Best Property Management Companies in Indianapolis, Indiana

Indianapolis's short-term rental market is booming, and local property management companies have stepped up to provide specialized services for hosts. Here are the top 10 local property management companies that have proven their worth in the Indianapolis market.

Top 10 Property Management Companies in Indianapolis

Red Door Property Management

One of Indianapolis's pioneering full-service short-term rental management companies, Red Door stands out for its comprehensive approach to rental management. They offer dynamic pricing, professional photography, and advanced noise monitoring systems. Their tech-forward approach and deep local market knowledge make them a favorite among hosts seeking hands-off management.

Red Door Property Management Features and Services

Red Door Property Management offers a comprehensive suite of services tailored for Indianapolis property owners. Their tech-forward approach combines traditional management with modern solutions.

• 24/7 Online Owner Portal: Property owners get real-time access to financial statements, maintenance requests, and property performance metrics. The portal provides complete transparency with automatic e-deposits for seamless rent collection.
• Video Documentation: Detailed move-in and move-out videos are emailed directly to owners and tenants. This service provides thorough documentation of property condition and helps prevent disputes.
• Dynamic Pricing Strategy: Professional market analysis ensures optimal rental rates based on current market conditions. The system adjusts pricing based on seasonal demands and local market fluctuations.
• Eviction Protection: Coverage for uncontested eviction costs, providing peace of mind to property owners. This includes legal fees and court costs associated with the eviction process.

Why We Like Red Door Property Management

Their video documentation system stands out as a unique offering, providing owners with detailed visual records of their property's condition throughout the tenancy, which is especially valuable for remote investors managing short-term rentals.

Red Door Property Management Pricing and Fees

Red Door Property Management charges a monthly management fee of 10% of the collected rent for their property management services. They require a $100 lease preparation fee for new tenants and a $95 renewal lease preparation fee. A mandatory resident benefits package costs $35 per month. For late rent payments, they charge a $50 base late fee plus additional daily charges. Their eviction protection program covers uncontested eviction costs, including legal fees and court costs.

Red Door Property Management Pros and Cons

Red Door Property Management has established itself as one of Indianapolis's pioneering full-service short-term rental management companies. Their experience with Airbnb properties has garnered mixed reviews from property owners.

Pros:

• Comprehensive video documentation system for move-in and move-out inspections, providing detailed property condition records
• Advanced noise monitoring technology to prevent unauthorized parties
• Full-service furnishing options including furniture rental for new Airbnb setups
• Dynamic pricing algorithms for optimized revenue
• Strong local market knowledge with experience managing properties during major Indianapolis events

Cons:

• Communication delays reported by multiple property owners
• Maintenance response times can be inconsistent
• Higher technology fees ($99/month) compared to competitors
• Some clients report difficulties with deposit returns
• Limited flexibility in management packages - only offers full-service options

Who We Think Red Door is Best Suitable For:

Red Door Property Management is best suited for out-of-state investors seeking a hands-off approach to Airbnb management in Indianapolis. Their comprehensive video documentation and tech-forward systems make them ideal for owners who prioritize property protection and want detailed oversight without being physically present

PMI Indianapolis

Known for their attention to detail and guest satisfaction focus, PMI Indianapolis excels in coordinating bookings and managing day-to-day operations. Their robust marketing strategy and dedicated accounting department ensure properties maintain high occupancy rates while maximizing revenue.

PMI Indianapolis Features and Services

PMI Indianapolis combines local expertise with nationwide resources to deliver comprehensive property management solutions.

1. 21-Day Tenant Placement: Guaranteed placement of quality tenants within 21 days or the first month of management fees are waived. This includes thorough screening and background checks.
2. Pet Guarantee Program: A specialized program that helps owners maximize returns by making properties pet-friendly. The program includes additional security deposits and pet rent structures.
3. On-Time Rent Guarantee: Owner payments are guaranteed within ten business days of rent collection, or management fees are refunded. This ensures consistent cash flow for property owners.
4. Leasing Protection: If a tenant doesn't fulfill at least nine months of their lease term, PMI will find a new tenant at no additional cost. This protects owners from frequent turnover expenses.

Why We Like PMI Indianapolis

Their comprehensive guarantee system, particularly the 21-day tenant placement guarantee, provides owners with concrete assurances of performance and financial protection.

PMI Indianapolis Pricing and Fees

PMI Indianapolis structures their fees with a clear guarantee system. Their management fee ranges from 8-12% of monthly collected rent. They charge a tenant placement fee equal to one month's rent but offer a 21-day tenant placement guarantee - if they don't find a quality tenant within 21 days, they waive the first month of management fees. Their eviction guarantee covers up to $2,000 in eviction costs for screened tenants. Application fees are $40 per adult. They also offer a unique pet guarantee program to help maximize returns on pet-friendly properties.

