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2024

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Best Property Management Companies in Lowell, MA

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 Lowell 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.

25Reviewed

16Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

277 Pawtucket Street, Lowell, MA 01854

Expertise.com Rating

Review Sources

Facebook
4.0 (4)

Why choose this provider?

UPM Real Estate has been serving rental property owners and tenants in Lowell for over 35 years. It manages properties such as apartment buildings, single-family and multi-family homes, HOA’s properties, condominiums, and commercial establishments. The property managers also handle the issues of prospective tenants, including families, Section 8 housing candidates, and singles. They oversee full-service maintenance, conduct tenant screening, collect rent, and prepare detailed monthly statements. UPM also provides snow removal, renovation, and landscaping services.

  • Maintenance
  • Leasing
  • Tenant Screening

38 Washington St 2nd Floor, Haverhill, MA 01830

Expertise.com Rating

Review Sources

Google
4.7 (14)
Facebook
5.0 (13)

Why choose this provider?

Candor Realty assists residents in Lowell and the nearby areas with their property management concerns. The company's management services include rent collection, late notice delivery, monthly reporting, and property maintenance. Additional services such as snow removal, landscaping, and tenant screening are available depending on each client's needs. For clients looking to sell their property, the company provides a custom market report that outlines all the active properties, under contract, and sold within a given neighborhood.

  • Tenant Screening
  • Rent collection

4 Courthouse Lane, Suite 2, Chelmsford, MA 01824

Expertise.com Rating

Review Sources

Google
4.0 (18)
Yelp
4.5 (16)

Why choose this provider?

Doherty Properties is a company serving customers in Lowell and the surrounding areas. It is a full-service real estate brokerage that utilizes technology to increase its clients' access and reach in the marketplace as well as access to rental and sales databases. The range of services it provides includes rentals and sales, marketing, legal services, and property management. Doherty Properties can also deal with retail and commercial properties as well as new developments and re-developments.

  • Property Maintenance

49 Blanchard St, Suite 206-7, Lawrence, MA 01843

Expertise.com Rating

Review Sources

Google
4.8 (54)

Why choose this provider?

Keyrenter Property Management Merrimack Valley handles the needs of property owners and real estate investors in Lowell and the surrounding areas. The company focuses on various services, including residential leasing, tenant placement, accounting, and property inspections and maintenance. Its services also include managing single-family homes, multi-family houses, duplexes, and condominiums. Keyrenter Property Management Merrimack Valley is owned and operated by Andy Logan, who has more than 25 years of experience in investment management, operations improvement, and customer service.

  • Tenant Screening
  • Property Inspection
  • Rent collection

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
UPM Real Estate
277 Pawtucket Street, Lowell, MA 01854
Candor Realty
38 Washington St 2nd Floor, Haverhill, MA 01830
Doherty Properties
4 Courthouse Lane, Suite 2, Chelmsford, MA 01824
Keyrenter Property Management Merrimack Valley
49 Blanchard St, Suite 206-7, Lawrence, MA 01843

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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