Expertise.com

2024

Last updated:

Best Property Management Companies in Providence

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 Providence 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.

39Reviewed

25Curated

6Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

65 Jefferson Blvd, Warwick, RI 02888

Expertise.com Rating

Review Sources

Google
4.3 (195)
Facebook
4.8 (64)
Yelp
2.0 (10)

Why choose this provider?

Founded in 2015, Lyon Property Management offers customized support for owners of residential rental properties in and around Providence. The company finds and screens applicants, relying on background and financial checks to facilitate the placement of qualified tenants. It also issues monthly bills, collects rents, and makes disbursements. Team members also conduct inspections to ensure lease compliance. In addition, they coordinate repairs and maintenance. Clients enjoy round-the-clock online portal access to monitor monthly financial reports. Lyon Property Management provides legal guidance to clients and works with them to handle evictions.

  • Maintenance
  • Marketing
  • Collection

49 North Union Street, Pawtucket, RI 02860

Expertise.com Rating

Review Sources

Google
4.6 (351)
Facebook
5.0 (2)
Yelp
5.0 (1)

Why choose this provider?

Nexus Property Management is a property management company that serves residential property owners and investors. Whether it's for huge apartment buildings or single-family homes, the property managers in Providence take a unique approach to handle each specific property needs. They deal with the publishing and listing of the vacant units, which involve pre-tenancy inspection, advertising, and property showings. This company also helps in preparing a lease customized to the client's property, overseeing the maintenance, and handling the eviction process.

  • Maintenance
  • Marketing
  • Collection

136 W Main Rd, Middletown, RI 02842

Expertise.com Rating

Review Sources

Google
4.0 (4)
Facebook
5.0 (3)

Why choose this provider?

The team behind Patrick's Residential Management Services has more than eight decades of experience in providing property management services to clients in the Newport, Middletown, and Providence areas. The company specializes in single-family homes, condominiums, and multi-family residences. Its services include property marketing, tenant management, rent collection, routine property inspection, and property maintenance. Additionally, this property management company near Providence provides winter watch services for clients who plan to stay in locations with warmer climates over the winter.

  • Maintenance
  • Marketing
  • Leasing

100 Westminster Street, Providence, RI 02903

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Paolino Properties offers property management services to clients in Providence. This family-owned and operated company has been in business since 1900. It manages a wide range of properties including those that are for residential, commercial, retail, and hospitality purposes. Its property managers help fill vacancies by advertising the property and screening each interested applicant. They also work closely with clients to have a better understanding of their needs and build long-term working relationships.

  • Maintenance
  • Marketing
  • Collection

444 Angell St, Providence, RI 02906
WebsiteLicense: REB.0016406

Expertise.com Rating

Review Sources

Google
3.9 (41)

Why choose this provider?

Legacy Real Estate is a Providence-based company that has been serving the metro since 2001. It provides property management services, including background and credit checks for potential tenants, lease signing, and rent collection. The company also uses its in-house maintenance staff and a network of local vendors to handle repair work, from routine jobs to large-scale remodeling and renovation. The Greater Providence Board of Realtors awarded Scott Champagne, one of the company's agents, the Circle of Excellence Platinum Award in 2020.

  • Tenant Screening
  • Rent collection
  • Property Maintenance

968 Elm St, Woonsocket, RI 02895
WebsiteLicense: REB.0016898

Expertise.com Rating

Review Sources

Yelp
5.0 (3)

Why choose this provider?

Peace of Mind Property Management & Real Estate, Inc., is an independent brokerage firm serving clients in Providence. It provides a wide range of property management services that include property inspection, rent collection, rental property marketing, and eviction assistance. Owner Stacy Corrigan has 26 years of experience in the real estate industry, and she once managed her former boss' 63 units in Roxbury. She established the company in 2008 with the aim of providing real estate services in a fun, flexible, and family-oriented manner.

  • Maintenance
  • Collection
  • Leasing

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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