Find a condo property manager near Philadelphia, PA

100+ near you

Find a condo property manager near Philadelphia, PA

100+ near you

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7. SlateHouse Group Property Management
4.4
from 17 reviews
4.4
(17)
IN HIGH DEMAND
  • 7 years in business
  • 33 hires on Thumbtack
"I went with SlateHouse Group because I have chosen bad tenants in the past. I'd say 80% of the tenants I have chosen have been very good tenants. The other 20% have cost me a lot of money. I decided that it's not worth the risk for me to continue to pick my tenants. I do background checks but I am limited with my ability to do all the necessary checks needed to assure that I have chosen the best available tenant. SlateHouse Group has all the tools to do a much more extensive background search than I can do on my own. Therefor I have decided I am never again going to choose my own tenants. I currently have five apartment buildings and I have just recently started having them manage one of the buildings that was giving me nothing but headaches. I also took advantage of their tenant placement option where you pay them a percentage of the first months rent for them picking out your tenant. I did that on a building that I am managing myself and they picked out an excellent tenant. If they are managing your building they will pick your tenants out as part of the managing fee they charge. I will be turning more buildings over to them to manage in the future because I am very impressed with this company so far. I wish I would have found out about them sooner. I could have saved myself a lot of lost rent and headaches. I would highly recommend them to any landlords who are looking for a property management company."

Q & A

Answers to commonly asked questions from the experts on Thumbtack.

What does a property management company do?

Property management companies manage the rental of residential homes, apartments, condos, commercial spaces and retail spaces. Property managers can oversee just a single unit or many properties, whether those sites are inhabited full-time or are vacation rentals. A property management company helps a property owner or landlord find tenants; collects rent; takes care of accounting, property maintenance and repairs; handles on-site management; and manages vacation rental check-in and checkout tasks. Although many property owners or landlords successfully manage their own rental real estate, a property management company can help you handle tenant issues and maintenance problems, especially if you are not located in the same city or state. Most property management companies deal with tenants directly, and their tasks include:

  • Marketing the rental property
  • Collecting rent
  • Handling repair problems
  • Responding to tenant complaints
  • Evicting tenants  

A property management company may be a good choice for property owners who have several investment properties, live far away from the rental property, or don’t have time for hands-on management.

Why is property management important?

A property management company can be a landlord’s greatest asset. As a neutral third party, the property manager handles the day-to-day operations of a real estate investment, from a single vacation home to a large apartment building or several rental properties. A property management company can be especially helpful to landlords who own several units and can’t manage each of them individually, or those who live too far from their investment properties to meet with renters and oversee maintenance. Property management is particularly important if your rentals are part of an affordable housing program. To receive financial assistance from the government, the landlord must comply with a complicated set of rules; property management companies should have both experience and expertise in complying with the rules specific to each housing program.

Do property managers need to be licensed?

The licensing requirements for property managers vary from state to state, but many states require property managers to have a real estate broker’s license and in some cases be a legal resident of a state. Property management may not be specified in a state real estate statute, but according to the Institute of Real Estate Management their activities may include advertising the availability of a rental property, discussing a property management agreement with an owner, negotiating leases, showing a rental property and collecting rents.

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