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Best Property Management Companies in Lexington

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 Lexington 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.



3Top Picks

Learn about our selection process.


featured provider = Featured Provider

133 Walton Avenue, Lexington, KY 40508 Rating

Why choose this provider?

Pinnacle Real Estate Group serves the Lexington metro area and helps clients with a variety of property management concerns by taking over landlord responsibilities and communicating with tenants on behalf of them. This company mostly works with residential properties and does everything from rent collection and bookkeeping to maintenance oversight and property inspections. Pinnacle Real Estate Group also markets vacant properties and screens potential tenants for clients. When necessary it can initiate legal proceedings or eviction processes.

  • Tenant Screening

2424 Harrodsburg Road Suite 101, Lexington, KY 40503 Rating

Review Sources

2.3 (3)

Why choose this provider?

Real Property Management Bluegrass is a Lexington-based company that provides a full range of property management services. The firm covers multiple areas of property management including marketing and advertising, leasing, accounting, rent collection, and tenant screening and selection. Real Property Management Bluegrass works with an in-house crew and a network of local and national contractors to attend to maintenance and repair requests. The company has over 25 years of experience in managing single-family and multi-family properties.

  • Maintenance
  • Marketing
  • Collection

624 W. Lexington Ave, Winchester, KY 40391 Rating

Review Sources

5.0 (22)
5.0 (1)

Why choose this provider?

Freedom Realty & Property Management is a locally-owned real estate agency that specializes in managing properties. Its team of property managers near Lexington advertises vacancies on various platforms such as Craigslist, YouTube, Facebook, Zillow, and Trulia. Apart from online marketing, the firm also provides mobile device tours wherein clients can go on a property tour using their mobile devices by entering a text code. Freedom Realty & Property Management's estate agents have 25 years of experience.

  • Leasing


  • 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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