Expertise.com

2024

Last updated:

Best Property Management Companies in Portland

Our Recommended Top 6

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 Portland 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.

18Reviewed

13Curated

6Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
317 Foreside Road, Falmouth, ME 04105
  • Maintenance
  • Marketing
  • Collection

Why choose this provider?

Apex Luxury Rentals has been providing property management solutions to clients since 2003. Its specialists review properties for sale in Portland and recommend proper rental rates to owners. During the assessment, they determine if the property should be rented furnished or unfurnished and if it is eligible for short- or long-term stays. Their services include marketing, home inspection, tenant screening and eviction, rent collection, and 24-hour emergency maintenance. The company manages around 200 high-end properties in the Southern Maine market.

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
Google
4.2 / 5 (37)
Yelp
3.5 / 5 (6)

Website
251 US Route One, Falmouth, ME 04105
  • Property Inspection
  • Property Maintenance

Why choose this provider?

Established in 2001, Commercial Properties Management is a company that offers property management services in Portland. Its team of professionals handles managed properties that include retail properties, industrial properties, offices, and medical offices. They also provide services for condominiums, residential properties, and managed tenancies. They handle negotiation with tenants, financial management, and value maintenance for investment properties. Commercial Properties Management currently has a management portfolio of 1.9 million square feet.

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.
4.7
Facebook
4.8 / 5 (23)
Google
4.0 / 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
––

Website
1662 Post Road, Suite B3, Wells, ME 04090
  • Closing

Why choose this provider?

Serving Portland and the surrounding areas, Maine Street Property Management, LLC, is a business that specializes in full-service residential, vacation rental, and condo associations property management. Some property management solutions it offers include tenant screening, placement only, and home check services. It also offers vacation and long-term rental services. The company's co-founder and property manager, Skye Ouellette, left the corporate world and founded Maine Street Property Management, LLC, to help property owners and investors manage their investments.

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 (15)
Facebook
5.0 / 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

Website
2 Main St. Bldg. #17 Suite #220, Biddeford, ME 04005
  • Property Inspection
  • Rent collection
  • Screen new tenants
  • Property Maintenance

Why choose this provider?

Property Management Services of Maine helps property owners from Portland in maintaining their rental properties. The company offers a wide range of services, such as tenant screening, rent collection, and property inspection. The firm also provides deep cleaning of properties, especially after a tenant's departure. Property Management Services of Maine handles various types of rental properties, including condominiums and single-family homes. The company offers a 24/7 emergency service for tenants who may have urgent requests.

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
––

Website
PO Box 6717, Scarborough, ME 04070-6717
  • Tenant Management/Customer Service

Why choose this provider?

HigginsBeachMaine.com is a real estate firm that offers listing and property management services to clients in the Portland metro. The company has been operating for more than 19 years and is owned by Scott Townsend, a licensed real estate agent representing Keller Williams Realty in the area. Its team caters to property management requests for single-family homes, apartment complexes, and multi-family homes. It also handles management requests for winter homes, vacation houses, and waterfront properties.

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.
4.7
Facebook
4.5 / 5 (88)
Google
5.0 / 5 (40)

Website
PO Box 1691, Auburn, ME 04211
  • Maintenance
  • Leasing

Why choose this provider?

Honest Property Management offers property management services to clients in Portland. The company manages residential and vacation properties including short-term rentals and Airbnb units. Its property managers help fill vacancies by advertising the property to attract potential renters. They also screen each interested applicant to determine if they are a suitable fit, conducting background checks as needed. Other services include rent collection, property inspections, 24/7 maintenance, and bookkeeping. The business maintains an online owner portal for convenience.

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 (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

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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