Maine Property Management: Top 5 Options

The Maine real estate market offers profitable opportunities to investors who know how to choose high-potential properties and how to manage them efficiently. Property prices are around the national averages, while medium-term appreciation is strong.

Let Awning find the best property manager for your rental property. Simply fill out the form and Awning will find a property manager that provides the best rates and services for your property.

The 5 best property management companies in Maine are:

• HomeRiver Group: Best Overall Property Management Company in Maine
• MJS Home Repairs & Property Management: Best for Flat Fees
• Pine State Property Management: Best for Flexible Options
• Honest Property Management: Best for Different Property Types
• Real Property Management Acadia: Best Large-Scale Property Manager

Meanwhile, you can check out the best property management companies in Portland, ME.

How We Selected the Best Property Management Companies in Maine

In our ranking of the 5 best property management companies in the State of Maine, we included a number of different factors in order to provide comprehensive and trustworthy results:

• Property management services: We searched for property management companies that provide all-inclusive services so that investors can earn passive income.
• Property management fees: We chose firms that charge competitive rates, with no hidden fees.
• Market coverage: We gave priority to property managers with wide geographical coverage to provide options in all areas of Maine.
• Property type coverage: We included companies that work with various types of residential properties rented out on a short-term and long-term basis to meet the needs of all Maine investors.
• Company size and headquarters: We ranked both small and big companies with local and national coverage as each model of property management has its own advantages and disadvantages and owners should be able to choose based on their preferences.
• Balance between technology and human efforts: We gave priority to companies that strike the right balance between real estate technology to automate relevant processes and human interventions which are crucial in the rental property industry.
• Online reviews by property owners and renters: We checked the average ratings of short-listed companies on reputable third-party websites and read through individual reviews to assure quality of services.
• Value for money: We chose the 6 companies that provide the best value for money to Maine real estate investors.

HomeRiver Group: Best Overall Property Management Company in Maine

HomeRiver Group is the biggest third-party property management company for long-term rentals in the US market. John Hirschfeld, Andrew Propst, Doug Dale, and Joshua Bangert started the company in 2016, with headquarters in New York, NY. Currently, HomeRiver Group has a portfolio of over 40,000 rental properties and more than 32,000 homes within HOA communities in 31 states. They have been able to achieve this wide coverage by acquiring the best property managers in each market and turning them into partners. HomeRiver Group is the top Maine property manager for long-term rentals since it delivers full-service management at competitive rates.

HomeRiver Group Property Management Services

The all-inclusive property management services provided by HomeRiver Group Maine cover:

• Expert market analysis to maximize ROI
• Marketing and advertising
• Extensive tenant screening
• Move-in coordination
• Rent collection
• Owner funds disbursement
• Routine property inspections
• Handling maintenance and repairs
• Accounting
• Detailed financial reporting
• Evictions

HomeRiver Group Property Management Locations

HomeRiver Group Maine operates in:

• Auburn
• Biddeford
• Lewiston
• Portland
• Saco

HomeRiver Group Property Types

In Maine, HomeRiver Group manages single-family homes and small multifamily properties rented out on a long-term basis.

HomeRiver Group Property Management Costs

HomeRiver Group does not provide details on the pricing of property management services in Maine. In other markets, the company charges a mix of flat fees and percentages of rental income, starting at as low as 5% of rent.

Property owners usually need to pay a leasing fee, a monthly management fee, a lease renewal fee, and inspection fees.

HomeRiver Group Property Management Terms

The website of the Maine branch of HomeRiver Group does not have a copy of the management agreement in the local market. The company generally works with 6- or 12-month initial agreements, which are then renewed on a monthly basis.

HomeRiver Group Property Management Reviews

More than 50 property owners and tenants have reviewed the work of HomeRiver Group in the Maine market. Their reviews show very good overall experiences.

You can find HomeRiver Group reviews focused on the Maine rental market on:

• Google: Currently 4.1/5 stars based on 53 reviews

Happy landlords and renters discuss the excellent experiences, the great services, the seamless processes and transactions, the knowledge, the efficiency, the professionalism, the courteousness, and the delightful staff members. Unhappy customers mention unethical practices, poor updating policies, and untrustworthy team members.

How to Get Started with HomeRiver Group Property Management

To get started with the best overall property management company in Maine real estate investors can submit an online form via HomeRiver Group or call 415-610-7867.

