Expertise.com

Best Property Management Companies in Pawtucket

2024

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  • Licensing
  • User Reviews
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Property Management Companies FAQs 〉

Providers

Last updated:

Website
15 Circle Street, Rumford, RI 02916
  • Maintenance
  • Marketing
  • Collection
  • Accounting Services
  • Tenant Screening
  • Property Inspection

Why choose this provider?

Established by three seasoned real estate investors, Blackstone Group Leasing & Management has been serving clients in the Pawtucket metro since 2016. The company manages third-party property owners. Its services include tenant screening, property marketing, property inspection, financial reporting, and rent collection. Its team of property management specialists also handles legal compliance which includes the housing laws and local ordinances for rental properties and helps property owners who are dealing with property eviction. Additionally, the company offers apartment leasing services.

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.
4.5
Google
4.6 / 5 (221)
Facebook
4.7 / 5 (15)
Yelp
2.5 / 5 (10)

Website
49 North Union Street, Pawtucket, RI 02860
  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Tenant Screening

Why choose this provider?

Based in Pawtucket, Nexus Property Management has been serving property owners since 2013. The local business is capable of handling different types of rental properties such as single-family homes, condos, and apartment buildings. Its property management services include marketing, tenant placement and communication, rent collection, and maintenance with a 24/7 response line. Its team of knowledgeable professionals can also provide investment advice, perform property analysis, and compute profit forecasts for fellow investors who want to grow their portfolios.

License Verified:

License: FR.9900580

Rhode Island Department of Business Regulation

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.
4.6
Google
4.6 / 5 (343)
Facebook
5.0 / 5 (53)
Yelp
3.0 / 5 (12)

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
122 Hamlet Ave, Woonsocket, RI 02895
  • Leasing

Why choose this provider?

Property Masters is a property management company that has been offering a wide variety of services since it was established in 2009. It works with residential and commercial clients in Pawtucket, Woonsocket, and Providence. Its services include finding tenants for the properties, screening of tenants, collecting monthly rent, and maintaining the properties. The company's property managers in Pawtucket also provide monthly financial statements to clients. Additionally, the company assists property owners with the eviction process, 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.
5.0
Google
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.
3.8
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.

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