Expertise.com

2024

Last updated:

Best Property Management Companies in Schenectady

Our Recommended Top 4

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 Schenectady 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.

16Reviewed

11Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

501 New Karner Road, Albany, NY 12205

Expertise.com Rating

Review Sources

Google
4.1 (167)
Yelp
3.0 (7)

Why choose this provider?

NBG Property Management, LLC has been providing property management solutions to residents of Albany since 2011. It provides services such as rent collection, vacancies, tenant screening, unit preparation, and showings. It also deals with emergency response for break-fixes, property evaluations and inspections, as well as monthly financial and work log reporting. The company offers personalized services to cater to the specific needs of the client for their property. It strives to eliminate the stress and anxiety that comes with managing properties so that clients can focus on their individual careers and families.

  • Maintenance
  • Leasing
  • Accounting Services

2 Secretariat Ln, Saratoga Springs, NY 12866
Website

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Luther Forest Real Estate, LLC is a property management firm near Schenectady specializing in residential real estate. The company has two property management packages that owners can choose from. The first plan includes comprehensive listing and leasing services for rental homes. It covers assistance in rent collection, repairs, renovation, and inspection. Meanwhile, the second plan provides weekly interior and exterior inspections. It also includes vendor coordination every time a tenant requests repair or maintenance visits.

  • Maintenance
  • Collection
  • Property Inspection

220 Harborside Drive, Schenectady, NY 12305

Expertise.com Rating

Review Sources

Facebook
4.3 (12)
Google
4.0 (11)

Why choose this provider?

Galesi Group supports Schenectady and the surrounding communities by offering property management services. The company has property managers who can help oversee industrial and office properties. The company can also help clients manage residential areas, retail properties, and lands. Property managers from the Galesi Group are equipped to provide general management services, property maintenance, and legal support. The company can also handle accounting and finance matters for clients. Galesi Group has been providing property management support since 1969.

  • Marketing
  • Leasing

4 Kelch Drive, Malta, NY 12020

Expertise.com Rating

Review Sources

Facebook
5.0 (21)
Google
4.6 (14)
Yelp
4.5 (3)

Why choose this provider?

Red Door Realty NY is a real estate business staffed by property managers near Schenectady. Based in Malta, the company's team of property specialists focuses on assisting owners and tenants of residential and commercial properties in the metro. Red Door Realty NY's property management division offers various management services, such as tenant placement, leasing, and financial services. In addition to these, the company provides assistance with selling or buying properties.

  • Leasing
  • Accounting Services

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.

Related Articles

FeaturedHTH-propertymanagement hero

How To Hire A Property Management Company

Ask these questions and look for these key certifications before hiring a property management company to handle maintenance, ...