Property Management
in Lexington, KY

Top 22 Property Management Companies

Companies who earn the iPropertyManagement seal of approval have demonstrated a high standard of excellence for both owners and tenants in the field of property management.

Kentucky

License #: ?

Cowgill Properties Inc

#1 best rated of 22 Lexington, KY property management companies

Based on 1 Review Show all

No Reviews Found

859-514-2102
1999 Richmond Rd, Suite 2A, Lexington, KY 40502
Areas Served Lexington
? BBB: N/A
Since 2005
Residential
Commercial
Hoa
  • Provides third-party management services for local and out-of-state multi-family property investors.

License #: 54271

All Points Community Management

#2 best rated of 22 Lexington, KY property management companies

Based on 5+ Reviews Show all

No Reviews Found

859-263-7681
141 Prosperous Place, Ste. 21A, Lexington KY 40509
Areas Served Lexington
? BBB: A+
Since 1998
Residential
Commercial
Hoa
  • They offer community management services throughout Central Kentucky.
  • They are one of three Accredited Association Management Companies® in Kentucky.
  • Coordinates and attends board and annual meetings.
  • Designs and maintains an association website.
  • Schedules preventative maintenance, including bi-monthly property inspections, annual inspections, repairs and painting.
  • Solicits bids for on-site maintenance services.
  • Manages contractors providing maintenance, repair and property upkeep services.
  • Provides emergency response for community homeowners.
  • Coordinates large-scale improvement projects.
    Processes requests for architectural modification.
  • Their accounting services include monthly financial reporting, dues collection, special assessment collection, delinquency management, vendor payment, budget preparation, reserve study coordination, tax return support and Secretary of State corporation filing.4

License #: ?

MLP Management Co

#3 best rated of 22 Lexington, KY property management companies

Based on 2 Reviews Show all

No Reviews Found

859-268-2823
2828 Easthills Dr, Lexington, KY 40517
Areas Served Lexington
? BBB: N/A
Since 1985
Residential
Commercial
Hoa
  • Specializes in the management of multi-family apartment buildings, IRS Section 42 properties, USDA/RD 515 properties and HUD properties.

License #: ?

Jones Management Group, LLC

#4 best rated of 22 Lexington, KY property management companies

Based on 5+ Reviews Show all

No Reviews Found

859-379-9564
P.O. Box 8265, Lexington KY 40533
Areas Served Lexington
? BBB: N/A
Since 2005
Residential
Commercial
Hoa
  • Creates customized management plans for property owners.
  • Provides turnkey Airbnb management in Lexington and surrounding communities, including check-ins, check-outs, cleaning and maintenance.

License #: ?

Home Lease Management

#5 best rated of 22 Lexington, KY property management companies

Based on 5+ Reviews Show all

No Reviews Found

859-299-3351
80 Codell Dr # 260, Lexington, KY 40509
Areas Served Lexington
? BBB: N/A
Since ?
Residential
Commercial
Hoa
  • Specializes in the management of upscale single-family homes and townhomes in the Lexington metro area.

License #: ?

DellaValle Management, Inc

#6 best rated of 22 Lexington, KY property management companies

Based on 5+ Reviews Show all

No Reviews Found

859-273-6000
3151 Beaumont Centre Circle, B100, Lexington KY 40513
Areas Served Lexington
11-50 employees BBB: N/A
Since 1989
Residential
Commercial
Hoa
  • Attends monthly board and annual association meetings.
  • Provides after-hours response to homeowners’ emergencies.
  • Coordinates move-in and move-out procedures for resident turnover.
  • Manages on-site facility rental, if applicable.
  • Coordinates insurance coverage and files claims.
  • Their property maintenance services include vendor contract negotiation, common area maintenance, preventative maintenance, snow removal and annual testing of building systems.
  • Their accounting services include assessment collection, handling delinquencies, invoice payment, annual budget preparation, income and expense tracking with variance analyses, reserve study assistance, monthly financial reports and bank account maintenance.
  • Employs a separate maintenance division, the DMI Home Maintenance & Repair Team, as an option for maintenance and repair services.
  • Leasing services are provided through Real Estate Services of Kentucky, a division of DellaValle Management Inc.

License #: 65404

Modern Property Management Inc

#7 best rated of 22 Lexington, KY property management companies

Based on 5+ Reviews Show all

Based on 7 Reviews Show all

859-388-2000
1501 N Limestone, Lexington, KY 40505
Areas Served Lexington
1-10 employees BBB: N/A
Since 2002
Residential
Commercial
Hoa
  • Their management fee for small properties ranges between 8% and 10%.
  • Their management fee for large properties with on-site staff ranges between 4% and 5%.
  • Their start-up fee ranges from one-half to one full month’s rent. They do not charge a fee for lease renewals.
  • An in-house team performs most property maintenance.
  • 24/7 emergency maintenance service is included.
  • Provides remodeling and renovation services, including electrical work, drywall, painting, HVAC and carpentry.
  • Their financial services include budget preparation, monthly budget comparisons, monthly accounting statements and access to all financial reports on demand via an online portal.
  • They offer buyer’s agent, seller’s agent, brokerage and consulting services to property investors.
  • Offers annual PVA tax protest services on behalf of property owners.

