Expertise.com

2024

Last updated:

Best Property Management Companies in Lawrence, KS

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 Lawrence 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.

22Reviewed

14Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Po Box 524, , Ks, Lawrence, KS 66044

Expertise.com Rating

Review Sources

Google
4.8 (40)
Facebook
5.0 (16)

Why choose this provider?

Foxtail Real Estate Co. is a full-service property management company that serves Lawrence and the surrounding areas. It provides custom management contracts, works with owners to establish the benefits that will appeal to the tenants, and sets up face-to-face meetings to discuss how it can maximize the property as an investment. Foxtail Real Estate Co. senior property manager Jocelyn Magaha oversees all the residential and commercial properties, is involved in client relations and accounting, and has over eight years of property management experience.

  • Rent collection
  • Tenant Management/Customer Service

1824 South Kansas Avenue, Topeka, KS 66612

Expertise.com Rating

Why choose this provider?

Rental Management Solutions is a residential property management firm. Its property managers in Lawrence handle single-family homes, apartment communities, and vacation rentals. Management services are tailored to client needs through customized packages, which include marketing of vacancies and tenant screening procedures. The company's employees assist in rent collection, routine maintenance, and distressed property renovations. Moreover, they help prepare budgets and financial reports. For multi-family units, they assist in the evaluation and hiring of staff and manage human resource activities.

  • Tenant Screening

1607 W 9th St, Lawrence, KS 66044

Expertise.com Rating

Review Sources

Facebook
5.0 (9)
Google
3.3 (6)

Why choose this provider?

Perfect Fit Property Management caters to property owners based in Lawrence. The firm offers a full residential property management package that includes property marketing, tenant screening, monthly financial reporting, and property maintenance. Managers at the company market rental properties using professional yard signs and website advertisements. They are available to conduct property showings on Sundays and in the evenings. Perfect Fit Property Management's tenant screening process includes a credit check, a rental history check, a pre-lease interview, and employment verification.

  • Marketing
  • Tenant Screening

1037 Vermont Street, Lawrence, KS 66044

Expertise.com Rating

Review Sources

Google
4.4 (67)

Why choose this provider?

Location Properties is a Lawrence property management company that manages properties in Lawrence and as far out as the Kansas state line. It manages residential properties such as single-family homes, townhomes, duplexes, and apartment complexes. The company also manages office buildings and other investment properties. Location Properties aggressively markets vacancies to help find potential tenants, who they also screen. Company staff is available for showing vacant properties and general maintenance calls. Local Properties' goal is to make properties profitable for owners while treating tenants fairly, ethically, and legally.

  • Maintenance
  • Collection
  • Accounting Services

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
Foxtail Real Estate Co
Po Box 524, , Ks, Lawrence, KS 66044
Rental Management Solutions
1824 South Kansas Avenue, Topeka, KS 66612
Perfect Fit Property Management
1607 W 9th St, Lawrence, KS 66044
Location Properties
1037 Vermont Street, Lawrence, KS 66044

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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