5 Best Property Management Companies in Texas

The best Texas property management companies consist of both local and national players. Based on cost, locations, services, value and reviews we ranked the top Texas property management companies for rental properties.

The 5 best property management companies in Texas are:

• HomeRiver Group: Best Overall Property Management Company in Texas
• OmniKey Realty: Best for Different Property Types
• NextDoor Property Management: Best for Boutique Services
• 1st Choice Property Management: Best for Property Maintenance
• The Texas Property Management Company: Best for Flat Fees

Let Awning best property management company 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.

How We Selected the Best Property Management Companies in Texas

We applied a diligent and detailed process in choosing the 5 best property managers in the Texas real estate market in order to ensure comprehensiveness and objectivity.

In our selection, we used the following criteria:

• Extent and quality of services: First and foremost, we looked for companies that have the option for full-service management for remote and/or busy investors. We gave priority to companies that have the option of a half-service management too, for owners who’d like to be involved in their properties.
• Company history and size: We focused on well-established property managers with a track record of delivering high-quality services to rental property investors.
• Market coverage: We included both large, national property management companies and small, local property managers to fit the preferences of all investors.
• Property type coverage: We searched for companies that work with different residential properties and that can also manage portfolios of rental properties.
• Pricing structure and cost: We chose property management companies with fees that are comparable to or better than the averages in the Texas market. We made sure costs are clear, and there are no hidden fees.
• Management agreement terms: We ranked property managers that allow investors to opt out as soon as they are not 100% satisfied with the services that they receive, without incurring additional costs and fees.
• Online reviews: We went through the reviews provided by both property owners and tenants on third-party review websites to make sure that each company delivers on the promises that it makes.
• Value for money: We selected the 6 Texas property managers that offer the best value for money in The Lone Star State.

For rankings in specific cities see our list of the:

• Top Property Management Companies in Austin
• Top Property Management Companies in Houston
• Top Property Management Companies in San Antonio
• Top Property Management Companies in Dallas-Forth Worth

HomeRiver Group: Best Overall Property Management Company in Texas

HomeRiver Group has gained a position as the largest third-party rental property manager in the US market, with the company being present in various locations across Texas. John Hirschfeld, Andrew Propst, Doug Dale, and Joshua Bangert founded the company in 2016, with headquarters in New York, NY. HomeRiver Group manages long-term rentals in several locations across Texas. The high quality of comprehensive services and the reasonable rates make this the best overall property management company in Texas.

HomeRiver Group Property Management Services

HomeRiver Group provides all-in-one property management services to long-term rental property owners that cover:

• Maximizing return through property-specific market analysis
• Rental property marketing
• Tenant screening
• Tenant communication
• Rent collection
• Annual property inspections
• Property maintenance and immediate repairs
• Eviction services
• Rental accounting
• Financial reporting
• Renovations

HomeRiver Group Property Management Texas Locations

HomeRiver Group works in multiple locations in 32 states. In the Texas real estate market, their services are available in:

• Abilene and San Angelo
• Austin and Waco
• Dallas/Fort Worth: Allen, Arlington, Dallas, Denton, Fort Worth, Frisco, McKinney, Plano, and Wylie
• Houston
• Lubbock
• San Antonio: Alamo Heights, Alamo Ranch, Boerne, Bulverde, Castle Hills, Cibolo, Converse, Fair Oaks, Garden Ridge, Helotes, Hill Country Village, Hollywood Park, Kirby, Leon Valley, Live Oak, New Braunfels, San Antonio, Schertz, Selma, Shavano Park, Stone Oak, Terrell Heights, Terrell Hills, and Universal City

HomeRiver Group can provide such wide market coverage without sacrificing the quality of services by establishing a local office in each location. They usually do this through the acquisition of the top local property manager.

