The Best Property Management Companies in Vancouver, Washington of 2022 - (2023)

The Best Property Management Companies in Vancouver, Washington of 2022 - (1)

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4 Elements Property Management LLC

2000 East Laurel Place Vancouver, WA 98661

4 Elements Property Management LLC is a residential property management group that serves the Vancouver area. Properties are well maintained with expert repair contractors and landscapers, keeping homes beautiful and in great shape. After-hours emergency services are available as well as reliable and regular maintenance services. Residents can use the online portal to quickly communicate with their landlords as well as securely pay bills, with rent proceeds being transmitted directly to owners' bank accounts. Owners are able to utilize the services with a clear fee schedule so they are never hit with surprise management fees....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (2)

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Blue Key Property Management Inc

7017 NE Highway 99, Suite 216 Vancouver, WA 98665

Serving Vancouver, Washington, and Portland, Oregon, and surrounding cities, Blue Key Property Management offers investors premium management services with its extensive local real estate market knowledge and dedication to prompt, quality services. All types of residential communities are welcome at Blue Key, from single-family homes to condominiums and apartment buildings. People looking for a new home can view the detailed listings online complete with professional photographs that outline the best features of properties to intrigue renters. All maintenance and repair needs are met in-house with the company's team of trusted contractors, and tenants can easily request maintenance services using the secure online portal. Rent can also be paid online, and monthly payments are deposited directly into owners' accounts....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (3)

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Columbia Commercial LLC

9120 NE Vancouver Mall Loop, #210 Vancouver, WA 98662

Columbia Commercial, LLC works with Property Owners to manage their portfolio of properties. Our company focuses our efforts in SW Washington and manages Office Buildings, Retail Strip Centers, and Light Industrial Business Parks. Our job is to administer the provisions of a Lease and to provide the most cost-competitive solutions for the Owners and Tenants. We establish open communication with Tenants and have a proactive approach to problem solving within the properties we manage. As a result, we are able to address and solve issues quickly. We welcome the opportunity to work with any Commercial Building Owner and we always consider how we can add value to the Property, the Owners, and Tenants. We would like to meet with you, if you are interested, and discuss how we can add value to your property....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (4)

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Dove Property Management

15609 SE Mill Plain, #300 Vancouver, WA 98684

Property owners in the Vancouver and Clark County area can rely on Dove Property Management to handle their investments with a focus on providing quality services for all aspects of leasing. Speedy communication is the cornerstone of Dove's philosophy and the helpful leasing staff is always available to handle new applicants and existing tenants to ensure properties are well maintained and rents are collected on time. Income received is direct deposited into owners' banks, and all accounting is handled by the in-house financial experts who provide monthly statements as well as year-end tax reporting documents. Any repair needs are handled by the maintenance crew, and a 24/7 emergency line is available in the event of an after-hours property issue....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (5)

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EKM Property Management

Vancouver, WA 98662

EKM Property Management provides a full menu of residential management services to provide investors with peace of mind about their properties and give tenants a good rental experience. Properties are advertised to local renters online with professional photos and descriptions that pique the interest of prospective tenants. All inquiries are managed by the friendly leasing team at EKM, who are dedicated to prompt communication to fill vacancies quickly and ensure a happy tenant-landlord relationship. Applications can be downloaded from its website and sent into the office, where an in-house leasing specialist performs background and credit checks to help find the most qualified residents. Ongoing maintenance needs are provided and emergency services are available in the event of after-hours property issues....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (6)

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G & G Property Management Inc

3813 H Street Vancouver, WA 98663

Serving the Vancouver area since 1989, G & G Property Management has a full menu of first-rate residential and commercial property services. Single-family homes and large buildings including condos are all well-handled by the professional team at G & G, who work diligently to ensure prompt communication and efficient service. The company's long-term standing in the community means it has the knowledge needed to ensure all local and federal regulations are followed and the best rates for rent are charged. Properties are advertised across a variety of platforms, and tenants can search the professional listings offered on the company website. New renters can use the website to apply for a home, and existing tenants can submit work orders for needed repairs online....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (7)

