Property Management Companies in Pittsburgh
Profitable. Efficient. Predictable. Coverage.
For landlords and property owners who are looking for a better way to manage all aspects of their investments, Home365 is the answer. With our hybrid InsureTech and property management company in Pittsburgh, PA, we offer personalized services that will make sure your net operating income (NOI) is guaranteed. Our data-driven platform helps us deliver superior customer service and eliminates any stress from running a rental property business.
As one of the top property management companies in Pittsburgh, we offer a full suite of services including tenant screening, property management, insurance, and maintenance. We have highly qualified experts in these fields so you can rest assured that your properties are being taken care of by the best! Our customers also receive access to our AI-powered platform which helps us provide personalized service based on occupancy profiles and trends.
Investment and Property Management Companies in Pittsburgh, PA
Home365 is one of the fastest growing property management companies in Pittsburgh.
Pittsburgh, PA is a very strong market for real estate investment. It is commonly ranked among “America’s Most Livable Cities” based upon cost of living, education quality, income per-capita, housing affordability, job availability, along with some other factors.
Boasting more than 30 universities and institutions of higher education, among them some of the top in the world – Carnegie Mellon University and The University of Pittsburgh. Several Fortune 500 Companies are headquartered in Pittsburgh – PNC Financial Services, PPG Industries, Howmet Aerospace, Wesco International, Viatris, U.S. Steel, Alcoa, Dick’s Sporting Goods, just to name a few.
The fierce demand in the Pittsburgh real estate market has begun to slow, creating potential opportunity for investing in rental property in the Steel City. Across the Greater Pittsburgh area, home values appreciated over 14.5% between 2021-2022, and over the last five years, they have appreciated 63%. Rent growth has grown year-over-year at an average of 6% and look to continue this trend.
Home prices in the most desirable neighborhoods are still going up and selling faster than ever before. Investors looking for cash-flowing housing to hold for the long term have known for several years that Pittsburgh, Pennsylvania may be an attractive place to buy rental property.
Local Expertise for Property Management in Pittsburgh
Home365 is the best choice for property management companies in Pittsburgh. We are a technology-driven, property management company in Pittsburgh that offers personalized services to both commercial and residential landlords. We take pride in our ability to understand your unique needs and provide a service that is tailored specifically for you. Not only will we manage your property, but we will also provide you with a team of experts to handle all types of issues.
Don’t wait to begin the process — chat with us today to learn more about the services we offer to the great community of Pittsburgh and its surrounding areas. Home 365 will be a valuable asset for any owner looking to manage their property successfully.
Our team of property managers in Pittsburgh is committed to providing top-quality services that exceed expectations. We believe in putting integrity and ethical standards first while ensuring we meet your high level of expectations. We know that your success is our number one priority, which is why we will always be readily available to answer any questions you may have. We are committed to being the best property management company in Pittsburgh.
General Manager of Home365 Pittsburgh
He is the on the ground expert in all things Real Estate and Property Management Companies in Pittsburgh, PA. Whether you are just starting out or have a couple units you want us to manage let us know.
Gabe has personally sourced, evaluated, negotiated and closed over $10mm of real estate for his family’s investment company. He has created syndications that have raised and deployed hundreds of thousands of dollars of equity in the single and multifamily sector of Western PA.
Gabe helped start and manage one of the property management companies in Pittsburgh that was recently acquired by Home365, so he understands all the nuances of property management and profit maximization. He recently joined the Home365 team to serve as the Pittsburgh General Manager where he will work with investors who desire to grow their portfolios, maximize profitability, and eliminate operational hassles.
The Most High-Tech, Cutting-Edge, All-Encompassing of All Property Management Companies in Pittsburgh
Our property management company in Pittsburgh offers a 9-step process for our customers, ensuring all your properties are properly maintained and all your needs as a landlord are met. We don’t cut corners and we don’t offer anything less than what we promise. Of all the property management companies in Pittsburgh, we want to give you the best and that is why our services are all-encompassing. We eliminate all the stress and let technology do its thing so you can spend more time on the other important things in your life. Our experts in property management in Pittsburgh are always available to help so you don’t have to worry about anything.
Step 1 of Property Management in Pittsburgh, PA:
Property Evaluation and Rental Rate Calculation
A thorough analysis of your asset, including market conditions, local economy, and investment objectives will be calculated by our licensed agents and brokers to ensure that the best rental price and profile of tenants will be provided to you. Our data sources, which the public does not have access to, help us provide you with the most accurate numbers that are specifically catered to you and your property's needs. Optimization of your rental rates will ensure you receive the most income possible for each of your properties, in addition to attracting the best tenants. Make sure that your property is getting the full attention, value, and exposure it deserves with our cutting-edge technology and unique data — all provided to you when you work with property management companies in Pittsburgh like Home365. Property management in Pittsburgh is our expertise and we want to make sure you get a fair market value for your property!