HomeRiver Group Property Types

HomeRiver Group manages all the most popular residential property types in the Texas rental market including:

• Single-family homes
• Small multifamily homes
• Homes in HOA communities

HomeRiver Group Property Management Costs

Different HomeRiver Group local offices charge various property management fees, which can be a flat rate or a percentage of the monthly rental income. In all locations, the pricing structure is very competitive, compared to other top property management companies. The company usually offers discounts for investors with multiple rental properties in their portfolios.

HomeRiver Group Property Management Terms

While property owners need to sign a written rental property management agreement with HomeRiver Group, the contract is not available on the company website. That’s why investors should ask for a copy and review it diligently in order to ensure that their rights are protected.

To get started, landlords need to submit:

• Property keys
• Garage doors openers
• Insurance certificate with HomeRiver Group named as an additional insured
• W-9 form
• Lead paint form
• Current lease (if applicable)
• Tenants contact information (if applicable)
• Rent information (if applicable)
• HUD contract (if applicable)

HomeRiver Group Property Management Reviews

There are about 2,000 online reviews of HomeRiver Group, with good average ratings.

Positive reviews by happy property owners and tenants highlight the top-notch services, the quick resolution of issues, the quality tenants, the outstanding rentals, the team knowledge and expertise, the easy processes, and the great customer service team. Negative reviews by customers mention badly maintained properties, paperwork issues, delays in fixing problems, and the poor communication process.

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.

OmniKey Realty: Best for Different Property Types

OmniKey Realty is a local family-owned and community-focused real estate company covering the North Texas rental market. Leah and Michael Slaughter founded the company in 2008, with headquarters in Plano, TX. They provide full-service property management for long-term rental properties. As investors themselves, the team knows how to meet the exact needs of investment property owners in the local market. The company manages both single-family homes and small and big multifamily properties which makes them the best option for different rental homes.

OmniKey Realty Property Management Services

As the best property management company for different rental properties, OmniKey Realty provides comprehensive services allowing investors to enjoy passive income. These include:

• Optimizing rental value
• Rental marketing
• Extensive tenant screening
• Landlord insurance through the National Real Estate Insurance Group (NREIG) (optional)
• Rent collection
• Owner payouts deposits
• Move-in and move-out property inspections
• Property maintenance via an in-house maintenance team and independent contractors
• Eviction protection (optional)
• Detailed financial reporting and statements
• Rental property accounting
• Annual tax statements and 1099s

OmniKey Realty Property Management Locations

OmniKey Realty focuses on covering the North Texas market. Their services are available in:

• Anna
• Dallas
• Denison
• Fort Worth
• Greenville
• Princeton
• Sherman

OmniKey Realty Property Types

OmniKey Realty manages different types of rental properties including:

• Single-family homes: 1-4 units
• Multifamily homes: 5+ units
• Commercial properties

This diversity makes this the best Texas property manager for properties of various types and sizes.

OmniKey Realty Property Management Costs

OmniKey Realty offers residential property management services with competitive and transparent fees. Their pricing structure for single-family homes includes a management fee of 6.5% of the monthly rent. They also charge a leasing fee, which is 75% of one month's rent. Additionally, there is a lease renewal fee set at $150.

For multifamily buildings, the management fee ranges between 4% to 5% of the monthly rent. The leasing fee for these properties is 65% of one month's rent, and the lease renewal fee is $100.

OmniKey Realty also provides an additional service for property owners: the Eviction Cost Coverage Plan. This plan costs $15 per unit per month for single-family homes, duplexes, triplexes, and fourplexes. For multifamily buildings, the cost is $10 per unit per month.

OmniKey Realty Property Management Terms

OmniKey Realty does not specify the terms of the management contract which investors need to sign in order to get started. Thus, it’s recommended that you contact them and ask for a copy in order to review it before deciding if this is the best option for your needs.

OmniKey Realty Property Management Reviews

There are over 2,000 online reviews of OmniKey Realty which reveal positive experiences.