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Ginn Property Management

11202 NE 20th Street Vancouver, WA 98684

Ginn Property Management offers Clark County area residents professional residential management for single-family and multifamily homes. Tenants can view gorgeous photography of properties on the website which also features a secure tenant portal where renters can pay their rent online. Homes are maintained beautifully with the help of trusted local contractors, and residents are treated to updated appliances and other convenient amenities in their community. On-call maintenance experts are also available to renters in case of any after-hours emergencies. Ginn also offers real estate services, helping investors buy and sell their properties with a team of efficient and friendly brokerage specialists. In addition to marketing and managing properties, the team helps investors build new projects from the ground up....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (8)

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GMLC Property Management

3510 Kauffman Avenue, #E Vancouver, WA 98660

GMLC Property Management provides exceptional management services to Clark County properties with nearly 30 years of experience. The owners portal uses the latest technology to provide investors with prompt communication and access to all records, including financial statements, property status, proof of renters insurance and rent payments. Tenants can securely pay their rent online and request maintenance services from the tenant portal or reach out for 24/7 emergency services. As a member of the Clark County Rental Association, this team has proven its dedication to providing top-notch services from a full menu of offerings, including advertising and maintenance as well as ongoing communications with tenants....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (9)

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Invest West Management

12503 SE Mill Plain Boulevard, Suite 260 Vancouver, WA 98684

Invest West Management offers premier residential property and HOA management services to Vancouver and the surrounding area. In business since 1976, the expert team of leasing agents and financial accountants have served properties from small single-family homes to large apartment buildings in all areas of leasing. Its industry-specific knowledge helps owners learn the best practices for managing their properties including determining a fair rent rate and adhering to all local and federal housing laws. The free rental analysis is offered to interested investors who can then utilize the companies dynamic marketing campaign to reach the most prospective tenants and fill vacancies quickly. The friendly in-house staff managing all new and ongoing tenant communications....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (10)
(Video) Why Property Managers Love Latchel & The Benefits of Our Property Management Software

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Key Property Services, Inc.

7710 NE Greenwood Drive, Suite 150 Vancouver, WA 98660

Serving the greater Clark County area for over 30 years, Key Property Services, Inc., provides exceptional property management to investors and is a fully licensed brokerage firm happy to help buy and sell homes as well as rent them. Online access to owners and tenants offers convenience and prompt communication. Owners can easily access their monthly and annual financial statements as well as maintenance logs and the status of ongoing repairs. Tenants can browse listings online and easily apply as well as pay their bills and request maintenance online. Preventative maintenance services are also provided to keep rentals looking great....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (11)

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Northwest Management Exclusive Inc.

11715 NE Crestwood Drive Vancouver, WA 98684

Northwest Management Exclusive Inc. manages hundreds of residential properties in Clark County, Washington. Using industry-leading software, the professionals at Northwest are able to quickly communicate with current and new tenants as well as owners, providing up-to-the-minute financial and maintenance reports. New tenants are able to find homes through many realty websites including listings featured on the company website. Ongoing maintenance plans are created based on each individual property's needs, and the expert repair crew is available around the clock to keep homes in great shape. Tenants can use the website to conveniently report maintenance issues and emergency services for after-hours repair needs. ...Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (12)

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Personal Property Management & Consulting LLC

301 E. McLoughlin Boulevard Vancouver, WA 98663

Personal Property Management & Consulting LLC provide Vancouver residents and real estate investors with professional property management services. Client relationships start with an in-house rental evaluation to determine the best marketing strategy and fairest rent to charge. Properties are then inspected and advice is given for needed improvements and an appropriate maintenance plan is created. New tenants are discovered with an immersive advertising campaign that brings in the most qualified residents. In-house background and credit screenings are completed for every applicant and leasing documents are prepared and gone over with tenants by the friendly leasing agents. Ongoing communication is handled by the leasing team, who are dedicated to prompt responsiveness....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (13)

