Maryland Property Management: Top 5 Options

The Maryland real estate market offers profitable opportunities to savvy investors. Currently, home values are close to the national averages, but local realtors are reporting above-average appreciation, which means that affordability might become an issue in the near future.

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 Maryland are:

• HomeRiver Group: Best Overall Property Management Company in Maryland 
• Bay Property Management Group: Best for Customizable Fees
• Provision RPM: Best for Easy Pricing
• HomeWorks Property Management: Best for Flexibility
• Premier Property Management Investment: Best for Multiple Units

Meanwhile, here you can check out the best property management companies in Baltimore, MD.

How We Selected the Best Property Management Companies in Maryland

In our ranking of the 5 best property management firms in the State of Maryland, we focused on multiple criteria in order to be comprehensive and objective:

• Property management services scope and quality: First and foremost, we made sure that we include companies that provide high-quality, comprehensive services in order to allow investors to make passive income from their Maryland rental properties.
• Property management fees and costs: We focused on property managers with clear, efficient pricing models with no hidden fees and overcharges.
• Geographical coverage: We chose companies that work in all parts of the Maryland market.
• Property type coverage: We selected companies managing all types of residential properties rented out on a short-term and long-term basis to meet the needs of all investors.
• Company size and locations: We ranked both small, local property managers and large companies with nationwide coverage as each style of property management comes with its own pros and cons, and investors should be able to choose.
• Use of technology and human interventions: We ensured that selected companies make use of the latest technology to optimize processes, without ignoring the need for human efforts in the rental business.
• Online reviews by property owners and renters: We checked out the overall ratings and individual reviews of short-listed companies on reputable, reliable third-party review websites.
• Value for money: Finally, we chose the 5 property managers that provide the highest value for money in the Maryland market.

HomeRiver Group: Best Overall Property Management Company in Maryland

HomeRiver Group is the largest, third-party, long-term rental property management company in the US, with a solid presence in Maryland. John Hirschfeld, Andrew Propst, Doug Dale, and Joshua Bangert started the company in 2016, with headquarters in New York, NY. In the State of Maryland, HomeRiver Group operates through two local offices: in Baltimore and in Ocean City. Nationwide, the company manages 40,000+ rental properties and 32,000+ homes within HOA communities in 31 states. This wide coverage has been attained by acquiring the best local property managers in different locations and turning them into partners. HomeRiver Group is the top property management company in Maryland since it provides comprehensive services at affordable rates.

HomeRiver Group Property Management Services

The full-service property management delivered by HomeRiver Group in Baltimore and Ocean City includes:

• Property-specific expert market analysis to maximize return on investment
• Property marketing and advertising
• Extensive tenant screening
• Move-in coordination
• Rent collection
• Owner payout distribution
• Routine property inspections
• Prompt handling of maintenance and repairs
• Property accounting
• Detailed financial reporting
• Evictions

HomeRiver Group Property Management Locations

HomeRiver Group serves the following parts of the Maryland market:

• Abingdon
• Annapolis
• Baltimore
• Bethany Beach
• Canton
• Catonsville
• Delaware
• Dewey Beach
• Havre de Grace
• Manchester
• Nottingham
• Ocean City
• Ocean Pines-Berlin
• Ocean View
• Roland Park
• Salisbury
• Severna Park
• Westminster

HomeRiver Group Property Types

HomeRiver Group works with single-family and multifamily homes rented out on an annual basis.

HomeRiver Group Property Management Costs

The Maryland branches of HomeRiver Group do not explain the pricing structure in the local market. In other locations, the company charges both flat fees and percentage of monthly rent, starting at just 5% of rental income.

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

HomeRiver Group Property Management Terms

HomeRiver Group does not provide a copy of the management agreement applicable to Baltimore and Ocean City. In general, the property manager works with an initial contract of 6 or 12 months, which can get renewed on a monthly basis after the end of the initial period.

