In this article, I will give the ten best property management companies for rentals in the world based on their current rankings and how to choose the suitable one in your town.
As you know, every property, every location, and every property management company is different. You must choose a company according to your location and property needs. Otherwise, your effort might go to waste.
Ten Best Property Management Companies for Rentals
So here are those ten best property management companies for rentals that you can approach to manage and maintain your property effectively and with constant cash flow year on year.
These management companies charges about 4% as a commission. But some companies may charge you more, depending on the reputation and how many properties they are currently managing.
Table of Contents
1. Lincoln Property Company
Lincoln Property Company is living for client and tenant satisfaction. Residential communities are a huge part of business, but it has expanded its portfolio to include commercial real estate recently.
- Year founded: 1965
- Headquarters: Dallas, Texas, United States
- Available locations: 35+ states in the US
- Years in business: 52 years
- Total assets: $16 billion
- Units under management: 220,000+
- Primary services: Property management, marketing, accounting, procurement, revenue management, business software, and IT
- Number of employees: 4,000+
- Worldwide: Yes
It doesn’t have many online resources for residents. But despite that, it still remains a respected choice for the investor.
2. Greystar Real Estate
Greystar Real Estate is the global leader in the rental property management business the world right now. They specialize in managing active young communities, multifamily properties, collegiate housing, and flexible corporate housing in the country available in more ten 45 states in the US.
- Year founded: 1993
- Headquarters: Charleston, South Carolina, United States
- Available locations: 45+ states in the US
- Years in business: More than 29 years
- Total assets: $59 billion
- Units under management: 670,000+
- Main services: Property management, operations, IT, marketing, procurement, and construction management.
- Number of employees: 14,000+
- Worldwide: Yes
The Greystar Investor Portal gives owners an online system to monitor their property’s performance metrics and view real-time reports.
3. Cushman & Wakefield
One of the oldest real estate companies in the world that still existed. They are in the business for over 105 years. The company is specialized in commercial property, but they are also good at residential. The company is popular and well-established.
- Year founded: 1917
- Headquarters: Chicago, Illinois, USA
- Available locations: 33+ states in the US
- Years in business: 105 years
- Units under management: 170,000+
- Main services: Agency leasing, asset services, capital markets, facility services, global occupier services, investment management, project & development services, tenant representation, valuation & advisory
- Number of employees: 50,000+
- Worldwide: Yes
Cushman & Wakefield’s knowledge of local markets attracts property owners to maximize their profits. If you are looking for a well-established company, then Cushman & Wakefield is one of the best property management companies for rentals in your area.
4. CBRE Group
CBRE means Coldwell Banker Richard Ellis. It’s the oldest property management company out there. They provide more than twenty different commercial property solutions to owners and residents in addition to property management services.
- Year founded: 1906
- Headquarters: Dallas, Texas, United States
- Years in business: 116 years
- Total assets: $22 billion
- Primary services: Web-based management, consulting, security planning, tenant relations, and retention management.
- Number of employees: 105,000+
- Worldwide: Yes
CBRE provides proven practices and technology solutions to assist owners in operations and lowering costs while servicing tenants. They are popular and well established, you can try them.
5. Colliers International
Colliers International is for those commercial property investors who want to minimize their risk. They are highly specialized offices, retail, industrial, hotels, healthcare, and multifamily.
- Year founded: 1976
- Headquarters: Toronto, Ontario, Canada
- Years in business: 46 years
- Total assets: $82 billion
- Primary services: Offers landlord representation, real estate management services, valuation and advisory, securities, mortgage, insurance, engineering, and design.
- Number of employees: 15,000+
- Worldwide: Yes
The company has launched multiple new technology platforms for its building-owner clients like Colliers360, which provides in-depth portfolio analysis.
6. Apartment Management Consultants
The best part of AMC is that it provides owners with real-time property performance information online. They are new but have some good credibility, as you can see.
- Year founded: 2000
- Headquarters: Cottonwood Heights, Utah, United States
- Years in business: 22 years
- Available locations: 25+ states in the US
- Units under management: 120,000+
- Primary services: Property management, real estate, investment management service, construction service, multi-family housing, and business management
- Number of employees: 5,000+
- Worldwide: Yes
Apartment Management Consultants (AMC) ranked sixth on the National Multifamily Housing Council’s list of largest apartment managers in the United States. Indeed it is one of the best property management companies for rentals out there.