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Premier Property Management Inc

1401 SE 163rd Avenue Vancouver, WA 98683

Investors in Southwest Washington, including all of Clark County, can reach out to Premier Property Management for help renting out their residential properties. Prospective renters are able to easily find a home with the company's professional leasing website, which features a secure online portal where people can apply for tenancy. It also allows tenants to submit requests for maintenance services and pay their bills. Rent payments are direct-deposited to owner's accounts and financial statements are provided every month, and can easily be accessed through the convenient online owner portal. Routine maintenance of properties is handled by the expert contractors and repairmen, and any emergencies can be handled at a moment's notice with the company's quick-response repair team....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (14)

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Proactive Property Management

4200 SE Columbia Way, Suite F Vancouver, WA 98661

Proactive Property Management offers Vancouver real estate investors professional management for their rental homes. People looking to rent can use the professional website to view available listings, and current tenants are able to securely pay their rent bill online. The financial experts at Proactive create carefully prepared account statements and are available to assist with financial reconciliation as well as give year-end tax reporting documents. New tenants are screened for sufficient credit and rental history, as well as clean backgrounds during the application process. The friendly leasing team assists owners by creating and signing leases with tenants as well as handling all ongoing communications such as maintenance requests. The team's network of trusted contractors provides routine maintenance as well as cost-effective emergency services in the event of a critical after-hours repair, ensuring properties are always looked after....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (15)

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Quantum Residential

601 E 16th Street Vancouver, WA 98661

Since 1969, Quantum Residential has provided the Pacific Northwest with superior property management services for 50 years. We are headquartered in Vancouver, Washington, with satellite offices throughout the region. Quantum is a third-party property management company specializing in large multifamily properties.Our family of communities include management of over 6,500 units at 80+ properties throughout Oregon and Washington, and are licensed with the Oregon Real Estate Agency. Quantum has been an Accredited Management Organization (AMO) with the Institute of Real Estate Management (IREM) since 1984, making us one of only 554 firms in the United States with this accreditation....Read More

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The Best Property Management Companies in Vancouver, Washington of 2022 - (16)

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Real Property Management Services

5620 NE Gher Road, Suite H Vancouver WA 98662

Real Property Management Services (RPM) has provided excellent management services to the Southwest Washington area including Clark County since 1987. RPM Services is trusted for its commitment to excellent communication and pristine maintenance of its clients' real estate holdings. The business handles all aspects of rental management, from credit and background checks of potential tenants during the application process to rent collection and routine and emergency maintenance of the property. Owners, tenants and homeowners association members can use the secure website to view their account information and pay rent and maintenance bills in addition to contacting the friendly leasing team for any other needs. RPM Services is a member of many realty associations, including the Clark County Rental Association. ...Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (17)

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Real Property Management Vancouver

15640 NE 4th Plain Road, Suite 112 Vancouver, Washington 98682

Residential property owners in Vancouver trust Real Property Management to manage their real estate holdings with a focus on maximizing income and providing excellent customer service. As the largest property management company in North America, this group has collected a number of recognitions including being mentioned in publications such as Reuters and The Wall Street Journal. One of the core tenets to the premier services offered here is the dedication to prompt communication, made easy with the use of industry-leading technology on the company's secure website. Owners and tenants are able to access financial statements and pay bills online as well as view and submit maintenance requests to the group's proactive repair team. ...Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (18)

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RealVest Corporation

205 E 11th Street, Suite 200 Vancouver, WA 98660

Investors throughout Washington and Oregon can use RealVest Corporation to manage their residential and commercial properties. The expert leasing agents at RealVest are dedicated professionals that focus on creating beautiful communities for their tenants by maintaining properties in perfect condition as well as providing philanthropic services to the larger community. In addition to residential management of multi- and single-family homes, the team is trusted by hotel and storage facility owners to provide worry-free management of their properties. Renters can use the professional website to search through available listings complete with beautiful photography, and current residents can securely pay their rent online or request needed maintenance services....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (19)