License #: 33074

Capstone Property Management LLC

#8 best rated of 22 Lexington, KY property management companies

Based on 5+ Reviews Show all

No Reviews Found

859-269-1002
1890 Star Shoot Parkway, Ste. 170, PMB 163, Lexington KY 40509
Areas Served Lexington
? BBB: N/A
Since ?
Residential
Commercial
Hoa
  • Owners have access to property information via an online portal powered by Buildium.

License #: 61898

Lexington Rental Homes

#9 best rated of 22 Lexington, KY property management companies

Based on 5+ Reviews Show all

No Reviews Found

859-278-7752
505 Wellington Way #175b, Lexington, KY 40503
Areas Served Lexington
? BBB: N/A
Since 2006
Residential
Commercial
Hoa
  • Their management services include listing, tenant screening and property maintenance.
  • Landlords have access to a forcible detainer database.

License #: ?

Maggard Property Management

#10 best rated of 22 Lexington, KY property management companies

Based on 5+ Reviews Show all

No Reviews Found

859-269-2222
133 Walton Ave, Lexington, KY 40508
Areas Served Lexington
? BBB: N/A
Since 1976
Residential
Commercial
Hoa
  • Owners have access to property information via an online portal powered by Buildium.

License #: 50553

Positive Property

#11 best rated of 22 Lexington, KY property management companies

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Based on 5 Reviews Show all

859-260-1688
2440 Mackinwood Dr., Lexington KY 40510
Areas Served Lexington
? BBB: N/A
Since 1989
Residential
Commercial
Hoa
  • Positive Property does not charge start-up fees, inspection fees or fees for vacant properties.
  • Coordinates property maintenance without charging a maintenance mark-up.
  • Provides 24-hour emergency maintenance services.
  • Their financial services include monthly computerized financial statements, direct deposit of owner revenue and access to an online portal powered by PropertyBoss.
  • They employ a full-time leasing and management staff, and a full-time investment property team.
  • If a tenant is evicted within the first five months of their lease, Positive Property will re-lease the property for free.
  • Clients are given a discount on real estate fees if they decide to buy or sell with Positive Property.

License #: 26350

Expert Property Management

#12 best rated of 22 Lexington, KY property management companies

No Reviews Found Show all

Based on 3 Reviews Show all

859-687-9791
356 Longview Plaza, Ste. 140, Lexington KY 40503
Areas Served Lexington
? BBB: A-
Since 2009
Residential
Commercial
Hoa
  • Their Marketing Services charge is equal to one month’s rent and includes the following: market rent advisement, web advertising, property showing, applicant screening, lease execution, initial deposit collection and a move-in inspection.
  • Their Ongoing Management charge is equal to 50% of the first month’s rent plus 10% of each month’s rent thereafter. This management plan includes everything in the Marketing Services plan plus rent collection, lease enforcement, maintenance coordination, bill payment, monthly financial reporting, direct deposit of revenue, eviction management, a move-out inspection and deposit return.
  • They offer management discounts for multiple properties.

License #: 29585

Coleman Group, LLC

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No Reviews Found

859-255-8855
710 E Main St, Lexington, KY 40502
Areas Served Lexington
? BBB: A+
Since 1997
Residential
Commercial
Hoa
  • Provides property management services for office, industrial and retail spaces.
  • Their maintenance services include preventative tasks and elevator maintenance.
  • Offers landscaping and janitorial services.
  • Coordinates security services.
  • Negotiates vendor contracts and pays vendor invoices on behalf of the property owner.
  • Prepares the facility’s operating budget in cooperation with the owner.
  • Assists with year-end tax filing.
  • Their development services include site selection guidance and build-to-suit assistance.
  • They possess experience in tax-free exchanges.

License #: ?

Community Management Associates

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No Reviews Found

859-263-8757
1795 Alysheba Way # 3103, Lexington, KY 40509
Areas Served Lexington, Louisville,KY
? BBB: N/A
Since 2006
Residential
Commercial
Hoa
  • Provides customized community management services specifically in Lexington, Louisville and areas of northern Kentucky.
  • They are fully-insured with general liability, worker’s compensation, fidelity, employee dishonesty and third-party crime coverage.
  • They employ an in-house team of association managers, accountants, engineers and attorneys.
  • Their association services include site inspections, recordkeeping, homeowner communications, association website development, board meeting attendance, deed revisions and architectural modification management.
  • Their maintenance services include preventative maintenance schedule development, computerized work order management, bid coordination and contractor management.
  • Offers full-service accounting, monthly financial reporting, financial planning and collections management.
  • Evaluates insurance coverage for managed associations.

License #: ?

Deaton Enterprises, LLC

No Reviews Found

No Reviews Found

859-576-7252
403 Marquis Ave. Suite 300, Lexington, KY 40502
Areas Served Lexington
? BBB: N/A
Since 2011
Residential
Commercial
Hoa
  • Provides design, finance, investment, marketing and real estate services to property owners and investors.

