Find a property manager near Newport, RI

Find a property manager near Newport, RI

44 near you

Find a property manager near Newport, RI

44 near you

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Top 10 Property Managers near Newport, RI

Avatar for Divine Investments Inc Providence, RI Thumbtack
Avatar for Divine Investments Inc Providence, RI Thumbtack
7. Divine Investments Inc
4.9
from 10 reviews
4.9
(10)
4.9 (10)
  • 18 years in business
  • Serves Newport, RI
"Divine Investments Inc. is a boutique real estate firm offering brokerage services, property management, rental services, consulting, and developing. Divine Investments first opened in 2001 and currently manages 250 units comprised of residential income and commercial properties as well as condominium associations. Rani Vails, president and founder, has been a landlord in Rhode Island herself since she was 22. She is also a developer who began with a condo conversion project in the Promenade neighborhood by the Providence Place mall right before the big market crash. Since than, Rani has developed many foreclosure rehabs, creating family friendly living units in some of Providence’s most fragile neighborhoods. In 2012, Divine Investments was awarded its first federal grant through Rhode Island Housing for an affordable healthy homes rental development project in Providence's fragile Smith Hill neighborhood. In the beginning years, Rani began to receive referrals for property management from people familiar with her real estate pursuits as her development projects were always distinguished by their swift, efficient and frugal budgets. Over the years, Divine Investments began to formerly offer property management services and Rani obtained her brokerage license to assist in first her own sales and than those of others. Today, Rani specializes in working with investors as a buyer’s agent but is always happy to speak with the first time buyer (some of which have gone on to become investor clients) or assist with a listing sale. Divine Investment’s property management portfolio includes a highly diverse snap shot of Rhode Island, from lovingly maintained historic buildings on Benefit Street in Providence to charismatic seaside cottages in Warwick to commercial buildings compromised of mom and pop enterprises. Rani brings her wealth of knowledge and experience resolving a wide range of building maintenance issues along with a desire to share with her clients affordable and smart sense ways to maintain a property’s value."

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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.

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.

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.

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