PMI Indianapolis Pros and Cons

PMI Indianapolis combines nationwide resources with local expertise in short-term rental management, offering a structured approach with clear guarantees.

Pros:

• Strong 21-day tenant placement guarantee system
• Comprehensive marketing across multiple booking platforms
• Dedicated accounting department for professional financial management
• Dynamic pricing powered by PriceLabs algorithm
• Clear guarantee system for various management aspects

Cons:

• Some tenants report slow response times to maintenance issues
• Communication inconsistencies noted in reviews
• Complex fee structure that can be confusing for new hosts
• Mixed reviews about property inspection thoroughness
• Limited flexibility in service customization

Who We Think PMI Indianapolis is Best Suitable For:

PMI Indianapolis is ideal for Airbnb hosts who value structured management systems and clear guarantees. Their approach works best for investors who prefer working with an established company that offers comprehensive services backed by formal guarantees.

Intrigue Property Management

With a stellar 4.8/5 Google rating from 179 reviews, Intrigue Property Management has built a strong reputation in the Indianapolis market. Their flexible management approach and expertise in both residential and commercial properties make them an excellent choice for hosts with diverse portfolios.

Intrigue Property Management Features and Services

Intrigue Property Management specializes in both residential and commercial property management with a focus on personalized service.

1. Portfolio Management: Comprehensive oversight of multiple properties with detailed financial reporting and performance metrics. The service includes strategic planning for property optimization.
2. Property Search Services: Assistance in identifying and evaluating potential investment properties in the Indianapolis market. This includes market analysis and ROI projections.
3. Personal CommunicationProtocol: Direct phone and text communication system that ensures quick response times to owner and tenant needs. The service maintains personal contact instead of automated responses.
4. Renovation Management: Full-service renovation coordination including contractor management and project oversight. The service handles both minor updates and major property improvements.

Why We Like Intrigue Property Management

Their personal communication approach sets them apart, offering direct contact with property managers rather than automated systems, which is crucial for short-term rental management.

Intrigue Property Management Pricing and Fees

Intrigue Property Management maintains a straightforward pricing structure with a 10% monthly management fee of collected rent, reduced to 8% for owners with 10 or more units. Their leasing fee equals one month's rent with a $1,000 cap. They don't charge hidden fees or annual leasing fees. For property maintenance, they operate on a pass-through model with no markup on repair costs. They also provide detailed financial reporting and market analysis as part of their standard service package.

Intrigue Property Management Pros and Cons

Intrigue Property Management offers a blend of traditional property management with modern short-term rental solutions.

Pros:

• Personal communication approach instead of automated systems
• Transparent pricing with no hidden fees
• Strong local market expertise
• In-house maintenance coordination
• Flexible management options for different property types

Cons:

• Limited experience specifically with Airbnb properties compared to competitors
• Some complaints about maintenance contractor coordination
• Communication delays during peak seasons reported
• Less technological integration compared to larger companies
• Limited coverage area within Indianapolis

Who We Think Intrigue Property Management is Best Suitable For:

Intrigue Property Management is best suited for local Indianapolis Airbnb hosts who value personal service and direct communication. Their approach works particularly well for hosts transitioning from long-term to short-term rentals who need guidance in the process.

CRM Properties

CRM Properties Indianapolis is full-service management company offers a unique three-month trial period for their services, allowing hosts to test their capabilities before committing. Their extensive local team provides comprehensive management solutions with a focus on personalized service.

CRM Properties Features and Services

CRM Properties combines traditional management services with innovative technology solutions.

360-Degree Virtual Tours: Professional property documentation using advanced camera technology for comprehensive virtual tours. This technology allows potential tenants to view properties remotely.

Text-Based CommunicationSystem: Integrated messaging platform for efficient communication between owners, tenants, and management. The system provides quick response times and documented communication trails.

Renovation Line-Item System: Detailed breakdown of renovation needs categorized by required, recommended, and noted items. This system helps owners make informed decisions about property improvements.

Property Inspection Technology: Advanced inspection software for detailed property condition documentation. The system includes regular updates with photos and videos.

Why We Like CRM Properties

Their advanced 360-degree virtual tour technology makes property marketing more efficient, especially beneficial for short-term rental listings.

