Top 10 Property Management Companies 2022
Considering the Best PM Firms going into 2022
Look to the top-performing, largest, or generally well-regarded management companies out there each year to see where the industry stands. While each part of the property management industry reaches across America, these companies define good service across the country.
So listed below — in no order of importance, as each of these companies has made a mark on this industry in a unique way — here are the top 10 property management companies in the US in 2022.
Lincoln Property Company
The Lincoln Property Company has its headquarters in Dallas, TX. This company has a unique mix of properties they manage, from private to commercial, and even mixed-use properties. Their biggest drawback is that they only currently operate in 34 states.
Lincoln Property Company goes one step further than many other management companies by keeping to Service Organization Control compliance. Each building in their care meets specially tailored third-party standards in its IT, accounting, and management services. This results in consistent and top-notch management services.
BH Management Services
Based across the Atlanta, Des Moines, and Dallas MSAs, BH Management Services is one of the largest property management firms in the United States. They offer everything from IT, accounting, operations, employ green programs, and even marketing services.
While this company does not have a presence in each state in America, they are willing to work with clients outside of their current network range. Click the link above to explore their website, but if you need in-depth information about their services, it may be best to get in contact with a representative.
Colliers International
If you’re the kind of investor-owner who likes to have a look into the real-time operations at your buildings and properties, then you’ll likely understand why Colliers International has become one of the biggest property management firms in the world.
They offer real-time operations reporting to owners, along with consistent financial reporting. Plus, their management style has a strong emphasis on adding value to all properties they handle.
Equity Residential
Equity residential is amongst the top 10 largest property management firms in the nation and has headquarters in Chicago, IL. Along with being one of the biggest property management firms, they also rank 3rd in the largest number of owned apartment buildings in America.
Currently, their focus is on building assets up in the major metropolitan areas in the US and focuses on actively increasing the value of their portfolio.
The Buildium Company
The Buildium company offers a unique way of providing service to a variety of properties by employing software that can assist local providers in rendering amazing service to their clients. This option is often more price effective for people than hiring managers trained by other companies on this list. This innovation is what makes Buildium stand out from the competition.
After a free trial, you can choose from a variety of service tiers that can suit many different needs, with software features that allow you to closely monitor your investment from anywhere.
Alliance Residential
Alliance Residential hosts its headquarters in Arizona. It has recently acquired more and more properties, making them the 7th largest property management firm in America. This gain is particularly impressive as it happened in a relatively short time. They currently develop everything from high-end multifamily communities to senior housing.
Apartment Management Consultants
Apartment Management Consultants has earned its fame by having an amazingly streamlined onboarding process, which makes their management style and quality consistent. AMC is one of the largest property management companies in America. They currently operate in 20 states, mostly in the Midwest and West.
This company is so convenient because they take care of the property managing aspects that often overwhelm property owners, like banking. This company even offers portals for clients to discuss and give feedback to the company about the local management, and they can influence who their local manager is.
Winn Companies
Winn is looking towards the future and stands out for its unique focus on community building and sustainability programs. Winn is a front runner in ensuring that properties are upgraded to fit the US Green Building Council’s LEED for Existing Buildings.
While the build improvements and standards Winn follows may not be the most cost-effective option on the market for new property owners, they still offer amazing service in 22 states across the nation and in Washington, D.C.
MMA Real Estate and Management
MMA or Mid-America Apartment Communities owns the largest number of apartment buildings in America! What makes this company stand out is that it owns and operates the entirety of its property portfolio. They are the first publicly traded real estate investment trust to own and manage this vast number of properties.
Greystar Real Estate Partners
Greystar is widely considered one of the best of the best in property management. Greystar ranked first in a list of 50 US apartment management firms by the National Multifamily Housing Council. This is because they train each of their managers with the “owner mindset” which instills the companies’ motto of “Beyond Expectations” into each property manager.
By leveraging the internet to attract both tenants and investor-owners to their services, they have modernized their business practices while never sacrificing the quality of service. The only downside to this company is that it currently does not operate in all 50 states.
Final Thoughts
This list covers some of the biggest stars in the property management industry as we look into 2022. These companies have become part of the fabric of the industry and have gained trust and power across the nation because of their outstanding service. From nurturing brand reputations to knowing how to optimize building maintenance and minimize risk, these companies have led the way in quality and innovation.
Whether you look to use one of these property management companies to care for one of your buildings, or if you look towards a local firm to take care of it for you, look for these key characteristics so you get the best management service available.
Related Questions
What are the best property management companies for 2022?
The top 10 property management companies in the US in 2022 are:
- Winn Companies - Winn is looking towards the future and stands out for its unique focus on community building and sustainability programs.
- FirstService Residential - FirstService Residential is the largest property management company in the US, managing over 6 million residential units.
- Associa - Associa is the largest community management company in the world, with over 10,000 employees.
- Action Property Management - Action Property Management is a full-service property management company that specializes in residential and commercial properties.
- RealPage - RealPage is a leading provider of property management software and services.
- Greystar - Greystar is a leading global provider of rental housing, with over 400,000 units under management.
- Bozzuto - Bozzuto is a full-service real estate company that specializes in residential and commercial property management.
- Lincoln Property Company - Lincoln Property Company is a full-service real estate firm that specializes in residential and commercial property management.
- CWS Apartment Homes - CWS Apartment Homes is a full-service real estate firm that specializes in residential and commercial property management.
- ConAm Management Corporation - ConAm Management Corporation is a full-service real estate firm that specializes in residential and commercial property management.
When looking for the best property management companies for 2022, look for these key characteristics:
- Nurturing brand reputations
- Optimizing building maintenance
- Minimizing risk
- Quality and innovation
What are the advantages of using a property management company?
The advantages of using a property management company include freeing up your time, maximizing your leasing income, and ensuring that your tenants are happy. A great management company will also help with maintenance, rent collection, and tenant screening.
Sources:
What are the most important factors to consider when choosing a property management company?
When choosing a property management company, the most important factors to consider are:
- Personality - A property management staff should treat each and every tenant with respect, and there should be no exceptions when it comes to manners and politeness.
- Strict Enforcement of Rules - Making sure that tenants and staff alike follow all rules and regulations is vital to the daily operation of a multifamily property.
What services do property management companies typically provide?
Property management companies typically provide services such as ensuring that the property stays rented, evicting non-paying or disruptive tenants, and maintaining the property (which may involve hiring external contractors). In some cases, property management firms may have an even more active financial role in a property, and they could be responsible for paying insurance and other fees. Source
Property managers and their teams must be able to maintain the asset, and ensure that the property can both attract and maintain tenants. This may involve vetting and assisting a variety of different tenants, a vast assortment of complex legal and maintenance processes, lengthy contractual agreements, and so much more depending on the property. Source
What are the most common mistakes made when selecting a property management company?
The most common mistakes made when selecting a property management company are not researching the company thoroughly, not asking for references, not understanding the services offered, and not having a clear understanding of the fees associated with the services.
When researching a property management company, it is important to look into their experience, reputation, and customer service. It is also important to ask for references from past clients and to understand the services that the company offers. Additionally, it is important to have a clear understanding of the fees associated with the services, such as management fees, leasing fees, and maintenance fees.
Source: Top 4 Qualities to Look for in a Property Management Company