Expertise.com

2024

Last updated:

Best Property Management Companies in Newark

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 Newark 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.

60Reviewed

38Curated

6Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

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

Why choose this provider?

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
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

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

Why choose this provider?

Good Hands Property Care, LLC, in collaboration with its partner company, 360 Realty Partners LLC, has been assisting residential property owners, investors, and landlords in Newark since 2013. It offers property maintenance and management services, striving to streamline operations and enhance the value of their clients' properties while keeping things running smoothly. Services include conducting tenant background checks, conducting home rental and sale value analyses, handling rent collection, preparing and renewing leases, and providing relocation services to facilitate smooth transitions for tenants. Property maintenance services are offered, encompassing tasks such as house cleaning, snow removal, power-washing, repairing, and installing smart home systems. The company collaborates with trusted third-party businesses, such as 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)
Yelp
5.0 / 5 (1)

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

Why choose this provider?

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
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

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

Why choose this provider?

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
Facebook
4.9 / 5 (167)
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

Website
761 Palmer Avenue, Holmdel, NJ 07733
  • Maintenance

Why choose this provider?

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
––

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

Why choose this provider?

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

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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