HomeRiver Group Property Management Reviews

Around 30 Maryland property owners and tenants have written online reviews of the work of HomeRiver Group. Their reviews result in very good overall ratings.

You can find HomeRiver Group reviews pertinent to Baltimore and Ocean City on:

• Birdeye: Currently 3.7/5 stars based on 9 reviews
• Google: Currently 4.0/5 stars based on 8 reviews
• Google: Currently 3.9/5 stars based on 8 reviews
• Birdeye: Currently 3.9/5 stars based on 8 reviews

Positive reviews focus on the well-maintained rentals, the prompt responses to emergencies, the team going above and beyond at all occasions, the professionalism, the dependability, the helpfulness, the considerate staff members, and the excellent communication. Negative reviews discuss lack of professionalism and inadequate communication.

How to Get Started with HomeRiver Group Property Management

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

Bay Property Management Group: Best for Customizable Fees

Bay Property Management Group is a local, full-service property management company working with long-term rentals in Maryland, Pennsylvania, Northern Virginia, and Washing, DC. Patrick Freeze launched the company in 2010, with headquarters in Baltimore, MD. At the moment, the company manages 6,000+ rental units including single-family homes, apartment buildings, and rental homes portfolios. The team uses the latest technology in the industry to offer greater transparency and reduced costs to investors. Bay Property Management Group is the best property management company in Maryland for customizable pricing as the fees depend on the property and the location.

Bay Property Management Group Services

Bay Property Management Group offers comprehensive services including:

• Rental registration
• Aggressive property marketing including all major search engines, popular rental websites such as the MLS, Zillow, HotPads, Locators, and Craigslist, online classifieds, and off-site marketing
• Tenant screening including prior evictions, judgments, liens, bankruptcies, criminal history, credit worthiness, and income verification
• Move-in and move-out inspections with documentation and photos
• Lease signing
• Rent collection
• Owner rent payment disbursement via electronic direct deposit or standard checks
• Full legal compliance
• Maintenance work via in-house handymen and a stable of contractors
• Financial reporting
• Monthly and annual financial statements
• End-of-year 1099s
• Eviction services including suit filings

Bay Property Management Group Locations

In the State of Maryland, Bay Property Management Group covers the following areas:

• Bolton Hill
• Butcher’s Hill
• Canton
• Charles Village
• Federal Hill
• Fells Point
• Gwynn Oak
• Hampden
• Locust Point
• Mt. Vernon
• Otterbein
• Roland Park
• Station South
• Washington Village

In addition, the company operates in multiple locations in:

• Pennsylvania
• Virginia
• Washington, DC

Bay Property Management Group Property Types

Bay Property Management Group takes care of single-family homes, townhouses, apartments, and multifamily properties rented out on a long-term basis.

Bay Property Management Group Costs

Bay Property Management Group works under a single service plan, incurring the following fees:

• Leasing fee: One month’s rent
• Monthly management fee: 3%-10% but typically 5%-8%, depending on the number of units, the location, and the expected rental amount
• Startup fee: $99 (in some locations)
• Lease renewal fee: $100-$299, depending on the location and the jurisdiction

This is a simple pricing model with competitive rates. The fact that Bay Property Management Group adjusts the monthly fee according to the location and the type of the property makes them the best property manager in Maryland for customizable pricing.

Bay Property Management Group Terms

Bay Property Management Group does not specify the terms of contract that property owners need to sign. Thus, it’s recommended that interested investors get in touch with the team and ask for a copy that they can review before getting started.

Bay Property Management Group Reviews

There are more than 2,200 online reviews of Bay Property Management Group that show somewhat mixed experiences.

