Expertise.com

2024

Last updated:

Best Property Management Companies in Richardson

Our Recommended Top 3

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 Richardson 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.

24Reviewed

15Curated

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

433 Belle Grove Drive, Richardson, TX 75080

Expertise.com Rating

Review Sources

Google
4.6 (17)
Yelp
5.0 (1)

Why choose this provider?

PMI Star of Texas is a full-service property management company that serves residential properties, HOAs, and associations in the Richardson area. The property managers perform a pre-rental analysis, then market the property and screen potential tenants. They assist in contract negotiations, maintenance, rent collection and deposits, and accounting. The company provides 24/7 access to its online portal for property owners and renters. PMI Star of Texas has been featured on the Inc. 5000 and Entrepreneur Magazine.

  • Maintenance
  • Collection
  • Tenant Screening

2435 N Central Expy 1270, Richardson, TX 75080-2753

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

All County Metroplex Property Management assists property owners in Richardson and parts of North Dallas. The company helps clients make the most of their properties' potential, via services like rental property evaluation, property marketing, and tenant placement. Throughout the stay of the tenant, the company executes the lease, collects the rent, and assists in renewing the lease when needed. All County Metroplex Property Management provides maintenance solutions, property inspection services, and accounting for its clients.

  • Maintenance
  • Collection
  • Leasing

508 Centennial Blvd Ste 102, Richardson, TX 75081

Expertise.com Rating

Why choose this provider?

Go Property Managers works with commercial and residential property owners in Richardson and nearby locations. For over a decade, the agency has been helping clients develop and grow their wealth by providing property management solutions. Its services entail vacancy management, tenant screening, repairs and maintenance, and rental administration. It also offers valuations, consultancy, property syndication and management, facility management, and research services. Go Property Managers has over $29 million worth of local properties under its management.

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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