianapolis, IN 46226
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  • Rent collection

Business Description

Renaissance Property Management is a locally owned and operated business serving Indianapolis. For more than 20 years, it has been providing property management services for apartment buildings, single-family homes, and mid-size apartment communities. Aside from managing the renting process for owners, its team also helps tenants find a home that fits their needs through extensive knowledge in the property market. In addition, the company presents apartment complexes that have security cameras and on-site laundry spaces.

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.
4.1
Google
4.1 / 5 (7)

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
––
RENU Property Management Central Indiana logo
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RENU Property Management Central Indiana

2325 Pointe Pkwy Ste 250, Carmel, IN 46032
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  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening
  • Property Inspection
  • Property Assessment

Business Description

RENU Property Management Central Indiana is a full-service property management company serving the Indianapolis area. The company is fully equipped in helping investors efficiently manage and lease their investment properties. Its property management includes tenant screening, online rent collection, 24/7 emergency maintenance, full-service maintenance, and eviction. RENU Property Management Central Indiana also helps investors buy and renovate income-producing properties. The company was acknowledged by past clients for following through and keeping them well informed every step of the way.

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Stone Realty Property Management logo
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Stone Realty Property Management

60 North Brown Avenue, Terre Haute, IN 47803
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  • Marketing

Business Description

Stone Realty Property Management offers its services to property owners in Indianapolis and the surrounding areas. These include property marketing, tenant screening, rent collection, financial reporting, and property inspection. The agency also provides legal guidance involving fair housing guidelines and local ordinances. Management packages dedicated to maximizing monthly earnings are available as well. Interested tenants can apply for available rental units through its digital application process. Previous clients have praised the team for their professionalism and prompt assistance.

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
Google
4.6 / 5 (67)
Facebook
5.0 / 5 (12)

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
––
T&H Realty Services, Inc. logo
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T&H Realty Services, Inc.

760 E 52nd St, Indianapolis, IN 46205
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  • Maintenance
  • Tenant Screening

Business Description

T&H Realty Services, Inc. is a firm of property managers in Indianapolis. It's a full-service company with over 250 years of combined experience that focuses on single-family properties. The firm conducts detailed analyses of the rental market and assists clients in getting the best prices for their rental properties, while its marketing services bring landlords the largest pool of potential renters. It also conducts numerous inspections and screens all potential tenants, performing background checks, credit reports, and interviews with previous landlords.

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
Facebook
4.2 / 5 (11)

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
––
Triple E Realty & Property Management logo
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Triple E Realty & Property Management

1075 Broad Ripple Ave Ste 136, Indianapolis, IN 46220
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  • Maintenance
  • Marketing
  • Leasing
  • Accounting Services
  • Tenant Screening
  • Property Inspection
  • Closing

Business Description

Triple E Realty & Property Management is a company that has been serving investors, home buyers and sellers, and rental property owners in Indianapolis and surrounding areas since 2002. It writes accounting statements, screens tenants, conducts inspections and maintenance, and handles evictions. The business uses advertising methods and websites in marketing properties. It also offers other services such as year-end tax expense preparation and full-scale renovation. Triple E Realty & Property Management provides one-on-one coaching sessions for new investors.

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Wilmoth Group logo
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Wilmoth Group

11397 Lantern Rd, Fishers, IN 46038
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  • Rent collection

Business Description

Wilmoth Group is a team of real estate managers that serve clients across the Indianapolis metro. They help landlords manage their properties with tenant screening, property maintenance, bookkeeping, and vendor management services. The team uses internet marketing solutions to advertise properties. They also maintain a dedicated online portal for owners to view financial statements. The company has been operating since 1994. Its owner, Jennifer Wilmoth, has over 20 years of experience in the real estate industry.

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
Google
4.0 / 5 (179)

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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