The property management industry in Cleveland has grown significantly. By 2021, theU.S. market was worth $101.3 billion, reflecting a high demand for professional services. Cleveland's sector is strong, with many reputable companies providing comprehensive services to property owners and tenants.
By 2024, over 80% of property managers handle tasks like rent collection, tenant management, and maintenance. This ensures well-maintained properties and satisfied tenants.
Cleveland's industrial market is competitive, with a low vacancy rate of 3.6%, compared to the national average of 6.3%. Effective property management is essential to maximize occupancy and rental income.
To help property owners and investors, we've curated a list of the top property management companies in Cleveland for 2024, ensuring your investments continue to thrive.
Top Property Management Companies in Cleveland
Winwood Properties
Winwood Propertiesis a property management company based in Cleveland, serving both residential and commercial property owners and investors. With over 20 years of experience, they manage over 200 rentals and have an A rating from the Better Business Bureau. Located at 13610 Detroit Ave in Lakewood, they offer real estate brokerage, property acquisition assistance, and full-service management.
Key Features:
Client Collaboration: Winwood Properties collaborates closely with clients to find investment properties that meet specific needs, budgets, and offer high rental value.
Comprehensive Rental Analysis: They start with a detailed rental analysis to assess earning potential and recommend profitability improvements.
Tenant Placement: Winwood Properties manages the entire tenant placement process, including marketing, showings, applicant screenings, and lease drafting in compliance with legal standards.
Ongoing Management: They handle all aspects of tenancy, including tenant requests, rent collection, lease renewals at market rates, and evictions if necessary.
Hassle-Free Income: Their hands-off management solutions enable property owners to earn rental income without dealing with daily operational tasks.
IIP Management
IIP Management is a Cleveland-based property management firm serving residential and commercial property owners. With over nine years of experience and an A rating from the Better Business Bureau, they offer cost-effective services aimed at reducing the stress of rental property ownership. They provide a complimentary rental analysis to help owners make informed investment decisions.
Key Features:
Guaranteed Tenant Placement: They promise to place a tenant in your property within 39 days, reducing vacancy periods and maximizing rental income.
Six-Month Tenant Guarantee: They provide assurance on all placed tenants for six months, ensuring confidence in tenant quality.
Financial Protection for Pet Damages: They offer coverage against pet damages, enabling landlords to accept tenants with pets and potentially increase rental rates and returns.
These features highlight IIP Management's focus on minimizing vacancy risks, ensuring tenant quality, and protecting landlords' investments from pet-related damages.
Allstar Property Management
Allstar Property Management is a property management company in Cleveland, serving residential and commercial property owners and investors.
With over seven years of experience and an A rating from the Better Business Bureau, they aim to maximize clients' ROI through comprehensive management services.
Located at 1013 Rockside Dr. Suite A in Parma, their team handles daily property responsibilities, freeing clients to focus on their investments.
Key Features:
Efficient Vacancy Management: Allstar Management focuses on quickly filling vacancies by leveraging their website, the MLS, and major listing sites for extensive property exposure.
High-Quality Tenant Acquisition: They aim to attract high-quality tenants by employing thorough screening processes for rental, criminal, and credit history of all applicants.
On-Site Support: Their on-site leasing agents provide support during property showings, ensuring prospective tenants receive prompt answers to their queries.
Customized Lease Agreements: They collaborate closely with property owners to develop customized lease agreements that adhere to Ohio Landlord-Tenant laws, safeguarding both the property and the owner's investment.
These aspects highlight Allstar Management's commitment to efficient leasing, tenant quality, legal compliance, and customer service in property management.
Darwin Homes
Darwin Homes manages residential properties in Cleveland for owners, landlords, and investors. They are part of a nationwide network covering 39 markets, offering customized solutions based on local expertise. Darwin Homes aims to minimize vacancies and maximize rental income, boasting a quick turnaround with properties typically rented out within two weeks.
Key Features:
Transparency and Professionalism: Darwin Homes prioritizes transparency and professionalism in all their dealings with property owners.
Real-time Access: Property owners have access to an online portal that offers real-time data and insights about their investments.
Informed Decision Making: The online portal empowers property owners to monitor performance closely and make informed decisions.
Open Communication: Darwin Homes ensures open communication throughout the leasing and management process, keeping property owners informed.
High Standards: They meet property owners' needs with a commitment to the highest standards of professionalism.