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Sunworld Group

9901 NE 7th Avenue, Suite C119 Vancouver, WA 98685

Serving Vancouver area investors as well as Longview, Sunworld Group offers full-service residential property management for single and multi-family homes in addition to HOA and condo associations. All tenant relations are handled by the courteous leasing staff. Properties are well maintained by Sunwood's crew of trusted contractors that are available for routine maintenance and 24-hour emergency repairs. Clear photos and concise descriptions are used in this company's listings to attract a wide selection of renters, who are carefully screened with background and credit checks to help ensure they are responsible tenants. All document preparation and lease signing are handled in-house, and assistance is readily available when tenants need help or are late in paying rent....Read More

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The Best Property Management Companies in Vancouver, Washington of 2022 - (20)

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The Phillips Group Inc.

310 West 11th Street Vancouver, WA 98660

Owners of residential and commercial property including office and retail service can contact The Phillips Group Inc for help managing their tenants and keeping their properties in great shape. The full-service management package includes maintaining properties and tenant relationships with a focus on timely communication. The expert maintenance team is available to respond to property needs, during the day and after-hours with its emergency maintenance solutions. Extensive repair needs and property improvements are coordinated by the leasing team with a network of contractors who provide top-tier service at reduced client rates. Serving the area for over 30 years, The Phillips Group has extensive knowledge about the Vancouver area and is happy to help investors by advising the best rental rates, determined after its free initial rental evaluation. ...Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (21)

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Utmost Property Management

1905 SE 192nd Avenue, Suite 203-B Camas, WA 98607

Serving Vancouver as well as Camas and surrounding areas, Utmost Property Management is a premier residential management company that focuses on maximizing return-on-investment for owners with up-front and consistent pricing in addition to providing a healthy place to live for residents. New tenants are screened carefully using a series of background checks performed in-house by the friendly leasing agents, who also go over all initial and ongoing documents with residents such as lease creation. Residents can use the secure website to pay their rent bills and request maintenance online as well as read the company's handy move-in guide available on the site to help make their experience as smooth as possible....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (22)

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Wise Move Property Management

310 NE 5th Avenue Camas, WA 98607

Wise Move Property Management offers Clark County superior management services for owners of residential properties. A free rental analysis is easily completed online to help investors discover the true value of their properties, and the leasing team here has the local industry knowledge to advise owners of the best rental rates. Services here are priced at reasonable and honest rates with a detailed fee structure available on the company's website, with a variety of plans to provide owners flexibility as well as value. Maintenance services including 24/7 emergency help are available as well as full-service packages that provide ongoing scheduled services to keep properties in beautiful condition....Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (23)

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YQC Properties LLC

1004 NE 112th Ave. Vancouver WA 98684

Your Quality Control Properties LLC (YQC) is a Vancouver-area residential management company that is dedicated to offering prompt and reliable services to real estate investors and their tenants. Serving the area since 2008, the expert leasing team here has the local knowledge needed to effectively find tenants by listing properties across a wide range of outlets, both across the local leasing market as well as from their professional leasing website. The leasing professionals specialize in turning around properties that have been performing at less than their prime potential, helping owners with any needed repairs and maintenance. YQC is a proud member of many associations such as the Washington Renters Association and is a BBB certified company...Read More

The Best Property Management Companies in Vancouver, Washington of 2022 - (24)

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(Video) Property Manager VS Property Assistant - WHAT'S THE DIFFERENCE?!

