Property management companies manage rental homes for owners. They market vacancies, screen tenants, collect rent, coordinate maintenance and repairs and handle day-to-day communication with residents.
Common property management services include:
Consider a property manager when you own rental property and want help with leasing, maintenance and tenant relations, or when you live far from the property.
806 Property Management is a Lubbock-based full-service property management company serving tenants and rental property owners since 2012; 806 Property Management handles property marketing and leasing, tenant placement, rent collection (including online payments), maintenance and make-ready work, accounting and owner reporting, and provides dedicated tenant and owner portals and support to help property owners maximize rental revenue and to give residents responsive, professional service.
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Align Property Management is a Lubbock-based property management company located at 4527 114th Street, #100 that manages rental properties and publishes available listings with online applications and resident portals; Align Property Management provides property marketing and leasing services, supports residents with online sign-in and maintenance requests, and offers contact and management access for property owners while operating locally with a phone number (806-239-0704) and email contact for inquiries.
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Coldwell Banker Property Management is a Lubbock-based property management company providing residential property management and rental services for over 20 years; Coldwell Banker Property Management specializes in houses, duplexes, quadplexes, and small apartments and offers leasing and marketing, tenant screening and placement, rent collection and accounting, maintenance coordination and vendor management, and strategies to maximize rental income and reduce vacancies, and the company operates locally from 4924 South Loop 289, Lubbock, TX with dedicated main, service, and accounting phone lines to support owners and tenants.
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Location Rentals is a Lubbock-based property management company that provides full-service residential, commercial, HOA, and multi-family management including marketing, tenant screening and selection, rent collection, maintenance and inspections, accounting, eviction support, and legal compliance; Location Rentals offers tools and owner/tenant portals, a three-month rent assurance for new leases, serves Lubbock and surrounding communities (Levelland, Plainview, Shallowater, Wolfforth), and is located at 4314 S Loop 289 with phone 806-794-5800.
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Meridian Property Management LLC is a Lubbock-based full-service property management company serving Lubbock and Wolfforth that manages a portfolio of 1–6 bedroom homes, apartments, and duplexes and offers comprehensive services including advertising and marketing, showings and leasing, make-readies, maintenance, and accounting; Meridian Property Management focuses on clean properties, fast communication, easy maintenance, and personalized service for both property owners and residents, and is located at 7710 Milwaukee Building 800, Suite 300, Lubbock, TX with phone 806-785-4600.
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Minnix Property Management is a West Texas property management company based in Lubbock with over 20 years of experience providing full-service rental management; Minnix Property Management offers comprehensive services including aggressive property marketing, rigorous tenant screening, 24/7 maintenance and emergency support, transparent financial reporting via owner portals, rent collection and delinquency handling, and free rental analyses, and the company emphasizes local market expertise, technology-driven tools, and personalized, professional service to maximize owners’ returns and reduce landlord stress.
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A property management company markets rentals, screens applicants, prepares leases, collects rent, coordinates maintenance and inspections and provides owners with financial statements.
Consider one when you own more rentals than you can comfortably manage, live far from the property, or want help with leasing, maintenance calls and rent collection. Many charge a monthly fee based on rent collected plus leasing or renewal fees, so compare the full fee schedule in each agreement.
Ask how they screen tenants, handle maintenance requests and after-hours emergencies, and report to owners. Some states require property managers to hold a real estate license, so ask about it, and read the management agreement carefully.
Cost depends on the number and type of properties, rent levels, services included, leasing and renewal fees and how maintenance is billed.
Gather lease documents, rent history, maintenance records and insurance information. Decide which decisions you want to approve, such as repairs over a certain amount.