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Miami has always been one of the best US cities to buy an investment property to rent out on a short-term or long-term basis. The solid economy, the strong job market, and the large population bring above-average returns to landlords, while the position of the city as one of the most popular tourist destinations worldwide results in excellent opportunities for Airbnb hosts. Moreover, the Miami real estate market is more affordable than many other best locations, thus attracting both local and remote investors.
Let Awning find the best property manager for your rental property. Simply fill out the form and Awning will find a property manager that provides the best rates and services for your property.
The 5 best property management companies in Miami are:
- HomeRiver Group: Best Overall Property Management Company in Miami
- Novel Management: Best for Different Property Types
- Properties Miami: Best for Luxury Rentals
- Pristine Property Management LLC: Best for Investors with Portfolios
- Nanny Property Management: Best for Guarantees and Protections
How We Selected the Best Property Management Companies in Miami
When choosing the best property managers in Miami, a lot of different factors should be taken into consideration for the ranking to be comprehensive, accurate, and objective.
In our selection of the 6 best Miami property management companies, we used the following criteria;
- Property management services: We looked for property managers that provide comprehensive services at high quality, making sure that investors can benefit from both passive income and maximized ROI.
- Property management fees and costs: We chose companies with transparent, clear pricing models that charge competitive rates in the local market.
- Rental market coverage: We selected companies that operate across the entire Miami rental market.
- Rental property type coverage: We included property management companies that work with both short-term and long-term rentals of different residential types.
- Company size and headquarters: We ranked both small, local property managers and large, national companies as each model has its own pros and cons.
- Technology use: We factored in whether companies take advantage of the latest real estate technology to boost efficiency while retaining the human touch where it’s most needed.
- Online ratings and reviews: We looked at the overall ratings of property management companies on third-party websites as well as at individual reviews by property owners and renters.
- Value for money: At the end, we selected the 6 Miami property managers that offer the best value for money.
HomeRiver Group: Best Overall Property Management Company in Miami
HomeRiver Group is the biggest, third-party property manager for long-term rentals in the US market. John Hirschfeld, Andrew Propst, Doug Dale, and Joshua Bangert created the company in 2016, with headquarters in New York, NY. The company has achieved its current ranking by acquiring the best local property managers in different markets and turning them into partners. At the moment, HomeRiver Group manages 40,000+ rental properties in addition to 32,000+ homes within HOA communities. They are the best overall property management company in Miami because they provide superior services at competitive prices.
HomeRiver Group Property Management Services
As the top Miami property management company, HomeRiver Group provides full-service management including:
- Expert market analysis to maximize return on investment
- Marketing across the best online rental platforms
- Fast leasing to reduce vacancy
- Tenant screening
- Move-in and move-out
- Rent collection
- Owner payout disbursement
- Routine inspections
- Maintenance coordination including emergency repairs and preventive services through dedicated vendors
- Financial reporting
- Eviction protection
HomeRiver Group Property Management Locations
HomeRiver Group manages properties in the following areas of the Miami rental market:
- Aventura
- Coral Gables
- Cutler Bay
- Doral
- Hialeah
- Homestead
- Kendall
- Key Biscayne
- Miami
- Pinecrest
HomeRiver Group Property Types
In the Miami market, HomeRiver Group works with single-family homes, townhouses, condos, and apartments.
HomeRiver Group Property Management Costs
The Miami office of HomeRiver Group does not provide online information about the fees charged by them. Across the US though, the company charges some of the lowest property management prices, ranging from 4% to 9% of monthly rent. Additional costs that landlords can expect to cover include leasing, lease renewal, quarterly or biannual property inspections, HVAC tune-up, gutter cleaning, and eviction protection.
HomeRiver Group Property Management Terms
The website of HomeRiver Group Miami does not explain the terms of the management agreement. In most cases, HomeRiver Group asks owners to sign an initial contract for 6 or 12 months, after which they can choose monthly agreements as well.
HomeRiver Group Property Management Reviews
More than 100 property owners and tenants have reviewed the HomeRiver Group Miami office. Reviews show mixed experiences.
