Best Property Management Companies of 2023

Best Property Management Companies of 2023

Best Property Management Companies of 2023 anaging multiple rental properties can become cumbersome, particularly as different property types and locations are regulated by different rules, laws, codes and ordinances. A property management company can take care of building upkeep and tenant occupancy, thereby maintaining your good reputation and profitability as a landlord.

If you decide that outsourcing your property management is best, bear in mind that not all property management firms are created equal. We’ve curated a list of the top property management companies in the U.S. today to help you compare options.

Our Top Picks for Property Management Companies

  • Greystar — Best overall
  • Lincoln Property Company — Best for client support
  • Cushman & Wakefield — Best management tools and teams
  • BH Management Services — Best for residential properties
  • CBRE — Best for commercial buildings
  • Colliers International — Best for international properties
  • WinnCompanies — Best for sustainable initiatives
  • Vacasa — Best for vacation properties
  • Buildium — Best budget option

Best Property Management Companies Reviews

We looked at cost structures, customer service metrics, features, location and availability to find the best property management companies to work with. Here’s our list below.

Best Overall: Greystar

  • Reasonable pricing
  • Offices in the U.S., Europe and Latin America
  • First in the 2022 National Multifamily Housing Council’s Top 50 Apartment Managers list, for three years running
  • Online portal helps keep you informed
  • Some tenant reviews suggest unreasonable fees charged at the end of leases
  • Some tenant reviews suggest long waits for repairs
  • Low customer review rating on Better Business Bureau (most reviews are from tenants, and there are no complaints from real estate investors)

Greystar is our best overall pick for rental property management companies. Whether you’re renting single-family housing, apartments or even commercial real estate, Greystar has you covered. Founded in 1993, the company has been providing high-quality services and exceptional customer service to match for nearly three decades.

The company offers reasonable pricing and services that span the entire U.S. as well as Europe and some Latin American countries.

Aside from property management, Greystar is one of the largest apartment building operators in the world. The company also provides reasonably priced investment management solutions.

Best for Client Support: Lincoln Property Company

  • Abundant positive reviews from investors and property owners
  • Top-notch customer service
  • Nationwide company with a 50+-year track record
  • Several negative reviews from tenants
  • No information is available on pricing
  • Some tenant complaints suggest lacking maintenance

When it comes to nationwide property management companies that offer exceptional customer support for their property owners, Lincoln Property Company takes the cake. The company has an A+ rating with the Better Business Bureau and several positive reviews on Facebook.

Unfortunately, Lincoln Property Company doesn’t share any pricing information online, but after a quick call, we were able to determine that the company’s pricing is about average for the services it offers.

Moreover, the company is happy to help you manage all of your investments, whether they are investments in real estate, stocks or even cryptocurrency, making it a one-stop shop for the busy investor with a diversified portfolio.

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Best Property Management Companies of 2023

Best Management and Teams: Cushman & Wakefield

  • A+ rated with the Better Business Bureau without paying to be accredited
  • Services are available in more than 60 countries
  • Quality management tools make it easy to keep tabs on your real estate investments
  • Some complaints suggest the company takes too long to pay its service providers
  • Teams tend to provide the best services to those who own high-value properties

Cushman & Wakefield is a massive real estate investment management firm with offices in more than 60 countries around the world. The company has been in business for more than 26 years and has only received three complaints, according to the Better Business Bureau.

Aside from traditional property management services, Cushman & Wakefield goes above and beyond in a few ways:

  • Customer care. The company’s customer care team is one of the best in the world, earning a perfect score in the 2022 Global Outsourcing 100’s “Customer Reference” category.
  • Management tools. Cushman & Wakefield’s management tools make it easy to keep track of your investments.
  • Availability. The company’s services are available in more than 60 countries.
  • Finding investments. Unlike other property management firms, Cushman & Wakefield will help you find the best real estate investments for your portfolio.

There are a few drawbacks to consider. The negative reviews about the company are all from service providers like plumbers and electricians who talk about getting the runaround when it’s time for them to be paid. The company is also most in-tune with high-value investors.

Best for Residential Properties: BH Management Services

  • Reasonable pricing
  • Specializing in residential real estate
  • Quality customer support
  • Poor Better Business Bureau reviews from tenants
  • Reviews suggest tenants are charged too much upon ending their leases
  • Reviews suggest a lack of quality maintenance

If you’re renting single-family homes or any other form of residential real estate, BH Management Services is the way to go. The company owns a network of apartment buildings and has been providing property management services for well over two decades.

