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Best Property Management Companies in Somerville

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Boston Capital Management logo
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Boston Capital Management

54 Dudley St, Cambridge, MA 02140
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  • Marketing
  • Leasing
  • Accounting Services
  • Tenant Screening

Business Description

Boston Capital Management is a team of property managers in Somerville who are dedicated to helping property owners achieve their desired real estate investment goals. The firm is backed by 30 years of experience in managing condo units, residential single-family homes, and multi-family properties. Property owners are provided with a monthly cash statement that can help them keep track of income and expenses. Whenever issues with rent payment or lease agreements arise, Boston Capital Management can assist with legal mitigation and resolution.

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
4.4 / 5 (25)
Yelp
5.0 / 5 (4)

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
Boston Property Services logo
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Boston Property Services

1570 Tremont Street, Boston, MA 02120
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  • Maintenance
  • Marketing
  • Collection

Business Description

Boston Property Services (BSP) is a company near Somerville that handles rentals, sales, and property management in Mission Hill, Symphony, and The Fenway. Its basic services include property advertising and marketing, online rent collection, tenant selection and screening, lease signing and renewals, turnovers, and fielding and maintenance. The business has four experienced agents led by owner and managing broker Dave Hassman, who has almost 10 years of experience in the field of real estate. BSP has exclusive listings with landlords and management companies in Boston.

Channing Real Estate logo
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Channing Real Estate

1776 Massachusetts Ave, Cambridge, MA 02140
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  • Maintenance
  • Leasing

Business Description

Channing Real Estate has over 15 years of expertise in property management. The firm has property managers near Somerville who create tailored solutions for owners of residential properties as well as condominium associations. They provide a wide range of administrative and accounting services, including rent and association fees collection, vendor coordination, board meeting assistance, documents preparation and record-keeping, and budgeting. In addition, the company responds to the emergency maintenance and repair needs of tenants.

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.
3.9
Google
3.6 / 5 (11)
Yelp
4.0 / 5 (10)

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
DWM Property Management logo
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DWM Property Management

60 Massachusetts Avenue, Arlington, MA 02474
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  • Maintenance

Business Description

DWM Property Management is an Arlington-based property management firm that serves clients in Somerville and the surrounding areas. It offers several services such as rental management, condominium management, and property maintenance. In addition, the firm provides general contracting services, which include repairs, property maintenance, construction, remodeling, and renovation. Clients of DWM Property Management commend the company's level of professionalism, courteousness, and responsiveness, as well as its ability to secure great tenants.

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
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Fiorelli Realty logo
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Fiorelli Realty

154 Salem Street, Boston, MA 02113
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  • Leasing

Business Description

Fiorelli Realty is a provider of property management services near Somerville. The company's team of property specialists has been handling various aspects of rental properties in Boston for many decades. They are committed to guiding their clients, from finding the right tenants to maintaining the rental properties. Fiorelli Realty is also a real estate business that interacts with property owners and real estate investors and connects them to property buyers.

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
Yelp
4.0 / 5 (48)
Google
4.2 / 5 (28)
Facebook
5.0 / 5 (16)

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
––
Last2 Development, LCC logo
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Last2 Development, LCC

529 Main Street, Suite 0299, Charlestown, MA 02129
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  • Maintenance

Business Description

Last2 Development, LLC began its operations in 2008 as a real estate development firm. Four years later, it grew and included property management and consulting in its services. Its professionals focus on the preventive maintenance of residential and commercial properties to help ensure the satisfaction of tenants and avoid costly repairs in the future. They also collect rent and handle insurance documents and compliance. The property management company near Somerville coordinates with both tenants and 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.
5.0
Yelp
5.0 / 5 (4)

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
––
MerGo Group logo
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MerGo Group

Boylston Street, Boston, MA 02116
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  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services

Business Description

MerGo Group is a property management company near Somerville that serves the Greater Boston Area. It has a 24-hour hotline to help address tenant inquiries and schedule emergency repairs. MerGo has an online portal for owners to track financials and rental payments. The tenants also have an online portal where they can pay their rent and request maintenance services. Beyond basic property management services like tenant screening and vacancy advertising, the company's property managers also offer property optimization.

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
Google
4.8 / 5 (20)
Facebook
5.0 / 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
––
Tishman Speyer logo
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Tishman Speyer

125 High Street, Boston, MA 02110
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  • Maintenance

Business Description

Tishman Speyer is a property management company in Somerville with an integrated platform that allows them to handle various aspects of global real estate. This company specializes in property management, investment management, and acquisitions and development. Its professionals have expertise in design and construction, sustainability, leasing, and tenant services. Tishman Speyer manages prime sites around the world including The Spiral and Rockefeller Center in New York City, the Tanusturm in Germany, The Springs in China, and the Torre Norte in Brazil.

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 (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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Waze Development logo
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Waze Development

245 First Street, Cambridge, MA 02142
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  • Maintenance

Business Description

Waze Development manages residential properties in Somerville and the surrounding areas. Each professional in the company's team has more than a decade of experience in their expertise, which includes social media and traditional marketing, project management, finance, construction, and management. They combine their skills in different areas to help clients achieve their goal, whether it is to find tenants or increase property value. The firm handles various aspects of leasing, from advertising to tenant relations.

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
Google
4.7 / 5 (3)
Facebook
5.0 / 5 (1)
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
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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