You can find HomeRiver Group reviews focused on the services provided by the Miami team on:
Positive reviews by satisfied landlords and renters focus on the unmatched services, the smooth and efficient processes, the thoroughness and knowledge of the local team, the professionalism and promptness of the staff, and the fantastic communication. Negative reviews mention discrepancies between rental listings and actual properties, lack of proper landscaping, poorly maintained rentals, and unsatisfactory customer service.
How to Get Started with HomeRiver Group Property Management
To get started with the best overall property management company real estate investors can submit an online form via HomeRiver Group or call 415-610-7867.
Novel Management: Best for Different Property Types
Novel Management is a local, full-service property management company working with long-term rentals. Federico Nuñez established the company in 2015, with headquarters in Miami, FL. The team aims to relieve owners from the stress of property management and allow them to focus on maximizing income and enjoying a relaxing lifestyle. Novel Management takes care of various kinds of single-family and multifamily homes which makes them the best Miami property management company for different types of rental properties.
Novel Management Services
The property management services provided by Novel Management are:
- Competitive rental price analysis
- Leasing
- Extensive tenant screening including credit check, employment verification, debt to income ratio, eviction history, criminal history, and landlord recommendation letters
- Online rent collection
- Move-in and move-out inspections
- Yearly property evaluation (optional)
- Security deposit deductions
- Maintenance and repairs coordination including responsive and trustworthy vendors
- Online accounting
- Detailed financial reporting
- Income statements
- Rental owner statements
- Balance sheets
- Handling evictions through a team of specialized lawyers
Novel Management Locations
Novel Management serves the following markets:
- Aventura
- Brickell
- Coral Gables
- Doral
- Downtown
- Homestead
- Key Biscayne
- Miami
- Miami Beach
- Miami Lakes
- Miami Shores
- North Miami
- Pinecrest
- South Miami
- Sunny Isles
Novel Management Property Types
Novel Management works with different residential property types including but not limited to single-family homes, townhouses, condos, residences, and small multifamily homes. This diverse management portfolio makes this the best Miami property manager for owners with various kinds of investments.
Novel Management Costs
Novel Management offers a single full-service property management package including:
- Monthly management fee: 9% of monthly rent for a maximum of $250/month
- Leasing fee: One month’s rent
- Lease renewal fee: $100
Novel Management Terms
Novel Management does not specify the terms of the management agreement that investors need to sign. Thus, interested landlords should contact the company office and ask for a copy of the contract to review before deciding if this is the best property manager in the Miami market for their exact needs.
Novel Management Reviews
There are only a few online reviews of Novel Management by landlords and renters. They show generally positive experiences.
You can find Novel Management reviews on:
- Google: Currently 4.6/5 stars based on 28 reviews
- Birdeye: Currently 4.6/5 stars based on 28 reviews
- TrustAnalytica: Currently 4.7/5 stars based on 24 reviews
Happy property owners and tenants praise the exceptional services, the hassle-free experiences, the responsive and reliable team, the professionalism and expertise of the staff, the good handling of tough situations, and the excellent communication. Unhappy customers complain about wrongful claims, unethical practices, lack of professionalism, and inability to deal with challenging situations.
How to Get Started with Novel Management
To get started with the best property management company in Miami for different property types, real estate investors can fill out an online form on the Novel Management website or call 305-400-9479.
Properties Miami: Best for Luxury Rentals
Properties Miami is a Miami-based full-service property management company. The company was founded in 2002, with headquarters in Miami, FL. The team believes in the need for hyper local focus as each Miami neighborhood has its own rental market and specifications, and the company is structured to reflect this belief. Along with various single-family homes, Properties Miami manages luxury condos, apartments, and penthouses, which makes them the best property manager for high-end rentals in Miami.
