Expertise.com

2024

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Best Property Management Companies in Portsmouth

Our Recommended Top 12

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Portsmouth 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.

30Reviewed

22Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1728 Virginia Beach Blvd Suite 111, Virginia Beach, VA 23464

Expertise.com Rating

Review Sources

Google
4.3 (68)

Why choose this provider?

Limehouse Property Management works with clients in Portsmouth. It helps landlords handle the daily operations of their investment properties. The firm finds and screens potential tenants, collects rent on time, and takes care of repair and maintenance concerns. It enforces evictions and produces monthly reports on the property's financial transactions. Broker and property manager Jason Sampson has managed rental homes across Coastal Virginia. His company is part of the National Association of Residential Property Managers.

  • Maintenance
  • Marketing
  • Tenant Screening

10-B West Queens Way, Portsmouth, VA 23669

Expertise.com Rating

Review Sources

Google
4.2 (103)

Why choose this provider?

KRS Holdings is a property management company that serves clients in Portsmouth and the surrounding areas. It helps rental property owners in enhancing the value of their investments by providing property management services, such as leasing and marketing, tenant screening, and property maintenance. Its real estate agents manage more than 4,000 residential units, such as apartments, single-family homes, and townhomes. Owner Kyle Stephenson established the company in 2007 in response to his failure to find a property manager that could address his needs as a property owner.

  • Tenant Screening
  • Rent collection
  • Market Vacancies

4605 Pembroke Lake Circle Ste 01, Virginia Beach, VA 23455

Expertise.com Rating

Review Sources

Google
4.3 (143)

Why choose this provider?

PMI Virginia is a residential property management company serving the Portsmouth area. The company aims to turn vacant houses into income-producing investments by providing property management services and treating them like theirs. Its property management services include marketing, tenant screening, financial reporting, rent collection, and property inspection. PMI Virginia is co-owned by Patti Robertson, who has been a real estate broker since 1993. She is also the founder of the Hampton Roads Landlord Association and a member of the National Association of Residential Property Managers.

  • Tenant Screening
  • Property Inspection
  • Rent collection

681 N. Battlefield Blvd Unit L, Chesapeake, VA 23320

Expertise.com Rating

Review Sources

Google
4.6 (129)

Why choose this provider?

Keyrenter Property Management Hampton Roads provides its services across Portsmouth and the surrounding cities. It caters to clients needing assistance in handling their real estate investments by offering property management solutions. These solutions include leasing agreements, tenant screening, property marketing, move-out inspections, and rent collections. Its team also handles accounting services involving e-payments and year-end tax filings. Its owner, Rodney Fentress, has served as a law enforcement officer and United States Marine before establishing the company.

  • Tenant Screening
  • Screen new tenants

819 W21st, Ste. 100, Norfolk, VA 23517

Expertise.com Rating

Review Sources

Google
4.6 (22)
Facebook
5.0 (9)

Why choose this provider?

ProActive Real Estate Services works with home buyers, sellers, landlords, and tenants in and around Portsmouth. Whether clients are planning to reside in Norfolk, Suffolk, or Virginia Beach, its team assists them through the process of purchasing residential real estate. The agents also provide property management services for rental homeowners. They conduct inspections every six months to check how tenants are maintaining properties. Agency co-owner Gary Layne, who is a real estate investor himself, has more than 35 years of industry experience.

  • Property Inspection
  • Property Maintenance

Portsmouth, VA 23704

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

First Providence is a full-service property management company serving clients in Portsmouth and the surrounding areas. It offers property management services for landlords who own single-family residences and investors with a real estate portfolio. Its managers relieve clients from the burden of landlord responsibilities by conducting property maintenance and repair, tenant selection, rent collection, and eviction protection. They also assist families dealing with military or corporate relocation. First Providence is a licensed brokerage in the state of Virginia with over three decades of industry experience.

  • Community Management
  • Screen new tenants

900 Commonwealth Pl #200-311, Virginia Beach, VA 23464

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Reaves Property Management works with clients seeking to protect their assets in and around Portsmouth. Its sole proprietor, Robert Reaves, personally manages properties such as single-family residences, condominiums, and townhouses. His services include dealing with tenant matters, collecting rent payments, handling maintenance and repair requests, and screening and selecting new lessees. He also guides clients throughout the entire rental process and application. Reaves has been in the industry for more than 15 years. He is a member of the NARPM.

  • Property Inspection
  • Property Maintenance

770 Lynnhaven Pkwy, Ste 110, Virginia Beach, VA 23452

Expertise.com Rating

Review Sources

Facebook
5.0 (284)
Google
4.5 (269)

Why choose this provider?

Lonnie Bush Property Management serves clients in the Portsmouth metro, aiding owners and landlords in finding qualified lessees through market analyses and tenant screening. Its property managers also oversee MLS listing, online rental marketing, lease drafting and enforcement, routine property upkeep and inspection, and rent collection. In addition, they address tenant issues, maintain relationships with them, and help those looking for new rental places. Lonnie Bush has been in the property management industry since 1999.

  • Tenant Screening
  • Property Inspection
  • Property Assessment

4940 W Norfolk Road, Portsmouth, VA 23703

Expertise.com Rating

Review Sources

Google
4.6 (24)
Facebook
5.0 (16)
Yelp
3.0 (2)

Why choose this provider?

Warrant Realty is a full-service company serving investors, home buyers, sellers, and renters in Portsmouth. With over three decades of collective property management experience, its agents assist individuals possessing one or several units for lease and strive to connect the right people with the right property. It also helps in relocating active-duty soldiers. Founded in 2013, Warrant Realty helps set the right rental price, market and advertise properties, find and manage tenants, collect and deposit rent, oversee maintenance projects, and comply with housing regulations.

  • Rent collection
  • Property Maintenance

11864 Canon Blvd, Suite 112, Newport, VA 23606

Expertise.com Rating

Why choose this provider?

Property Management by Garrett serves residents and rental property owners in the Portsmouth area. The company offers property advertising, tenant application processing, repair, and maintenance supervision, in addition to administrative services. It also manages listings of available rental properties in the area for prospective lessees. The company provides a secure online portal for both tenants and landlords. The former can electronically pay rent and submit maintenance requests, while the latter can view their financial statements, access several shared documents, and set up online payment options.

  • Property Inspection
  • Property Maintenance

11837 Rock Landing Drive Suite 103, Newport News, VA 23606

Expertise.com Rating

Review Sources

Google
4.7 (460)

Why choose this provider?

RedSail Property Management is a locally owned company that serves property owners in Portsmouth and the surrounding areas. It offers various services, including property inspections, marketing, tenant screening, rent collection, eviction, and maintenance coordination. Its team also handles the financial aspects of property management through monthly reporting and works to make the property legally compliant. In addition, it provides viewing options, such as virtual tours, in-person showings, and self-guided tours. The company is a member of the National Association of Residential Property Managers.

  • Community Management

517 Baylor Ct, Chesapeake, VA 23320

Expertise.com Rating

Review Sources

Facebook
5.0 (1)

Why choose this provider?

Re/Max Prime is a full-service property management company serving the Portsmouth community. The company aims to meet owners' and renters' specific needs by providing individualized attention. Its management services include marketing, maintenance, rent collection, and financial reporting. It also offers property selling, buying, and renting. Re/Max Prime is owned by Ron Sawyer, who has been in the industry for 11 years. He received a Circle of Excellence award from the Hampton Roads Realtors Association and has been ranked among the top 1% of agents nationwide.

  • Tenant Screening

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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