The 20 Best Property Management Companies in Cleveland for 2021

Cleveland is among the hottest housing markets in 2021, according to a report from Crain’s Cleveland Business. Home values have increased by nearly 19% year-over-year and are forecast to grow by more than 13% over the next 12 months.

Remote real estate investors buying rental property in Cleveland rely on a good local property manager to take care of daily details such as leasing and rent collection, and repairs and maintenance, to help maximize returns and increase property value.

Recently we contacted the top property management companies in Cleveland and asked them to provide the following information (if available):

  • BBB Rating
  • Years in Business
  • Property Management Fee
  • Leasing Fee
  • Renewal Leasing Fee
  • Maintenance Fee
  • Property Setup Fee
  • Project Management Fee
  • Rentals Managed

The property management companies had about 24 hours to respond to our inquiry. That’s the same amount of time an investor would reasonably expect their management company to reply to a leasing inquiry, routine maintenance request from a tenant, or a question about local management services from a remote real estate investor.

Information on companies that didn’t respond was gathered from publicly available sources on the internet.

We’ve also included Roofstock Preferred Property Managers in Cleveland. All Roofstock property managers are vetted by our team of experts, certified, and monitored for ongoing performance with our network of investors.

Note: Roofstock investors potentially receive preferred pricing through vendors specified below as Roofstock Preferred Property Managers.

 

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Allstar Management (Roofstock Preferred Property Manager)

Allstar Management offers property management and maintenance services at affordable prices, including leasing, online rent payment, general contracting, and lawn & yard maintenance. The company has sustained high levels of year-over-year growth and maintains a sharp focus on investor return on investment.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: Not publicly available.
  • Property Management Fee: 8% of monthly rent collected
  • Leasing Fee: 100% of first month’s rent
  • Renewal Leasing Fee: 25% of first month’s rent
  • Maintenance Fee: All work is performed at cost with no mark-ups.
  • Property Setup Fee: None
  • Project Management Fee: None
  • Rentals Managed: Not publicly available.

Visit Allstar Management’s website

 

IIP Management (Roofstock Preferred Property Manager)

IPP Management has an in-house staff prepared to meet the demands of property management 24 hours a day. Whether you have one rental home or a large portfolio of investment properties, IPP Management helps owners to minimize costs and maximize income.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 20 years of combined real estate industry experience.
  • Property Management Fee: 10% of gross monthly rent ($100 minimum per unit) - occupied units only*
  • Leasing Fee: 100% of first month’s rent
  • Renewal Leasing Fee: $250 flat fee
  • Maintenance Fee: Time + cost of materials
  • Property Setup Fee: $30 per property
  • Project Management Fee: None
  • Rentals Managed: Not publicly available.

Visit IIP Management’s website

 

Rearden Property Management (Roofstock Preferred Property Manager)

Ben Smalley with Rearden Property Management personally supplied us with the following information:

Rearden Property Management services the Cleveland, Cincinnati, and Dayton real estate markets. The company works with remote real estate investors who own everything from single-family homes to 25+ unit buildings. 

By focusing on tenant selection and online services, on-time rent collections are higher, leading to better returns for investors. Rearden strives to deliver top-quality service to rental property owners including free online bill pay for tenants, no maintenance mark-up, no fees on lease renewals, late fees passed through to owners, and frequent communication.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 5
  • Property Management Fee: Varies based on property type, locations, and units under management; no fee between tenant turns.
  • Leasing Fee: One month of rent, maximum of $900 for single-family rentals.
  • Renewal Leasing Fee: $0
  • Maintenance Fee: Billed at cost with no mark-up to the owner.
  • Property Setup Fee: None
  • Project Management Fee: Hourly rate varies based on project.
  • Rentals Managed: 65
  • Other: Recently expanded to Cincinnati and Dayton, Ohio.

Visit Rearden Property Management’s website

 

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4 AM Properties

4 AM Properties specializes in providing real estate investors with effective and affordable property management services for income-producing rental properties. The company provides a comprehensive package of rental management services to help fill vacancies fast, increase revenues, and manage expenses.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 5
  • Property Management Fee: Contact for more info.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: Not publicly available.

