The 18 Best Property Management Companies in Indianapolis for 2019

Out-of-state real estate investors require the help of dependable local property managers to maintain their rental properties, interact with tenants, and handle some financial and regulatory matters. 

If you’re looking to invest in the area, here are 18 of Indianapolis’s best property managers.

To help you sort through the list, we’ve included the following 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 five Roofstock Preferred Property Managers in Indianapolis. 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.

Great Jones (Roofstock Preferred Property Manager)

roofstock preferred property manager

Combining the personal approach of a local business with the cutting edge technology of a national chain, Great Jones aims to make life easier for both landlords and tenants. They take a partnership approach with each client, helping property owners increase earnings and build portfolios. Grace Jones offers an all-inclusive pricing structure with no cancellation costs.

Key Metrics:

  • BBB Rating: A
  • Years in Business: 2
  • Property Management Fee: 8-10%
  • Leasing Fee: 75% of first month's rent
  • Renewal Leasing Fee: 0
  • Maintenance Fee: 0
  • Property Setup Fee: 0
  • Project Management Fee: 15% of total project cost over $5,000 
  • Rentals Managed: Not publicly available. Contact for more info.

Visit Great Jones' website

 

T&H Realty Services (Roofstock Preferred Property Manager)

roofstock preferred property manager

T&H Realty Services is a full-service property management company focused on the leasing and management of single family homes and condos throughout central Indiana. The company’s founders started out as local real estate investors who managed their properties so well that fellow investors asked for their services. T&H proudly belongs to the Better Business Bureau (BBB) and the National Association of Residential Property Managers (NARPM).

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 11 
  • Property Management Fee: 10%
  • Leasing Fee: One month’s rent
  • Renewal Leasing Fee: $250 
  • Maintenance Fee: 10%
  • Property Setup Fee: 0
  • Project Management Fee: 10%
  • Rentals Managed: Not publicly available. Contact for more info.

Visit T&H Realty Services website

 

PMI Midwest (Roofstock Preferred Property Manager)

roofstock preferred property manager

A full-service property management company, PMI Midwest looks after homes in the Indianapolis metro area and surrounding counties. Dedicated to providing the best customer service, they maximize owner profitability by providing investment advice in addition to real estate sales recommendations. PMI is part of a national franchise that assists Roofstock investors in several markets.

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 10
  • Property Management Fee: 10%
  • Leasing Fee: 6%-8% of first month’s rent
  • Renewal Leasing Fee: $195
  • Maintenance Fee: 10%
  • Property Setup Fee: $95-$295 per Portfolio
  • Project Management Fee: 10%
  • Rentals Managed: 200

Visit PMI Midwest's website

 

HomeRiver Group (Roofstock Preferred Property Manager)

roofstock preferred property manager

Part of one of the U.S.’s largest property management companies, HomeRiver provides local market expertise with the organizational power and resources of a large firm. Their online portal allows both owners and tenants to manage rent collection, maintenance, and other home management matters. 

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: 3
  • Property Management Fee: 10%
  • Leasing Fee: 50% of first month’s rent
  • Renewal Leasing Fee: 0
  • Maintenance Fee: 10% to 20% (depending on scope of work)
  • Property Setup Fee: 0
  • Project Management Fee: 0
  • Rentals Managed: 250

Visit HomeRiver Group's website

 

PMI Midwest (Roofstock Preferred Property Manager)

roofstock preferred property manager

Part of the same franchise as PMI Indianapolis, PMI Midwest serves roughly the same area but manages a broader range of commercial properties, including apartments, mini-storage, flex warehouse, commercial developments and office spaces. Like their sister company, they help investors maximize profits with innovative marketing solutions.

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 10 
  • Property Management Fee: 10%
  • Leasing Fee: One month’s rent
  • Renewal Leasing Fee: $195
  • Maintenance Fee: 0
  • Property Setup Fee: $145
  • Project Management Fee: 10%
  • Rentals Managed: Not publicly available. Contact for more info.

