The responsibilities of owning a rental property can be overwhelming. You’ve likely heard how hiring a property manager can save you money, time and peace of mind. But, there are many different companies to choose from and it can be difficult to know where to start.
If you own rental property in Dallas and are looking for a local property manager, you’ve come to the right place. We’ve put together a list of 7 of the best property management companies in Dallas. We’ll look at pricing (when available), specialties, Google ratings, and more to help simplify your hunt for the best property managers in the Dallas area.
But, before we dive in, it's important to note that there are cases where a property manager (including us) might not be the best option for you. Watch this video to find out a few ways you can know for sure.
Evernest
Evernest was established in 2008 at the beginning of the housing crisis. Our founder, Matthew Whitaker, was left with 30 investment properties that he intended to sell but was unable to do so when the residential housing market crashed. So he began a search to locate a property manager who shared his management philosophies and ideals. Later on in the year, Matthew launched Evernest and we officially opened for business.
In the last 15 years, Evernest has grown from a team of 3 to a nationwide company with over 400 team members. Evernest is based in Birmingham and operates in 33 real estate markets across the US, including Dallas.
With Evernest you’ll receive in-house maintenance, no fees for cancellation, and a waived lease fee if a resident leaves within the first year. Evernest guarantees a qualified renter for your unit within 21 days, or your first two months of management are free. A 24-hour hotline is available to residents as well.
CEO/Founder: Matthew Whitaker
BBB rating: A+
Google rating: 4.5/5 (9,669 reviews)
Years in business: 15
Number of people: 400+
Rentals managed: 15,000+
Number of markets: 33
Specialties: Single-family residential, condos, small multi-family (up to 49 units), rental property investing
Property management fee: 8%-10%
Leasing fee: 50% of one month's rent ($500 minimum)
Renewal leasing fee: $250
Other services: brokerage, in-house maintenance, in-house underwriting, leasing
Learn more: https://www.evernest.co/location/dallas-ft-worth/
Cole Group Property Management
Cole Group Property management has been assisting property owners in the Dallas area for over 10 years. They are also a full service real estate company offering services to both buyers and sellers.
The Cole Group manages both residential and commercial properties. Their management services include tenant screening, contract preparation, and rent collection. Residents also have access to a 24/7 maintenance service. Their motto is “We Keep You From Getting Gray Hairs”.
The Cole Group also offers a lease only program, catering to the property owners who would like assistance to market and lease their properties but would like to manage their property independently once the tenant moves in.
Founder: Anthony Cole
BBB rating: N/A
Google rating: 4.9/5 (89 reviews)
Years in business: 10+
Number of people: 25+
Rentals managed: N/A
Number of markets: 1
Specialities: Single-family homes, apartments, condos, townhomes, commercial and mixed use buildings
Property management fee: N/A (must be contacted for more information)
Leasing fee: N/A
Renewal leasing fee: N/A
Maintenance fee: N/A
Property setup fee: N/A
Other services: Leasing, sales
Learn more: https://www.colegrouppropertymanagement.com/
Davis Property Management
Since 1993, Davis Property Management has been leasing and managing properties in Dallas and surrounding cities. The company is operated by Eddie Davis (“Fast Eddie”). He is a member of the National Association of Residential Property Managers (NARPM) and is a MPM® (Master Property Manager), a title held by fewer than 250 members in the country.
Davis Property Management provides advertising, tenant placement, and leasing services. With their property management, they include monthly statements, rent collections, unit rehabs, and evictions services. They also provide 24 hour “on-call” maintenance.
Owner: Eddie Davis
BBB rating: A+
Google rating: 4.8/5 (26 reviews)
Years in business: 23
Number of people: 81
Rentals managed: N/A
Number of markets: 1
Specialities: Single-family homes, multi-family units
Property management fee: N/A (must be contacted for more information)
Leasing fee: N/A
Renewal leasing fee: N/A
Maintenance fee: N/A
Property setup fee: N/A
Other services: leasing, brokerage
Learn more: https://fasteddiedavis.com/
Flat Fee Landlord
Local to Dallas, Flat Fee Landlord focuses on leasing and managing single- and multi-family properties in Texas, Maryland, Washington DC, and Northern Virginia. Their mission is to offer high quality property management at the lowest possible cost. Instead of charging a percentage of monthly rental income, they collect a flat rate.
On average, Flat Fee Landlord has a qualified tenant renting a property within 25 days of listing. They have a 30-day Placement Guarantee, where if a qualified resident isn’t placed within 30 days, your first two months of management are free.
Included with their platinum package is a 9 Month Tenant Assurance. If your tenant breaks the lease or moves out for any other reason within the first 9 months of the lease, Flat Fee will place a new tenant free of charge.