Visit 4 AM Properties website

 

B2B Property Management

According to the company’s website, B2B offers an effective single-source real estate management solution for residential and apartment building owners. 

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 23 years of experience.
  • Property Management Fee: Contact for more info.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: Not publicly available.

Visit B2B Property Management’s website

 

Cleveland Property Management Group

Cleveland Property Management Group touts itself as a leader in managing single-family homes and condos. The company provides services to rental property investors including a home evaluation, marketing, tenant screening, maintenance, and accounting.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 15 years of full-service real estate experience.
  • Property Management Fee: Contact for more info.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: Not publicly available.

Visit Cleveland Property Management Group’s website

 

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Darwin

Darwin operates in multiple markets including Cleveland and Akron, and multiple cities in Texas. The company helps investors generate higher returns by using technology to eliminate inefficiencies and automate processes to provide a great property management service at a flat rate price.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: Unknown
  • Property Management Fee: $99 per month.
  • Leasing Fee: 75% of first month rent.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: None.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: 350+ units

Visit Darwin’s website

 

DTS Property Management

DTS Property Management services investors across more than 20 counties in Ohio. According to their website, the firm has a bigger pool of potential renters, collects and deposits rent payments on time, and knows the area to set the highest possible rent.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: Contact for more info.
  • Property Management Fee: Contact for more info.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: 100+

Visit DTS Property Management’s website

 

Elle Management Services

Elle Management Services is a fully integrated real estate firm with expertise in property management, investments, and project management services. The company is an affiliate partner of Tenantcloud.com, a property management software system that offers numerous features such as allowing tenants to pay rent online and make detailed maintenance requests.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 14
  • Property Management Fee: Contact for more info.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: Not publicly available.

Visit Elle Management Services’ website

 

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High Tech Property Management

High Tech Property Management offers real estate investors flexible solutions designed to help keep rental property profitable. The company offers a full array of property management services including property marketing, tenant screening, rent collection, maintenance, and property inspections.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: Unknown.
  • Property Management Fee: Packages start at 8% of the monthly rent collected, with a minimum of $79.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: $149 - $295
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: Not publicly available.

Visit High Tech Property Management’s website

 

Holton-Wise Commercial & Residential Real Estate

Holton-Wise manages over 1,000 rental units in the Greater Cleveland area and employs a staff of over 60 people including leasing and sales agents, maintenance technicians, and general contractors. The company serves three main customer bases: Real estate investors, tenants, and traditional home buyers and sellers.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: Offering property management to investors since 2013.
  • Property Management Fee: 10% of monthly rent collected, minimum fee of $50 per unit.
  • Leasing Fee: One month of rent
  • Renewal Leasing Fee: $295
  • Maintenance Fee: $75/hour fee per visit to property + various fees for other services.
  • Property Setup Fee: $295 setup fee + $295 final accounting fee when contract is terminated.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: +1,000 units
  • Other: $15 bill payment fee per bill paid on behalf of owner.

Visit Holton-Wise’s website

 

Home Suite Home Property Management

Home Suite Home aims to provide rental property owners with solutions to keep properties operating smoothly, increase their desirability to tenants, and help enhance overall investment value.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 9
  • Property Management Fee: Contact for more info.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: 55

Visit Home Suite Home Property Management’s website

 

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Howard Hanna

According to the company’s website, the property management team at Howard Hannah provides a full array of professional property management services designed to meet the needs of rental property investors and help increase ROI.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: Unknown.
  • Property Management Fee: Contact for more info.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: 2,800 rental properties in Ohio, Michigan, Virginia, and North Carolina.

Visit Howard Hanna’s website

 

Ohio Rental Managers

Ohio Rental Managers offers à la carte property management fees to owners of single-family rental homes, condos, and multifamily units in Cleveland and the surrounding suburbs. Tenants pay the rent directly to owners, and owners select property management services or maintenance requests as needed.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: Unknown
  • Property Management Fee: None
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Yes, contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: Not publicly available.