Zenith Properties NW LLC

1498 SE Tech Center Place, #170 Vancouver, WA 98683

Zenith Properties NW provides the Vancouver area with a wide range of professional residential and commercial property management services. The company also employs a team of fully licensed real estate brokers. Clients can start their experience at Zenith with a free rental analysis, which helps owners realize the full income potential of their properties and charge the fairest rent rates. Owners and tenants can utilize speedy communications and convenient bill payment capabilities through the secure web portal, which features a series of FAQs and other material for clients and renters. All aspects of the leasing process are handled by the friendly crew at Zenith, from advertising to maintenance and all tenant interaction....Read More


How do I choose a good property manager? ›

7 Top Tips In Choosing A Property Manager
  1. Check out the local players first. ...
  2. Check their qualifications. ...
  3. Get references from other landlords. ...
  4. Ask them about their past experiences. ...
  5. Ask about their services. ...
  6. Ask a lot of questions. ...
  7. Pick the best manager, not the cheapest.
15 Jul 2016

Who is the largest property management company? ›

Greystar Real Estate Partners:

With more than 415,000 units under management, Greystar Real Estate Partners is by far the largest property management company in the United States.

What does a property management company actually do? ›

It is the job of a property management company to help you achieve the best financial return on your property. To do this they need to ensure that your property has quality tenants in place, paying rent, as quickly as possible. This means they will work hard to help you get your property ready for the rental market.

How do I become a property manager in Washington state? ›

How to Become a Property Manager in Washington
  1. Step One: Complete Pre-Licensing Education. ...
  2. Step Two: Pass the Washington Real Estate Broker Exam. ...
  3. Step Three: Submit Your Application. ...
  4. Step Five: Get a Job with a Licensed Property Management Company.

How do I choose a rental manager? ›

When you are interviewing your property manager don't be afraid to ask for previous management experience and references from owners of other properties they manage. This company will be in charge of your entire property investment, and you want to make sure they are equipped to handle the responsibility well.

How do I find a good property manager in Australia? ›

While there is the option of managing the property yourself, many investors choose to utilise the services of a professional property manager.
7 indispensable tips for finding a property manager
  1. Look locally. ...
  2. Do your research. ...
  3. Rely on word of mouth. ...
  4. Ask questions. ...
  5. Find out what services they offer. ...
  6. Compare communication.
25 Feb 2022

Who owns AMC property management? ›

Apartment Management Consultants, LLC (“AMC”), was founded in 2000 by Greg Wiseman. Greg began his career in multi-family property management as a leasing agent for a single property and quickly worked his way up to management over portfolios of more than 5,000 units.

Who are Greystars competitors? ›

Greystar's competitors and similar companies include Brookfield Property Partners, FirstService, NCC and Savills. Greystar is a property developer, investor, and manager of build-to-rent multi-occupancy buildings.

Who is the largest multifamily company? ›

Greystar Real Estate Partners

What is a property manager's first responsibility to the owner? ›

Collecting rent every month is a landlord's most basic responsibility. As such, it's usually among the first responsibilities that a landlord delegates to a property manager. Aside from collecting rent, property managers can also be useful in three other aspects. One, they can help you set the right rent.

How does a property management company make money? ›

Some management companies charge a flat fee, while most charge a percentage of the collected rent — usually between 7-10% of the rent amount. However, even this is not so cut and dry. Some management companies charge a management fee every month regardless as to whether the property is tenant occupied or not.

Do I need a business license to rent my house in Washington state? ›

The activity of renting or leasing real property (residential dwellings, land or commercial buildings) requires a business license.

What's the experience requirement for a Washington managing broker? ›

In order to become a managing broker in Washington state you must have three years of full-time experience as an active broker or other qualifying experience.

Do you need a license to wholesale real estate in Washington? ›

Do you need a real estate license? You don't have to have a license if you're the person named in the buyer's contract. Real estate professionals collect a commission on property sales for facilitating the deal but are not named on the sales contract as a buyer or seller.

Why should you use a property manager? ›

A property manager will save you a lot of time and effort involved in managing your property. They can access a pool of potential tenants and find some for you more quickly. They can also access the financial and rental histories of tenants. They can have an extensive knowledge of the local area.

Do property managers find tenants? ›

Potential Pros. If you've been having a hard time filling your properties because you don't have the time or resources to devote to finding the right tenants, hiring a property management company makes sense. They have the skillset, knowledge, and resources needed to find tenants for empty properties.