You can find OmniKey Realty reviews on:

• Birdeye: Currently 3.9/5 stars based on 1,121 reviews including 1,014 Google reviews
• Google: Currently 4.0/5 stars based on 1,054 reviews
• Yelp: Currently 1.5/5 stars based on 122 reviews

Happy customers highlight the professionalism, the excellent repair jobs, the smooth processes, the effective communication, and the great team members going above and beyond for customers. Unhappy property owners and tenants complain about the horrible service, the dirty properties upon move-in, the lack of responses to maintenance requests, unnecessary delays, and unexpected charges.

How to Get Started with OmniKey Realty Property Management 

To get started with the best property management company in Texas for different property types, rental property owners can submit an online form through the OmniKey Realty website.

NextDoor Property Management: Best for Boutique Services

NextDoor Property Management (NextDoor PM) is a small long-term rental property management company operating across Greater San Antonio. Andre Fulton founded the company in 2018, with headquarters in Schertz, TX. NextDoor PM aims to distinguish itself in an industry dominated by large franchises through the delivery of personalized services powered by local knowledge of the market. The company specializes in providing boutique services that can be tailored to the specific needs of each Texas real estate investor.

NextDoor Property Management Services

NextDoor PM offers 3 different property management services:

• DIY: Getting properties rented out
• Full Service: Comprehensive rental property management
• Premium Service: Full-service property management with additional benefits

Here are the services covered by each package:

DIY property management includes:

• Multichannel property advertising
• Tenant screening
• Property showings
• Lease preparation
• Move-in inspection
• Free coaching

Full Service property management includes:

• Discounted tenant placement (the services provided under DIY)
• Rent collection
• 24/7 emergency response
• Property maintenance coordination
• Move-in and move-in inspections
• Third-party inspection
• Eviction oversight
• Monthly financial statements
• Annual tax statements

Premium Service property management includes:

• All services included in Full Service plus:
• Third party HD Real Photography
• Additional inspection with photos
• Total coverage: 12-month no re-lease fee
• Eviction protection costs: Up to $550

Thus, NextDoor PM can operate as both a half-service and full-service property manager, depending on the preferences and needs of each investor.

NextDoor Property Management Locations

The NextDoor boutique property management services are available in and around San Antonio including:

• Alamo Heights
• Cibolo
• Converse
• Helotes
• Hollywood Park
• Live Oak
• Leon Valley
• San Antonio
• Schertz
• Universal City

NextDoor Property Management Types

NextDoor PM works with:

• Single-family homes
• Condos

NextDoor Property Management Costs

NextDoor PM offers different packages with straightforward pricing. The DIY package costs an amount equivalent to one month's rent.

For the Full Service package, the charge is 10% of the monthly rent. This package also includes tenant placement, which costs 50% of one month’s rent.

The Premium Service package has a slightly higher rate, at 12% of the monthly rent. Similar to the Full Service package, tenant placement under this plan is also priced at 50% of one month's rent.

NextDoor Property Management Terms

The NextDoor PM website does not have the rental property management agreement that investors need to sign. So, it’s a good idea to ask for a copy and review it carefully before you opt in. You should confirm that you can cancel the NextDoor Property Management services if you’re not completely happy with them.

NextDoor Property Management Reviews

There are no online reviews of NextDoor Property Management. Thus, we recommend you speak to a local investor or ask around on online real estate investing forums like BiggerPockets before contacting this Texas property management company.

How to Get Started with NextDoor Property Management 

To get started with the best property management company in Texas for boutique services, real estate investors can fill in an online form via the NextDoor Property Management website.

1st Choice Property Management: Best for Property Maintenance

1st Choice Property Management is a local property management company serving Tarrant County. Darryl Kazen established the company in 1993, with headquarters in Fort Worth, TX, which makes it the oldest company on our list of the best rental property managers in Texas. What makes 1st Choice Property Management different from other property managers is that they have started their own property maintenance company, so all repairs and improvement projects are handled in-house.

