The Savannah real estate market is a good place to invest in a rental property in 2023. While this might not be the first city that investors think of, there are many factors that make it a top choice for long-term and short-term rental property owners. Importantly, at the moment Savannah home values are significantly lower than the US averages but are experiencing good appreciation. Meanwhile, the long-term rental market is driven by the growing economy, the positive population growth, and the affordable cost of living. The short-term rental market benefits from over 8 million overnight visitors per year.
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The 6 best property management companies in Savannah, GA are:
- HomeRiver Group: Best Overall Property Management Company in Savannah
- Palm Property Management: Best for Flexibility
- SouthCoast Properties: Best for Clear Pricing
- Carco Properties: Best for Simple Fees
- Frank Moore & Co: Best for Affordability
How We Selected the Best Property Management Companies in Savannah
The selection of the best property management companies in a market needs to rely on multiple factors in order to be objective and comprehensive.
In our ranking of the top 6 property managers in Savannah, GA, we focused on the following criteria:
- Property management services: We looked for companies that provide comprehensive services that allow investors to invest remotely and profitably.
- Property management costs and fees: We chose property managers with clear, straightforward pricing structures with no hidden fees and charges.
- Rental market coverage: We searched for property management companies that operate in all parts of the Savannah rental market.
- Rental property type coverage: We selected companies that work with different types of residential properties rented out on a short-term and long-term basis to ensure comprehensiveness.
- Company size and headquarters: We included both small, local property managers and large companies with national coverage as each style of property management brings its own advantages and disadvantages.
- Use of technology and human touch: We focused on companies that combine the use of technology with human interventions to deliver the best results for investors and tenants.
- Online reviews by property owners and renters: We took into consideration the overall ratings of each company on leading third-party review websites and looked through individual reviews to identify the main pros and cons.
- Value for money: Finally, we ranked the 6 Savannah property management companies that deliver the best value for money to rental property investors.
HomeRiver Group: Best Overall Property Management Company in Savannah
HomeRiver Group is the biggest third-party long-term rental property manager in the US market, with a well-established presence in Savannah, GA. John Hirschfeld, Andrew Propst, Doug Dale, and Joshua Bangert launched the company in 2016, with headquarters in New York, NY. Currently, HomeRiver Group works with 40,000+ rental properties and 32,000+ homes within HOA communities across 32 states. This wide geographic coverage has been attained by acquiring the best local property management companies and turning them into partners. What makes HomeRiver Group the absolute top property manager in Savannah is the comprehensive services delivered at competitive rates.
HomeRiver Group Property Management Services
HomeRiver Group offers full-service property management for long-term rentals which includes:
- Expert market analysis to maximize return on investment
- Property marketing and advertising
- Extensive tenant screening
- Rent collection
- Owner payout disbursement
- Routine inspections
- Maintenance coordination
- Accounting
- Detailed financial reporting
- Evictions
HomeRiver Group Property Management Locations
The services provided by the Savannah office of HomeRiver Group are available in:
- Garden City
- Hutchinson Island
- Isle of Hope
- Savannah
- Tybee Island
- Vernonburg
HomeRiver Group Property Types
HomeRiver Group Savannah works with single-family homes and small multifamily properties rented out on a long-term basis.
HomeRiver Group Property Management Costs
The website of the HomeRiver Group Savannah office does not explain the pricing structure for the services that they provide. However, in other markets, fees are always competitive, especially taking into consideration the comprehensive property management services. They are a mix of flat fees and percentages of rental income to align with local trends.
In addition to a monthly fee, real estate investors can expect to also have to pay a leasing fee, a lease renewal fee, and a routine property inspection fee.
HomeRiver Group Property Management Terms
In most cases HomeRiver Group works with 6- or 12-month initial management agreements. After the end of the initial agreement, month-to-month contracts become available too.
HomeRiver Group Property Management Reviews
There are no online reviews of the services provided by the Savannah team of HomeRiver Group, but there are over 1,000 reviews of HomeRiver Group Atlanta. They show generally good experiences.
You can find HomeRiver Group reviews on:
- Birdeye: Currently 3.6/5 stars based on 539 reviews
- Google: Currently 3.7/5 stars based on 492 reviews
Positive reviews by satisfied investors and renters praise the high-quality services, the efficient processes, the prompt resolutions of property issues, the personable and responsive team members, the organized and helpful staff, and the timely communication. Negative reviews talk about poorly maintained rentals, problems with utilities, issues with appliances, and lack of proper communication.