Properties Miami Property Management Services
Properties Miami delivers comprehensive management to luxury and more conventional long-term rentals in Miami, including:
- Marketing and advertising on the MLS and other popular rental websites
- Property showings
- Detailed tenant screening including background check, rental history, and rental report
- Rent collection
- Owner payout disbursement
- Regular property inspections
- Property maintenance
- Regular communication with property owners
- Financial reporting
- Eviction service
Properties Miami Property Management Locations
The property management services offered by Properties Miami are available in the following Miami neighborhoods:
- Aventura
- Bal Harbour
- Bay Harbor Islands
- Brickell
- Brickell Key
- Coconut Grove
- Coral Gables
- Downtown Miami
- Eastern Shores
- Edgewater
- Fisher Island
- Fort Lauderdale
- Golden Beach
- Hallandale Beach
- Hollywood
- Hollywood Beach
- Indian Creek
- Key Biscayne
- Las Olas
- Miami Beach
- Miami Lakes
- Miami Shores
- North Bay Village
- North Miami Beach
- Palmetto Bay
- Pinecrest
- South Beach
- South Miami
- Sunny Isles Beach
- Sunrise
- Surfside
- Weston
- Williams Island
- Wynwood
Properties Miami Property Types
Properties Miami works with various types of residential properties including single-family homes, villas, townhouses, condos, apartments, duplexes, triplexes, other small multifamily properties, and penthouses. They focus on luxury apartments and luxury penthouses.
Properties Miami Property Management Costs
Properties Miami charges a monthly property management fee of 10% of monthly rent. The rate can be reduced for investors who plan to list 10+ properties with the company.
Properties Miami Property Management Terms
The Properties Miami website does not supply a copy of the management contract, so landlords need to get in touch with the company and ask for it.
Properties Miami Property Management Reviews
There are no online reviews of Properties Miami on third-party websites. This is rather unusual for the best Miami property management companies. We recommend that interested investors try to connect with investors in the Miami real estate market who work with Properties Miami and inquire about their experiences. You can use online real estate investing forums for this purpose.
How to Get Started with Properties Miami Property Management
To get started with the best property management company in Miami for luxury rentals, property owners can submit an online form via the Properties Miami website or call 786-505-4939.
Pristine Property Management LLC: Best for Investors with Portfolios
Pristine Property Management LLC (PPM) is a premier full-service long-term rental management company operating across the Miami and Fort Lauderdale real estate markets. Eddie Miller and Alekxey Sabido created the company in 2011, with headquarters in Miami, FL. The team works towards delivering the highest levels of professionalism, competence, and integrity to both property owners and tenants. Pristine Property Management works with diverse domestic and foreign clients who own single-family homes, condos, and multifamily properties. The company offers significant discounts to owners with 8+ rental units, which makes them the top Miami property manager for investors with rental portfolios.
Pristine Property Management LLC Services
Pristine Property Management offers full services comprising:
- Rental market analysis
- Marketing including professional yard sign and lockbox, the company website, customized property websites, MLS publications, local brokers, social media, trade publications, Section 8 databases, and emails
- Property showings
- 8-step tenant screening including rental history, evictions, credit score and credit report, criminal record, reference check, and income verification
- Pet screening
- Lease preparation and signing coordination
- Security deposit collection
- Re-keying and changing codes between tenants
- Move-in and move-out property assessments and walkthroughs
- Rent collection
- Owner payout via direct deposit
- Routine inspections
- Maintenance scheduling
- Financial reporting
- Monthly financial reports
- Annual summary owner statement
- Year-end 1099 form
- Eviction management services
In addition to these comprehensive services, Pristine Property Management also provides the following guarantees to property owners:
- New Tenant Guarantee: Pristine Property Management is paid only after a tenant pays the deposits and the first month’s rent.
- Lease Break Guarantee: The company will find a new tenant for free if a renter breaks the lease in the first year.
- Management Fee Guarantee: The property manager collects property management fees only on the rent they collect. There is no fee for vacant properties.
- Monthly Deposit Guarantee: Pristine Property Management makes transfers to landlords no later than the 12th of the month.
- Inspection Guarantee: The company inspects the exterior of properties under their management every 6 months and the interior at least once a year.
- Fair Housing Guarantee: The company follows strictly fair housing laws.
- Insurance Guarantee: Pristine Property Management is a licensed real estate office with errors and omissions insurance, and all handymen and cleaners are covered by liability insurance.