Flat Fee Landlord also has a 60 Day Money Back Guarantee. They also allow you to cancel your contract at any time, with zero cancellation fees!
CEO/Founder: Mo Hashem
BBB rating: NR
Google rating: 3.8/5 (29)
Years in business: 12
Number of people: 25
Rentals managed: 2,000+
Number of markets: 7+
Specialities: single-family units, multi-family units
Property management fee: $99-149 per month
Leasing fee: 1 months rent
Renewal leasing fee: N/A
Maintenance fee: N/A
Property setup fee: $450
Professional certifications: NARPM®
Other services: leasing
Learn more: https://www.flatfeelandlorddallas.com/
Frontline Property Management, Inc.
Frontline Property Management, Inc. has over 30 years of experience in managing single-family homes, multifamily properties, condominiums, and townhomes in Dallas. Along with property management they assist clients with the buying and selling of investment property.
Frontline Property Management’s goal is to build personal relationships with each of their clients and endeavor to offer individualized service that matches their customer’s personal ideals.
Management services include leasing, rent collection, full-service accounting, 24-hour maintenance coordination, and rehab coordination. They do not charge management fees if your property is vacant.
President Broker/Owner: Steve Fithian
BBB rating: A+
Google rating: 4.0/5 (108 reviews)
Years in business: 33
Number of people: 13+
Rentals managed: N/A
Number of markets: 1
Specialities: Single-family homes, condos, townhomes, multi-family property
Property management fee: 8-10%
Leasing fee: 75% of one month’s rent
Renewal leasing fee: $200
Maintenance fee: Hourly rate + cost of materials
Property setup fee: N/A
Professional certifications: NARPM®
Other services: Leasing, rehab coordination, full-service accounting, sales
Learn more: https://frontlineproperty.com/
Keyrenter Uptown Dallas
Another company local to Dallas, Keyrenter Uptown Dallas serves clients in the metro. They maintain a vacancy rate of less than 5%. Keyrenter Uptown Dallas credits their success to the incorporation of modern technology and continuing education in property management.
Keyrenter will handle all aspects of managing your rental, including tenant screening, maintenance, frequent inspections, evictions, and accounting. They offer electronic rent collection as well as easily accessible account portals for owners and tenants.
Keyrenter screens pets to make sure the pet and its owner will be a good fit for your unit and will cover up to $1,000 worth of damages caused by pets. If your tenant breaks the lease early, Keyrenter will give you 1.5 months rent and replace the tenant at no cost to you.
CEO/Founder: Rodney Thomas
BBB rating: N/A
Google rating: 5.0/5 (28 reviews)
Years in business: 8
Number of people: 5+
Rentals managed: N/A
Number of markets: 1
Specialties: Single-family residential, condos, townhomes, apartments, commercial properties
Property management fee: 10% of monthly rent (9% with 3+ properties)
Leasing fee: 50% of first month’s rent (100% of first month’s rent for leasing only services)
Renewal leasing fee: N/A
Maintenance fee: N/A
Property setup fee: N/A
Professional certifications: NARPM®
Other services: Leasing, resident placement
Learn more: https://keyrenteruptowndallas.com/
The Verdei Group
The Verdei Group is a premier property management firm that serves multiple locations in Texas and Tennessee, including Dallas. They specialize in single-family homes and apartment complexes.
They do have any set up or administration fees and will market your property on your behalf with no money required up front. Their end-to-end property management services include electronic rent collection, move in/move out inspections, and 24/7 maintenance.
The Verdei Group has multiple management plans to meet the needs of various investors. They offer various risk mitigation protection programs including rent default insurance, tenant assurance protection, pet damage protection and eviction assurance protection.
CEO/Founder: Eric Colborn
BBB rating: A+
Yelp rating: 4.5/5 (6 reviews)
Years in business: 11
Number of people: N/A
Rentals managed: N/A
Number of markets: 2
Specialities: Single-family homes, apartment complexes
Property management fee: 9-12% (or $95 flat fee for core services with optional add-ons)
Leasing fee: 65-85% of first month’s rent
Renewal leasing fee: $300
Maintenance fee: N/A
Property setup fee: 0
Professional certifications:
Other services: leasing, brokerage
Learn more: https://www.verdeigroup.com/
Manage With Evernest in Dallas
There are several things to take into account while looking for property management. In the end, it comes down to your individual circumstances and objectives. The ideal property manager will match your personal preferences as an owner, be within your budget, and cover you where you need them most. That’s why having options is important when making the right decisions for your real estate requirements.
If you’re considering Evernest as your property management company, we’d love to answer your questions. For more information about property management services and fees in Dallas, visit our pricing page here.
Source: This content was originally written and published for Evernest at Evernest.co.
