Looking for Qualified Property Management Companies in Cincinnati, OH?

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Specialty # of Agencies
Single House or Condo 3
Apartment Buildings 3
Home Owners Association 6
Total Local Companies 9

The average rent for a 3 bedroom house in Cincinnati, OH is $1,086.00. 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.

Cincinnati, OH Rental Market Overview

Low New Apartment Inventory Keeps Pace with Slow Job Growth
Cincinnati ranked 34 out of 44 in the Marcus & Millichap 2013 National Apartment Report (NAR) a detailed summary of economic forecasts along with apartment supply and demand conditions. This year the NAR recognized Cincinnati as one of the ten markets in their index with the lowest expected non-farm employment growth year over year (1.7%). While Cincinnati's slow growth is slightly below the projected national average, it's only fair to point out that the city was 10 out of 10 on the list (Chicago ranked first on this list with a paltry 1% projected employment growth). If there is a silver lining to the slow growth, it might be the fact that for the last two years only 2,000 new apartment units were completed, so while the vacancy rate edged upward to 4.5%, the increase was slight compared to markets with excess apartment surplus.

Local Investors May Find Opportunities in Distressed Class C Apartments Soon
The 2013 NAR remained optimistic about Cincinnati's rental market, pointing out that increased enrollments at the University of Cincinnati could increase demand even if job growth remains slow. Small rental property owners may find value-add properties in the area that could be marketed to students. The NAR predicted that distressed rental assets in the region should continue to wane, creating opportunities for individual investors to purchase and renovate stabilized Class C properties for significant profits. Because large institutional investors continue to focus on Class A and Class B properties, a number of Class C assets remain unrecognized. If you're contemplating additions to your rental property portfolio, consider taking a moment to discuss your strategy with a Cincinnati property manager. While property management companies are often associated with maintenance services or tenant relations, most of these businesses staff real estate professionals who rely on interactions with property owners to gain insights on the local market. Review our profile list of Cincinnati property management companies and then request your free information today.

Top Single Family Managers

Serving All of Ohio
Statewide, OH 43201

Managing: Single-Family :
Purchase a new construction home through MH and receive a guaranteed lease for up to 6 years on your existing home.

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

11427 Reed Hartman Hwy
Cincinnati, OH 45241

Managing: Single-Family :
Property Management...Simplified Residential Property Management Specialists

Top Multi-Family Managers

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

1055 St. Paul Place
Cincinnati, OH 45202

Managing: Multi-Family : Association :
Towne's 50+ years of Apartment and Association Management experience and service is unmatched!

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

1055 St. Paul Place
Cincinnati, OH 45202

Managing: Multi-Family : Association :
Towne's 50+ years of Apartment and Association Management experience and service is unmatched!

3220 Dixie Highway - Suite C
Erlanger, KY 41018

Managing: Association :
YOUR COMMUNITY DESERVES THE BEST. Become part of a world-class organization dedicated to driving the standard of excellence.

PO Box 41357
Dayton, OH 45441

Managing: Association :
Residential Association Management - Serving the Charlotte, Cincinnati, Columbus and Dayton areas.

Additional Cincinnati, OH Property Management Companies

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

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

8044 Montgomery Road , Suite 700
Cincinnati, OH 45236

Managing: Association :
Ohio's Association Management Leader

CINCINNATI, OH

Q2 2015 Rental Ranking Report

Why do folks love life in Cincinnati? The architecture, museums, Bengals, community theatre, Reds, chili used as a condiment, Goetta and a booming economy are just a few reasons.

The city isn't just a magnet for new residents; businesses find Cincinnati to be an environment where they can thrive. A big draw for businesses is Cincy's highly-educated workforce (30 percent of Cincinnati's workers hold a bachelor's degree or higher). Because it is home to Kroger, Procter and Gamble, Macy's and six other Fortune 500 companies, NerdWallet named Cincinnati one of the best cities to start a business in Ohio.

Recently, all of Cincinnati's top industry sectors experienced growth and several large corporations have announced plans to expand, which will bring even more jobs to the city. It's safe to say Cincinnati's economic outlook is rosy.

Q2 2015 Cincinnati Rental Market Update

In Q2 2015, Cincinnati was the eighth-best Midwestern housing market to own rental properties in and 40th-best in the country as a whole. Since Q1 2015, Cincinnati fell three spots in the Rental Ranking Report's regional rankings for the Midwest and four spots in the national rankings.

The Cincinnati rental real estate market is admittedly far from perfect. It has an abysmal vacancy rate - 15.20 percent - that is the third worst in the country and 126 percent less than the national average for that metric. Additionally, Cincinnati property values increased by a paltry 3.21 percent year-over-year in Q2 2015, price gains 37 percent less than the national average for that metric during that time period.

Regardless, Cincinnati rental real estate can still be a lucrative investment. Cincinnati rents jumped an impressive 5.83 percent year-over-year in Q2 2015. The local rental capitalization rate, which compares annual rents to property values, is a stellar 8.16 percent - one of the best "cap rates" in the country and about 20 percent greater than the national average. Demand for Cincinnati housing appears to be bolstered by its moderately strong annual job growth rate of 2.20 percent (compared the national average of 2.03 percent). So, while Cincinnati is hardly the most lucrative rental market in the U.S., nor even in the Midwestern U.S., it can still offer good returns for those who choose to invest there - and will likely continue to do so for many quarters to come.

Q1 2015 Cincinnati Rental Market Update

Cincinnati ranked fifth in the Midwest and 36th in the U.S. as a whole in the Q1 2015 Rental Ranking Report for its attractiveness for rental real estate investment. These modest rankings are largely due to Cincinnati's impressive year-over-year median rental price appreciation of 5.25 percent, almost twice the Q1 2015 national average, and its respectable rental capitalization rate of 8.68 percent, which was also significantly larger than the national average.

Cincinnati lags in several of the metrics that were used by the Q1 2015 Rental Ranking Report to evaluate the 75 metros included within it. Its vacancy rate, 10.60 percent, is still depressingly high and is one of the worst in the country. Cincinnati's year-over-year job growth of 1.63 percent, while strong compared to recent quarters, was unimpressive when compared to the national average during that time frame. The median age of Cincinnati's housing inventory, 75 days, is also slightly above the national average. To become a more lucrative market for rental property owners, demand for housing will need to heat up and vacancy rates and the median age of inventory must decline. This should come to pass as Cincinnati's many large corporations continue to expand.

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 Cincinnati rental property?

As part of the Rust Belt, Cincinnati's economy and housing market have occasionally fallen on hard times in the past several decades. Fortunately, those days appear to be coming to a close. Cincinnati's many Fortune 500 companies are doing well and expanding their workforces, bringing new residents into its metropolitan area - and boosting demand for housing in the process. Cincinnati's impressive Q2 2015 median rental price gains and capitalization rate are proof enough that now is a great time to invest in rental real estate there.

Thinking about renting out a property in Cincinnati? 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.