You can find Bay Property Management Group reviews on:

• Google: Currently 4.4/5 stars based on 1,232 reviews
• Birdeye: Currently 4.1/5 stars based on 774 reviews
• Yelp: Currently 2.1/5 stars based on 186 reviews
• BBB.org: Currently 3.95/5 stars based on  80 reviews

Satisfied real estate investors and renters highlight the excellent experiences, the efficient processes, the professionalism, the regular updating, the quick solutions to issues, the problem-free transactions, the prompt responses to questions, the incredibly responsive and kind staff, and the great communication. Dissatisfied customers mention disappointing experiences, frustrating practices, slow implementation of needed repairs, bad preventive maintenance policies, and absent communication.

How to Get Started with Bay Property Management Group 

To get started with the best property management company in Maryland for customizable fees, rental property owners can fill in an online form on the Bay Property Management Group website or call 443-708-4698.

Provision RPM: Best for Easy Pricing

Provision RPM is a locally owned and operated full-service property management company serving the Annapolis area of Maryland. Patric and Noah Dodson started the company, with headquarters in Severna Park, MD. The team aims to capitalize on their expertise and experience to help other investors maximize profits with their rental properties. Provision RPM is the top property management company in Maryland for easy, clear pricing as it charges only a few straightforward fees. 

Provision RPM Property Management Services

Provision RPM provides full-service property management that includes:

• Property registration
• Property marketing
• Tenant screening including credit, income, and assets
• Lease agreement coordination
• Rent collection
• Owner earnings distribution
• Transferring and maintaining utilities, water, and trash
• Mortgage payments
• Tenant management
• HOA notices and violations
• Regular inspections
• 24/7 resident customer service
• Maintenance including plumbing, landscaping, HVAC, electrical, and general repairs
• Repairs by licensed professionals
• Fixing housing code violations
• Accounting and bookkeeping
• Processing owner statements
• Legal proceedings including court filings, appearances, and evictions
• Renovations

Provision RPM Property Management Locations

Provision RPM serves multiple areas in a few counties in Maryland, including:

• Annapolis
• Arnold
• Baltimore
• Bowie
• Centreville
• Columbia
• Crofton
• Crownsville
• Dundalk
• Edgewater
• Fort Meade
• Gambrills
• Glen Burnie
• Greater Landover
• Kent Island
• Odenton
• Pasadena
• Severn
• Severna Park

Provision RPM Property Types

Provision RPM manages single-family homes, townhouses, and apartment units rented out on a long-term basis.

Provision RPM Property Management Costs

Provision RPM offers a single management plan with the following fees:

• Leasing fee: 50% of one month’s rent
• Monthly management fee: 9% of monthly rent
• Lease takeover fee: $199

Owners with 10+ doors benefit from discounted property management fees.

This straightforward fee model with no unnecessary charges makes Provision RPM the best property management firm in Maryland for easy pricing.

Provision RPM Property Management Terms

Provision RPM does not provide details on the management agreement, so interested property owners need to contact the team and ask for a copy that they can review in advance.

Provision RPM Property Management Reviews

More than 50 property owners and renters have reviewed the work of Provision RPM. Their reviews show extremely positive overall experiences.

You can find Provision RPM reviews on:

• Google: Currently 4.9/5 stars based on 51 reviews
• Facebook: Currently 5.0/0 stars based on 6 reviews

Positive reviews focus on the 5-star service, the easy processes, the smooth transitions, the professionalism, the responsiveness, the helpfulness, the good care of tenants, the wonderful team members, and the great communication. The only negative review mentions a slow move-in process.

How to Get Started with Provision RPM Property Management

To get started with the best property management company in Maryland for easy pricing, landlords can submit an online form via the Provision RPM website or call 443-218-3110.

HomeWorks Property Management: Best for Flexibility

HomeWorks Property Management is a local, full-service property management company serving Central Maryland. Bruce Hildyard established the company in 2003, with headquarters in Towson, MD. The team strives to help property owners maximize return on investment without having to undergo the stress of being a DIY landlord. HomeWorks Property Management is the top Maryland property manager for flexible options because of offering multiple plans for owners to choose from.