CRM Properties Pricing and Fees

CRM Properties offers an 8% monthly management fee with a maximum cap of $275. Their leasing fee equals one month's rent but is capped at $1,500. They charge a $250 renewal fee for existing tenants and apply a 10% markup on vendor maintenance bills. A one-time setup fee of $99 is required when onboarding new properties. Their project management services also include a 10% markup for larger renovation or improvement projects.

CRM Properties Pros and Cons

CRM Properties offers a flexible approach to short-term rental management with multiple service tiers and comprehensive coverage across Indianapolis.

Pros:

• Three different management service plans offering flexibility for different owner needs
• Extensive marketing reach with listings on over 100 websites
• Comprehensive tenant screening process including credit, employment, and criminal checks
• Strong accounting and financial reporting systems
• Annual property performance evaluations
• Emergency maintenance response team

Cons:

• Mixed reviews across platforms (ranging from 2.0 to 4.4 stars)
• Some complaints about properties not being ready for move-in
• Reports of unexpected charges
• Communication delays with maintenance requests
• Inconsistent property inspection quality

Who We Think CRM Properties is Best Suitable For:

CRM Properties is ideal for Airbnb hosts who want flexibility in their management package and prefer a larger, established company with comprehensive systems in place. Their multi-tier service approach works well for hosts who want to customize their management experience based on specific needs and budget.

IndyFlippers

Boasting 17 years of experience and an A+ BBB rating, IndyFlippers combines property management with renovation services. Their ability to handle both management and property improvements makes them ideal for hosts looking to upgrade their properties while maintaining operations.

IndyFlippers Features and Services

IndyFlippers combines property management with renovation expertise, offering a unique blend of services.

1. 3-4 Week Rehab Service: Quick turnaround renovation service specifically designed for rental properties. The service includes full project management and quality control.
2. Property Setup Service: Complete property preparation service from initial assessment to market-ready condition. This includes furnishing recommendations and setup for short-term rentals.
3. Investment Property Analysis: Detailed market analysis and investment potential assessment for new properties. The service helps owners make informed purchasing decisions.
4. Maintenance Team Integration: In-house maintenance staff combined with trusted contractor networks for comprehensive property care. This ensures quick response times for property issues.

Why We Like IndyFlippers

Their rapid rehab service sets them apart, offering a quick 3-4 week turnaround for property renovations, which is essential for getting short-term rentals market-ready.

IndyFlippers Pricing and Fees

IndyFlippers charges a standard 10% monthly management fee for their services. Their leasing fee is set at $600, making it one of the more competitive options in the Indianapolis market. They specialize in quick property turnovers with their 3-4 week rehab service, which is priced separately based on the scope of work needed. They don't charge additional maintenance fees for their in-house maintenance team services.

IndyFlippers Pros and Cons

IndyFlippers combines property management with renovation expertise, making them unique in the Indianapolis market.

Pros:

• Quick 3-4 week renovation turnaround for properties
• In-house maintenance team for faster response times
• Complete property setup services for new Airbnb listings
• Strong focus on investment property analysis
• Comprehensive property preparation services
• Local market expertise

Cons:

• Limited technology integration compared to larger companies
• Smaller portfolio of managed properties
• Higher setup costs due to comprehensive preparation requirements
• Less experience with luxury properties
• Limited coverage area within Indianapolis

Who We Think IndyFlippers is Best Suitable For:

IndyFlippers is perfect for Airbnb hosts who need significant property improvements or complete setup services. Their combined renovation and management expertise makes them ideal for investors purchasing properties that need work before entering the short-term rental market.

Keyrenter Indianapolis North

Keyrenter Indianapolis North is a veteran-owned company that brings military precision to Airbnb management. Their association with the National Association of Residential Property Managers ensures they stay current with industry best practices.

Keyrenter Indianapolis North Features and Services

Keyrenter Indianapolis North combines nationwide resources with local expertise to deliver comprehensive management solutions.

1. Commercial Property Management: Full-service management for commercial properties including tenant screening and maintenance coordination. The service includes regular property inspections and financial reporting.
2. Tenant Screening System: Professional screening process that includes credit checks, background verification, and rental history analysis. This comprehensive approach helps secure reliable, long-term tenants.
3. Property Inspection Program: Regular detailed inspections of properties to maintain condition and value. The service includes documentation and recommendations for preventive maintenance.

Why We Like Keyrenter Indianapolis North

Their comprehensive screening system stands out, combining multiple verification methods to ensure high-quality tenant placement, which is crucial for maintaining property value.

Keyrenter Indianapolis North Pricing and Fees

Keyrenter Indianapolis North's initial investment ranges from $111,825 to $229,479 for franchise operations, but their property management services are priced competitively for individual property owners. Their monthly management fee typically starts at 10% for single-family homes, with discounts available for portfolios of 3-10 properties. They structure their fees to align with local market conditions and property types.

