Looking for a property management company can be overwhelming, especially if you’re a property owner who has multiple investments in different states. With so many options available, it can be difficult to know where to start. We understand that leasing your properties to renters is a lot of work, which makes property management services a necessity.
How do you find the best property management company for your real estate investments?We’ve put together a comprehensive guide to help you find the perfect property management company near you.
What does a national property management company do?
A property management company manages a rental property on behalf of the owner. It handles everything from marketing the property, conducting a rental analysis, tenant screening, rent collection, and handling maintenance requests. Property managers are middlemen between the landlord and the tenant that ensure everything runs smoothly. Hiring a full-service property management company can help property owners for a variety of reasons:
- When you have a large portfolio and keeping up with tenant calls starts to feel like a full time job.
- When you need to find qualified tenants through a verified screening process.
- When you need 100% assurance that everything from tenant screening to the move-in process are done legally and according to local and federal regulations.
- Assists with showings, move-outs, maintenance issues, and other management needs that a single investment property owner cannot do alone.
- Offers peace of mind and freedom to investors so they can travel, live remotely from their investments, and live life without always being on call.
Finding a national property management company near me
Now you know what a property management team does, let’s help you find a good one near you. Here are the basic steps you can take to find a reputable residential property management service.
1. Ask for referrals: Word of mouth is still one of the best ways to find a reliable property management company. Ask other landlords or property owners what services they have been happy with. Satisfied clients will recommend a company that they have had good experiences with. These results speak for themselves and prove to be reliable sources.
2. Check online reviews: If you don’t know who to ask, you can always look for online reviews of property management companies. Websites like Zillow and Google are great places to start to find reviews from past and current clients.
3. Look for experienced companies: A qualified property management company typically has a lot of experience in managing properties similar to yours. You don’t necessarily need an old company either — what matters more is that the property managers on staff are experienced. For example, if you have a lot of single-family units, you’ll want a company that specializes in single-family property management.
4. Check their specialties: Different property management companies specialize in different property types and services, so it’s important to find one that fits your needs. For example, if you need help with tenant screening and rent collection for a large portfolio of single-family rental homes, then don’t pick a company that specializes in commercial units.
5. Compare quotes: It’s always advised to shop around for the best deal. National property management companies charge different rates and can even create custom quotes for larger portfolios. While 10% of the monthly rent is standard, other companies, like Marketplace Homes, sticks to 8% of the property’s monthly rent (with a $120 minimum) to offer some relief to its clients.
National Property Management Company Near Me
Whether you’re a homeowner ready to use equity to find their first investment or a seasoned investor with a large portfolio of single-family homes, Marketplace Homes Property Management can do everything from property marketing to screening prospective tenants on your behalf. We operate in over 30 states nationwide in a variety of markets. Let our team take care of the daily tasks while you enjoy the cash flow from this advantageous rental market.
Alicia Persson is a Content Strategist SEO writer at Marketplace Homes, utilizing previous years of experience on real estate teams that specialized in investments and property management. Before she joined Marketplace Homes, she was also a freelance writer for 7 years, leading to a specialization in real estate and home living content for boutique digital marketing agencies. During her writing years, she learned the basics of SEO and gained experience writing for many different clients, making her versatile at creating diverse content.
She is a proud University of Virginia master’s graduate and enjoyed her undergraduate years at the University of Mary Washington. When Alicia is not writing, she plays keytar and sings in a local 90’s rock cover band, or she spends time with her amazing family.