HomeWorks Property Management Services

The property management services covered by HomeWorks include:

• Property registration processing
• Access to he SureVestor landlord insurance, offering protection in multiple unfortunate cases
• Aggressive property marketing and syndication across multiple rental websites, including high-quality photos and 3D Matterport tours
• Property showings
• Careful tenant screening including background and financial checks
• Resident orientation
• Move-in and move-out assessments
• Rent collection
• Owner earnings disbursement via electronic payment
• Payment of utility bills
• Regular property inspections
• Quarterly safety assessment
• 24/7 maintenance hotline
• Maintenance and repairs handling and coordination
• Overseeing insurance claims
• Financial reporting
• Comprehensive monthly statements
• Annual 1099 filing

HomeWorks Property Management Locations

HomeWorks operates in:

• Anne Arundel County
• Baltimore City
• Baltimore County
• Carroll County
• Harford County
• Howard County

HomeWorks Property Management Property Types

HomeWorks manages single-family homes, townhouses, and apartment units rented out on a long-term basis.

HomeWorks Property Management Costs

Maryland rental property owners can choose from four different service packages, including:

Leasing Only: This plan covers everything needed to place a tenant.

• Leasing fee: One month’s rent

Gold: This plan covers everything in Leasing Only plus all services required to operate a long-term rental business.

• Leasing fee: One month’s rent
• Monthly management fee: 8% of monthly rent
• Quarterly safety assessment: $49
• Property registration processing: $25
• Overseeing insurance claims: $300
• Annual 1099 filing: $25

Platinum: This plan covers everything in Gold plus 9 Months Resident Guarantee, property registration processing, overseeing insurance claims, and annual 1099 filing.

• Leasing fee: One month’s rent
• Monthly management fee: 10% of monthly rent
• Quarterly safety assessment: $49

Multi Property: This plan is tailored to the needs of investors with 5+ properties.

• Leasing fee: One month’s rent
• Monthly management fee: Custom pricing
• Quarterly safety assessment: $49

This diversity of available plans makes HomeWorks the best Maryland property management company for flexible options.

HomeWorks Property Management Terms

HomeWorks does not elaborate on the details of the management agreement, so interested landlords are encouraged to contact the company and ask for a copy that they can diligently review.

HomeWorks Property Management Reviews

More than 400 property owners and tenants have reviewed the services of HomeWorks Property Management. Their reviews show generally positive experiences.

You can find HomeWorks Property Management reviews on:

• Birdeye: Currently 4.2/5 stars based on 138 reviews
• Trustindex: Currently 4.2/5 stars based on 132 reviews
• Google: Currently 4.2/5 stars based on 122 reviews
• Yelp: Currently 2.7/5 stars based on 19 reviews

Happy investors and renters discuss the fast handling of issues, the amazing responsiveness and patience of the team, the professionalism, the helpfulness, the wonderful and polite staff that is always on top of things, the top-notch customer service, and the prompt communication. Unhappy customers complain about discrimination, ignoring tenant safety, sluggish responses to maintenance requests, and incompetence.

How to Get Started HomeWorks with Property Management

To get started with the best property management company in Maryland for flexibility, property owners can fill in an online form on the HomeWorks Property Management website or call 410-413-1279.

Premier Property Management Investment: Best for Multiple Units

Premier Property Management Investment is a local, full-service property management company whose services are available throughout the Greater Baltimore region. Charles Barnett founded the company in 2007, with headquarters in Baltimore, MD. The team focuses on customer service to help property owners maximize their return on real estate investment. Premier Property Management Investment prides themselves on the ability to scale to the needs of each client, which is one of the main reasons that makes them the best Maryland property manager for multiple units.

