Overview
To help you in your search, we have compiled a list of the best property management firms in the United States based on research conducted by World Scholarship Vault.
Owners can hire a property manager if they don’t have the necessary skills or time to handle all the administrative tasks that come along with owning real estate. Maintaining the property is just one of many tasks that fall under the purview of a Top Property Management companies in the US, which acts as an intermediary between landlords and tenants.
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Learning what property management entails and what duties are expected of you is essential if you’re considering a career in this area.
This article will explain what a property management license is, list some of the best property management companies in the United States, and describe a typical day in the life of a property manager.
Top property management companies in the US
Greystar
Overall, Greystar is the best property management company because it goes “Beyond Expectations” for owners all over the world, provides a comprehensive suite of services, and takes a methodical, process-driven approach to maximizing efficiencies, decreasing investor risk, and maximizing performance and profit.
Thanks to the efforts of its leadership, Greystar has established a culture that prioritizes customer satisfaction and operates with an “owner’s mindset,” making it our go-to choice among property management companies.
Greystar, which has been in business since 1993 and is headquartered in Charleston, South Carolina, has expanded into 192 markets worldwide and now has $24 billion in global development assets.
As a full-service property management firm, the company provides amenities such as:
- Commercial Real Estate Activities
- Various Monetary Activities
- Large-scale insurance initiatives
- Procurement
- Academic instruction and study
- Advertising and public relations
- IT
Greystar is an expert in the management of senior living communities, multifamily buildings, student apartments, and adaptable office space.
How much you pay Greystar for property management depends on a number of factors, including the size and complexity of the property, its age and location, and the scope of services you require. The fees for tenant placement, vacancy, eviction, early termination, and maintenance are all up for negotiation, in addition to the monthly management fee and the initial setup fee.
Accounting and financial management, marketing and public relations, and legal and regulatory compliance are all tracked and reported on.
The Greystar Investor Portal allows building owners to track key performance indicators and view up-to-the-minute reports online.
Colliers International
Colliers International is a leading global provider of integrated property solutions, managing over 2 billion square feet of commercial real estate globally.
If you’re looking to invest in commercial real estate with as little risk as possible, Colliers is the way to go. More than 18,000 experts are employed by the company to manage $81 billion in assets across commercial properties in 63 countries. We feel confident recommending them as the best commercial property management company due to their extensive background and track record of success.
Colliers is an iconic name in the real estate industry, having started in Australia before expanding to the United States in 1978. The United States is the company’s most important market, out of its total of 63 worldwide.
The firm is well-versed in a wide variety of industries, including capital markets, landlord representation, project management, real estate management services, valuation and advisory, securities, mortgage, insurance, engineering, and design.
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Office, retail, industrial, hotels, healthcare, special purpose, and multifamily are just some of the commercial property types in which Colliers International excels. The company’s property management services cover all aspects of a building’s upkeep, from routine maintenance to emergency repairs to administrative tasks like lease management and financial reporting.
Colliers will present you with a customized proposal detailing the full scope of your costs, which are typically calculated as a percentage of the rent collected. Contract prices will vary depending on factors such as location, property size/occupancy, and the services required.
Many new technological platforms are now available to the company’s building-owner customers. Neighborhood Curated by Colliers is one such service, and it focuses on things like cyber security and community management in real time. Colliers360 is another option, and it offers comprehensive portfolio analysis.
Winn Companies
As far as we were able to tell, Winn Companies has the most comprehensive environmental programs of any property management firm we looked into.
Winn is the undisputed leader in environmental programs for property management, spending millions annually to bring communities clean energy to follow the framework of the U.S. Green Building Council’s LEED for Existing Buildings, in addition to providing new sustainable builds.
Since its founding in the 1970s, Winn has expanded to become a leading provider of property management services for a wide range of residential, commercial, and government projects. The company has the capacity to manage properties across the country and does so in 23 states and the District of Columbia at present.
When it comes to property maintenance, Winn prioritizes adhering to the most stringent ecological and social norms. Winn provides its services to a diverse range of structures, including commercial and residential properties.
Winn’s environmental expertise enhances the value of the buildings they manage beyond the scope of their operations, maintenance, leasing, and financial services. Winn, for instance, works to increase the efficiency of mechanical, lighting, building envelope, insulation, air sealing, boilers, ventilation, air conditioning, and water conservation systems in addition to solar programs and other energy retrofits.
Their fee structure is disclosed in their nondisclosure agreements with property owners.
In-depth reporting on a wide variety of topics is available from Winn. Winn conducts monthly audits, or more frequently if necessary, for its affordable housing clients to guarantee compliance and reduce risk. Owners can’t rely on a universal online platform to keep tabs on their properties, but one can be developed based on specific needs.
Lincoln Property Company
Lincoln Property Company is the best of the national property management firms in terms of the quality of the service they provide to their owners. The company has received several high-quality reviews on Facebook and an A from the BBB.
Lincoln Property Company doesn’t publish its prices online, but after making a quick phone call, we were able to ascertain that its rates are about par for the industry.
In addition, the company is pleased to assist you in managing your entire investment portfolio, whether it consists of cryptocurrency, stocks, or real estate.