How much do property managers charge NZ? ›

Fees. Property managers typically charge on a commission basis. According to the Independent Property Managers Association, the average commission is 8.5 percent of gross rent. On top of this, there are usually charges for advertising the property, credit checks on prospective tenants and sundry other items.

What is Bob faith net worth? ›

Greystar's CEO and chairman, Bob Faith, has a personal net worth of roughly $900 million. Despite this wealth, Greystar has evicted hundreds of families during the pandemic, while the vast majority of Coloradans struggled to pay their rent.

How many property management companies are there in the United States? ›

As many as 326,000 property management companies are registered in the United States. The national industry employs over 911,500 workers, excluding self-employed managers.

Is Greystar a public company? ›

Greystar Real Estate Partners is an international real estate developer and manager based in the United States. As of April 2019, Greystar had $32 billion in gross assets under management, and operated in nine countries in 2022.
Greystar Real Estate Partners.
TypePrivate company
Number of employees14,000 (2018)
7 more rows

Who owns most rental properties? ›

In fact, 72.5% of single-unit rental properties are owned by individuals, while 69.5% of properties with 25 or more units are owned by for-profit businesses. Most rental properties are owned by individuals, but only a small share of individuals own rental property, according to IRS income-tax data.

Who owns the most multi family properties? ›


Who owns the most apartments in America? ›

NMHC 50 Largest Apartment Owners
Owner Rank 2020Owner Rank 2019Units Owned 2020
Historical Data Regions of Operation Coroporate Officer(s) H. Eric Bolton, Jr. Company Website Other Lists Top Manager 2020 Housing Units Breakdown Market rate units 100,031
45 more rows

What are three duties of a property manager? ›

Property manager responsibilities include setting and collecting rent, handling maintenance requests, filling vacant units and potentially setting the budget for the property. Property managers often take care of property that real estate investors either do not live near or do not wish to personally manage.

What is the most important role of a property manager? ›

The most obvious function of a property manager is to find tenants for your rental property. The property manager will handle showings to interested renters, perform credit checks and reference checks on applicants, and coordinate the move-in process.

What are the three components of property management? ›

The 'Three Cs' of Property Management: Communication, Connection and Comradery. Being part of a community is an important factor when renters choose a building to call home.

How much do property managers charge per month? ›

Most property management companies charge a monthly fee of between 8% – 12% of the monthly rent collected. If the rent on your home is $1,200 per month the property management fee would be $120 based on an average fee of 10%.

What is a property manager's overriding responsibility? ›

As long as the goals of the owner are reasonable, ethical, and lawful, essentially the property manager seeks to. achieve the objectives of the property owners; generate income for the owners; and. preserve and/or increase the value of the investment property.

What does a residential manager do? ›

A residential manager coordinates and oversees all activities that happen in a residential building. They work with their employers to market their apartments and ensure all the occupants qualify to be in the building. They are often the face of the building and also manage the financials of the residential building.

Can you get rich as a property manager? ›

And while it's true that a property management company is an expense, it's still very possible to make a profit while employing one. Best of all, what you're letting go of in money you could be making up for in service quality, convenience, and workload.

How do property managers make more money? ›

How to Make More Money as a Property Manager
  1. Increase the rent. ...
  2. Manage multiple rental properties. ...
  3. Leverage technology. ...
  4. Offer additional services. ...
  5. Cut down expenses. ...
  6. Get a real estate agent license. ...
  7. Add value to rental properties. ...
  8. Market effectively- both to tenants and to clients.
21 Jan 2020

How can I make my property management more profitable? ›

7 Ways To Simplify Property Management To Increase Profits
  1. Keep Your Accounting Simple. Good accounting is the backbone of any successful company. ...
  2. Don't Get Involved With Dilapidated Buildings. ...
  3. Automate Collections. ...
  4. Buy High Quality Fixtures. ...
  5. Stay On Top of Maintenance. ...
  6. Screen Your Tenants. ...
  7. Stay Connected.

