Expertise.com

Best Property Management Companies in Lewisville

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Property Management Companies FAQs

Learn more
1st Choice Property Management logo
Visit WebsiteWebsite

1st Choice Property Management

5664 Denton Hwy, Ft Worth, TX 76148
Visit WebsiteWebsite
  • Marketing

Business Description

Started in 1993, 1st Choice Property Management creates property solutions tailored to client needs. Its team of property managers assists Lewisville residents in property marketing, conducting market research to set appropriate rates. The professionals facilitate application verification procedures to find qualified renters and fill vacancies. They also handle rent collection, inspection, maintenance resolution, financial report generation, and eviction. 1st Choice Property Management was originally established by Darryl Kazen to handle over 40 rental homes of his family.

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
5.0 / 5 (9)

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
3G Properties Group logo
Visit WebsiteWebsite

3G Properties Group

2611 Cross Timbers Road, Flower Mound, TX 75028
Visit WebsiteWebsite
  • Leasing

Business Description

3G Properties Group can assign its property managers near Lewisville to assist clients with any operational needs pertaining to residential properties such as condominiums, townhouses, or single-family homes. It advises landlords on ideal rental prices and markets their properties to find quality tenants, who it also evaluates with an in-depth screening process. 3G Properties Group maintains client accounts by collecting rent from tenants and compiling transaction information into reports. It also makes sure that necessary maintenance services are performed and that requests from tenants are promptly serviced.

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
4.7 / 5 (80)

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
––
Assign Property Management logo
Visit WebsiteWebsite

Assign Property Management

311 South Oak Street, Roanoke, TX 76262
Visit WebsiteWebsite
  • Leasing

Business Description

Assign Property Management has been successful in maintaining low eviction and high tenant retention rates. This accomplishment is attributed to their property managers near Lewisville who are proficient in the local market trends and tenant relations. They have experience in handling different types of rental residential properties, such as townhouses, apartments, single-family houses, and condo units. Their services range from marketing vacancies to keeping track of all financial records throughout a lease agreement.

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.
4.2
Google
4.4 / 5 (13)
Yelp
4.5 / 5 (2)
Facebook
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
LEAP Property Management logo
Visit WebsiteWebsite

LEAP Property Management

215 Betchan Drive, Lake Dallas, TX 75065
Visit WebsiteWebsite
  • Leasing
  • Tenant Screening

Business Description

LEAP Property Management serves clients throughout the Lewisville metro area and provides a multitude of services to residential real estate investors. It manages both the physical and financial aspects of properties while acting as a liaison between landlords and their tenants. It creates financial reports each month that illustrate income and outcome and collects rent so landlords don't have to. If a unit is vacant, LEAP Property Management can market for new tenants and screen them to verify qualification.

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
4.2 / 5 (152)

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
Mosaic Realty logo
Visit WebsiteWebsite

Mosaic Realty

PO Box 561142, The Colony, TX 75056
Visit WebsiteWebsite
  • Maintenance
  • Marketing
  • Collection
  • Leasing

Business Description

Broker Mike Gonzalez heads Mosaic Realty, a firm based in The Colony that offers leasing and property management services near Lewisville. Gonzalez and his team of property managers furnish owners with comparative market analysis reports to help them determine the best rental rates. Mosaic Realty's other areas of expertise include providing representation for buyers and sellers, handling short sales, and giving broker's price opinions. The company's real estate professionals also advise clients on investment strategies and property tax protests.

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 (16)
North Texas Sanctuary Property Management logo
Visit WebsiteWebsite

North Texas Sanctuary Property Management

4364 Western Center Boulevard, Fort Worth, TX 76137
Visit WebsiteWebsite
  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening

Business Description

With over two decades of experience in property management, North Texas Sanctuary Property Management serves rental property owners and property investors in Lewisville. The company operates 24/7 to keep up with emergency repairs and provide access to financial reporting. The firm is built on the experiences, processes, and systems of four generations of property managers. Beyond property management services, the company also has a maintenance division that provides services in electrical, plumbing, HVAC, and appliance repair.

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
Straight Forward Property Management logo
Visit WebsiteWebsite

Straight Forward Property Management

5710 Watauga Road, Watauga, TX 76148
Visit WebsiteWebsite
  • Collection
  • Tenant Screening
  • Property Assessment

Business Description

Straight Forward Property Management is a team of property managers that assists clients in Lewisville. The firm helps property owners with tenant placement through services that cover applicant screening and rental marketing. Aside from this, the property managers handle rent collection and financial reporting, in which records can be accessed by clients 24/7 through an account portal. Rental homes are also inspected regularly by the team. Straight Forward Property Management has been managing properties for almost two decades.

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.
3.9
Google
4.1 / 5 (31)
Yelp
2.5 / 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.
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.

Read all FAQs