BH Management Services
BH Management Services is the best option for anyone looking to rent single-family homes or other types of residential property. For over twenty years, the company has owned and managed a portfolio of multifamily residences.
Because of their extensive experience in the residential rental market, BH Management Services is an excellent choice if you own a portfolio of rental properties. In addition, the costs are fair, so you won’t have to forego too much profit.
However, there are some flaws in the business. Several reviews have mentioned that tenants have been dissatisfied with the fees they were charged both during their tenancy and at the end of their contracts.
CBRE
When it comes to managing commercial properties in the United States, few companies can compare in size and longevity to CBRE. Since its founding in the early 1900s, the company has perfected the art of managing commercial real estate, including office towers, shopping centers, and factories.
CBRE is a commercial property management firm that has been around for more than a century, so their prices are a little higher than those of discount competitors, but they provide superior service overall.
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The company’s resources allow for well-informed real estate investment decisions. Moreover, the company handles everything involved in relocating a client should the need arise.
Several drawbacks should be taken into account. In some cases, service providers have reported payment delays of more than 90 days. In addition, some clients have voiced concerns in writing about the company’s apparent deficiency in customer relationship management after being forced to repeatedly explain who they are and what they need from the company to a new customer service representative.
Apartment Management Consultants, LLC (AMC)
Our company, Apartment Management Consultants, LLC (AMC), is headquartered in Salt Lake City, Utah, but we manage properties in 30 different states.
It is a property management company that handles things like apartment buildings and condominium associations. Tenant management encompasses a wide range of activities, such as dealing with tenants, collecting rent, performing necessary repairs, and ensuring legal compliance. Leasing, advertising, and financial reporting are just some of the supplementary offerings from Apartment Management Consultants, LLC. The company’s primary goal is to maximize profits for the property owners. As of the year 2023, the firm’s 793 properties across the United States will be home to 248,844 people, and they will have employed 3,162 people. As of the year 2023, according to Apartment Management Consultants, LLC, 94.76% of the units in their portfolio will have tenants.
Pinnacle Property Management Services, LLC
A division of Cushman & Wakefield, Pinnacle Property Management Services, LLC provides property management services. The business owns 839 homes and two million square feet of retail space, and it employs 4,500 people. As of the year 2023, the property management firm that was established in 1980 has a presence in 32 different states.
In March of 2020, Cushman & Wakefield officially acquired Pinnacle of Dallas, Texas. Long-term profitability, complete transparency, and monthly accountability are priorities for Pinnacle Property Management Services, LLC. Pinnacle Property Management Services, LLC manages and maintains rental properties, as well as collects rent and addresses tenant complaints and issues. The business also takes care of the marketing and showing of rental properties, tenant screening, and evictions.
Asset Living
Asset Living combines their 36 years of industry experience with state-of-the-art technology to offer a comprehensive suite of services that set properties up for success. There are 13 main offices for a company that operates in 40 different states.
The year 2020 saw Asset Living expand its multifamily footprint in the Southwest through the acquisition of Shelton Residential. A later acquisition in the year, Alpha Barnes Real Estate Services, expanded the company’s offerings to include more reasonably priced property management. By acquiring City Gate Property Group, JMGRealty, and Echelon Property Group in 2021, Asset Living widened its service area to include the southwestern and southeastern United States. Ryan McGrath currently serves as CEO and President of the company.
Buildium
Unlike the aforementioned property management companies, Buildium focuses solely on software. That’s because there is no personal involvement in property management on the part of the company. Instead, it’s a piece of software made to assist you in the management of your property portfolio.
You can keep tabs on your investments whenever you like, from anywhere in the world, and use the software’s billing tools to get paid. This is the most cost-effective method of streamlining the property management procedure.
The software works great whether you’re renting out a single house or a large portfolio of residential and commercial properties.
Some landlords have complained about fraudulent chargebacks on rent payments and the company’s alleged lack of action to stop them. A lack of refund policies and the possibility of subpar customer service have also been cited as reasons to avoid this company.
FAQs
How Do I Choose a Good Property Management Company?
Look for a property management firm that has earned a solid reputation in the industry before committing to working with them. Management costs and other contract provisions should have been made more transparent. You should only work with management firms that have experience managing in your area and the necessary licensing to do so in your state. Pick a business with a well-defined process for resolving customer complaints.
Is a Property Management Company Worth It?
To most property owners, hiring a property manager is not only a good investment, but a necessity. An investor may not have the time or expertise to keep up with all of the regulations and upkeep needs associated with owning and renting real estate. The 8% to 12% of rent collected is more than fair compensation for the expertise and professionalism required when dealing with tenants and the trade skills necessary to keep the rental in good operating function.
How do you find a property management company?
The United States is home to thousands of property management firms, any one of which can be located with a quick online search. However, finding any company isn’t the same as finding the best companies to collaborate with.
All the companies on this list are worth considering if you need a reliable property management service. We have thoroughly investigated and vetted them, and we are confident in saying that they are among the best in the United States.
Conclusion
Many people rely on help from others when overseeing a rental property. By hiring a property management company, upkeep on your investment is streamlined. Therefore, many property owners consider this a necessary procedure.
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