Pristine Property Management LLC Locations
Pristine Property Management covers the majority of Miami-Dade County and Broward County, including:
- Aventura
- Brickell
- Coconut Grove
- Coral Gables
- Dania Beach
- Davie
- Fisher Island
- Fort Lauderdale
- Hallandale
- Hialeah
- Hollywood
- Kendall
- Miami
- Miami Beach
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Miramar
- North Miami
- North Miami Beach
- Pembroke Pines
- Plantation
- Pompano Beach
- Sunny Isle
- Sunrise
- Surfside
- Westchester
- Weston
Pristine Property Management LLCProperty Types
Pristine Property Management works with both single-family homes and multifamily properties in the Miami rental market.
Pristine Property Management LLC Costs
Pristine Property Management has a transparent pricing model, including:
- Monthly management fee: 10% of monthly rent for a maximum of $300/month
- Leasing fee: One month’s rent
- Lease renewal fee: $250
This means that landlords pay only when their property is occupied. Moreover, the company offers a discounted property management fee equivalent to 8% of monthly rent to owners with 8+ units.
Pristine Property Management LLC Terms
The company does not explain the property management agreement that they use. Thus, investors should ask for a copy and diligently review it before opting in.
Pristine Property Management LLC Reviews
More than 1,000 real estate investors and tenants have reviewed the services of Pristine Property Management online. These reviews show very good overall experiences.
You can find Pristine Property Management reviews on:
- Birdeye: Currently 4.9/5 stars based on 398 reviews including 386 Google reviews
- Google: Currently 4.9/5 stars based on 339 reviews
- ChamberofCommerce.com: Currently 4.9/5 stars based on 276 reviews
- Facebook: Currently 4.8/5 stars based on 17 reviews
Positive reviews by satisfied property owners and tenants highlight the seamless and transparent processes, the extraordinary team members, the awesome staff, the professionalism and knowledge, the expert solving of problems, the quick responses to maintenance issues, and the available customer support. Negative reviews discuss slow implementation of maintenance requests, unprofessional attitude and conduct, inattentive and unpleasant staff, and lack of proper communication.
How to Get Started with Pristine Property Management LLC
To get started with the best property management company in Miami for investors with rental portfolios, landlords can fill in an online form on the Pristine Property Management LLC website or call 305-400-4842.
Nanny Property Management: Best for Guarantees and Protections
Nanny Property Management is a Florida-based full-service property management company. The company was established in 2008, with headquarters in Hallandale Beach, FL. The team has focused on creating a business culture built on trust that always prioritizes clients’ investments. At the moment, Nanny Property Management takes care of 700+ single-family and multifamily homes rented out on a long-term basis. This is the best property manager in the Miami real estate market for landlord guarantees and protections.
Nanny Property Management Services
As one of the best Miami property managers, Nanny Property Management offers the following comprehensive services:
- Expert market analysis
- Rental listing with photos and video tours
- Marketing, advertising, and syndication on 50+ websites including the MLS
- Tenant screening including credit, background, and eviction checks
- Tenant showings
- Lease preparation and execution
- Move-in and move-out inspections using the ZInspector system
- Rent collection
- Owner payments via ACH
- Lease enforcement
- Utility concierge services
- Property tax, mortgage, personal tax, and other bills payments
- HOA payments
- 24/7 emergency line
- Maintenance coordination
- Detailed financial reporting
- Monthly owner statements
- Yearly tax statements
- Eviction
In addition to the above-listed services, Nanny Property Management also provides many guarantees, which makes it the best Miami rental management company for landlord protection. These guarantees include:
- 30-Day Guarantee: Nanny Property Management will provide 2 months of free services in case they don’t find a quality tenant in less than 30 days for a vacant, move-in ready rental available for showing.
- Leasing Guarantee: The property manager will find a new renter for free if a tenant placed by them doesn’t fulfill the first 12 months of lease.
- Satisfaction Guarantee: Property owners can cancel services with a 30-day notice if they are not 100% satisfied.
- Results Guarantee: Nanny Property Management will not charge fees before rent is collected.