MJS Home Repairs & Property Management: Best for Flat Fees

MJS Home Repairs & Property Management is a local, full-service property management company that also provides comprehensive maintenance services in multiple towns in Maine. The company has its headquarters in Mexico, ME. The team focuses on the core principles of honesty, value for money, efficiency, and reliability with the aim of increasing revenue, decreasing cost, and providing a better experience for property owners and tenants. MJS Home Repairs & Property Management is the best Maine property management company for flat fees.

MJS Home Repairs & Property Management Services

MJS Home Repairs & Property Management offers comprehensive services including:

• Expert advice to increase profitability
• Property showings
• Tenant screening including income and employment verification, credit report analysis, debt to income ratio, prior landlord reference checks, and social media checks
• Full execution of the rental agreement
• Move-in coordination
• Security deposit collection and final disposition
• Rent collection
• Owner proceeds distribution
• Acting as liaison between the owner and the tenants
• Monthly or bi-monthly property inspections with reports
• Inspecting grounds, facilities, and equipment frequently to determine the need for repairs or maintenance
• Managing and overseeing operations, maintenance, administration, and improvements
• 24/7 emergency services
• Repairs and maintenance requests coordination
• Eviction process

MJS Home Repairs & Property Management Locations

MJS Home Repairs & Property Management works in:

• Andover
• Bethel
• Byron
• Canton
• Carthage
• Dixfield
• Greenwood
• Hanover
• Mexico
• Newry
• Oquossoc
• Peru
• Rangeley
• Roxbury
• Rumford
• Sunday River
• Well
• Woodstock

MJS Home Repairs & Property Management Property Types

MJS Home Repairs & Property Management takes care of single-family homes, duplexes, individual apartments, and small apartment buildings rented out on a short-term or long-term basis.

MJS Home Repairs & Property Management Costs

MJS Home Repairs & Property Management is the best property management company in Maine for flat fees, which depend on the number of units.

The monthly property management fee is $145/unit for 1-4 units and $129/unit for 5+ units. This is a very clear and straightforward pricing structure. However, extra fees might apply for additional services.

MJS Home Repairs & Property Management Terms

MJS Home Repairs & Property Management does not provide the details of the management contract. Thus, interested property owners should get in touch with the team and ask for a copy that they can review before making a decision.

MJS Home Repairs & Property Management Reviews

There are only a handful of online reviews of the work of MJS Home Repairs & Property Management which are not enough to conclude if the company delivers the promises it makes on its website. Investors who think this might be the right fit for their needs should try to connect with local property owners who work with this property manager and ask about their experiences. If you are not a local, you can search for Maine real estate investors on online real estate investing forums such as BiggerPockets.

How to Get Started with MJS Home Repairs & Property Management

To get started with the best property management company in Maine for flat fees, landlords can submit an online form via the MHJ Home Repairs & Property Management website or call 207-518-1529.

Pine State Property Management: Best for Flexible Options

Pine State Property Management is a local, full-service property management company covering a few areas in Maine. Michael Conners started the company in 2011, with headquarters in Brewer, ME. The team strives to take away the stress and hassle from the management of residential and commercial investment properties. Pine State Property Management is the top property manager in Maine for flexibility as investors can choose from three different service plans.

Pine State Property Management Services

Pine State Property Management covers the following services:

• 7-step property marketing including photos and videos and posting on the company website, rental websites like Zillow, Trulia, RealEstate.com, and others, and the Facebook Marketplace as well as through real estate agent referrals
• Property showings
• Tenant screening
• Pet screening
• Lease signing
• Rent collection
• Owner payout disbursement
• Compliance with local and state laws
• Accounting
• Financial and property reporting
• Monthly performance reports
• Handling eviction processes via licensed attorneys

Moreover, Pine State Property Management offers several protections to landlords, including:

• 21-Day Leasing Guarantee: The property manager will provide two months of property management for free if they don’t find a quality tenant in 21 days or less (with some conditions).
• Leasing Guarantee: Pine State Property Management will find a new tenant for free in case a resident leaves before the first 12 months of the lease so that owners never pay a leasing fee twice in the same 12 months. The only exception is federal military relocation.
• Eviction Assurance Guarantee: The firm will cover the cost of eviction for tenants placed by them.
• Animal Protection Program: The property management company will pay for pet damage above the security deposit for approved animals.
• Security Deposit Guarantee: The property manager will cover damages above fair wear and tear up to the amount of a standard security deposit even if tenants opt out of the customary security deposit and choose the monthly security deposit waiver fee option.
• Rent Protection Program: The firm will return to owners up to one month’s rent when dealing with an eviction.