Step 2 of Property Management in Pittsburgh:
Tenant Screening and Selection
We utilize our custom-built AI system, which helps us make the best selection for your property. We don't just look at background checks and credit scores, we also conduct reference calls and check-ins with previous landlords to make sure potential tenants are a good fit for your property. Quality property management companies in Pittsburgh, like Home365 is important to us and we want the best fit for your investment property. We understand the art of choosing the right tenant and our systems help us make sure we do that for you. Property management in Pittsburgh requires detailed screening and we provide those details directly to you. It's crucial to ensure the tenants you allow into your properties are reliable for you and your business — which is why we do the hard work of tenant screening and thoughtful selection for you.
Step 3 of Property Management in Pittsburgh:
Rental Listing and Advertising
Once we have vetted your ideal tenants, our agents will advertise the property in the appropriate local and national markets. Property management in Pittsburgh is important to us and our marketing team knows how to make the best, high-quality ads for your property. We take into consideration the quality of photos and videos used, the wording of the ads, and even which websites we post to. Ensuring that the right tenants find our advertisements requires a good mix of local advertising, as well as national ad campaigns if needed. As the leading company of all property management companies in Pittsburgh, we know how to do it right. As an added bonus, and even with seasonality taken into consideration, our leases are typically filled and ready to go within just 14 days!
Step 4 of Property Management in Pittsburgh:
Once your tenants have moved in, our team of property management in Pittsburgh experts will handle it all. We will conduct a walk-through of the property with them to make sure the condition of the property is good and that they understand their responsibilities as a tenant. Quality property management companies in Pittsburgh, like Home365, requires detailed knowledge and experience, to ensure your move-in process goes as smoothly as possible for all incoming tenants. We also conduct a detailed move-in inspection and provide a copy of the digital documentation to you, for your records, through our Portal that is easily accessible and readily available to you. Property management in Pittsburgh, PA is our expertise, and we want to make sure your tenants are happy with their new homes!
Step 5 of Property Management in Pittsburgh:
Rent Collection and Tenant Management
Tenants are so much more than just money in your pocket, they are customers who expect and deserve quality service. Our tenant management process incentivizes your tenants to stay long-term and to be responsible and thoughtful with your property. Reporting maintenance issues, on-time rent payments, and high-passing inspections will all be rewarded with our system. Tenants can receive additional perks and redeem their rewards. We do this to provide your valuable tenants with exceptional service, ensuring we always keep the clients at your property happy and satisfied. Property management companies in Pittsburgh, like Home365, requires detailed knowledge so that your tenants are happy and stay for as long as possible. We want to make sure you have the best property managers in Pittsburgh so that you can focus on what you do best!
Step 6 of Property Management in Pittsburgh:
Financials and Reporting
Your online Portal will provide you with financial information and detailed property management reports. Property management in Pittsburgh is important to us, and we understand you need easy access to see what's going on with your property. Home365's Portal will provide you with information on your tenants and financials, and detailed reporting of all aspects of the management process — all available to you in real-time. Our team also understands that your time is valuable, which is why we have streamlined our processes into one company to make it easy for you to see your balances, expenses, and income all in one place. Our portals also show you the status in real-time of any ongoing maintenance requests or repairs, so that you always know what's happening at your property. We also know how important receiving your well-earned income into your account is — which is why our team, unlike other property management companies in Pittsburgh, offers rent payments into your account just 3 days after the payment is received. All of our processes are designed to keep you in the loop and informed so that you can continue running your business while we focus on keeping you happy and successfully managing your property.
Step 7 of Property Management in Pittsburgh:
Maintenance, Repairs, and Remodeling
This critical part of our system heavily relies on responsible tenants to report any ongoing issues within their profile of our user-friendly app. We want to make sure you know your property is in good hands, so we will immediately address any maintenance requests. We ensure that the providers we choose to dispatch and address your issues are the best in the area — providing even more value to the services for your tenants. Our property managers in Pittsburgh, PA do not take a commission or do mark-ups on these services because saving you the most money possible and making your tenants happy is our priority. All of the data compiled on these repairs and remodeling projects are fed into our system for a detailed reporting process that keeps you informed of the status and any orders. Our services for property management in Pittsburgh allow us to work with you to proactively address any issues before they become larger problems. This way, we can keep your property in tip-top shape and avoid having any issue become something more costly and problematic.
Step 8 of Property Management in Pittsburgh:
When it's time for tenants to move out, we work to make the transition as smooth as possible for everyone involved. We understand how important it is that your tenants have a positive experience with our property management company in Pittsburgh and we make every effort to provide the best service and ensure they are happy. We will conduct a thorough move-out inspection to make sure that the property is returned in good condition. Our services for property management in Pittsburgh make it possible for you to have a professional tenant turnover with detailed reporting of the process. In the case of damages, we will take care of cleaning, painting, and repairing everything necessary to provide a quick turnaround and minimize your costs. We also know how important it is for you to have a quick turnaround when renting the property out again — which is why we work efficiently to get your property back on the market as soon as possible.