Paran Management Company, Ltd.
Paran Management Company, Ltd.is a specialized firm in Cleveland, managing large residential and commercial properties. With nearly 50 years of experience and over 645 rentals managed, they are a local market leader. Located at 2720 Van Aken Blvd, Suite 200, they provide comprehensive management services including development, construction, leasing, and daily operations. Their expertise helps property owners maximize investment potential.
Key Features:
Comprehensive Tenant Attraction and Screening: Paran Management specializes in attracting high-quality tenants through effective marketing strategies and rigorous applicant screenings.
Full-service Lease Management: They handle the entire leasing process, including creating listings, conducting showings, and negotiating leases, ensuring landlords' legal and financial interests are protected.
Proactive Property Maintenance: Paran Management oversees maintenance for individual units and entire buildings, conducts regular inspections, and provides 24/7 emergency support to ensure properties are well-maintained and tenants are satisfied.
Timely Rent Management: They ensure timely rent collection and disbursement, providing property owners with a consistent and reliable income stream.
Overall, Paran Management Company offers end-to-end property management solutions aimed at maximizing property value and landlord peace of mind.
Progressive Urban Property Management
Progressive Urban Property Managementin Cleveland, Ohio, specializes in residential property management across Northeast Ohio. They focus on maximizing returns and reducing vacancy costs for property owners and investors. Located at 4001 Detroit Ave, Suite 200, they've earned an A rating from the Better Business Bureau. Their approach aims to relieve property owners of management burdens, offering a seamless experience to enhance profitability.
Key Features:
Tenant Attraction and Retention: Focuses on attracting and retaining long-term tenants to ensure consistent rental income and reduce vacancy costs.
Comprehensive Rental Process: Includes detailed rental analysis to set competitive prices, extensive advertising on multiple platforms, on-site showings, and thorough applicant screenings.
Property Management Throughout Tenancy: Offers quarterly inspections, regular maintenance as well as 24/7 emergency support, rent collection, tenant communication, lease renewals, and handling of evictions.
Financial Management: Provides monthly and end-of-year financial statements to keep property owners informed about their investment's performance and financial health.
Legal Compliance: Ensures all lease agreements and property management activities comply with legal requirements, safeguarding both tenants and property owners.
These services aim to optimize property performance, minimize vacancies, and provide a hassle-free experience for property owners while maintaining high standards of tenant satisfaction.
Cleveland Property Management Group, LLC
Cleveland Property Management Group, LLC has over 16 years of experience managing more than 1,100 rentals in Greater Cleveland. Based in Highland Heights at 360 Alpha Park Drive, this BBB-accredited company offers personalized service and proven results. They handle everything from property acquisition to tenant screening and lease execution with precision and professionalism.
Key Features:
Tenant Placement: They attract high-quality tenants through effective marketing and screenings, ensuring they will respect and care for your property.
Comprehensive Management: Their services cover lease drafting, security deposit management, and smooth transitions for both property owners and tenants.
Tenant Support Services: They handle rent collection, maintenance coordination, inspections, lease enforcement, renewals, and evictions, allowing property owners to focus on their investment's growth.
RE/MAX Haven Realty
RE/MAX Haven Realtymanages residential properties and HOAs in Greater Cleveland. They have 12+ years of experience, oversee 1,000+ rentals, and hold a B+ BBB rating. Located at 5386 Majestic Pkwy Ste 9, Bedford Heights, they focus on improving tenant and member satisfaction and boosting profitability for property owners and associations.
Key Features:
Tenant Placement Process: Designed to attract high-quality, long-term tenants through wide-reach marketing, on-demand showings, and thorough applicant screenings.
Customized Lease Agreements: Tailored leases for each property ensure legal compliance and protect property owners' financial interests.
Ongoing Property Management: Focuses on protecting profitability with regular inspections, timely maintenance, 24/7 emergency support, and online rent payment systems.
HOA Services: Offers comprehensive services including property management, building and community upkeep, administrative support (recordkeeping and meeting coordination), full bookkeeping, and community-building initiatives.
Conclusion
Using property management companies in Cleveland is crucial for maximizing your investment success. These firms handle tenant management, maintenance, and finances, freeing property owners from daily operational worries. Partnering with a trusted company ensures well-maintained properties, fewer vacancies, and happy tenants, leading to steady income and peace of mind. Act now—hire a property management company today to streamline operations and unlock your investments' full potential.