What are top 3 skills for assistant property manager? ›

Assistant Property Manager Qualifications/Skills:

Excellent communication and interpersonal skills. Detail oriented and highly organized. Strong customer service skills. Skilled in time management and the ability to prioritize tasks.

What are property management strategies? ›

7 Property Management Strategies That Will Grow Your Business
  • Reduce unnecessary hiring. ...
  • Protect property managers' time. ...
  • Focus on onboarding new clients. ...
  • Contact absentee owners. ...
  • Reach out to probable buy and hold investors. ...
  • Prioritize SEO as a key marketing strategy. ...
  • Invest in paid SEM.

How do property managers get organized? ›

  1. Make communication a core competency. ...
  2. Successful property managers do not procrastinate. ...
  3. Get up to speed and stay current on all things related to property management. ...
  4. Positive attitude. ...
  5. Develop a system to find the right tenant. ...
  6. Be a forward thinker. ...
  7. Have a long-term strategy and set goals. ...
  8. Be decisive.

What is an annual budget that includes income and expenses? ›

An annual operating budget, by definition, is a statement of expected revenues and expenses over twelve months.

Why should we hire you property manager? ›

It can be a full-time job to collect rent payments, track late fees, respond to complaints and repairs, "make ready" a property for new tenants, find quality vendors, and deal with poor tenant selections.

What are the responsibilities of an assistant property manager? ›

  • Inspect property conditions and coordinate maintenance activities.
  • Manage budgets, accounts, rent collections and tenant notices.
  • Create and distribute marketing materials to attract new tenants.
  • Maintain organized and updated resident files and records.
  • Report any problems or issues to the property manager.

What are the roles of an assistant property manager? ›

An Assistant Property Manager, or Property Management Specialist, is responsible for overseeing real estate properties and tending to the needs of tenants. Their duties include researching and contacting potential tenants, arranging for building maintenance and managing payments and budgets.

What are the three components of property management? ›

The 'Three Cs' of Property Management: Communication, Connection and Comradery. Being part of a community is an important factor when renters choose a building to call home.

How do I set up a property management portfolio? ›

If you're ready to take it to the next level, follow these seven ideas to grow your property management portfolio.
  1. Spruce up your current assets. ...
  2. Make improvements on new properties. ...
  3. Consider adding new property types. ...
  4. Market your business online. ...
  5. Network with property owners in your community.
30 Apr 2019

What is a strategic property plan? ›

Your Strategic Property Plan is the science part – the numbers, tables, data and direction. But that alone isn't enough. The art part of property investment is the many years of perspective that our buyer's agents have developed, and that's something that money can't buy, but you can hire it by using our services.

What are three duties of a property manager? ›

Property manager responsibilities include setting and collecting rent, handling maintenance requests, filling vacant units and potentially setting the budget for the property. Property managers often take care of property that real estate investors either do not live near or do not wish to personally manage.

What is the property managers first responsibility to the owner? ›

What is a property manager's first responsibility to the owner? To realize the maximum profit on the property that is consistent with the owner's instructions.

What makes a great property manager? ›

A property manager needs to be able to listen and communicate, as well as be proactive and involved, current and knowledgeable. He or she should also be levelheaded and resourceful, personable and articulate. For all the property managers diligently trying to excel, the list of "and's" goes on and on.

What are the two main functions of a property manager? ›

Functions of a Property Manager

The property manager has a dual responsibility: to the owner or client who is interested in the highest return from the property; and to the tenants, who are interested in the best value for their money, including reasonable safety measures and compliance with fair housing laws.

Which function of the property manager is most important to the property owner? ›

The most obvious function of a property manager is to find tenants for your rental property. The property manager will handle showings to interested renters, perform credit checks and reference checks on applicants, and coordinate the move-in process.

Do property managers prepare budgets? ›

Property managers usually prepare their apartment building's annual operating budget a few months before the upcoming fiscal year. A multifamily property management budget details the building's daily operations, including both income and expenses.


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