1st Choice Property Management Services

1st Choice Property Management offers both half-service and full-service management services for rental properties. Covered services include:

• Recommending a starting rent rate based on rental market analysis
• Rental marketing including photos and video tours and syndicated ads with the MLS
• Comprehensive tenant screening
• Pet screening and guarantee
• Rent collection
• Property maintenance
• Financing reporting
• Monthly statements
• Year-end summary statements and 1099
• Eviction protection (optional)

The property manager runs its own maintenance company - 1st Choice Property Maintenance. This means that property owners benefit from access to in-house professionals specializing in all aspects of property maintenance, remodeling, and repairing. This makes the process more efficient. In addition, investors can use the company when they decide it’s time to improve their rental property for extra income.

Some services provided by 1st Choice Property Maintenance include:

• Minor electric
• Repairing and replacing appliances
• Installing new or replacing lightning, switches, and outlets
• Minor plumbing
• Toilets, faucets, sinks, and disposals
• Minor HVAC
• Fixtures
• Painting
• Tile work
• Repairing garage doors
• Rain water drains
• Fencing
• Concrete
• Demolition
• Lawn maintenance
• Landscape
• Gardening

1st Choice Property Management Locations

1st Choice Property Management handles properties in Tarrant County, including:

• Aledo
• Arlington
• Bedford
• Benbrook
• Blue Mount
• Burleson
• Colleyville
• Euless
• Fort Worth
• Grapevine
• Haltom City
• Hurst
• Keller
• North Richland Hills
• Roanoke
• Richard Hills
• Saginaw
• Southlake
• Trophy Club
• Watauga
• Westlake

1st Choice Property Types

1st Choice Property Management operates with the following rental properties:

• Single-family homes
• Townhouses
• Duplexes
• Condos

1st Choice Property Management Costs

1st Choice Property Management offers 3 property management plans, depending on the services that Texas landlords need. The pricing depends on the service coverage, the amount of rent, and the size of the property.

Real estate investors with standard rental properties (monthly rent below $3,500 and less than 5 doors) can choose between:

Lease Only/Self Manage: This plan includes property marketing and leasing.

• Leasing commission of one month’s rent
• Lease extension for $199

Full Management: This plan includes everything in Lease Only/Self Manage plus full-service monthly management, $1,000 in pet guarantee, and 12-month tenant placement guarantee.

• 10% of monthly rent
• Leasing commission of 85% of one month’s rent
• Lease extension of $199
• Onboarding fee of $75 for vacant and $200 for tenant-occupied
• Annual occupied viewing of $75
• Maintenance coordination fee of $20/order
• Tax preparation fee of $25/year
• Reserve fund of $500
• Eviction guarantee program of $15/month (optional)

Full Management Plus: This plan includes everything in Full Management plus annual occupied viewing, $3,000 in pet guarantee, and 24-month tenant placement guarantee.

• 12% of monthly rent with a cap of $250
• Leasing commission of 75% of one month’s rent
• Lease extension of $199
• Maintenance coordination fee of $20/order
• Tax preparation fee of $25/year
• Reserve fund of $500

Owners of luxury properties with $3,500+ in rent can opt for:

Full Management Luxury Renting

• Flat fee of $300/month
• Leasing commission of 50% of one month’s rent
• Lease extension of $199
• Maintenance coordination fee of $20/order
• Reserve fund of $500
• Eviction guarantee program of $15/month (optional)

The plan appropriate for investors with 5+ doors is:‍

Full Management Investor 5+ Doors

• 9% of monthly rent
• Leasing commission of 50% of one month’s rent
• Lease extension of $199
• Onboarding fee of $50 for vacant and $150 for tenant-occupied
• Annual occupied viewing of $75
• Maintenance coordination fee of $20/order
• Tax preparation fee of $75/year
• Reserve fund of $500
• Eviction guarantee program of $15/month (optional)

It’s important to note that 1st Choice Property Management charges additional fees for onboarding and maintenance coordination, which the other best property management companies in Texas include in their standard services.

1st Choice Property Management Terms

The 1st Choice Property Management website does not have details on the agreement that investors need to sign. It simply states that there are no termination fees. Nevertheless, property owners should ask for a copy of the contract and review it before moving forward.