How to Get Started with HomeRiver Group Property Management
To get started with the best overall property management company real estate investors can submit an online form via HomeRiver Group or call 415-610-7867.
Palm Property Management: Best for Flexibility
Palm Property Management is a local, full-service property manager covering the entire Savannah rental market. Lex Claxton started the company in 2013, with headquarters in Savannah, GA. The team is committed to embracing the core values of positive experience, clear communication, being process driven, and implementation. Palm Property Management has 3 different service packages to cover the needs of various types of investors, which makes them the best Savannah property management company for flexible options.
Palm Property Management Services
The comprehensive services delivered by Palm Property Management include:
- Property marketing and advertising including high-resolution, watermarked photography and videos and syndication to industry-leading property advertisers
- In-person showings with listing agents and digital Lockbox showings
- Automated high-tech comprehensive tenant screening
- Pet screening
- Initial lease execution
- Move-in inspections including paint condition, flooring condition, appliance and fixture condition, etc.
- Move-out inspections for damages beyond normal wear and tear
- Move-in coordination
- Move-out and security deposit coordination
- Rent collection
- Owner funds disbursement via direct deposit
- Online bill payments
- Additional inspections
- 24/7 emergency repair coordination
- Maintenance coordination
- Vendor management
- Financial reporting
- Monthly and year-end owner statements
- 1099 owner filings
- Eviction coordination including court administration
Palm Property Management Locations
Palm Property Management operates in Savannah and Allenhurst, GA.
Palm Property Management Property Types
Palm Property Management works with single-family homes, houses, and apartments in Savannah rented out for 12 or 24 months.
Palm Property Management Costs
Palm Property Management offers 3 different service packages. The price depends on the services included in each plan. The available packages are:
Copper: This plan covers the most important day-to-day tasks.
- Monthly management fee: 8% of monthly rent
- Online monthly and year-end owner statements and 1099 owner filings: $25/property
- Home warranty coordination: $49
- Additional inspections: $99
- Wellness check prior to move out: Starting at $99
Gold: This plan covers everything in Copper plus home warranty coordination, additional inspections, and some wellness checks prior to move-out.
- Monthly management fee: 10% of monthly rent
- Online monthly and year-end owner statements and 1099 owner filings: $10/property
- Wellness check prior to move out: Starting at $49
Platinum: This plan covers everything in Gold plus owner statements and more wellness checks prior to move-out.
- Monthly management fee: 15% of monthly rent
- Wellness check prior to move out: Starting at $29
All these different pricing plans make Palm Property Management the best Savannah property manager for flexible options for investors.
Palm Property Management Terms
Palm Property Management does not provide an electronic copy of the contract that landlords need to sign. Thus, it’s recommended that Savannah real estate investors contact the team and ask for a copy that they can review in advance.
Palm Property Management Reviews
More than 170 property owners and tenants have reviewed the services provided by Palm Property Management on third-party websites. Their reviews show mixed experiences.
You can find Palm Property Management reviews on:
- Google: Currently 3.4/5 stars based on 90 reviews
- ChamberofCommerce.com: Currently 3.5/5 stars based on 88 reviews
Positive reviews focus on the well-maintained rental properties, the quick and easy processes, the prompt and satisfactory solutions to maintenance issues, the affordable rates, the wonderful and responsive team members, and the level of professionalism. Negative reviews mention terrible experiences, early termination of leases, broken appliances, unprofessional and unreasonable staff, and withholding of security deposits without a valid reason.
How to Get Started with Palm Property Management
To get started with the best property management company in Savannah for flexibility, rental property owners can fill in an online form on the Palm Property Management website or call 912-509-7256.
SouthCoast Properties: Best for Clear Pricing
SouthCoast Properties is a family-owned and operated property management company serving Savannah and the surrounding areas. Kathy Fairchild established the company in 2006, with headquarters in Savannah, GA. The team works towards maximizing cash flow, minimizing the vacancy period, and protecting owners’ investments.