Keyrenter Indianapolis North Pros and Cons

Keyrenter Indianapolis North brings a franchise-backed system to local property management with a focus on professional service delivery.

Pros:

1. Strong tenant screening system with multiple verification methods
2. Regular property inspections with detailed documentation
3. Commercial property management expertise
4. Professional marketing services
5. Industry-leading property management systems
6. Comprehensive maintenance coordination

Cons:

1. Higher initial investment requirements
2. Less flexibility in management approaches
3. Standardized systems may not suit unique property needs
4. Limited customization options
5. Franchise model can mean less local market adaptability

Who We Think Keyrenter Indianapolis North is Best Suitable For:

Keyrenter Indianapolis North is best suited for Airbnb hosts who value standardized processes and proven systems. Their approach works particularly well for hosts with multiple properties who need consistent management across their portfolio and appreciate a more corporate management style.

ES Property Management

A locally-focused company with deep roots in Indianapolis, ES Property Management specializes in helping both local and out-of-state investors maximize their rental returns. Their comprehensive approach includes market analysis and strategic pricing.

ES Property Management Features and Services

ES Property Management leverages their construction and development background to provide unique property management solutions.

1. Risk-Based Management: Specialized methodology focused on improving cash flow and asset value over time. This approach helps control costs while maintaining income stability.
2. Investment Property Advisory: Professional guidance for optimal investment property purchases in the Indianapolis market. The service includes market analysis and ROI projections.
3. International Investor Services: Specialized services for international property investors including portfolio management and local market expertise. This includes comprehensive reporting and market analysis.

Why We Like ES Property Management

Their risk-based management methodology sets them apart, offering a unique approach to property management that focuses on long-term asset value appreciation.

ES Property Management Pricing and Fees

ES Property Management operates on a percentage-based fee structure ranging from 6-12% of monthly rent collected. Their pricing model includes comprehensive financial reporting and market analysis. They focus on risk-based management methodology, with fees adjusted based on property type and service level required. Additional services like property setup, maintenance coordination, and tenant placement are priced separately.

ES Property Management Pros and Cons

Pros:

1. Strong local market expertise with over 30 years of family presence in Indianapolis
2. Comprehensive online portal for financial reporting and maintenance requests
3. Combined 35 years of experience in property management and construction
4. Detailed market analysis for investment opportunities
5. Established vendor relationships for competitive maintenance pricing

Cons:

1. Mixed reviews about responsiveness to maintenance issues
2. Some tenants report communication inconsistencies
3. Limited experience with short-term rentals compared to long-term
4. Technology platform less specialized for Airbnb management
5. Higher management fees for smaller portfolios

Who We Think ES Property Management is Best Suitable For:

ES Property Management is ideal for investors who value deep local market knowledge and want a company that understands both property management and construction. Their approach works best for hosts who plan to grow their portfolio over time and need guidance on property improvements and market opportunities.

Luna Stays

Luna Stays has emerged as a distinctive force in Indianapolis's short-term rental landscape, combining design excellence with comprehensive management solutions. As Indiana Airbnb Community Leaders, they bring unmatched local expertise and industry insights to property management, while their design-forward approach ensures properties stand out in a competitive market.

Luna Stays Features and Services

Luna Stays specializes in short-term rental management across Indianapolis with a focus on design-forward properties and comprehensive management solutions.

1. Property Design Services: Professional interior design and setup services for short-term rentals. The service includes full property styling and optimization for guest appeal.
2. Multi-Platform Marketing: Comprehensive listing management across various booking platforms to maximize visibility. This includes professional photography and optimized property descriptions.
3. Guest Communication Management: 24/7 guest support and communication handling throughout the entire booking process. The service includes automated messaging and personalized guest assistance.
4. Property Maintenance: Full-service property care including regular inspections and maintenance coordination. The service ensures properties remain in optimal condition for guests.
5. Airbnb Community Leadership: Specialized knowledge and networking opportunities as Indiana Airbnb Community Leaders. This provides hosts with insider knowledge and industry connections.

Why We Like Luna Stays

Their unique position as Indiana Airbnb Community Leaders combined with their design-forward approach sets them apart, offering hosts both industry expertise and aesthetically optimized properties that stand out in the market.

Luna Stays Pricing and Fees

Luna Stays specializes in short-term rental management with a focus on design-forward properties. Their pricing structure includes comprehensive management services with dynamic pricing strategies. As Indiana Airbnb Community Leaders, they offer specialized knowledge and market insights. Their services include full property styling and optimization, professional photography, and 24/7 guest support, though specific pricing details must be obtained through direct consultation.

