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According to the Department of Housing and Urban Development, there are between 10 and 12 million landlords in the U.S. A property management company ensures the profitability, good reputation, building upkeep, and tenant occupancy of a residential or commercial investment property. These firms also keep their owners updated frequently on the key performance metrics of the asset. Different localities and property types are governed by different regulations, codes, and laws, therefore having a property management company is essential to most landlords.
Property management companies take on the daily stresses of commercial and investment real estate ownership. We reviewed 18 companies to land on these best eight after reviewing their services, cost structure, reporting capabilities, and communication with owners and tenants. Read on to discover our favorites and find out which property management company is right for you.