Visit Ohio Rental Managers’ website

 

Progressive Urban Property Management

Property owner services from Progressive Urban Property Management include a free rental analysis, property listing and marketing, tenant screening and lease preparation, and proactive rental property maintenance. The company offers an Essential Management package and a Premium Management package.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 20 years of experience in the real estate business.
  • Property Management Fee: 9% of monthly rent collected with a minimum fee of $75.
  • Leasing Fee: 100% of first month’s rent 
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: Not publicly available.

Visit Progressive Urban Property Management’s website

 

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REDS Property Management Company

Edward Wolf is a Managing Member at REDS Property Management LLC and personally supplied us with the following information:

REDS Property Management LLC/REDS Realty & Associates was founded in 2006 and services the Cuyahoga, Lorain, and Summit counties along with several other areas in the Greater Cleveland area. 

The company understands the needs of remote real estate investors and takes a hands-on approach to property management, including meeting tenants, property inspections, contractor follow-up, and “just plain common sense approach to the rental property business.”

  • BBB Rating: N/A
  • Years in Business: 15
  • Property Management Fee: 10% of monthly rent collected, minimum of $65 per month
  • Leasing Fee: 50% of first month’s rent or 100% if listed in the MLS
  • Renewal Leasing Fee: $100
  • Maintenance Fee: Varies based on repairs or improvements required
  • Property Setup Fee: $75 per unit
  • Project Management Fee: $27.50 per hour
  • Rentals Managed: 600
  • Other: Additional fees including evictions, attorney costs, and notice delivery

Visit REDS Property Management Company’s website

 

Renting Doors LLC

Renting Doors is a Veteran-owned property management company in the Cleveland metropolitan area that is highly experienced in quickly obtaining quality tenants, according to the company’s website. The firm offers three property management packages, along with a leasing guarantee, online rent collection, and both tenant and owner access portals.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: Unknown
  • Property Management Fee: $100 - $150 per month, or 5% of rent collected per month for homes valued from $300K - $1M or more.
  • Leasing Fee: $1,000 or 50% of first month’s rent for homes valued at $300K or more.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: Not publicly available

Visit Renting Doors’ website

 

Sutton Development Group

Sutton Development is a full-service real estate company providing commercial and residential development services, and property management in the Greater Cleveland area. 

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 40+
  • Property Management Fee: Contact for more info.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: Not publicly available.

Visit Sutton Development Group’s website

 

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Vanguard Property Management

Vanguard Property Management offers management services including property maintenance, accounting, and leasing. The principals of the company have over 70 years of combined experience in all aspects of the real estate industry and can provide owners with custom management programs to suit specific needs.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 22
  • Property Management Fee: Contact for more info.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: Not publicly available.

Visit Vanguard Property Management’s website

 

Winwood Properties

Winwood Properties provides comprehensive property management and leasing services to residential and commercial investors in the Cleveland metropolitan area. Property management services include property marketing and leasing, tenant relations, regular on-site inspections, and strategic planning to help owners maximize ROI.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 25
  • Property Management Fee: Contact for more info.
  • Leasing Fee: Contact for more info.
  • Renewal Leasing Fee: Contact for more info.
  • Maintenance Fee: Contact for more info.
  • Property Setup Fee: Contact for more info.
  • Project Management Fee: Contact for more info.
  • Rentals Managed: 400 units

Visit Winwood Properties’ website

 

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This article, and the Roofstock Blog in general, is intended for informational and educational purposes only, and is not investment, tax, financial planning, legal, or real estate advice. Roofstock is not your advisor or agent. Please consult your own experts for advice in these areas. Although Roofstock provides information it believes to be accurate, Roofstock makes no representations or warranties about the accuracy or completeness of the information contained on this blog.
Jeff Rohde

Author

Jeff Rohde

Jeff has over 25 years of experience in all segments of the real estate industry including investing, brokerage, residential, commercial, and property management. While his real estate business runs on autopilot, he writes articles to help other investors grow and manage their real estate portfolios.

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