Luna Stays Pros and Cons

Pros:

1. Specialized focus on short-term rentals and Airbnb properties
2. Strong design-forward approach to property styling
3. Comprehensive guest communication system
4. Dynamic pricing strategies for major Indianapolis events
5. Local market expertise as Indiana Airbnb Community Leaders

Cons:

1. Limited number of properties under management compared to larger companies
2. Higher setup costs due to design requirements
3. Focused primarily on higher-end properties
4. More selective about property acceptance
5. Limited coverage area within Indianapolis

Who We Think Luna Stays is Best Suitable For:

Luna Stays is perfect for hosts who want to position their properties in the premium short-term rental market. Their design-focused approach and community leadership make them ideal for owners who want to create standout Airbnb experiences and maintain higher nightly rates.

Reid Properties

A well-established local name in Indianapolis property management, Reid Properties has earned recognition for their personalized approach to short-term rental management and strong local market expertise.

Reid Properties Features and Services

Reid Properties focuses on trustworthy, client-focused management services with comprehensive coverage.

1. Inventory Control System: Detailed documentation and management of furnished properties including photo documentation. The service includes regular updates and condition monitoring.
2. Financial Reporting: Monthly detailed financial statements and year-end tax documentation preparation. This includes automated rent collection and expense tracking.
3. Maintenance Crew Network: In-house maintenance team combined with verified third-party contractors. The service provides quick response times and quality control.

Why We Like Reid Properties

Their inventory control system for furnished properties demonstrates exceptional attention to detail, particularly valuable for short-term rental management.

Reid Properties Pricing and Fees

Reid Properties charges a monthly management fee of 10% of collected rent, with their leasing fee equal to one month's rent for properties over $1,000 per month. Their fee structure is all-inclusive, covering regular inspections, maintenance coordination, and financial reporting. They don't charge additional technology fees or setup costs, making their pricing structure straightforward for property owners.

Reid Properties Pros and Cons

Pros:

1. 25 years of property management experience
2. Strong inventory control system for furnished properties
3. Comprehensive financial reporting
4. In-house maintenance team
5. Detailed property documentation system

Cons:

1. Traditional property management background with less Airbnb focus
2. Limited technological integration for short-term rentals
3. More structured approach with less flexibility
4. Higher minimum property requirements
5. Conservative pricing strategies

Who We Think Reid Properties is Best Suitable For:

Reid Properties is best suited for Airbnb hosts who prioritize stability and established management systems. Their detailed inventory control and documentation systems make them ideal for owners with fully furnished properties who want thorough oversight.

T&H Realty Services

Rounding out our top 10, T&H Realty Services combines traditional property management expertise with modern short-term rental strategies. Their comprehensive service package includes everything from guest screening to maintenance coordination.

T&H Realty Services Features and Services

T&H Realty combines traditional management with modern technology solutions.

1. Weekly Rent Distribution: Unique weekly payment system for property owners instead of monthly distributions. This ensures faster access to rental income.
2. Syndicated Marketing: Comprehensive property marketing across multiple platforms and websites. The service includes professional photography and detailed listings.
3. Real-Time Owner Portal: Online portal providing instant access to property performance metrics and financial data. The system includes detailed evaluation reports with extensive photo documentation.

Why We Like T&H Realty Services

Their weekly rent distribution system stands out as a unique offering in the market, providing owners with more frequent access to their rental income compared to traditional monthly distributions.

T&H Realty Services Pricing and Fees

T&H Realty Services offers management fees between 8-10% of monthly rent with an $80 minimum per unit. Their leasing fee equals one month's rent, and they charge a renewal fee between $125-$250. They implement a unique weekly rent distribution system instead of monthly payments, providing owners with more frequent access to their rental income. Their tenant placement services include comprehensive screening and marketing, with all costs clearly outlined in their management agreement.

T&H Realty Services Pros and Cons

Pros:

1. Weekly rent distribution system
2. Comprehensive marketing across multiple platforms
3. Strong tenant screening process
4. Detailed financial reporting
5. Established maintenance network

Cons:

1. Mixed reviews about communication responsiveness
2. Some complaints about application process
3. Higher application fees compared to competitors
4. Less flexibility in management approaches
5. Limited experience with short-term rentals

Who We Think T&H Realty Services is Best Suitable For:

T&H Realty Services is ideal for hosts who value structured management systems and frequent payment distributions. Their approach works best for investors transitioning from long-term to short-term rentals who need established systems and comprehensive property oversight.