SouthCoast Properties Property Management Services
SouthCoast Properties provides the following services to the owners of long-term rental properties in the Savannah market:
- Aggressive property marketing including virtual tours, the MLS, social media, and syndication
- In-person property showings
- Comprehensive tenant screening
- Lease preparation and execution
- Rent collection
- Owner earnings disbursement via ACH
- 24/7 emergency call center
- Regular property inspections with reports and photos
- Maintenance coordination
- Vendor relationships
- Detailed financial reporting
- Monthly and year-end statements
SouthCoast Properties Property Management Locations
SouthCoast Properties operates throughout the Savannah metro area and all surrounding areas including:
- Garden City
- Historic Savannah
- Islands
- Pooler
- Port Wentworth
- Richmond Hill
- Savannah
- Skidaway Island
- Southside
- Thunderbolt
- Tybee Island
- West Chatham
SouthCoast Properties Property Types
SouthCoast Properties manages both single-family homes and multifamily properties including condos, townhouses, apartments, duplexes, triplexes, and quadruplexes.
SouthCoast Properties Property Management Costs
Landlords can choose between leasing only and full-service property management. SouthCoast Properties charges the following fees for the services that it provides:
- Lease Only: This plan covers everything needed to get a property occupied.
- Leasing fee: One month’s rent
- Full-Service: This plan covers everything in Lease Only plus all services needed to manage a long-term rental.
- Monthly management fee: 10% of monthly rent
This is a very clear pricing model with no additional charges and no hidden fees. That’s what makes SouthCoast Properties the top property management company in Savannah for transparent and straightforward pricing.
SouthCoast Properties Property Management Terms
The SouthCoast Properties website does not have the property management agreement. Interested property owners should get in touch with the team and ask for a copy that they can review before making a decision. It’s important to know how easy or not it is to opt out of services should you not be fully satisfied with the quality.
SouthCoast Properties Property Management Reviews
More than 300 investors and renters have reviewed the property management services delivered by SouthCoast Properties. Their reviews reveal average overall ratings.
You can find SouthCoast Properties reviews on:
- Google: Currently 3.7/5 stars based on 159 reviews
- ChamberofCommerce.com: Currently 3.6/5 stars based on 123 reviews
- Yelp: Currently 1.7/5 stars based on 23 reviews
Happy property owners and tenants praise the positive experiences, the simple processes, the positive attitude, the prompt handling of requests, the extremely helpful team, the professional and courteous staff, and the incredible communication. Unhappy customers complain about difficult and stressful experiences, inefficient services, unexpected fees and charges, and delays in returning security deposits.
How to Get Started with SouthCoast Properties Property Management
To get started with the best property management company in Savannah for clear pricing, landlords can submit an online form via the SouthCoast Properties website or call 912-925-9925.
Carco Properties: Best for Simple Fees
Carco Properties is a Savannah-based full-service property management company focusing on delivering personalized services to property owners in the Greater Savannah area and surrounding counties. Joel Carter established the company in 2005, with headquarters in Savannah, GA. The team works towards bringing focused yet flexible services, with unfaltering attention to detail and the highest quality. Carco Properties charges a single property management fee for the services that it provides with no hidden leasing and lease renewal fees, which makes them the best property management company in the Savannah market for simple pricing structure.
Carco Properties Property Management Services
As one of the best rental property management companies in Savannah, Carco Properties covers the following services:
- Market analysis
- Personalized management plan
- Aggressive online marketing
- Property showings
- Comprehensive tenant screening and selection
- Lease agreement preparation and negotiations
- Move-in coordination
- Rent collection
- Invoicing and billing
- Property inspections with detailed reports
- Cost-effective licensed and insured maintenance
Carco Properties Property Management Locations
Cargo Properties provides rental property management services throughout the Greater Savannah area and surrounding counties.
Carco Properties Property Types
Carco Properties works with single-family homes and apartments.
Carco Properties Property Management Costs
Carco Properties provides lease only as well as full-service property management services. In both cases, owners pay a single fee, which makes Carco Properties the best Savannah property manager for simplicity.
The fees are:
- Leasing Agency Services: This plan covers everything needed to place a good tenant.
- Leasing fee: 50% of one month’s rent
- Full-Service Property Management: This plan covers everything in Leasing Agency Services plus all monthly activities for running a long-term rental property.
