Find a property management company in Philadelphia, PA

Find property management companies in Philadelphia, PA

Find property management companies in Philadelphia, PA

Confirm your location to see the best property management companies near you.
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Find property management companies in Philadelphia, PA

Confirm your location to see the best property management companies near you.
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Top 10 property management companies in Philadelphia, PA

Homeowners agree: these Philadelphia property management companies are highly rated for knowledge, experience, communication, and more.
Prosperity Real Estate & Investment Services

Prosperity Real Estate & Investment Services

5.0(1)
1 hire on HomeGuide
10+ years in business
Serves Philadelphia, PA & Online
Sehar C. says, "I had a fantastic experience with Prosperity Property Management. From the outset, their professionalism stood out. The onboarding process was thorough, providing valuable insights into the market and helping me set realistic expectations. One of the highlights was their attention to detail in property inspections, ensuring timely maintenance. Communication was seamless, with a responsive team and user-friendly online portal for financial updates." Read more
AVANT GARDENS

AVANT GARDENS

2 hires on HomeGuide
43+ years in business
Serves Philadelphia, PA
After 43 years of successfully creating a diverse array of creative solutions for city gardens we continue to offer the best solutions for gardens and maintenance. We offer fencing solutions as well as design services. Please take a look at the website avantgardens.net And see us on Facebook and home advisor Angi and more pictures and reviews on Yelp. Contact the office at 215-634-6332 or email us at [email protected].
Wayne Realty Corp

Wayne Realty Corp

44+ years in business
Serves Philadelphia, PA
Wayne Realty was formed in 1986 to offer a choice for buyers and sellers on Philadelphia’s Main Line. In contrast to some larger firms, Wayne Realty offers their knowledgeable, responsive, and personalized service in the acquisition and sale of real estate. Wayne Realty provides service with a personal touch in combination with vast expertise of the local Wayne, PA market and surrounding areas. Visit our About page where we explain the service you can expect at Wayne Realty. REOD Corporation, established in 1982 to serve the needs of the individual real estate investor, specializes in property management of single homes, condominiums, and to...
Aegis Smart Construction & Remodeling

Aegis Smart Construction & Remodeling

10+ years in business
Serves Philadelphia, PA
No one-size fits- all approach. Each project presents unique challenges/solutions. We will listen carefully and find the most affordable/ practical materials and approach to your particluar project.
RHJ Contractors

RHJ Contractors

12+ years in business
Serves Philadelphia, PA
We care about our customers we treat our customers as a family
Nessing Design

Nessing Design

14+ years in business
Serves Philadelphia, PA & Online
Established in 2011, Nessing Design is an interdisciplinary luxury interior design and decor consulting firm with offices in New York City and Southampton, N.Y. Founded on the belief that quality design has the power not only to transform spaces, but to enhance lives, we take a personal, hands-on approach to working with clients locally and nationwide to create beautiful, functional places in which to live, work, and play. Handling commissions that range in style from casually elegant to strictly tailored to sumptuously lush, Nessing Design taps some of the brightest minds in interior design, architecture, and high-end construction to tai...
Re/Max Hometown

Re/Max Hometown

5.0Exceptional(5)
16+ years in business
Serves Philadelphia, PA
Alfreds S. says, "Harold is very professional,answers Harold is br Harold is very professional. He answered all my questions, helped me make decisions that were the most appropriate for the sale of my property. I felt very relaxed during the process because Harold is very knowledgeable but does not present himself as the “authority.” During the entire process I felt that I was in great hands.” " Read more
Gamboa Construction

Gamboa Construction

5.0(4)
3 hires on HomeGuide
13+ years in business
Serves Philadelphia, PA & Online
MaryAnn M. says, "He was very knowledgeable and explained the process well. He did an excellent job and cleaned up very well after completing the work. He’s a nice guy too." Read more
Crystal Clean Services,

Crystal Clean Services,

1 hire on HomeGuide
10+ years in business
Serves Philadelphia, PA & Online
Cleaning and music is my form of stress relief and allows me to feel relaxed. I have 25years of residential and commercial cleaning/ janitorial experience. I also have over 10 years experience in property management providing home maintenance repairs and lawn mantainence as requested by banks and realtors. I can provide you with exceptional services and love to go above and beyond.
Apple Professionals,Inc

Apple Professionals,Inc

32+ years in business
Serves Philadelphia, PA
Your Home Town Realtors

Your property management questions, answered

Answers to commonly asked questions from the experts on HomeGuide.

How much do property management companies charge?

Property management companies typically charge between 8% and 12% of the monthly rent to manage the rental property. This fee covers their costs for marketing the property, running background screening on potential tenants, collecting rent, and handling routine maintenance issues and repairs.