Premier Property Management Investment Services

Premier Property Management Investment covers the following services:

• On-site and digital property marketing
• Property showings
• Comprehensive tenant screening including credit reports, rental history, references, employment verification records, and criminal background checks
• Attorney-prepared documents for legal and binding leases
• Move-in and move-out reports
• Rent collection
• Owner funds disbursement
• Frequent inspections
• Persistent, proactive 24/7 maintenance
• Property maintenance, rehab, and repairs
• Facilitating insurance claims
• Comprehensive financial reporting
• Monthly itemized statements
• Annual statement for tax purposes
• Processing evictions

In addition, Premier Property Management Investment provides a 12 Month Tenant Warranty.

Premier Property Management Investment Locations

Premier Property Management Investment serves the following areas of Maryland:

• Anne Arundel County: Annapolis, Crafton, Edgewater, Glen Burnie, and Pasadena
• Baltimore City: Canton, Charles Village, Downtown, Fells Point, Hampden, Hamilton, Pigtown, Reservoir Hill, Seton Hill, and South Baltimore
• Baltimore County: Arbutus, Catonsville, Cockeysville, Dundalk, Halethorpe, Hunt Valley, Middle River, Owings Mills, Parkville, Pikesville, Randallstown, Rosedale, Towson, Woodlawn, and White Marsh
• Carroll County: Eldersburg, Hampstead, Mt. Airy, Sykesville, Taneytown, Westminster, and Woodbine
• Harford County: Aberdeen, Bel Air, Edgewood, Havre de Grace, and Kingsville
• Howard County: Clarksville, Columbia, Elkridge, Ellicott City, and North Laurel
• Montgomery County: Bethesda, Gaithersburg, Germantown, Olney, Rockville, Silver Spring, and Tacoma Park
• Prince George’s County: Bowie, Capitol Heights, College Park, Greenbelt, Hyattsville, and Upper Marlboro

Premier Property Management Investment Property Types

Premier Property Management Investment works with all types of single-family and multi-family residences rented out on a long-term basis.

Premier Property Management Investment Costs

Premier Property Management Investment charges two fees:

Leasing fee: One month’s rent

Monthly management fee based on the number of units:

• 1-4 units: 10% of monthly rent
• 5-7 units: 9.5% of monthly rent
• 8-10 units: 9% of monthly rent

The discounts available for multiple units make Premier Property Management Investment the top property manager in Maryland for the owners of rental portfolios.

Premier Property Management Investment Terms

Premier Property Management Investment does not have a copy of the contract on the company website. Thus, investors are advised to get in touch with the team and ask for a copy to review.

Premier Property Management Investment Reviews

There are more than 400 online reviews of Premier Property Management Investment that show generally good experiences.

You can find Premier Property Management Investment reviews on:

• Birdeye: Currently 4.2/5 stars based on 237 reviews
• Google: Currently 4.0/5 stars based on 167 reviews
• Facebook: Currently 4.8/5 stars based on 26 reviews
• Yelp: Currently 1.0/5 stars based on 3 reviews

Satisfied property owners and tenants highlight the exceptional experiences, the fast and efficient processes, the commitment to quality, the strong work ethic, the excellent attitude, the experience to handle all challenges, the amazing properties, the wonderful staff, and the knowledgeable team. Dissatisfied customers complain about unfair practices, lack of professionalism, slow processes, overcharging, and unpleasant and unfriendly staff members.

How to Get Started with Premier Property Management Investment

To get started with the best property management company in Maryland for multiple units, property owners can submit an online form via the Premier Property Management Investment website or call 410-522-1079.

Takeaway

These are the 6 best property management companies in Maryland for the needs of all types of investors. The best overall property managers for long-term and short-term rentals are HomeRiver Group and Awning, respectively, for offering comprehensive services at highly competitive rates. Maryland real estate investors looking for customizable fees should consider Bay Property Management Group, and those interested in easy, straightforward pricing could check out Provision RPM. HomeWorks Property Management offers the best service flexibility, while Premier Property Management Investment is the top choice for investors with portfolios.