Best Property Management Companies in Dallas

Top Property Management Companies in Dallas

There are over 300 property management companies in Dallas. We analyzed companies based on their years of experience, services, and customer reviews to bring you seven companies at the top of their property management game. Here are our picks: 

Davis Property Management

Google Rating: 4.8/5 (26 reviews)

Property Management Fee: 8% of rent per month

Years in business: 23

Davis Property Management has been managing properties in Dallas for over 20 years. It is a full-service property management company that handles all aspects of managing your property. Davis Property Management can help you save time and effort by putting their experience and knowledge to work. Its services include property advertising, tenant placement, rental analysis, on-call maintenance, and more.

Ziprent

Google Rating: 4.6/5.0 (379 reviews)

Property Management Fee: $125 /month

Years in business: 5 

Ziprent is a relatively new property management company serving Dallas renters and homeowners since 2019. The company has created a name for itself in just a few years. The founder, Arvand Sabetian, has more than a decade of experience in real estate. Ziprent handles both single-family and multi-family buildings. Its services include 24/7 customer support, maintenance, online rental processing, and more.

Frontline Property Management, Inc.

Google Rating: 4.2/5.0 (323 reviews)

Property Management Fee: 8-10%

Years in business: 33

With over three decades of experience managing single-family and multi-family properties and townhouses, Frontline Property Management, Inc. is an industry expert in Dallas-Fort Worth. It helps homeowners prepare their properties for the rental market and ensures they rent to high-performing residents. Their services include leasing, rent collection, 24/7 maintenance, and more.

Cole Group Property Management

Google Rating: 4.9/5.0 (107 reviews)

Property Management Fee: N/A

Years in business: 10+

Cole Group Property Management has been in the business for over ten years. They offer personalized leasing, property management, and real estate services. Cole Group deals in residential, commercial, and mixed-use properties. Their management services include tenant screening, rent collection, and 24/7 management. 

Keyrenter Uptown Dallas

Google Rating: 5.0/5.0 (31 reviews)

Property Management Fee: 10% of monthly rent 

Years in business: 8

With nearly a decade of experience, Keyrenter Uptown is one of the local companies serving Dallas. They incorporate modern technology, continuous innovation, and education to maintain a vacancy rate of less than 5%. Their services include tenant screening, maintenance, frequent inspections, eviction assistance, and accounting.

The Verdei Group

Google Rating: 4.5/5 (6 reviews)

Property Management Fee: 9-12%

Years in business: 11

The Verdei Group is a Dallas-based property management company specializing in single-family homes and apartment complexes. Unlike others, they have no setup or administration fees and offer end-to-end property management services without upfront costs. Their services include move-in/move-out inspections, 24/7 maintenance, and rent collection. 

The Verdei Group offers multiple management plans to meet investors’ diverse needs. It has excellent risk mitigation programs, including a tenant assurance program, pet damage protection, eviction assurance protection, and rent default insurance.

Evernest

Google Rating: 4.5/5 (9,669 reviews)

Property Management Fee: 8%-10%

Years in business: 16

Founder Matthew Whitaker started Evernest in 2008 at the beginning of the housing crisis. What started with 30 investment properties has now grown into a nationwide company serving 33 real estate markets across the U.S.A. Evernest offers in-house maintenance, a 24-hour hotline, no cancellation fees, and a waived lease fee if a tenant leaves in the first year. It specializes in handling single-family residential homes, small multi-family homes, and condos. 

Services Offered by Property Management Companies

Here is an overview of some common and specialized services offered by these companies to help you decide which ones are worth partnering with for your property:

Common Services

Tenant Screening

Tenant screening is one of the primary services nearly all property management companies offer. The tenant screening process involves conducting background checks, verifying employment history, and reviewing rental history to screen or shortlist tenants for a property. This process ensures that only responsible tenants can rent your property.

