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Best Property Management Companies in Ann Arbor

2024

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Providers

Last updated:

Website
117 North Division Street, Ann Arbor, MI 48104
  • Maintenance
  • Leasing

Why choose this provider?

Property Management Specialists, Inc., is a full-service company that has been catering to tenants and property owners in Ann Arbor for more than 35 years. Its services include lease management and negotiation of new leases, bookkeeping, and rental collection. In addition, the company provides supervision for maintenance work, arranges service contracts, and inspects the property regularly. Its professionals are experienced in dealing with condominium associations and can also manage commercial properties. They can also prepare an annual operating budget if necessary.

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
3.9 / 5 (40)

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
323 Braun Ct., Ann Arbor, MI 48104
  • Property Inspection
  • Rent collection
  • Property Maintenance

Why choose this provider?

Trillium Real Estate is a locally owned company based in Ann Arbor. With over 20 years in business, the company provides property management solutions such as marketing, tenant screening, leasing management, rent collection, maintenance and repairs, and tenant turnover services. It handles the listing and selling of properties, helping prospective owners and investors analyze and purchase properties that meet their investment goals. The company supports the community by giving back to Friends in Deed, which helps people who are housing insecure.

License Verified:

License: 6​5​0​1​2​5​5​8​7​0

Michigan Department of Licensing and Regulatory Affairs

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 (21)
Google
5.0 / 5 (3)
Yelp
5.0 / 5 (2)

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
1898 West Stadium Boulevard, Ann Arbor, MI 48103
  • Marketing
  • Collection
  • Leasing
  • Property Assessment

Why choose this provider?

Howard Hanna Real Estate Services is a real estate company that provides services on property management, home-selling, and home-purchasing. The property managers in Ann Arbor are experienced in handling single-family and multi-family residential properties. The team manages over 2,800 rental properties in the area. Howard Hanna Real Estate Services is a family-owned business that was established in 1957. The company is committed to providing solutions to help clients navigate the complex industry of real estate.

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.
3.8
Google
3.7 / 5 (24)
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
812 Lawrence Street, Ann Arbor, MI 48104
  • Tenant Management/Customer Service

Why choose this provider?

Foxway Realty is a boutique real estate broker that serves residential and commercial clients in Ann Arbor and the surrounding areas. It helps rental property owners and real estate investors in enhancing the value of their investments by providing property management services, including marketing and leasing, tenant screening, and property maintenance. Foxway Realty has almost 20 years of experience in property management. In addition, Foxway Realty helps clients in selling their properties and buying new homes.

License Verified:

License: 6​5​0​5​3​6​4​3​3​4

Michigan Department of Licensing and Regulatory Affairs

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 (13)
Facebook
5.0 / 5 (9)
Yelp
2.5 / 5 (6)

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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