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Best Property Management Companies in Waterford

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DTN Management Co. logo
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License Verified:

License: 6​5​0​5​2​7​9​0​5​8

Michigan Department of Licensing and Regulatory Affairs

DTN Management Co.

55 Ottawa Avenue, SW, Grand Rapids, MI 489503
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  • Closing

Business Description

DTN Management Co. serves property owners in Waterford and its nearby metros. Its property management division manages over 8000 apartment homes, providing owners and tenants with various services. These services include marketing, property maintenance, and financial reporting. It also assists owners in repositioning their underperforming properties to align them with current market conditions. DTN Management participates in various charitable activities, such as food drives held by its over 100 different offices and monetary donations to organizations like the American Cancer Society.

License Verified:

License: 6​5​0​5​2​7​9​0​5​8

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.
3.9

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
––
IMC Group logo
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License Verified:

License: Verified

Michigan Department of Licensing and Regulatory Affairs

IMC Group

5645 Sashabaw Road, Clarkston, MI 48346
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  • Leasing
  • Property Assessment
  • Closing

Business Description

IMC Group is a real estate company that serves the Waterford metro. It has been managing and operating commercial and residential real estate for more than 30 years. Leasing, maintenance, construction, and renovation are also part of its management services. Founder and president Dr. Iacobelli, has been in the property management industry since 1984. Even though he was initially in the dental profession, his family history and interest in construction and property development lured him into working full time in the business,

License Verified:

License: Verified

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
Google
5.0 / 5 (1)
Facebook
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
––
JMZ Management logo
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JMZ Management

40020 Twelve Mile Road, Novi, MI 48377
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  • Maintenance
  • Marketing
  • Collection
  • Tenant Screening

Business Description

JMZ Management is a full-service property management firm that serves clients in Waterford and nearby areas. From property marketing, tenant screening, maintenance, eviction, and rent collection to property inspections and financial reporting, JMZ Management provides customer-centric contract execution, property showings, fee collection, advice on legal issues, maintenance, and management of the general day-to-day needs of tenants, homebuyers, and sellers. JMZ Management also manages the entire process from leasing and management to maintenance of clients' properties to maximize income.

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.
4.2
Google
4.0 / 5 (215)

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
––
North Bloomfield Properties - Commerce logo
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North Bloomfield Properties - Commerce

8081 Commerce Road, Commerce Township, MI 48382
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  • Maintenance
  • Marketing

Business Description

North Bloomfield Properties is a locally-owned and operated residential property management company based in Commerce. Since 1989, it has been offering its property management services to individuals in the Waterford metro. These services include property marketing and advertising, tenant screening, rent collections, legal and accounting services, and 24-hour property maintenance. Its team of specialists assists clients in all aspects of property ownership and listens to their concerns, needs, and expectations regarding the property. North Bloomfield Properties is a 2016 APM Visitors' Choice Award winner.

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
3.6 / 5 (109)

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
Real Property Management - Troy logo
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Real Property Management - Troy

570 Kirts Boulevard, Troy, MI 48084
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  • Maintenance
  • Marketing
  • Collection
  • Accounting Services
  • Tenant Screening
  • Property Inspection
  • Property Assessment
  • Closing

Business Description

Real Property Management - Troy is a company serving the Waterford community. It offers a wide range of residential property management services, including comprehensive marketing and advertising, regular evaluations, and reliable maintenance. Its team of professionals has the necessary knowledge about the laws regarding tenants and landlords in the area. Clients can access their property's information 24/7 online. With over 30 years of experience, Real Property Management has been recognized by top publications and websites, including Reuters, Fox Business, and Entrepreneur Magazine.

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 (169)

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
Washington Management LLC logo
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Washington Management LLC

20 W Washington St # 15, Village of Clarkston, MI 48346
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  • Leasing
  • Community Management

Business Description

Washington Management LLC is a property management firm serving clients in and around Waterford. It processes applications for both potential buyers and renters for various living spaces, from condos to multi-room houses. It also handles commercial properties for leasing and construction. The company schedules meetings with clients to discuss criteria for their ideal home, such as the number of beds and square feet. Washington Management can also contact maintenance personnel to examine, inspect, and renovate the property.

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
––
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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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