Expertise.com

Best Property Management Companies in Worcester

2024

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  • Licensing
  • User Reviews
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Property Management Companies FAQs 〉

Providers

Last updated:

Website
1199 Main Street, Leicester, MA 01524
  • Rent collection
  • Property Maintenance

Why choose this provider?

Serving clients in all of Worcester County, S & R Properties is a full-service real estate firm that handles property management, rentals, and home sales. The business has over 30 years of experience managing income properties, single-family homes, and condos. It makes property management more convenient for property owners and investors by finding suitable tenants, handling lease enforcement, collecting security deposit and rent, monitoring and coordinating repair or maintenance needs, and providing detailed monthly rental records.

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
Google
4.9 / 5 (12)
Facebook
5.0 / 5 (6)

Website
945 West Boylston Street, Worcester, MA 01606
  • Collection
  • Tenant Screening

Why choose this provider?

Lamacchia Property Management offers comprehensive management services and primarily works with owners of residential investment properties. It helps clients to acquire new tenants when their properties are vacant and handles all of the tenant screening and contractual needs when executing lease agreements. The company collects rent directly from tenants each month while providing documentation of all transactions. Lamacchia Property Management is also available for emergency calls involving urgent maintenance needs, crimes, or other issues.

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
Facebook
5.0 / 5 (15)

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
49 Blanchard St, Suite 206-7, Lawrence, MA 01843
  • Property Inspection
  • Tenant Management/Customer Service
  • Property Maintenance

Why choose this provider?

Keyrenter Property Management Merrimack Valley serves homeowners and real estate investors in Worcester and neighboring areas. The company focuses on various property management services, including tenant screening, accounting, and property inspections and maintenance. Its services also include sending monthly invoices, tackling repairs, and keeping properties in premium conditions. Andy Logan is the principal and franchise owner of Keyrenter Property Management Merrimack Valley. He is a business executive with more than 25 years of experience in investment management, operations improvement, and customer service.

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 (42)

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
330 Highland St, Worcester, MA 01602
  • Leasing

Why choose this provider?

Kensington Management does property management work for tenants in the Worcester metro area. This company manages apartments and condominiums, and it has experience with commercial properties such as stores, strip malls, and service businesses as well. Kensington Management is interested in community stabilization and affordable property initiatives and acts as a landlord itself as opposed to serving other property owners. Its units tend to be within improved and restored properties. Tenants have online access to rent payment options and financial documents.

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
4.1 / 5 (12)
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.
3.3
Responsiveness
Friendliness
Helpfulness
Detail
––

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.

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