- Eviction Guarantee: The company will pay up to $800 in court fees if a tenant placed by them has to be evicted.
- Pet Guarantee: The property manager will pay up to $1,000 in damage that exceeds the security deposit if the pet owner was placed by them.
Nanny Property Management Locations
Nanny Property Management covers the following markets of the Miami metropolitan area:
- Miami-Dade County: Aventura, Bal Harbour, Brickell, Coral Gables, Doral, Downtown Miami, Hialeah, Homestead, Kendall, Miami, Miami Beach, Miami Gardens, Miami Lakes, North Miami, Sweetwater, Sunny Isles, and Surfside
- Broward County: Coconut Creek, Coral Springs, Dania Beach, Davie, Deerfield Beach, Fort Lauderdale, Hallandale, Hollywood, Lauderhill, Lauderdale By the Sea, Lauderdale Lakes, Margate, Miramar, North Lauderdale, Oakland Park, Pembroke Park, Pembroke Pines, Plantation, Pompano Beach, Sunrise, Tamarac, and Weston
- Palm Beach County: Boca Raton, Boynton Beach, Delray Beach, Greenacres, Lake Worth, Lantana, Palm Beach, Riviera Beach, and West Palm Beach
Nanny Property Management Property Types
This Miami property manager works with single-family homes, townhouses, condos, and multifamily apartments.
Nanny Property Management Costs
Nanny Property Management offers 3 pricing plans including:
Leasing & Tenant Placement: This plan includes everything needed to get a property occupied.
- Leasing fee: One month’s rent
- Renewal fee: 50% of one month’s rent
- Move-out inspection: $100
- Maintenance coordination: $100 + 10% of maintenance cost
- 24/7 emergency line: $200 + 10% of maintenance cost
- Post legal notice: $60
- City and county inspection and compliance: $300 + 10% of maintenance cost
- Eviction admin fee: $150/eviction
- Local mailing address services: $150/year
- Renewal of Florida business license: $80/year
- Property tax payment and processing services: $80
- Domestic wire fee: $30
- International wire fee: $50
Full Service: This plan includes everything needed to run a long-term rental business, with all services covered by the monthly property management fee.
- Monthly management fee: 8% of monthly rent for a maximum of $200/month
- Leasing fee: One month’s rent
- Renewal fee: 50% of one month’s rent
A La Carte: With this plan, landlords can choose for which services to opt in based on their needs.
- Monthly management fee: $90
- Leasing fee: One month’s rent
- Renewal fee: 50% of one month’s rent
- Move-out inspection: $50
- Set up: $100
- Maintenance coordination: 10% of maintenance cost
- 24/7 emergency line: 10% of maintenance cost
- Lease enforcement: $100
- Post legal notice: $30
- Emails and calls: 3/month included; $10/each extra
- City and county inspection and compliance: $100 + 10% of maintenance cost
- Eviction admin fee: $100/eviction
- Vacant management: $30
- Local mailing address services: $100/year
- Renewal of Florida business license: $50/year
- Property tax payment and processing services: $50
- Mortgage payments: $20/bill
- Personal tax payments and other bill processing: $20/bill
- Domestic wire fee: $30
- International wire fee: $50
- Cash reserves for timely maintenance: $500
Nanny Property Management Terms
The website of Nanny Property Management does not provide a copy of the management agreement that owners need to sign. Thus, they should contact the company and ask for it in order to be able to review it in detail.
Nanny Property Management Reviews
There are no online reviews of Nanny Property Management. Interested property owners should try to connect with investors in the local market who have worked with this property manager to ask about their experiences and opinions.
How to Get Started with Nanny Property Management
To get started with the best property management company in Miami for guarantees and protections, real estate investors can submit an online form via the Nanny Property Management website or call 954-570-1950.
Takeway
These are the 6 top property management companies in Miami. HomeRiver Group and Awning are the best property managers for long-term and short-term rentals, respectively. Novel Management and Pristine Property Management LLC are good options for investors with diverse portfolios. Meanwhile, landlords with luxury properties can check out Properties Miami, and landlords looking for the best guarantees and protections should consider Nanny Property Management.
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