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Property Management Companies
List of Property Management Companies in the US
Property management companies play a key role in helping property owners oversee, maintain, and grow the value of their real estate assets. This page provides a nationwide directory of property management providers, making it easier for landlords, investors, and homeowners to compare services, explore specialties, and find the right partner. Whether you manage a single rental home or a large portfolio, this guide offers an overview of what property management companies do and what you can expect when hiring one.
Services Offered
- Tenant Placement: Marketing the property, screening applicants, coordinating showings, and securing qualified tenants.
- Rent Collection: Handling monthly rent payments, enforcing late fees, and managing financial records.
- Maintenance & Repairs: Coordinating routine maintenance, responding to repair requests, and working with vetted contractors.
- Property Inspections: Conducting move-in, move-out, and periodic inspections to ensure the property remains in good condition.
- Lease Management: Drafting, renewing, and enforcing leases while ensuring compliance with local laws.
- Accounting & Reporting: Providing income statements, expense tracking, tax documentation, and owner portals for transparency.
- Eviction Coordination: Managing the eviction process when necessary, including notices, documentation, and legal coordination.
- Marketing & Advertising: Creating professional listings, arranging photography, publishing on rental platforms, and optimizing exposure.
- Compliance & Legal Guidance: Helping property owners follow state and federal housing laws, safety standards, and fair housing regulations.
Licensing & Requirements
Property management licensing requirements vary by state. In most U.S. states, property managers who conduct leasing activities, handle rent payments, or negotiate leases must hold a real estate license. A few states require a specific property management license or broker license, while others have minimal or no licensing requirements. Some companies also maintain professional certifications—such as IREM’s CPM (Certified Property Manager) or NARPM’s RMP/MMP—which signal additional training and industry knowledge. Owners should always confirm local requirements when hiring a property management company.
How to Choose a Property Management Companies
Selecting the right property management company depends on your goals, property type, and expectations. Compare companies based on:
- Experience with properties like yours (single-family, multifamily, condos, commercial).
- Pricing structure and transparency.
- Responsiveness and communication style.
- Online presence and reliability (reviews, ratings, professional website).
- Maintenance process (in-house team or outsourced contractors, approval requirements).
- Technology tools (owner portal, digital payments, reporting).
- Compliance knowledge including local landlord-tenant laws.
Questions to ask:
- How do you screen tenants?
- What fees should I expect beyond the monthly management fee?
- How do you handle maintenance requests and emergencies?
- What is your average vacancy time?
- Can I cancel the contract if I’m not satisfied?
Common pitfalls to avoid:
- Choosing the lowest price without evaluating service quality.
- Not reviewing the management agreement in detail.
- Hiring companies that lack experience with your specific property type.
Typical Costs
Costs vary widely depending on location, property type, and service level, but the ranges below reflect common U.S. pricing:
- Monthly Management Fee: Typically 6%–12% of the monthly rent.
- Tenant Placement / Leasing Fee: Often 50%–100% of one month’s rent.
- Lease Renewal Fee: Usually $100–$300 or a small percentage of rent.
- Maintenance Markup: Some companies add a 5%–15% markup on contractor invoices.
- Vacancy Fee: Some charge a small fee during vacant periods; others do not.
These numbers are for general reference only and may vary by market and company structure.
Frequently Asked Questions
Most property management companies charge between 6% and 12% of the monthly rent, plus potential additional fees for tenant placement, lease renewal, or maintenance coordination. Fees vary by state, market demand, and services included.
They handle day-to-day operations of rental properties, including tenant placement, rent collection, maintenance, inspections, lease management, and compliance with housing laws. Their goal is to protect the property and streamline operations for the owner.
In addition to the monthly management fee, companies may charge for leasing, renewals, eviction processing, marketing, or maintenance coordination. Each company structures pricing differently, so reviewing the contract is essential.
Many property owners find them worthwhile because they save time, reduce stress, and help maintain consistent occupancy and cash flow. They can also help avoid legal issues by keeping properties compliant with local regulations.
Most companies operate under a management agreement that outlines responsibilities, fees, and procedures. They act on behalf of the owner to manage tenants, collect rent, coordinate repairs, and ensure the property runs smoothly.
Revenue varies widely based on portfolio size, market, and services provided. Companies may manage anywhere from a few dozen to thousands of units, with income tied to monthly fees, leasing fees, and value-added services.
Regulation occurs at the state level, typically through real estate commissions or licensing boards. Federal laws such as fair housing regulations also apply, and certain activities may require real estate or broker licensing.
Estimates vary, but there are tens of thousands of property management companies across the United States, ranging from small local firms to large national providers.
Generally, repair costs are billed to the property owner. Property management companies coordinate the work but do not pay for repairs themselves unless specified in the contract. Some may advance funds temporarily and deduct the expense from rent.
Yes. Most companies assist with the eviction process, including notices, paperwork, and coordination with legal professionals.
Many companies allow it, though some prefer using approved vendors. Policies vary, so discuss it during onboarding.
Yes. Property managers do not replace landlord insurance; owners remain responsible for carrying appropriate coverage.