Find property management in Boston, MA

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Specialty # of Agencies
Single House or Condo 13
Apartment Buildings 18
Home Owners Association 17
Total Local Companies 27

The average rent for a 3 bedroom house in Boston, MA is $1,970.00. 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.

Boston, MA Rental Market Overview

Vacancy Rate Levels Off at 3.5% as Construction Increases in Boston
It's a great time to be a rental property owner in Boston right now. Beantown was only one of three East Coast metropolitan cities to place in the top ten rental markets out of 44 featured in the Marcus & Millichap 2013 National Apartment Report (NAR). Boston ranked ninth, falling behind New York City (#1) and Northern New Jersey (#8). With the exception of Minneapolis-St. Paul, all of the other top-ranked rental markets were located on the West Coast. The 2012 NAR ranked Boston fourth in their index, but the five-place slide had more to do with stronger rental market performance in other places than any changes in Boston's economy. The report noted that Boston's rental property owners continue to enjoy some of the tightest rental economy conditions ever recorded. More than 11,000 new apartment units are expected in the area over the next few years, but rents and rental demand around the urban core support the new construction. 4,600 units were completed in 2013, the largest total on the market since 2009. This could be one reason why the metro vacancy rate increased 10 basis points to 3.5%, but the vacancy rate remains below the national average of 4.1%.

Find Your Niche in a Thriving Rental Market
As with most hot markets, Class A luxury units continue to command the most interest among renters and institutional buyers, especially in the Back Bay/ Beacon Hill markets. The 2013 NAR predicts that the hottest properties will remain Class A units in the urban core or well-placed suburban properties situated near commuter rail stations. Anticipated future markets include suburbs in Essex and Middlesex counties, especially as the economy continues to surge forward. Some of these suburban locations may offer attractive entry points for small landlords and individual investors, although anticipating tenant demand can be challenging the further you search beyond the metro core. That's one reason why many independent rental property owners consult with local property managers prior to making significant changes to their rental property portfolios. A significant number of Boston property management companies employ real estate professionals who work firsthand with tenants and landlords throughout the region. These experts can offer insights and observations that surpass institutional executive summaries in detail and thoroughness. Take a moment to review the profiles and services of the Boston property managers listed here and then request your free information today.

Boston

Boston, New York Metro Markets Staying Strong

Housing Headlines

Real Estate Case Ruling Explicitly Limits Rental Fees

Top firms securing Rental Properties

Modest Revenue Growth for Apartment Industry in First Quarter

Top Single Family Managers

46 Gloucester Street
Boston, MA 02115

Managing: Single-Family : Multi-Family : Association :
Technology that Simplifies - Ideas that Innovate - Experience that Delivers
Free Quote...

109 Savin Hill Ave
Dorchester, MA 02125

Managing: Single-Family : Multi-Family :
We do what you don't want to! Ask us about our Spring Special!
Free Quote...

2 Iroquois Ave
Andover, MA 01810

Managing: Single-Family : Multi-Family :
A company you can trust...A company you can depend on... A company of professionals!
Free Quote...

Top Multi-Family Managers

2 Iroquois Ave
Andover, MA 01810

Managing: Single-Family : Multi-Family :
A company you can trust...A company you can depend on... A company of professionals!
Free Quote...

107 Audubon Rd , Bldg 2 Suite 201
Wakefield, MA 01880

Managing: Multi-Family :
We work hard to maximize collections and minimize expenses, increasing the value of your investment.
Free Quote...

35 Village Road Suite 100
Middleton, MA 01949

Managing: Single-Family : Multi-Family : Association : Commercial
Leave Your Property in our Trusted Hands. Contact us for a FREE Market Analysis.
Free Quote...

Top Association Managers

113 Elm Street , Suite 1021
Enfield, CT 06082

Managing: Multi-Family : Association : Commercial
Our Full Service team can handle the entire process- from start to finish!
Free Quote...

46 Gloucester Street
Boston, MA 02115

Managing: Single-Family : Multi-Family : Association :
Technology that Simplifies - Ideas that Innovate - Experience that Delivers
Free Quote...

35 Village Road Suite 100
Middleton, MA 01949

Managing: Single-Family : Multi-Family : Association : Commercial
Leave Your Property in our Trusted Hands. Contact us for a FREE Market Analysis.
Free Quote...

Additional Boston, MA Property Management Companies

275 Grove Street
Newton, MA 02466

Managing: Single-Family : Multi-Family :
A fully integrated Real Estate firm providing professional Asset and Property Management services.
Free Quote...

179 Boylston Street
Jamaica Plain, MA 02130

Managing: Single-Family : Multi-Family : Association :
Professionals helping busy property owners and associations since 2009. Contact for a free quote!
Free Quote...

50 Harrison St - Suite PH 417
NJ 07013

Managing: Association :
Better, Faster, Smarter...DIFFERENT ! The Future of ProActive Property Management - with 75% savings!
Free Quote...

