RHODE ISLAND PROPERTY ADVISORY COMPANY | ARMENY INC | HENNESSY PROPERTY MANAGEMENT
Rhode Island Property Management FAQs
Exploring property management options can raise a lot of questions for a landlord, real estate investor, or condominium or HOA board. We answer your questions about everything from tenant screening to maintenance to legal compliance so you can make informed decisions.
What does a property management company in Rhode Island do?
A property management company handles the day-to-day operations of rental properties, including:
• Marketing and filling vacancies
• Tenant screening and leasing
• Rent collection and late payment enforcement
• Property maintenance and repairs
• 24/7 emergency response
• Legal compliance and eviction coordination
How much does property management cost?
Fees for property management in Rhode Island vary based on the number of units and level of service. Fees can include:
• Monthly management fee: Usually 6–9% of collected rent
• Leasing fee: One-time fee to find and place a tenant, often equal to one month’s rent
• Maintenance coordination: Hourly rate plus service call fees, charged as needed
Click here to contact us for a property management proposal.
How do you screen tenants?
At The Hennessy Group, we use a thorough process to find qualified tenants, including:
• Credit and background checks
• Employment and income verification
• Previous landlord references
• Rental and eviction history review
We screen tenants to help avoid late payments, lease violations, and evictions.
How are maintenance requests handled?
Tenants submit requests through a phone call or the tenant portal. Next we dispatch a trusted vendor or our in-house technicians. Owners are consulted for any maintenance requests that involve larger expenses. We also perform preventive maintenance to avoid any emergencies.
Will I still be involved in managing the property?
It’s up to you how much you would like to be involved in the management of your property. Most owners choose a hands-off approach but stay informed through financial statements and updates, large expense approval, and access to our property management software where they can access reports and documents.
Our goal is to free up your time by taking care of the day-to-day while keeping you in control of major decisions.
What happens if a tenant doesn’t pay rent?
If a tenant doesn’t pay rent, we enforce the lease and follow legal procedures which include:
• Notices and reminders
• Late fees as outlined in the lease
• Payment plans, when appropriate
• Eviction proceedings if necessary, always in compliance with Rhode Island state laws
Our experienced team handles delinquencies professionally and efficiently.
Do you manage single-family homes, condos, and apartments?
The Hennessy Group manages a wide variety of property types, including:
• Single-family rentals
• Multi-family units and apartment buildings
• Condominiums
• Mixed-use and commercial properties
• Homeowners associations (HOAs)
We have expertise in all property types and can tailor our services to yours.
Can you help with legal compliance?
Yes. While we don’t offer legal advice, we stay current on:
• Rhode Island State and local landlord-tenant laws
• Fair Housing and ADA regulations
• Licensing and inspection requirements
• Lease and eviction compliance
We can also connect you with trusted legal counsel if needed.
How do I know if I need a property manager?
You might benefit from professional management if:
• You own multiple properties or units
• You live far from your rental
• You’re tired of dealing with tenants and maintenance
• You want to grow your investment portfolio without adding work
• You’re part of an HOA board that needs administrative support
How do I get started?
• Contact us by phone, email, or through our website.
• We will reach out to you to review your property and goals
• We send you a management agreement
• Sit back and let our team handle the rest!
Am I locked into a long-term contract?
No. Our property management agreement can be terminated by either party with 30 days’ notice.
When do I receive my collected rent?
We issue electronic funds transfers once or twice a month, disbursing all collected rent minus any maintenance and management fees.