1st Choice Property Management Reviews

There are more than 200 online reviews of 1st Choice Property Management that show very positive experiences.

You can find 1st Choice Property Management reviews on:

• Birdeye: Currently 4.7/5 stars based on 190 reviews including 175 Google reviews
• Google: Currently 4.7/5 stars based on 145 reviews

Happy investors and tenants praise the superior services, the professionalism, the easy move-in processes, the attention to maintenance requests, and the quick communication turnaround. Unhappy customers highlight slow application processes, property maintenance not being handled, deceitful practices, and lack of proper communication.

How to Get Started with 1st Choice Property Management 

To get started with the best property management company in Texas for property maintenance, real estate investors can fill in an online form on the 1st Choice Property Management website.

The Texas Property Management Company: Best for Flat Fees

The Texas Property Management Company is a new, local, full-service property manager working with long-term rentals in and around Houston. The company was founded in 2021 as a veteran-owned and operated business, with headquarters in Houston, TX. This property manager aims to combine technology with a personal approach to deliver high-quality services. They charge transparent flat fees for that.

The Texas Property Management Company Services

The Texas Property Management Company provides the following services for comprehensive management:

• Rental marketing and advertising
• Tenant screening
• Rent collection
• Owner payout deposits
• Handling move-ins and move-outs
• Property maintenance
• Lease renewal and enforcement
• 12-month tenant guarantee including free re-lease in case a tenant leaves
• Eviction guarantee covering legal fees for tenants placed by the company (up to one month’s rent)
• Compliance with federal, state, and local laws
• Rental accounting
• Monthly statements

The Texas Property Management Company Locations

The Texas Property Management Company focuses on the area around Houston, including:

• Baytown
• Dayton
• Freeport
• Galveston
• Houston
• Stafford
• Sugar Land
• Surfside Beach
• Texas City
• Wharton

The Texas Property Management Company Property Types

The Texas Property Management Company works with:

• Single-family homes
• Apartments
• Studios

The Texas Property Management Company Costs

The Texas Property Management Company stands out by charging a flat fee for all its plans, catering to various investors in the Texas real estate market. The pricing model is clear due to the flat fee structure for each plan.

The first plan, Silver, is priced at $99 per month. It includes a leasing fee of 100% of one month’s rent and a lease renewal fee of $350. Additionally, there is a $100 charge for owner make ready management.

The Gold plan includes everything in the Silver package, plus eviction protection. This plan is priced at $149 per month. The leasing fee is 75% of one month’s rent, the lease renewal fee is $300, and it also includes the $100 charge for owner make ready management.

The Platinum plan encompasses everything in the Gold plan and adds damage protection, annual inspections, and free make ready management. It is also priced at $99 per month. The leasing fee for this plan is 50% of one month’s rent, and the lease renewal fee is reduced to $200.

The Texas Property Management Company Terms

The Texas Property Management Company has a flexible cancellation policy. Property owners can cancel their services at any point, with a 30-day notice.

The Texas Property Management Company Reviews

There are very few online reviews of The Texas Property Management Company, which is understandable for such a new enterprise.

You can find The Texas Property Management Company reviews on:

• Google: Currently 4.3/5 stars based on 12 reviews

Satisfied customers mention the high quality of services, the excellent rental process, the professional and knowledgeable staff, the polite customer support team, and the quick communication. Dissatisfied customers discuss bad move-in practices and poor communication.

How to Get Started with The Texas Property Management Company

To get started with the best property management company in Texas for flat fees, rental owners can submit an online form through The Texas Property Management Company website.

Takeaway

These are the 6 top property management companies in the State of Texas. If you own long-term rentals, HomeRiver Group is the best overall property manager for this type of rentals. If you invest in vacation rentals, Awning offers the top solutions across Texas. Investors looking for boutique services might consider NextDoor Property Management, while property owners who prefer in-house maintenance of their rental can check out 1st Choice Property Management.