License #: 45288

Equity Management Group

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No Reviews Found

859-266-1414
840 E High St, Lexington, KY 40502
Areas Served Lexington
11-50 employees BBB: N/A
Since 1995
Residential
Commercial
Hoa
  • Their property management portfolio includes shopping centers, office and industrial spaces.

License #: ?

Firebrook

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No Reviews Found

859-225-3680
145 Rose Street, Lexington, KY 40507
Areas Served Lexington
? BBB: N/A
Since ?
Residential
Commercial
Hoa
  • The annual association fees for 2017 are $600.00Currently manages subdivisions, hospitality industry properties and developments in Kentucky, Ohio, Indiana and South Carolina.

License #: 46278

Fortune Realty LLC

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No Reviews Found

859-293-1111
900 Beasley St #110, Lexington, KY 40509
Areas Served Lexington
1-10 employees BBB: A+
Since 2005
Residential
Commercial
Hoa
  • Offers real estates services, economic incentive consulting, investor consulting and site selection services.

License #: 62439

LOM Properties

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No Reviews Found

859-314-9410
1648 McGrathiana Pkwy, Lexington, KY 40511
Areas Served Lexington
1-10 employees BBB: N/A
Since 2009
Residential
Commercial
Hoa
  • They are a boutique real estate brokerage and property management firm specializing in Class A and suburban office spaces, retail developments, industrial facilities and multi-family housing.
  • Experienced in property renovation and new development transition.
  • Provides marketing services for available properties.
  • Their maintenance services include property inspections, a preventative maintenance schedule, vendor bidding coordination, contractor supervision and graffiti control.
  • Their financial services include operating budget preparation, rent calculation, triple-net CAM calculation and receivable collections.
  • Their real estate services include real estate investment reviews, investment advisory services, asset management and private real estate investment opportunities.

License #: ?

Remmco Property Management

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No Reviews Found

859-296-9696
3120 Wall St # 300, Lexington, KY 40513
Areas Served Lexington
? BBB: N/A
Since 1992
Residential
Commercial
Hoa
  • Their property management techniques focus on the entire site, including building interiors, building exteriors, parking areas and on-site mechanical systems.
  • Routine visits include inspections of the following property aspects: common areas, landscaping, parking areas, HVAC, plumbing, electrical, janitorial service, roofing, siding and safety systems.
  • Conducts move-in and move-out property inspections.
  • Provides 24/7 emergency services.
  • Solicits bids for technical, operating and security services.
  • Utilizes YARDI property management software to track leases, accounts payable, accounts receivable, insurance coverage and general ledger reporting.
  • Employs an in-house accounting department with CPAs on staff to generate financial reports, pay invoices, monitor bank reconciliations and provide tax services.
  • Offers construction management services for small- and large-scale projects.

License #: 41930

Schrader Commercial Properties

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No Reviews Found

859-288-5008
444 E Main St #110, Lexington, KY 40507
Areas Served Lexington
1-10 employees BBB: N/A
Since 2006
Residential
Commercial
Hoa
  • Their marketing strategy includes property signage, professional photography, an electronic and hard-copy brochure, web listing and email blasts.
  • Their maintenance technician is on-call 24 hours per day.
  • Their monthly reports included a general ledger, copies of cancelled checks, bank statement copies, a balance sheet, an income statement, an income-to-budget comparison, a current rent roll, a delinquency report, narrative of property management concerns, information on lease statuses and general market information.

License #: ?

The Gibson Company

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No Reviews Found

859-224-8833
1050 Monarch St #200, Lexington, KY 40513
Areas Served Lexington
? BBB: A+
Since 1991
Residential
Commercial
Hoa
  • Provides property management services for office, retail and industrial spaces specifically in Lexington and surrounding communities.
  • Provides leasing, financial and maintenance services to commercial property owners.

Lexington vs Nearby Cities

Lexington is located in north-central Kentucky and features a median home value over $150,000 most of the time. The city’s median home price tends to stay around $250,000, but the median sales price often falls closer to $200,000. With a median rental price around $1,200 per month, this city is slightly more expensive than many nearby towns. For instance, the median home price is around $150,000 in Frankfort and Louisville. The median home price in Elizabethtown is closer to $200,000, so there are some nearby cities with comparable prices. It’s common for renters to pay a median price of $1,000 per month in in most surrounding cities.

Lexington Property Managers

Property managers in Lexington are available to answer questions from tenants and oversee maintenance tasks when property owners are unavailable. The manager is often responsible for finding new tenants when a unit becomes vacant, including maintenance to prepare the unit for the new tenant. Managers must also oversee landscaping and renovations.

Lexington Property Management Company Fees

Property owners in Lexington can expect to pay a professional manager around eight percent of the rent collected from all units included in the management contract. This fee can go higher than 10 percent in some instances, and most management companies will negotiate to meet each client’s needs.

Kentucky Landlord/Tenant Laws

  • Landlords in Kentucky can take up to 30 days to return a previous tenant’s security deposit. This time is sometimes extended to 60 days if the tenant questions deductions taken out of the deposit.
  • There is no limit to what a landlord can charge a tenant for the security deposit on a furnished or unfurnished unit.