Visit PMI Midwest's website

 

HARVEY Property Management Group

HARVEY Property Management group offers full-service property management and real estate investment services. They believe successful property management is based on a simple philosophy: treat tenants like long-term customers. This tenant retention strategy, they’ve discovered, leads to lower overall costs, increased revenue, and greater ROI.

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 7
  • Property Management Fee: 10%
  • Leasing Fee: One month’s rent
  • Renewal Leasing Fee: One half of one month’s rent
  • Maintenance Fee: 20%
  • Property Setup Fee: 0
  • Project Management Fee: Not publicly available. Contact for more info.
  • Rentals Managed: 400

Visit HARVEY Property Management Group's website

 

Polaris Property Management

Polaris is a longstanding member of the National Association of Realtors (NAR) and the National Association of Residential Property Managers (NARPM). Working with both first-time and veteran landlords, Polaris manages and markets properties throughout Indianapolis. Their experienced team also provides investment advice and fine-tuned property evaluations.

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 
  • Property Management Fee: 10%
  • Leasing Fee: One month’s rent
  • Renewal Leasing Fee: 0
  • Maintenance Fee: 0 ($500 Reserve Account required)
  • Property Setup Fee: 0
  • Project Management Fee: $275
  • Rentals Managed: 200

Visit Polaris Property Management's website

 

Kline Properties

For more than 17 years, Kline Properties has been caring for rental properties in the Indianapolis area. Their full slate of property management services includes rent collection, accounting, rent price advisory, maintenance, inspections and more. Kline Properties also provides an online Owners Portal with 24/7 access to account activity.

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 17 
  • Property Management Fee:  10% for rents above $600 per month, and 12% for rents $600 and lower
  • Leasing Fee: $500
  • Renewal Leasing Fee: 0 
  • Maintenance Fee: Service trip charge is $55 within Marion County and $65 to immediately surrounding counties.
  • Property Setup Fee: 0
  • Project Management Fee: Not publicly available. Contact for more info.
  • Rentals Managed: Not publicly available. Contact for more info.

 

Visit Kline Properties' website

 

ES Property Management

ES offers comprehensive property management services to owners of Indianapolis-area properties. Accustomed to working with out-of-state and international investors, ES’s property managers are active members of the National Association of Residential Property Managers (NARPM).

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 4 
  • Property Management Fee: 10%
  • Leasing Fee: 75% 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.

Visit ES Property Management's website

 

Indyflippers

Serving Indianapolis & the surrounding suburbs, Indyflippers is a fully licensed property management company that not only helps manage and care for investment properties but also helps tenants find quality area rentals. Indyflippers also provides investors with a 3-4 week home rehab service.

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 12
  • Property Management Fee: 10%
  • Leasing Fee: Not publicly available. Contact for more info.
  • Renewal Leasing Fee: Not publicly available. Contact for more info.
  • Maintenance Fee: None
  • Property Setup Fee: $500
  • Project Management Fee: 10% 
  • Rentals Managed: Not publicly available. Contact for more info.

Visit Indyflipper's website

 

True Property Management Group

True Property Management Group serves greater Indianapolis, including Zionsville, Broad Ripple, Westfield, Fishers, Carmel, Pike Township, Lawrence Township, Washington Township, Franklin Township, Perry Township, Decatur Township, and additional areas. Started by real estate investors wanting better management for their own listings, they now help other property owners get the most out of their investments.

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 3
  • Property Management Fee: 10%
  • Leasing Fee: $500
  • Renewal Leasing Fee: $125
  • Maintenance Fee: 0
  • Property Setup Fee: $150
  • Project Management Fee: 10%
  • Rentals Managed: 300

Visit True Property Management Group's website

 

Dorfman Property Management

Providing property management to real estate investors for more than forty years, Dorfman handles inspections, tenant screening, even HOA communications. Their web-based management and financial systems makes rent collection, maintenance requests and all other processes easier for investors and tenants.   

