Looking for Qualified Property Management Companies in Columbus, OH?

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Specialty # of Agencies
Single House or Condo 3
Apartment Buildings 2
Home Owners Association 5
Total Local Companies 8

The average rent for a 3 bedroom house in Columbus, OH is $1,098.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Columbus, OH Rental Market Overview

Increased Employment Opportunities Fuel Demand for Columbus Rentals
While job growth remains inconsistent throughout the state of Ohio, landlords and rental property owners in Columbus continue to fare better than many Midwest metropolitan areas largely due to the continuation of expansion projects by IBM, Ohio State University and the hotel and medical services sectors. According to the U.S. Bureau of Labor Statistics, unemployment in the Columbus metropolitan statistical area was 6.9% for 2013, while the national average remained at 7.9% and Ohio's state average was 8.4% for the same time period. The Marcus & Millichap 2013 National Apartment Report (NAR) ranked Columbus at 33 out of 44, eight places up from their 2012 rating. The combination of improving employment options and increased demand for older Class B/C Columbus rental properties were key considerations in their scoring. Marcus & Millichap noted that there were still distressed assets on the market, especially as some owners are forced to divest their holdings.

Entry Opportunities Come at Varying Costs
On paper distressed properties always look appealing, but older properties usually require renovations and capital infusions before these units can effectively compete with newer rentals. The 2013 NAR noted that more than 1,100 new rental units were completed in the Columbus metropolitan area last year, which is more than any amount in the past five years, and that the vacancy rate is around 5.5%, which is down from the nearly 10% in 2009, but still significantly higher than other cities that ranked higher in their report. Like any significant investment, if you're going to add rental property assets in Columbus you probably need to consider a myriad of economic factors, the sort of stuff that doesn't just show up in annual reports and indexes. What you probably need is a real estate professional with firsthand knowledge and experience in your desired markets. That's why many private landlords and small investors consult with property management companies. A Columbus property manager often oversees a group of clients with varying assets, and the experience provides significant insight into the local market. In addition to providing marketing, tenant screening and maintenance coordination, property management companies often handle real estate transactions, which is one reason why many property management companies staff full-time real estate professionals. Find out what a Columbus property management company can do for you. Review our listing of companies and then request your free information today.

Top Single Family Managers

2500 W. Dublin-Granville Rd
Columbus, OH 43235

Managing: Single-Family :
We offer flat fee pricing resulting in the best value available for a truly "Handcrafted Property Management Experience."

470 Old Worthington, Suite 200
Westerville, OH 43082

Managing: Single-Family : Multi-Family :
30 Years - Property Management - Quality, Affordable, & Professional! "A" Rated BBB accredited corporate office.

2720 Airport Drive
Columbus, OH 43219

Managing: Single-Family :
Real Property Management keeps your investment profitable by offering a simple FLAT-RATE of $79 a month!

Top Multi-Family Managers

777A Dearborn Park Lane
Worthington, OH 43085

Managing: Multi-Family : Association :
The long term, well established, regional leader. Trusted, respected, professional Management Service you deserve.

470 Old Worthington, Suite 200
Westerville, OH 43082

Managing: Single-Family : Multi-Family :
30 Years - Property Management - Quality, Affordable, & Professional! "A" Rated BBB accredited corporate office.

5000 Arlington Center Blvd , Bldg 2 Suite 2165
Upper Arlington, OH 43220

Managing: Multi-Family : Association :
Elevating the standards in 3rd party property management.

Top Association Managers

9054 Cotter Street
Lewis Center, Greater Columbus Market, OH 43035

Managing: Association :
Is your community reaching its potential? Discover the possibilities of life with Associa.

545 Metro Place South , Suite 100
Dublin, OH 43017

Managing: Association :
The Tri-State's Association Management Leader. Dedicated to only serving community associations.

6099 Riverside Dr.
Dublin , OH 43017

Managing: Association :
Vaughan Group (VGL) is the perfect solution if you seek a state-of-the-art property management firm.

Additional Property Management in Columbus, OH

800 S. Gay Street , Suite 700
Knoxville, TN 37929

Managing: Association :
We offer REMOTE and VIRTUAL accounting services to Community Associations.

573 Carle Ave
Lewis Center, OH 43035

Managing: Single-Family :
Buy, sell & managing investments. As low as $75 per month. One stop shop. Family owned & operated. Columbus based office.


Q2 2015 Rental Ranking Report

Would you be surprised to learn that Columbus has roughly the same population as San Francisco? Many people are. While that may be one of the few similarities between these two cities, one of the more interesting differences is that Columbus is the smarter city.

Surprised again? Columbus, not San Francisco or some other brainy U.S. city, has been named on the World's Most Intelligent Communities list by the think tank Intelligent Communities Forum (ICF) for the past three consecutive years.

The ICF appreciates that Columbus has the highest metropolitan concentration of Fortune 1000 companies in the nation, Columbus's concerted and successful effort to reverse the brain-drain that occurred there from 2005 to 2007, the ensuing job growth that resulted from these efforts and that Columbus is one of the best cities for new college graduates.

So, as you can see, there is a lot more to Columbus than Schmidt's cream puffs and the Buckeyes, although both are beloved by residents.

Another aspect of Columbus to love is its rental market. The Urban Land Institute deemed in its 2015 "Emerging Trends in Real Estate" report that Columbus is a rental market to watch in the coming year.

Q2 2015 Columbus Rental Market Update

Fortunately for local rental property owners, Columbus has continued to avoid the fates of many of its fellow Rust Belt cities by not suffering massive population and property value losses. In fact, Columbus is the most attractive Midwestern city for rental real estate investment and is the 10th most attractive city in the U.S. as a whole. It jumped an impressive three spots in the Rental Ranking Report's regional rankings in Q2 2015 and a whopping 20 spots in the national rankings.

Columbus rents jumped a whopping 9.90 percent between Q2 2014 and Q2 2015, the tenth-highest rent variance in the U.S. during that time period and almost twice as large as the national average. Columbus's moderately low vacancy rate of 5.50 percent and median age of inventory of 52 days, both almost 20 percent lower than their respective national averages, further indicate how strong demand for housing currently is there.

The demand for Columbus housing will likely continue to increase; building permits have only been issued for several thousand housing units in Columbus so far in 2015, not nearly enough to keep up with the metro's population growth. This can only lead to higher demand for existing rental units and, in turn, higher rents.

Q1 2015 Columbus Rental Market Update

The Q1 2015 Rental Ranking Report found Columbus to be the fourth best market in the Midwest for rental real estate investment and 30th best in the U.S. as a whole. Columbus benefits most from its impressive 8.43 percent rental capitalization rate, moderately higher than Q1 2015's national average of 7.18 percent for that metric. The annual job growth rate in "Cowtown," 2.54 percent, is slightly better than the national average for this metric, which serves as a strong indicator of housing demand.

We calculate that Columbus will have a shortage of around 20,000 housing units in 2016, ranking it 27th on our Future Rental Availability Index. Strong future job growth, as indicated by current job openings in the Columbus metro area, prompted us to give it a 21st-place ranking on our Job Availability Index.

What data is this Rental Ranking Report based on?

To calculate the statistics found in the Q2 2015 Rental Ranking Report, Halby gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the median number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.

Should I invest in Columbus rental property?

Columbus is growing economically, culturally and in terms of its population, escaping the decades of decline so many other fading Rust Belt cities have succumbed to. Its strong rental capitalization rate and above-average demand for housing, best exemplified by its low vacancy rate, indicate that the Columbus rental market is strong and worthy of investment.

Thinking about renting out a property in Columbus? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the Halby staff get quotes for you.

Halby specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.



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