Owners of rental property in Detroit often need a reliable, local manager to handle the daily details of property management such as tenant screening, rent collections, maintenance and repairs. A good property manager can help to keep occupancy levels high and cash flow strong, which can lead to greater returns on investment.
We’ve put together a list of 12 property management companies worth taking a look at if you’re thinking about investing in single-family rental homes or multifamily properties in Detroit.
To help your sort through the list of companies, we’ve included the following key information for each property manager (where available):
- BBB Rating
- Years in Business
- Property Management Fee
- Leasing Fee
- Renewal Leasing Fee
- Maintenance Fee
- Property Setup Fee
- Project Management Fee
- Rentals Managed
We’ve also included three Roofstock Preferred Property Managers in Detroit. All Roofstock property managers are vetted and monitored for ongoing performance with our network of global investors.
Note: Roofstock investors may receive preferred pricing through companies identified below as Roofstock Preferred Property Managers.
Evernest (Roofstock Preferred Property Manager)
With offices in eight cities including Detroit, Evernest manages over 4,500 properties for 2,500 investors and homeowners. The firm works with clients with just one or two rental properties all the way up to major real estate funds. Evernest has in-house maintenance that comes with a 12-month warranty, in-house tenant screening to improve rent collection, and resources and opportunities not often afforded by a smaller property management company. The company typically leases property in less than 30 days and claims that 74% of their renters renew their leases.
Key Metrics:
- BBB Rating: Not accredited
- Years in Business: 13
- Property Management Fee: 8%
- Leasing Fee: 50% of first month’s rent
- Renewal Leasing Fee: $150 flat fee
- Maintenance Fee: 10% of total project cost
- Property Setup Fee: None
- Project Management Fee: Time + cost of materials
- Rentals Managed: +4,500 in eight states
Hemlane (Roofstock Preferred Property Manager)
Hemlane provides an innovative property management platform in all 50 states backed by local, in-person partners to help find and place a tenant. With service in 1,520 cities and 9,100 units under management, Hemlane boasts a customer retention rate of 98%. The firm claims to let investors control the property management while they take care of local and administrative tasks. Property management services from Hemlane include leasing, easy-to-use software, local agents, and maintenance coordinators.
Key Metrics:
- BBB Rating: Not rated
- Years in Business: 6
- Property Management Fee: $62 flat fee / $32 per additional unit
- Leasing Fee: 50% - 100% of first month’s rent, depending on services needed
- Renewal Leasing Fee: None
- Maintenance Fee: None
- Property Setup Fee: None
- Project Management Fee: Varies based on project and agent
- Rentals Managed: Not publicly available. Contact for more info.
Marketplace Homes (Roofstock Preferred Property Manager)
Boasting over 1,000 online reviews with a 4.6 star rating, Marketplace Homes is the most rated and highest rated property management company by investors in the US on Google and Zillow. Roofstock investors receive a property management fee of just $99 per month with no start-up fee and, if a vacant home isn’t rented within 30 days, their service is free. The company’s 85-person, US-based team says it turns vacant rental property over in an average of 5 days and averages 17 days to fill a home, with 97.5% of tenants paying on time.
Key Metrics:
- BBB Rating: A+
- Years in Business: 16
- Property Management Fee: $99 per month
- Leasing Fee: $1,000 flat fee
- Renewal Leasing Fee: None
- Maintenance Fee: Time + cost of materials
- Property Setup Fee: None
- Project Management Fee: 10% of total project cost
- Rentals Managed: Not publicly available. Contact for more info.
View Marketplace Homes’ website
Champion Property Management
This company provides professional property management services in Detroit with affordable flat fee landlord assist and rental only programs. No hassle property management services from Champion include tenant screening, rent collection and evictions, and easy access to quality repairs services.
Key Metrics:
- BBB Rating: A+
- Years in Business: 24
- Property Management Fee: Not publicly available. Contact for more info.
- Leasing Fee: 50% - 100% of first month’s rent
- Renewal Leasing Fee: Not publicly available. Contact for more info.
- Maintenance Fee: Not publicly available. Contact for more info.
- Property Setup Fee: Not publicly available. Contact for more info.
- Project Management Fee: Not publicly available. Contact for more info.
- Rentals Managed: Not publicly available. Contact for more info.
View Champion Property Management website
Great Lakes Property Management Group, LLC
Great Lakes Property Management works with remote real estate investors from around the US and the world, providing property management service for both single-family and multifamily homes.
Key Metrics:
- BBB Rating: A+
- Years in Business: 12
- Property Management Fee: Not publicly available. Contact for more info.
- Leasing Fee: Not publicly available. Contact for more info.
- Renewal Leasing Fee: Not publicly available. Contact for more info.
- Maintenance Fee: Not publicly available. Contact for more info.
- Property Setup Fee: Not publicly available. Contact for more info.
- Project Management Fee: Not publicly available. Contact for more info.
- Rentals Managed: Not publicly available. Contact for more info.