Key Metrics:

  • BBB Rating: A
  • Years in Business: 43
  • Property Management Fee: 10%
  • Leasing Fee: $500
  • Renewal Leasing Fee: $100
  • Maintenance Fee: 0
  • Property Setup Fee: $200
  • Project Management Fee: 0
  • Rentals Managed: 850

Visit Dorfman Property Management's website

 

Red Door Property Management

Red Door Property Management is a full-service company handling tenant screening and placement, maintenance, rent collection, evictions, and comprehensive financial reporting to property  owners. They serve the greater Indy area, including Brownsburg, Carmel, Fishers, Geist, Indianapolis, Noblesville, Plainfield, Pittsboro, Westfield and Zionsville.

Key Metrics:

  • BBB Rating: A
  • Years in Business: 8
  • Property Management Fee: 9%
  • Leasing Fee: $890 (they only work with rentals priced at $890 and above)
  • Renewal Leasing Fee: $35
  • Maintenance Fee: 0
  • Property Setup Fee: 0
  • Project Management Fee: 0
  • Rentals Managed: 400

Visit Red Door Property Management's website

 

A Step Ahead Management

Based just north of Indianapolis in Carmel, A Step Ahead promises customers no-hassle management, low vacancy rates and an in-depth knowledge of the local real estate market. They have a convenient online portal to help owners stay informed of their property’s performance.

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 5 
  • Property Management Fee: 10%
  • Leasing Fee: One month’s rent
  • Renewal Leasing Fee: 50% of one month’s rent
  • 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.

Visit A Step Ahead Management's website

 

Indy Investors Property Management

Helping property owners throughout the Indianapolis area, Indy Investors’ team takes care of tenant communications, rent collection, tenant retention, and all the finer details of property management. Their financial services offerings include bookkeeping for each unit and monthly financial reports.

Key Metrics:

  • BBB Rating: A-
  • Years in Business: 4 
  • Property Management Fee: 10% ($75 minimum)
  • Leasing Fee: 50% of one month’s rent ($800 minimum)
  • Renewal Leasing Fee: $200
  • Maintenance Fee: 0
  • Property Setup Fee: 0
  • Project Management Fee: 0
  • Rentals Managed: 38

Visit Indy Investors Property Management's website

 

Evergrow Property Management

Run by a team with more than 20 years of experience managing Indy properties, Evergrow Property Management provides full-service “solutions” for property owners, including marketing, property evaluations, tenant screening, legal compliance, and more. Prospective clients receive a free rental analysis.

Key Metrics:

  • BBB Rating: N/A
  • Years in Business: N/A
  • Property Management Fee: 10-12%
  • Leasing Fee: One month’s rent - $1,450 maximum
  • Renewal Leasing Fee: 3%
  • Maintenance Fee: 10% - $29 minimum
  • Property Setup Fee: $99 maximum
  • Project Management Fee: 10% - $29 minimum
  • Rentals Managed: 195

Visit Evergrow Property Management's website

 

BHB Investments

Established by local firefighters, BHB offers property management services in the metro Indianapolis area. BHB takes a hands-on approach to real estate management, providing real estate investment help, rent collection, maintenance and tenant communications. They even have a separate team entirely devoted to lawn care. BHB is a good place to start if you’re investing in downtown or urban Indianapolis. 

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 15 
  • Property Management Fee: 10%
  • Leasing Fee: 50% of one month’s rent
  • Renewal Leasing Fee: $150
  • Maintenance Fee: 0
  • Property Setup Fee: 0
  • Project Management Fee: 0
  • Rentals Managed: 600

Visit BHB Investments website

 

AMG Property Management 

AMG Property Management is a family owned business with 25 years of rental home management experience. They pride themselves on their commitment to customer service, and have grown 83% since 2016 thanks to investor referrals. AMG provides full-service property management, in addition to offering accounting and an online program that tracks things like cash flow, payment history and lease beginning and ending dates. 

Key Metrics:

  • BBB Rating: A+
  • Years in Business: 7 
  • Property Management Fee: 10%
  • 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: 800

Visit AMG Property Management's website

 

Want to learn more about investing in Indianapolis? Check out our Roofstock Webinar: Indy Market Overview.

 

 

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Brandon Barker

Author

Brandon Barker

A digital media strategist based in Austin, TX, Brandon Barker has written articles and developed content for Mozilla, SurveyMonkey, Food Network, U.S. News & World Report, The Nielsen Company and Roofstock.

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