Step 9 of Property Management in Pittsburgh:
Our services of property management in Pittsburgh are second to none and we take pride in knowing that you can always rely on our property management company in Pittsburgh for help. We are available to answer questions 24/7. We also understand that your business is time-sensitive, which is why we are available to chat anytime about questions you may have regarding property management companies in Pittsburgh.
We’re here to answer any questions you may have!
Network with Local Investors
Come join us monthly at the local Pittsburgh Real Estate Hackers Meetup, hosted by Gabe Gordon. RSVP here, it’s free!
Highlights of the Pittsburgh PA Market
What Makes Pittsburgh Real Estate Market Attractive For Investment?
Pittsburgh real estate is affordable for investors as well as homebuyers.
Home prices are well below the national average.
The median home price is around $225,000.
It is in the top 10% nationally for annual real estate appreciation.
Pittsburgh real estate appreciated 79.91% over the last ten years.
It is the second-largest in Pennsylvania.
It knows as “the Steel City” for its more than 300 steel-related businesses.
Leader in manufacturing for aluminum, shipbuilding, petroleum, gas, transportation, electronics, etc.
Hub for the health care, education, and technology industries.
1,600 technology firms like Amazon, Microsoft, and IBM generate $20.7 billion in annual Pittsburgh payrolls.
Also known as the “City of Bridges” for its 446 bridges.
Pittsburgh PA Market Details
The population of Allegheny County (where Pittsburgh is located) grew in population for the first time in 60 years, outperforming pre-census estimates.
KEY POPULATION STATS
Pittsburgh is the second-largest city in Pennsylvania, just behind Philadelphia.
The City of Pittsburgh has a population of nearly 303,000 people and almost 2.4 million residents in the Pittsburgh metropolitan area.
Population of Pittsburgh declined by about 1% over the past decade, while Allegheny County grew by a little over 2.2%
Median household incomes in Pittsburgh have increased by 4.9% year-over-year while property values rose by 3.5%.
The Pittsburgh job market is strong and on an upward trend enticing future tenants and investors alike.
KEY EMPLOYMENT STATS
GDP of Pittsburgh is more than $153.3 billion, an increase of more than 31% over the past ten years.
Unemployment in Pittsburgh dropped to 4.8% through October 2021.
Cost of living in Pittsburgh is 13% below the national average, according to Forbes.
World-renowned companies such as Amazon, Facebook, Bossa Nova Robotics, and IAM Robotics are driving the demand for skilled employees in the Pittsburgh metro area.
Freight railroad operators CSX and Norfolk Southern have major operations in Pittsburgh.
REAL ESTATE MARKET
Despite the pandemic and resulting recession, the housing market is still going strong. The housing market is especially hard on first-time buyers, which may be one reason why 50% of the households in Pittsburgh are occupied by renters.
KEY MARKET STATS
Home values in Pittsburgh have increased by 14.5% over the last year.
Over the last five years home values in Pittsburgh have increased by more than 63%.
KEY REAL ESTATE STATISTICS
Pittsburgh is one of the top 50 cities in the U.S. for renters, according to WalletHub. The city receives high ratings for many of the factors rental property investors look for, including activity in the rental market, affordability, and quality of life.
KEY MARKET STATS
Average Cap Rate for a B Class Property is 6-6.5%
Median rent in Pittsburgh is $1,650 per month for a 3-bedroom home.
Rents in Pittsburgh have increased by 6% year-over-year.
Renter-occupied households account for 50% of the total occupied housing units in Pittsburgh.
Single-family homes in Pittsburgh make up 74% of the total housing units.
Neighborhoods in Pittsburgh with the lowest rents include Elliot, Marshall-Shadeland, and Hays where average rents are $850 per month or less.
Pittsburgh neighborhoods with the highest monthly rents include Strip District, Downtown Pittsburgh, and West Oakland where rents range between $3,291 and $5,530 per month.
HISTORIC PRICE CHANGES & HOUSING AFFORDABILITY
When real estate investors analyze the viability of investing in rental property in Pittsburgh, two metrics commonly used are historical price changes and the level of housing affordability. Along with other financial measurements, price history and affordability help to determine the future demand for rental housing in Pittsburgh.
October 2016 HPI: 155.5
October 2021 HPI: 218.9
5-year change in home prices: 40.8%
One-year change in home prices: 12.0%
Monthly change in home prices: 0.4%
QUALITY OF LIFE & RENTABILITY
The most recent Pittsburgh Regional Quality of Life Survey found 68% of the residents in Allegheny County (where Pittsburgh is located) rated the region as either an excellent or very good place to live.
KEY QUALITY OF LIFE STATS
Housing and rents are affordable compared to the rest of the U.S., with 50% of the residents in Pittsburgh choosing to rent rather than own.
Ready to invest in the Pittsburgh market?
If you haven't already done, go and see what properties are available.
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How Much Work Is It Really to Use a Company or a Management Company Rentals Service?
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How Much Work Is It Really to Use a Company or a Management Company Rentals Service?
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