7. Buildium
It is a property management software company providing cloud-based real estate applications. It is an innovative software company that has functions like reporting features to market your vacancies.
- Year founded: 2004
- Headquarters: Boston, Massachusetts, United States
- Years in business: 18 years
- Price: $50 – $460
- Main services: Cloud-based rental property management software.
- Worldwide: Yes
Their app-based reports can offer accounting, operations, and leasing in specific sub-categories, all with an online and mobile user interface for the owner.
8. BH Management Services
The company only operates in residential properties. They understand the markets in which it operates and works hard to achieve high occupancy and low turnover.
- Year founded: 1993
- Headquarters: Des Moines, Iowa, United States
- Available locations: 26+ states in the US
- Years in business: 29 years
- Total assets: $59 billion
- Units under management: 102,000+
- Main services: Property management, accounting, operations, marketing, training, and other IT works.
- Number of employees: 5,000+
- Worldwide: Yes
With BH company you can rest assured that your tenants will receive quality attention and dedicated service.
9. Winn Companies
The company Winn ensures that properties are managed to the highest environmental and community standards for both commercial and residential properties. Their data looks something like it.
- Year founded: 1971
- Headquarters: Boston, Massachusetts, United States
- Available locations: 23+ states in the US
- Years in business: 52 years
- Units under management: 102,000+
- Primary services: Property management consulting, asset management, construction management, and joint venture opportunities.
- Number of employees: 2,600+
- Worldwide: Yes
Winn company will do monthly audits as needed to ensure compliance and minimize risk. There is no online platform for owners to monitor their properties, but if requested, they can deliver.
10. Vacasa
Vacasa is a vacation rental management company started in 2009 in Portland.
- Year founded: 2009
- Headquarters: Portland, Oregon, United States
- Available locations: 35+ states in the US
- Years in business: 12 years
- Units under management: 26,000+
- Main services: They offer residential vacation homes, including cleaning, financial records, four-hour local guest support, 3D online home tours, professional writing and photography, and reservation management.
- Worldwide: Yes
Vacasa offers everything you need in the residential vacation home industry.
How to Choose the Best Property Management Company?
So how will you choose the best property management companies for rentals? What makes a management company superior to another in your town? You can do that by analyzing these six metrics.
- Their working location
- All their services
- Time spent in this business
- Old and current property portfolio
- Residential or commercial
- NMHC Rank
Let’s start with the property location.
1. Your Property Locations
Suppose you live in a small town in Denver, but the property company you want to work with does not operate there. So that means they can’t serve you.
If some companies do operate there, their services are not as good as in the big cities. That is why when you choose a property management company, make sure they have popularity in the town.
2. List of Their Services
Check the list very carefully. What the real estate company can offer, and are those suitable for you as a property owner? You should hire a management company that you can trust who will treat your tenants well as they deserve.
If you choose a reputable property management company, they will make repairs, keep accurate records, and protect your property from damage or loss.
Plus, see if the company has a 24/7 emergency system in place. If something happens on the property, they can get help instantly. Look at their services and choose according to your needs.
3. Number of Units and Properties
No of years in the business is a good predictor of a good company, but also the no of properties they have managed and currently managing. A wide range of units in their portfolio is always a better sign when choosing a property management company for rentals.
4. Residential and Commercial Services
Not many companies manage both residential and commercial properties. While choosing a company, find out what they do best. Do not choose an average property management company that costs you less. Always choose the best company that does special things.
5. Years in the Business
The more time the company has spent managing different properties the better its services will be, you know it. But that is not always true. Some companies are performing well enough in a shorter period of time.
Research the history, reviews, and resources they have and then select a management company, not only just how long they are in the business. That is important, but not everything.
6. NMHC Ranking Factor
NMHC means National Multifamily Housing Council. They rank the top property managers in a country based on thorough research and various criteria, including the number of units managed and regions of operation.
A company’s ranking is not the most important thing people look for, but it does influence people to choose the best one. If a company is ranked by NMHC, at the top of the list, they become more popular and reputable. With that, their business also grows exceptionally.
The Advantages of Using a Management Company
So why do you want to use these best property management companies for rentals in real estate? Because of the following things.
- Vacancies are filled quickly
- Rent is paid and collected on time
- Maintenance is easy
- Have many services for owners
- Owners will have more freedom
These are some of the best advantages of choosing one of the best property management companies for rentals over a local company.
Last Words
So here are the best property management companies for rentals in the world. Choose a good one according to your need. Thanks for reading. See you soon.