- Monthly management fee: 10% of monthly rent
There are no signing fees, leasing fees, advertising fees, maintenance fees, and vacancy fees.
Carco Properties Property Management Terms
The Carco Properties website does not discuss the terms of the management contract, so Savannah property owners need to get in touch with the company and ask for a copy that they can review before hiring them.
Carco Properties Property Management Reviews
There are nearly 80 online reviews of the services provided by Carco Properties that reveal mixed experiences.
You can find Carco Properties reviews on:
- ChamberofCommerce.com: Currently 3.0/5 stars based on 29 reviews
- Birdeye: Currently 3.0/5 stars based on 25 reviews
- Google: Currently 3.6/5 stars based on 23 reviews
- Yelp: Currently 1.0/5 stars based on 2 reviews
Happy property owners and renters highlight the awesome services, the pleasant experiences, the nice properties, the good neighbors, the low vacancy rates, the timely responses to maintenance requests, the ease of conducting business, and the organized staff members. Unhappy customers discuss discriminatory practices, unprofessional behavior, and rude team members.
How to Get Started with Carco Properties Property Management
To get started with the best property management company in Savannah for simple fees, real estate investors can submit an online form via the Carco Properties website or call 912-208-0560.
Frank Moore & Co: Best for Affordability
Frank Moore & Co is a local property management company providing comprehensive services to investors in the Greater Savannah area. Frank Moore founded the company in 1998, with headquarters in Savannah, GA. So, this is one of the oldest local property managers in the market. The team strives to help busy real estate investors build wealth, serve their communities, and get their life back. Frank Moore & Co charges lower monthly fees than other top Savannah property management companies, which makes them an affordable option for local and remote investors.
Frank Moore & Co Property Management Services
The services covered by Frank Moore & Co include:
- Property marketing including Zillow, Trulia, Facebook Marketplace, etc.
- Property showings
- Tenant screening including credit reports, criminal background checks, employment references, and former landlord references
- Thorough move-in inspections
- Lease agreements
- Rent collection
- Owner funds deposit
- Resident relationships
- Lease enforcement
- Maintenance issues handling
- Accounting
Frank Moore & Co Property Management Locations
Frank Moore & Co serves all areas of Savannah.
Frank Moore & Co Property Types
Frank Moore & Co manages single-family homes, apartments, and small multifamily properties in the Savannah market.
Frank Moore & Co Property Management Costs
Frank Moore & Co offers a single property management service package which covers all the most important tasks associated with running a rental property business. The fees include:
- Leasing fee: 50% of one month’s rent
- Monthly management fee: Starting at 9.5% of monthly rent
- Lease renewal fee: 25% of one month’s rent
The fees charged by Frank Moore & Co are affordable compared to the fees of other top Savannah property managers. Most companies ask for 10% of monthly rent, while Frank Moore & Co charges only 9.5%.
Frank Moore & Co Property Management Terms
The website of Frank Moore & Co does not provide information about the management agreement, so investors are advised to contact the company and ask for a copy.
Frank Moore & Co Property Management Reviews
More than 190 property owners and tenants have reviewed Frank Moore & Co. Their reviews show generally positive experiences.
You can find Frank Moore & Co reviews on:
- Birdeye: Currently 4.0/5 stars based on 97 reviews
- Google: Currently 4.2/5 stars based on 88 reviews
- Yelp: Currently 1.7/5 stars based on 6 reviews
Satisfied real estate investors and renters praise the prompt services, the easy and seamless processes, the high level of professionalism and focus, the accommodating and respectful staff, the absolutely amazing maintenance team, and the energetic team members. Dissatisfied customers mention terrible services, misleading practices, unexpected fees, stealing security deposits, and lack of communication.
How to Get Started with Frank Moore & Co Property Management
To get started with the best property management company in Savannah for affordability, rental property investors can send an email via the Frank Moore & Co website or call 912-920-8560.
Takeaway
For those looking for affordable yet profitable real estate investment opportunities in 2023, Savannah might be a good choice. To make a passive investment, investors can consider hiring one of the top 6 Savannah property management companies listed above. The best property managers for long-term and short-term rentals are HomeRiver Group and Awning, respectively. Palm Property Management offers the most flexible options, while Frank Moore & Co is the most affordable choice. Property owners who value clear and simple pricing can check out SouthCoast Properties and Carco Properties.