Pine State Property Management Locations

Pine State Property Management serves:

• Bangor
• Brewer
• Portland

Pine State Property Management Property Types

Pine State Property Management works with individual single-family and multifamily homes as well as portfolios of income properties rented out on an annual basis.

Pine State Property Management Costs

Property owners can select one of three service packages, including:

Silver Plan: This plan covers all basic services for running a long-term rental business.

• Leasing fee: $700 for single unit; 50% of one month’s rent for multi unit for a minimum of $550
• Monthly management fee: $99 for a single unit; $70 for multi unit
• Lease renewal fee: $350
• Initial setup fee: $100
• Annual inspection: $95 for single unit; $85 for multi unit
• Damage Assurance: $10/month
• Eviction Assurance: $10/month
• Rent Protection: $12/month
• Pet Protection: $10/month
• Bill payment: $10/bill
• ACH processing: $10/transaction
• End-of -lease inspection: $95 for single unit; $85 for multi unit
• Routine repair: 10% of total cost
• Annual tax documentation preparation: $45/year

Gold Plan: This plan covers everything in Silver with discounted rates for additional services.

• Leasing fee: $400
• Monthly management fee: $140 for single unit; $111 for multi unit
• Lease renewal fee: $325
• Initial setup fee: $100
• Annual inspection: $95 for single unit; $85 for multi uni
• Damage Assurance: $10/month
• Eviction Assurance: $10/month
• Rent Protection: $12/month
• Pet Protection: $10/month
• Bill payment: $5/bill
• ACH processing: $5/transaction
• End-of-lease inspection: $50 for single unit; $40 for multi unit
• Routine repair: 10% of total cost
• Annual tax documentation preparation: $35/year

Platinum Plan: This plan covers everything in Gold with a few extra services included in the monthly fee.

• Monthly management fee: $250 for single unit; $221 for multi unit with first month free
• Lease renewal fee: $100
• Initial setup fee: $275
• Annual tax documentation preparation: $25/year

The ability to choose from multiple service plans makes Pine State Property Management the best property management firm in Maine for flexibility. In this way, investors can go for the exact services that they need.

Pine State Property Management Terms

Maine real estate investors can cancel the management agreement with a 30-day notice.

Pine State Property Management Reviews

Over 150 property owners and tenants have reviewed the work of Pine State Property Management. Their reviews reveal mixed experiences.

You can find Pine State Property Management reviews on:

• ChamberofCommerce.com: Currently 3.7/5 stars based on 89 reviews
• Google: Currently 3.7/5 stars based on 74 reviews
• Yelp: Currently 1.0/5 stars based on 2 reviews

Positive reviews highlight the excellent properties, the great services, the smooth transitions, the swift processes, the low vacancy rates, the good tenants, the prompt responses to maintenance issues, and the efficient communication practices. Negative reviews mention disappointing and stressful experiences, misleading information, lack of proper follow up, security deposits withholding, and insufficient communication.

How to Get Started with Pine State Property Management

To get started with the best property management company in Maine for flexible options, property owners can fill in an online form on the Pine State Property Management website or call 207-991-9800.

Honest Property Management: Best for Different Property Types

Honest Property Management is a local, full-service property management company serving the entire Portland market. Kelsey McRichards founded the company in 2018, with headquarters in Portland, ME. The team works towards bringing higher profits for investors by combining cutting-edge technology with best-practices management. Honest Property Management provides customized pricing for single-family and multifamily rentals, which makes it the top Maine property management firm for diverse property types. 

Honest Property Management Services

Honest Property Management covers:

• Analysis of market trends and rental pricing
• Property marketing
• Tenant screening including credit, criminal, and eviction background checks
• Comprehensive pet screening
• Rent collection
• Owner funds distribution
• Comprehensive tenant management
• Compliance with local, state, and federal laws
• 24/7 maintenance
• Maintenance and repairs
• Financial reporting

Additionally, Honest Property Management provides a few important protections for Maine rental property owners that include:

• Leasing Guarantee
• Pet Protection Program
• Money-Back Guarantee
• Legal Compliance Guarantee

Honest Property Management Locations

Honest Property Management works in the following Maine cities:

• Auburn
• Augusta
• Brunswick
• Freeport
• Gardiner
• Gorham
• Hallowell
• Lewiston
• Lisbon
• Litchfield
• Manchester
• Portland
• Richmond
• Sidney
• Westbrook
• Vassalboro
• Waterville
• Whitefield
• Winthrop

Honest Property Management Property Types

Honest Property Management takes care of single-family and multifamily homes rented out on a short-term and long-term basis. They manage Section 8 housing too.

