What does a property management company actually do?

A property management company handles the day-to-day operations of rental properties, including tenant screening, rent collection, property maintenance, lease enforcement, and compliance with local housing laws.

Why should I hire a property management company instead of managing my property myself?

Hiring a management company saves time, reduces stress, and ensures professional handling of tenants and maintenance. It’s especially valuable if you own multiple properties, live far from your rental, or prefer a hands-off investment approach.

Can hiring a property management company increase my rental income?

Often, yes. Professional managers can reduce vacancy rates, set competitive rental prices, improve tenant retention, and maintain your property’s condition—leading to higher long-term profitability.

How do I choose the right property management company?

Look for companies with strong local market knowledge, transparent fees, good communication, and positive reviews. Ask for references and clarify what services are included in their contract.

Will I still have control over my property?

Yes. You set the overall rules, approve major expenses, and decide on rental rates. The management company acts as your representative, but you remain the property owner with final authority.

How do property managers deal with rent collection and late payments?

They collect rent on your behalf, enforce lease terms, and handle late payment notices. Many companies also offer online payment systems for tenants, making rent collection more efficient.

Who handles maintenance and repairs?

Property managers coordinate with licensed contractors or in-house maintenance teams. They oversee repairs, schedule routine upkeep, and ensure issues are resolved quickly to protect your investment and keep tenants satisfied.

How do property managers screen tenants?

They typically conduct background checks, credit reports, employment verification, rental history reviews, and sometimes personal references to ensure reliable tenants who pay on time and care for the property.

What happens if a tenant needs to be evicted?

Property managers handle the legal process, including serving notices, filing paperwork, and coordinating with attorneys if necessary. They ensure compliance with local landlord-tenant laws to avoid costly mistakes.

Trusted Local Property Management Services

Are you struggling with the workload of managing rental property? An investment in property management services can pay big dividends! Neighborly will help you promote and protect your real estate investment, minimize costs, and maximize income—without interrupting your daily life.

Find Property Management Services Near Me

Real Property Management®—A Trusted Neighborly® Brand

Rental homes can be costly and time consuming, but the right property management can make a difference. Whether you’re renting out a single-family home, condos, multiplexes, or apartment units, Real Property Management can take the hassle of daily management off your long to-do list.

Reliable Property Management in One Place

When you schedule property management through Neighborly, your representative will handle everything related to property management, from move-in to move-out, taking the stress of day-to-day management off your hands.

Local Expertise – Get managers who know local regulations and codes.
Tracking Tools – Keep up with all property activity from anywhere, 24 hours a day.
Legal Compliance – Stay in compliance with housing, leasing, or other laws related to your properties.

Comprehensive Property Management Services

Many rental owners learn the hard way how much work is involved in property management. Let Neighborly help connect you with an experienced property manager to provide the following services.

Please note: Not all services may be available in all ZIP codes.

Full-Service Leasing
Lease Compliance
Bookkeeping
Evictions
Showings
Rent Collection
Tenant Screening and Selection
Market Analysis
Portfolio Analysis
Property Evaluation
Property Management Accounting Services
Real Estate Investment Consultation
Rental Rate Evaluation
Lease Agreement Preparation and Review
Marketing and Advertising
Rental Property Maintenance

It’s Not Done Until It’s Done Right™

Frequently Asked Questions About Property Management

Owning rental property can be rewarding, but managing it yourself often comes with challenges and stress. Here are some of the most common questions we get about property management services.

A property management company handles the day-to-day operations of rental properties, including tenant screening, rent collection, property maintenance, lease enforcement, and compliance with local housing laws.
Hiring a management company saves time, reduces stress, and ensures professional handling of tenants and maintenance. It’s especially valuable if you own multiple properties, live far from your rental, or prefer a hands-off investment approach.
They typically conduct background checks, credit reports, employment verification, rental history reviews, and sometimes personal references to ensure reliable tenants who pay on time and care for the property.
Property managers coordinate with licensed contractors or in-house maintenance teams. They oversee repairs, schedule routine upkeep, and ensure issues are resolved quickly to protect your investment and keep tenants satisfied.
They collect rent on your behalf, enforce lease terms, and handle late payment notices. Many companies also offer online payment systems for tenants, making rent collection more efficient.
Property managers handle the legal process, including serving notices, filing paperwork, and coordinating with attorneys if necessary. They ensure compliance with local landlord-tenant laws to avoid costly mistakes.
Yes. You set the overall rules, approve major expenses, and decide on rental rates. The management company acts as your representative, but you remain the property owner with final authority.
Look for companies with strong local market knowledge, transparent fees, good communication, and positive reviews. Ask for references and clarify what services are included in their contract.
Often, yes. Professional managers can reduce vacancy rates, set competitive rental prices, improve tenant retention, and maintain your property’s condition—leading to higher long-term profitability.