Since management fees are a percentage of the rent, the fees will be higher in urban areas with a higher cost of living. Managers also have higher fees for multi-family properties bringing in more monthly rent payments to process. Finally, the more services that the management company offers, the higher their fees. If the company is required to handle maintenance and repairs for your rental properties, you will pay more for their services than if you only require them to screen tenants and collect monthly rent.

What do property management companies do?

Property management companies are responsible for the day-to-day operations of rental properties. They handle everything from finding tenants and collecting rent to dealing with repairs and maintenance.

Depending on your budget and the number of properties you own, your property management company may perform the following tasks:

  • Screen tenants by running background checks to ensure the potential renters have stable employment and a good rental history.
  • Review and sign the rental agreement lease with any approved tenants.
  • Collect rent from tenants every month and deposit the rent payments into the owner's account.
  • Schedule routine maintenance services like lawn care and pest control, as well as schedule contractors to fix any repair issues.
  • Advertise any vacant properties online, in print, and by holding open houses.
  • Provide customer service to both the property owner and the tenants by answering questions about and resolving any disputes.

Should I hire a property management company?

You should consider hiring a property management company if you have room in your budget for the monthly fees, especially if you own multiple properties or you live far from the properties you rent. An experienced property manager can take over the daily operations for you, saving you time and the cost of maintaining the properties.

In addition to collecting rent and handling maintenance issues, a big benefit of hiring a property manager is that they market your vacancies, screen tenants, and quickly fill any empty units so that you don't suffer the lost income when a tenant moves out.

Are property management companies worth it?

Yes, an experienced property manager is worth the monthly fee, especially for new landlords that are still learning the ropes. Knowing your property is in good hands can give you peace of mind and free up your time to focus on other interests.

Additionally, a licensed property manager reduces your legal liability by understanding discrimination, disability, and tenant laws that govern leasing practices including evictions and late rent. If your rentals are part of a government-funded affordable housing program, the property manager will ensure you adhere to the complicated set of rules that pertain to your property.

Do property managers need to be licensed?

Property management licensing requirements vary by state. In most states, a property manager that is renting or leasing properties is required to have a real estate broker's license or be a real estate salesperson working for a licensed broker. There are some exceptions to this rule including onsite managers who work at one property, community association managers, and short-term rental managers.

The main reason most states require licensure for property managers is to prevent legal liability for property owners. Licensed property managers undergo a background check and are trained in the laws against tenant discrimination, property accessibility for individuals with disabilities, and confidentiality laws. The only states that do not require property managers to be licensed are Vermont, Idaho, and Maryland.

Do property management companies pay for repairs?

No, property managers do not typically pay for repairs out of their pocket. Instead, their monthly fees include a reserve fund for repairs and maintenance. If a repair is needed that exceeds the amount in the fund, the property owner is billed for the additional costs.

An experienced property management company should provide its clients with a management agreement that spells out their responsibilities. Since larger multi-family properties require more maintenance, the management company charges a higher monthly fee to increase the size of the repair fund. Properties managers also charge higher fees in certain locations that are more prone to damage from weather or crime.

What questions should I ask a property management company?

Handing over the responsibilities of your rental property to the management company is an important decision. Be sure to ask these questions to help you choose the best manager for your property:

  • What are your monthly rates?
  • What services are included in the monthly rate?
  • How long have you been managing rental properties?
  • What is your marketing plan to fill vacancies quickly?
  • What is your screening process for tenants?
  • How often do you visit or inspect the property?
  • How do you handle repairs and maintenance?
  • How do you handle tenant disputes or late rent payments?
  • Have you ever dealt with an eviction?

How do I choose the right property management company?

Choosing a property management company you can trust will give you peace of mind. Here are some tips to help you choose the right property management company:

  • Do your research online by reading about the company's experience and the services they offer.
  • Read online reviews by current and past clients on HomeGuide and Google.
  • Make sure the company is licensed and insured as required in your state.
  • Interview several companies to find a company that fits your budget and needs.
  • Ask about the company's marketing plan to fill vacancies with good tenants.
  • Select a company that is prompt to respond to any questions or concerns.

Reviews for Philadelphia property management companies

Recent success stories from people in the Philadelphia area.
Dave M.
Harold was very considerate and professional. He was patient and found me the exact property I needed.
Re/Max Hometown
Dinh
This company is awesome. They do what they say and finish the job in a very timely manner. i have had multiple full renovation with them and I have to say by far the best I ever had.
Gamboa Construction
JO W.
Rob Kowalchik helped us find and purchase our home 6 years ago. He handles all of our rentals. He always finds quality tenants in a short amount of time. The team is very professional, highly effective, and very knowledgeable of the local rental and housing markets. Both our tenants and ourselves are very pleased with how thorough and smoothly he makes the rental process. He is very personable and accessible.
The Kowalchik Team Real Estate KW
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Philadelphia property management companies by service