BH Management Services’ specialty in residential real estate makes the company the perfect option if you have a network of homes or apartments to rent out. Moreover, the pricing is reasonable, so you won’t have to give up too much of your returns.

The company isn’t perfect, though. According to several reviews, maintenance takes longer than it should, and tenants may be unhappy with the fees they’re charged throughout and at the ends of their leases.

Best for Commercial Buildings: CBRE

  • Specializing in commercial property management
  • Quality research tools to help you make real estate investments
  • Successfully relocates client facilities when needed
  • Some property owners have complained about a lack of note-taking, requiring more time for customer support than necessary
  • On the higher end of the pricing spectrum
  • Some service providers have written complaints about delayed payments

CBRE is one of the largest and longest-lived commercial property management companies in the U.S. The company has been around since the early 1900s and has made a science out of managing properties like office buildings, retail strip malls and manufacturing warehouses.

As a commercial property management company with more than a century of experience serving its community, CBRE’s fees are slightly higher than those of discount competitors, but the added expense is worth the service.

The company provides quality research tools that help you make real estate investments with accurate expectations. Moreover, if something happens and your client needs to be relocated, the company takes care of the entire process.

There are a few disadvantages to consider. Some service providers have complained about waiting over 90 days for payment. Moreover, some customers have written complaints about having to re-explain who they are and what they’re trying to do every time they talk to a new customer service representative, suggesting the company lacks customer relationship management skills.

Top Property Management Companies Of 2023

Top Property Management Companies Of 2023

Top Property Management Companies Of 2023 – The best property managers efficiently run large multifamily investment properties, maintaining efficiencies and maximizing returns. If you have student housing, senior housing, income-based apartments, or any other type of multifamily investment property, these are the top 20 property management companies according to the National Multifamily Housing Council. The NMHC has ranked these companies for 2022 in the following order, and included some basic details about them.

Top Property Management Companies

The list of top rated property management companies includes the largest ones in the country. Most of these companies manage properties regionally or nationally, and they all are responsible for 60,000 to 600,000 units.

Commercial Property Management Company

1. Greystar Real Estate Partners

Greystar Real Estate Partners is the largest property management company with almost 700,000 managed units in 2022. That’s up slightly from the 669,00 units managed in 2021. The company is headquartered in Charleston, South Carolina, but has offices throughout the country and properties in all 50 states.

Uniquely, the company invests in property development in addition to property management. Greystar was listed in NMHC’s Top Owner, Top Developer and Top Builder listings for 2022.

2. Lincoln Property Company

Lincoln Property Company is a distant second, with a stable 210,000 managed units in 2022 and 2021. The Dallas, Texas company has a sizeable portfolio of military properties. It was also a 2022 Top Owner.

3. Cushman & Wakefield

Cushman & Wakefield is also based in Dallas, and has a stable portfolio of ~170,000 units in 2021 and 2022. Current unit counts approximately match those from 2008. This is the largest listed company that’s steady but not growing quickly.

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Top Property Management Companies Of 2023

4. Asset Living

Asset Living continues to grow under CO Ryan McGrath’s 35+ years of leadership. The Houston, Texas company jumped from 103,000 units in 2021, to 159,000 units in 2022. A number of these units are student housing.

5. FPI Management

Based in Folsom, California, FPI Management has ~140,000 units throughout the United States, excluding the Northeast. That’s up from 129,500 in 2021. The company has been expanding into the Southeast.

6. Apartment Management Consultants, LLC

Apartment Management Consultants, LLC is from Cottonwood Heights, Utah. The company grew approximately 13% from 2021 to 2022, increasing its unit count from 100,300 to 113,700. These are all market-rate units.

7. RPM Living

RPM Living is among the newest large property managers, having started in just 2020. The company grew from 81,500 units in 2021, to 112,000 units in 2022. The Austin, Texas company is mostly in the Central and Southeast U.S.

8. BH

BH is a well-established property management company from Des Moines, Iowa. The company has steadily been increasing its portfolio for more than 20 years. The portfolio went from 100,000 units to 106,000 between 2021 and 2022.

9. WinnCompanies

WinnCompanies from Boston, Massachusetts manages 103,000 properties throughout all 50 states. That’s nominally up from 101,000 in 2021. More than one-third is military housing. The company’s growth has been slow for the past ~10 years.

10. MAA

MAA from Germantown, Tennessee has 100,000, which is the same as in 2021. These are all market-rate units throughout the Midwest, Central, and Southern U.S. The company was also a 2022 Top Owner, as it manages many of its own properties.