Rent Collection

All of the listed companies completely handled the rent collection process.  You don’t have to communicate with the tenant to ensure the rent is paid on time; the company handles it for you. They also manage any late fees or nonpayment issues. This helps homeowners maintain a consistent cash flow without any tenant interaction. 

Maintenance

Regular property maintenance and speedy repair are important for maintaining property value and ensuring tenant satisfaction. These property management companies conduct routine inspections, handle emergency repairs, and ensure the efficient completion of all maintenance tasks. 

Eviction Guarantee 

Evicting a tenant can be incredibly stressful for any homeowner. Fortunately, the property management company handles everything from serving notices to representing homeowners in court. They ensure that evictions are done swiftly and in a legally binding manner.

Special Services 

Pet Damage Protection 

The Verdei Group and Keyrenter Uptown Dallas offer pet damage protection. The Verdei group reimburses up to $1000 worth of property damage caused by a tenant’s pets, whereas Keyrenter Uptown also has risk mitigation programs to deal with potential pet damage. 

Free Rental Analysis 

Only Davis Property Management offers a free rental analysis. This service provides insight into market conditions and helps you understand your property’s rental value. 

Pros and Cons of Using a Property Management Company

Property management companies offer many advantages, but they also have drawbacks. Here’s a detailed look at the pros and cons:

Advantages of Hiring a Property Management Company

Time-saving

Managing a rental property is no easy feat. It involves many tasks, such as finding and screening tenants, handling maintenance requests, collecting rent, and dealing with tenant issues. Hiring a property management service will save you time. 

Professional Handling of Tenant Issues

One aspect of having a tenant is handling tenant issues. A property management company is skilled in managing tenant complaints, lease enforcement, and conflict resolution. They address all tenants’ problems promptly and professionally.

Better Tenant Retention

Good tenant retention is essential for ensuring consistent cash flow. Property management companies ensure tenant satisfaction and retention through responsive maintenance services, regular inspections, and effective communication. 

Potential Drawbacks 

Cost Considerations

Hiring a property management company comes at a cost. Their management fees typically range from 8% to 12% of the monthly rental income, significantly impacting overall profitability. Some property management companies also charge a setup fee, which can add to the cost. 

Less Direct Control

When using a property management company, you must give up a certain level of control. They will decide on tenant selection, maintenance issues, and day-to-day operations. Only opt for their services if you are comfortable with this arrangement. 

Is It Time to Sell Your Property?

Selling a property might be the more practical choice when managing it becomes financially difficult. When maintenance costs exceed rental income, it signals it is time to sell. In Dallas, the market conditions favor homeowners as prices rise, allowing for profitable transactions.  

Selling your property gives you immediate financial liquidity. If you are in a situation where you need immediate financial assistance, selling is the right choice. The truth is that even with a property management company, you might still be concerned about your house. Selling will give you peace of mind and financial freedom to pursue other real estate opportunities. 

Selling Your Property with A-List Properties

A-List Properties assists homeowners looking to sell their property quickly and efficiently in Dallas. We offer competitive cash offers and ensure a hassle-free transaction process. Many homeowners have transitioned from costly property management with our expertise and market knowledge. Do you also want to be one? Contact us today! 

Making the Decision: Manage or Sell?

When deciding whether to continue managing or sell a property, you must consider many factors. The truth is that whether property management or selling is the right choice for you is a personal decision. If you want immediate asset liquidity and the financial freedom to pursue other opportunities, selling is the right option.

However, hiring a property manager might be better if you want consistent cash flow in the long run. When choosing between managing and selling, consider each decision’s financial and emotional impact. How do you feel about selling your property? Does it bring you financial freedom and help you out of a difficult situation? Ask yourself these questions and then make a decision that aligns with your financial and lifestyle goals. 

Make the Best Decision for Your House in Dallas, TX

We have reviewed some of Dallas’ best property management companies that offer various services to benefit property owners. However, the key to maximizing your property is to assess your situation and determine whether management or selling is the right decision for you. A-List Properties can offer invaluable assistance and ensure a profitable deal if you consider selling.