49 Gloucester St
Boston, MA 02115

Managing: Single-Family : Multi-Family : Association : Commercial
24 hour emergency lines, sophisticated account management, vast vendor network, no mark-ups on services and repairs, super...
Free Quote...

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

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

99 Calumet Street
Boston, MA 02120

Managing: Single-Family : Multi-Family : Association :
Local Expertise, Professional Results
Free Quote...

237 Wilder Street
Hillside, NJ 07205

Managing: Single-Family :
full-service management of vacation and short-term rental properties
Free Quote...

30 Springdale Ave
Dover, MA 02030

Managing: Multi-Family : Commercial
"WE WORK WITH OUR CLIENTS TO CREATE REALISTIC GOALS, THEN WE STRIVE TO EXCEED THEM"
Free Quote...

Managing: Association : Commercial
Going the extra mile every day...
Free Quote...

2 Iroquis Ave
Andover, MA 01810

Managing: Association :
A company you can trust...A company you can depend on... A company of professionals!!!
Free Quote...

BOSTON, MA

Q2 2015 Rental Ranking Report

In 2009, a Boston resident paid $300,000 for a parking spot. Four years later and a few blocks away, another resident purchased side-by-side spots for $560,000. When a city's affluent residents pay more for a parking spot than the vast majority of the world pays for their homes, it's safe to say that city is a very expensive place to live.

What makes Boston such a magnet for so many people willing to pay more for everything? That's easy. The Boston metropolitan area's dozens of universities and colleges provide its massive 363 billion dollar economy, the sixth largest in the U.S., with talented and well-educated workers to fill the many available jobs.

Housing all these people is Boston's biggest challenge right now. The Greater Boston Housing Report Card, prepared by the Dukakis Center for Urban and Regional Policy at Northeastern University, finds that Boston is currently facing a serious housing shortage. As we know, shortages, in the face of strong demand, cause prices to rise. It's safe to say that the owners of rental housing are making a killing in Beantown.

The authors of the Dukakis Center's housing report state that, since 2009, Boston rents have increased a whopping 15.4 percent and that "unless the supply of rental units in Greater Boston is large enough to drive the vacancy rate to 5.50 percent or higher, effective rents will continue to increase."

Q2 2015 Boston Rental Market Update

Boston is currently the second-best market for rental real estate investment in the Northeastern U.S. and the 22nd-best market in the U.S. as a whole. These rankings are more or less the same as last quarter; Boston managed to jump up just one spot in the national rankings but failed to improve in the regional rankings.

Three critical real estate statistics that rental real estate investors often use to evaluate the attractiveness of housing markets aren't particularly flattering for Boston. Beantown's extremely low year-over-year rent appreciation of just 1.17 percent, more than 75 percent less than the national average last quarter, indicates that local landlords likely won't benefit from massive spikes in rental rates. Boston property values appreciated 4.51 percent year-over-year in Q2 2015, a respectable increase that was nonetheless slightly less than the national average during that period, 5.08 percent. Finally, the average capitalization rate for Boston rentals, which compares annual rents to property values, was 6.09 percent. While entirely respectable, this cap rate was around 10 percent less than the national average in Q2 2015, meaning that considerably more lucrative rental real estate investments can be found elsewhere.

Despite these somewhat concerning statistics, Boston remains an excellent market for rental property owners. The median age of Boston's housing inventory is currently 59 days, slightly lower than the national average, and its vacancy rate of 2.60 percent was the fifth-lowest in the U.S. last quarter. Taken together, these statistics indicate that demand for Boston housing is quite strong, and will likely remain that way for many quarters to come.

Q1 2015 Boston Rental Market Update

Given how strong demand for Boston rental housing is, you shouldn't be surprised to learn that the Q1 2015 Rental Ranking Report found it to be the second-best market for rental real estate investors in the Northeastern U.S. (one place ahead of regional rival New York City) and 23rd-best in the country as a whole. Boston's extremely low vacancy rate of just 4.10 percent is the 12th lowest in the U.S. and almost half the national average. Our Future Rental Availability Index predicts that Boston's housing shortages won't end anytime soon, either; we estimate that close to 30,000 more rental units will be needed in the Boston metropolitan area in the coming year.

Boston's year-over-year property value appreciation of almost six percent should raise eyebrows, as that degree of appreciation is impressive for such an expensive housing market. While year-over-year job growth was just 1.16 percent, one of the lowest job gains in the U.S. during that time frame, our Job Availability Index shows that future job growth will be more impressive; Boston ranks ninth-best in the U.S. for this metric in the Q1 2015 Rental Ranking Report.

What data is this Rental Ranking Report based on?

To calculate the statistics found in the Q2 2015 Rental Ranking Report, All Property Management 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 Boston rental property?

While Boston's modest rental capitalization rate of 6.09 percent is slightly below the national average, its strong economy and massive, perennially-replenishing population of student renters means that owning rental property there will likely always net healthy returns. Owning Boston rental property is all the more attractive when you factor in recent property value appreciation rates.

Thinking about renting out a property in Boston? 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 All Property Management staff get quotes for you.

All Property Management 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.