Honest Property Management Costs

Honest Property Management offers three different plans for managing long-term rental properties. The pricing is based on the included services and the property type, comprising:

Leasing Only: This plan covers the services needed to find a quality tenant.

• Leasing fee: One month’s rent for a minimum of $1,250; +$100/unit for Section 8 and housing assistance
• Non-refundable startup deposit: $250
• Coordination fee on maintenance and repairs: 15% of cost
• Customer services: $60/hour

Single Family: This plan covers everything in Leasing Only plus the services necessary to manage a single-family rental.

• Leasing fee: 50% of one month’s rent for a minimum of $650; +$100/unit for Section 8 and housing assistance
• Monthly management fee: 10% of monthly rent for a minimum of $150/unit; +$25/month for Section 8 and housing assistance
• Lease renewal fee: $199
• Onboarding fee: $100/unit for Section 8 and housing assistance
• Coordination fee on maintenance and repairs: 15% of cost
• Customer services: $60/hour

Multi Family: This plan covers everything in Leasing Only plus the services required to manage a multifamily rental.

• Leasing fee: 50% of one month’s rent for a minimum of $650; +$100/unit for Section 8 and housing assistance
• Monthly management fee: 8% of monthly rent for a minimum of $90/unit; +$25/month for Section 8 and housing assistance
• Lease renewal fee: $199
• Onboarding fee: $100/unit for Section 8 and housing assistance
• Coordination fee on maintenance and repairs: 15% of cost
• Customer services: $60/hour

The fact that Honest Property Management adjusts the pricing based on the property types makes them the best property management company in Maine for investors with diverse rental portfolios.

Honest Property Management Terms

Honest Property Management does not lock property owners with long-term management agreements. Under the Money-Back Guarantee, landlords can cancel contracts at any point, with no penalty fees.

Honest Property Management Reviews

Only about 20 real estate investors and tenants have written online reviews of Honest Property Management on third-party websites. Their reviews show generally good experiences.

You can find Honest Property Management reviews on:

• Google: Currently 4.3/5 stars based on 16 reviews
• Birdeye: Currently 4.2/5 stars based on 6 reviews
• BBB.org: Currently 1.5/5 stars based on 2 reviews

Satisfied property owners and renters praise the top-quality services, the excellent experiences, the fast handling of maintenance issues, the efficient online portal, the approachable and straightforward team members, the local market knowledge, the honesty, the respectful and friendly staff, and the communication practices. Dissatisfied customers write about lack of honesty, bad bookkeeping practices, unexpected fees, and unnecessarily high rental rates.

How to Get Started with Honest Property Management

To get started with the best property management company in Maine for different property types, rental property investors can submit an online form via the Honest Property Management website or call 207-500-7027.

Real Property Management Acadia: Best Large-Scale Property Manager

Real Property Management Acadia is a franchise of Real Property Management (RPM), which is a national property management company. Kirk McGary and Doug Oler established RPM in 1986, with headquarters in Salt Lake City, UT. The parent company delivers full-service residential property management services in a number of markets across the US and Canada, through 300+ franchises. Chip Foss opened the Maine branch in 2019, with headquarters in Bangor, ME. The company aims to be a trusted leader in the management of residential properties by providing local expertise through a highly trained, responsive team. Real Property Management Acadia is the best large-scale property management company in Maine as they offer comprehensive services at reasonable prices.

