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Best Property Management Companies in Newark

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FoxWood Realty Services, L.L.C. logo
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FoxWood Realty Services, L.L.C.

761 Palmer Avenue, Holmdel, NJ 07733
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Business Description

Mainly catering to homeowner and condominium associations across several New Jersey cities, FoxWood Realty Services, L.L.C. provides clients in Newark with property management, real estate consulting, and asset management services. The family-owned firm is helmed by Thomas J. Conway, who has three decades of industry experience. He and his team have particular expertise in budgeting, expense and cash management, and financial reporting. Besides handling daily administrative tasks, they negotiate contracts, oversee repairs and construction projects, and manage vendor payments.

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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Good Hands Property Care logo
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Good Hands Property Care

17 Village Road, Box 776, New Vernon, NJ 07976
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  • Collection
  • Tenant Screening
  • Property Inspection

Business Description

Good Hands Property Care, LLC, has been helping property owners, investors, and landlords in the Newark metro since 2013. It provides a wide range of property management services, such as tenant background checks, home rental and sale value analysis, rent collection, lease preparations and renewals, and relocation services. It also offers property maintenance services that include house cleaning, snow removal, power-washing, and installing smart home systems. Good Hands Property Care is partnered with third-party businesses, like flooring stores and appliance outlets.

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 (2)
Hosted Quarters logo
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Hosted Quarters

431 Springfield Ave, Summit, NJ 07901
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  • Maintenance
  • Tenant Screening
  • Property Inspection

Business Description

Hosted Quarters is a property management company that serves clients in Newark. Its founder and president, Jane Cushman Cebula, is an accredited real estate agent with Lois Schneider Realtor in Summit. She has more than 20 years of experience in helping clients manage their homes and large investment properties while they are away. The company's property management services include weekly home inspection, tenant liaison, system maintenance, and home repair supervision. Hosted Quarters also offers luxury short-term furnished rentals.

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

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
Mem Property Management logo
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Mem Property Management

3 Executive Dr Ste 350, Somerset, NJ 08873
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  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening
  • Property Inspection

Business Description

Serving the community for 28 years, Mem Property Management is a company that works with residential property owners and investors in Newark and nearby areas. It handles the leasing and management of condominiums, active adult communities, and homeowner associations. Its managers also take care of tenant relations, vendor management, contract management, accounting services, and lease administration. Mem Property Management maintains an online platform where tenants can make online payments and access their monthly billing statements.

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
4.6 / 5 (82)
Yelp
4.0 / 5 (49)

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
––
MIG Real Estate logo
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MIG Real Estate

112 Jabez St Ste 111, Newark, NJ 07105
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  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Property Assessment

Business Description

MIG Real Estate handles property management services in Newark. The company has been in operation since 2010, offering a full range of services to owners, including marketing to fill vacancies and online rent payments for rent collection. MIG Real Estate provides tenant screening that involves criminal and financial checks as well as eviction history. The property management team's other services include maintenance, inspections, online tenant-owner portals, automatic owner statements, and minor renovations. MIG Real Estate emergency assistance staff is on call 24/7 to help clients with issues ranging from evictions to managing expenses.

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

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
Newport Property Management logo
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Newport Property Management

310 7th Avenue West, Newark, NJ 07107
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  • Maintenance
  • Marketing
  • Leasing
  • Tenant Screening

Business Description

Newport Property Management is a full-service property management company serving residential and commercial property owners in Manhattan, Newark, Hackensack, Queens, and Brooklyn. It also provides property management services to homeowners' associations. The residential property management services offered by this family-owned company include advertising and marketing, tenant background checking, tenant relations, and property maintenance. Its property management services for its commercial clients include lease negotiations, tenant management, and cash flow maximization.

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
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
PMI Prime Property Services logo
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PMI Prime Property Services

5 Maple Ave, Morristown, NJ 7960
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  • Maintenance

Business Description

PMI Prime Property Services is a property management company offering a variety of services to owners of single-family homes, multi-family residences, and commercial properties. It serves New Jersey, Newark, Essex, and Warren. The management solutions offered by the company include marketing of the property, screening of tenants, collection of rent, and maintenance of the property. It also provides monthly reports that property owners can access 24/7. Moreover, the company conducts regular property inspections.

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
Google
4.6 / 5 (13)
Facebook
5.0 / 5 (3)

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
––
Real Property Management Genies logo
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Real Property Management Genies

4295 Arthur Kill Road, Staten Island, NY 10309
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  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening
  • Property Inspection

Business Description

Real Property Management Genies offers residential property solutions through its property managers near Newark. This company handles single-family rentals, apartment complexes, and homeowner associations. Its property managers assist in property marketing, setting appropriate rental rates, and suggesting property improvements. They also aid in the tenant screening process, negotiating leases, and signing lease agreements. In addition, they resolve repair issues, collect rent payments, conduct property inspections, and deal with eviction cases. Real Property Management Genies maintains online portals for tenants and owners.

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 (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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