View Great Lakes Property Management Group’s website
MBA Management
MBA Management is a Detroit property management company that strives to help owners achieve maximum return on investment while maintaining high property standards. Services include tenant screening and placement, maintenance, and rent reports.
Key Metrics:
- BBB Rating: Not rated
- Years in Business: Not publicly available. Contact for more info.
- Property Management Fee: 10% per month, minimum $50
- Leasing Fee: Not publicly available. Contact for more info.
- Renewal Leasing Fee: Not publicly available. Contact for more info.
- Maintenance Fee: Not publicly available. Contact for more info.
- Property Setup Fee: Not publicly available. Contact for more info.
- Project Management Fee: Not publicly available. Contact for more info.
- Rentals Managed: Not publicly available. Contact for more info.
Nelson Property Management
This family owned and operated company strives to offer the best property management in the Metro Detroit area by constantly monitoring the local market to identify trends that impact investors’ bottom lines. Nelson Property Management offers three pricing plans to help meet the needs of every rental property investor.
Key Metrics:
- BBB Rating: Not rated
- Years in Business: 10
- Property Management Fee: $100 - $150 per month
- Leasing Fee: 100% of first month’s rent
- Renewal Leasing Fee: $330
- Maintenance Fee: None
- Property Setup Fee: None
- Project Management Fee: None
- Rentals Managed: Not publicly available. Contact for more info.
View Nelson Property Management website
Own It Detroit
Own It Detroit claims that their investors can expect carefully selected tenants who pay the rent on time, lower property maintenance costs, and communication designed to build lasting relationships. Services are customized to provide the right management solutions for the unique needs of rental property owners.
Key Metrics:
- BBB Rating: Not rated
- Years in Business: 25
- Property Management Fee: Not publicly available. Contact for more info.
- Leasing Fee: Not publicly available. Contact for more info.
- Renewal Leasing Fee: Not publicly available. Contact for more info.
- Maintenance Fee: Not publicly available. Contact for more info.
- Property Setup Fee: Not publicly available. Contact for more info.
- Project Management Fee: Not publicly available. Contact for more info.
- Rentals Managed: Not publicly available. Contact for more info.
Property Management Experts
The company offers fully comprehensive management agreements plus à la carte pricing for investors who only need occasional assistance. Services from the Property Management Experts in Detroit include vacant property marketing, tenant screening, leasing and renewals, and independent contractor management.
Key Metrics:
- BBB Rating: Not rated
- Years in Business: 6
- Property Management Fee: Not publicly available. Contact for more info.
- Leasing Fee: Not publicly available. Contact for more info.
- Renewal Leasing Fee: Not publicly available. Contact for more info.
- Maintenance Fee: Not publicly available. Contact for more info.
- Property Setup Fee: Not publicly available. Contact for more info.
- Project Management Fee: Not publicly available. Contact for more info.
- Rentals Managed: +100
View the Property Management Experts website
Real Property Management Silverstone
This company provides reliable property management services for owners of single-family rental homes and small multifamily properties in Metro Detroit. Real Property Management’s services include marketing, tenant screening, leasing and rent collection, maintenance, and accounting.
Key Metrics:
- BBB Rating: Not rated
- Years in Business: 25
- Property Management Fee: 10%
- Leasing Fee: 100% of first month’s rent
- Renewal Leasing Fee: Not publicly available. Contact for more info.
- Maintenance Fee: Not publicly available. Contact for more info.
- Property Setup Fee: Not publicly available. Contact for more info.
- Project Management Fee: Not publicly available. Contact for more info.
- Rentals Managed: Not publicly available. Contact for more info.
View Real Property Management Silverstone website
TransWorld LBJ Realty
This Detroit property management company claims to provide comprehensive real estate services for the Downriver and Southeast Michigan areas. TransWorld LBJ Realty promotes its management services as experienced, reliable, and affordable.
Key Metrics:
- BBB Rating: Not rated
- Years in Business: Not publicly available. Contact for more info.
- Property Management Fee: $50 flat fee per month
- Leasing Fee: $500
- Renewal Leasing Fee: Not publicly available. Contact for more info.
- Maintenance Fee: Cost + 10%
- Property Setup Fee: Not publicly available. Contact for more info.
- Project Management Fee: Not publicly available. Contact for more info.
- Rentals Managed: Not publicly available. Contact for more info.
View TransWorld LBJ Realty website
Turn Key Property Solutions LLC
The company’s philosophy is to provide “good homes for good people,” according to the Turn Key Property Solutions website. Full-service property management for local, out-of-state, and international investors includes marketing, tenant leasing, maintenance and repairs.
Key Metrics:
- BBB Rating: Not rated
- Years in Business: 11
- Property Management Fee: Not publicly available. Contact for more info.
- Leasing Fee: 100% of first month’s rent
- Renewal Leasing Fee: $100
- Maintenance Fee: Not publicly available. Contact for more info.
- Property Setup Fee: $150
- Project Management Fee: 10% of rehab cost
- Rentals Managed: Not publicly available. Contact for more info.
View Turn Key Property Solutions’ website