Real Property Management Acadia Services

Real Property Management Acadia provides the following services:

• Recommendations and guidance on how to get properties rent-ready
• Recommending a competitive monthly rental rate based on comprehensive analysis of the property condition, upgrade, school district, location, and access to transportation
• Comprehensive marketing and advertising
• Property showings
• Thorough tenant screening including credit and criminal background, employment verification, and residency and rental history
• Pet screening
• Lease signing and execution
• Professional tenant education
• Move-in walk-through
• Move-in and move-out property evaluations
• Rent collection
• Owner funds disbursement
• Regular professional inside and outside property evaluations with documentation and photos
• Cost-effective maintenance and repairs coordination through a network of in-house staff, contractors, and vendors
• All-inclusive accounting and reporting
• Itemized statements
• Tax documentation
• Strict and compliant evictions

Furthermore, Real Property Management Acadia provides the following protections to Maine investors:

• Eviction Protection Plan: In exchange for a monthly fee, Real Property Management Acadia will cover the legal fees related to unlawful detainer suits.
• Tenant Placement Protection: The company will place a new qualified tenant for free in case a resident placed by them vacates the property in less than six months.
• Rented in 29 Days Plan: Property owners will perceive a discount on one month of the property management fee if the firm does not place a tenant in 29 days or less.
• 60 Day Risk-Free Guarantee: Landlords can terminate the management agreement and receive all management fees back in the first 60 days if they are not entirely happy with the services.

Real Property Management Acadia Locations

Real Property Management Acadia operates in:

• Bangor
• Bar Harbor
• Brewer
• Ellsworth

Real Property Management Acadia Property Types

Real Property Management Acadia works with both single-family and multifamily properties rented out on a long-term basis.

Real Property Management Acadia Costs

Real Property Management Acadia has different management fees for single-family and multi-unit properties.

The owners of single-family homes can choose between:

Premium Plan: This plan covers all basic services needed to manage a rental business.

• Monthly management fee: 7.9% of monthly rent for a minimum of $75/month

Gold Plan: This plan covers everything in Premium plus 60 Day Risk-Free Guarantee and Tenant Placement Guarantee.

• Monthly management fee: 9.9% of monthly rent for a minimum of $125/month

Platinum Plan: This plan covers everything in Gold plus Eviction Guarantee and annual property evaluation.

• Monthly management fee: 11.9% of monthly rent for a minimum of $75/month

There are three service packages for multi-unit properties too, including;

Premium Plan

• 1-10 units: 7.49% of monthly rent for a minimum of $75
• 11-29 units: 6.9% of monthly rent for a minimum of $69
• 30+ units: $60

Gold Plan

• 1-10 units: 9.49% of monthly rent for a minimum of $95
• 11-29 units: 8.9% of monthly rent for a minimum of $89
• 30+ units: $80

Platinum Plan

• 1-10 units: 11.49% of monthly rent for a minimum of $125
• 11-29 units: 10.9% of monthly rent for a minimum of $115
• 30+ units: $100

Meanwhile, the leasing fee for both single-family and multifamily homes depends on the monthly rent, starting from 60% of monthly rent when it’s above $2,001 and reaching 100% when it’s $750 and below.

Investors can get the lease only services for 85% of one month’s rent for a minimum of $850.

The steep discounts for multi units make Real Property Management Acadia a particularly good option for the owners of multifamily properties and multiple rental homes in their portfolios.

Real Property Management Acadia Terms

Under the 60 Day Risk-Free Guarantee, property owners can cancel services in the first 60 days of signing an agreement and get back the property management fees they have paid so far.

Real Property Management Acadia Reviews

There are over 100 online reviews of the services provided by Real Property Management Acadia on third-party websites, showing generally positive experiences.

You can find Real Property Management Acadia reviews on:

• Birdeye: Currently 4.1/5 stars based on 45 reviews
• Google: Currently 4.3/5 stars based on 39 reviews
• Facebook: Currently 5.0/5 stars based on 28 reviews

Happy real estate investors and renters talk about the worry-free and stress-free experiences, the effortless processes, the professionalism, the extreme helpfulness, the comprehensive and prompt responses to all questions and concerns, the affable and amiable staff members, and the outstanding team. Unhappy customers complain about disrespectful practices, no accommodation to customer needs, overly automated processes, and total lack of communication.

How to Get Started with Real Property Management Acadia

To get started with the best large-scale property management company in Maine, rental property owners can fill in an online form on the Real Property Management Acadia website or call 207-561-7482.

Takeaway

These are the 6 best property management companies in Maine. HomeRiver Group and Awning are the absolute best property managers for long-term and short-term rentals, respectively. Meanwhile, MJS Home Repairs & Property Management is a top choice for flat fees, and Pine State Property Management is the best alternative for flexibility. Investors with diverse portfolios should check out Honest Property Management, while those who’d like to work with a large-scale company with national coverage can consider Real Property Management Acadia.