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Property Management in Waterford, MI

Waterford MI Property Management Leasing Co.

Our property management division is a full-service company specializing in managing and leasing individual units across Oakland, Wayne, Macomb, Washtenaw, and Livingston counties.

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Waterford Township is located in central Oakland County, bordered by West Bloomfield to the south, Pontiac to the east, and Independence Township to the north.

More than a dozen lakes plus Dodge #4 State Park, with its beach, hiking trails, and picnic areas, anchor a lake centered lifestyle throughout the township. Boating and fishing are popular activities given the township's extensive lake access. Waterford School District serves the majority of the township and has a long standing presence in the community. Housing ranges from lakefront cottages and ranch homes to newer subdivisions, giving investors a wide variety of property types across the township's many neighborhoods.

Waterford Rental Market at a Glance

About 24% of Waterford households rent, roughly 7,400 homes out of 30,700.

Population70,160
Households that rent7,437 (24.2%)
Median gross rent$1,111 per month
Median home value$250,900
Median household income$77,101

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (tables B01003, B25003, B25064, B25077, B19013).

Median Rent in Waterford by Bedroom Count

Studio$1,016
1 bedroom$956
2 bedrooms$1,182
3 bedrooms$1,562

These are median gross rents across all occupied rentals in Waterford, including long-standing leases, and they include utilities paid by the tenant. A home coming to market today may be priced differently. A free rental analysis gives you a figure for your specific address.

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table B25031 (median gross rent by bedrooms).

Rental Registration and Inspections in Waterford Township

Waterford Township has a Rental Certification Ordinance that applies to all single and multiple family residential rental properties. Owners must register each rental property with the Township.

  • Registration: A completed Registration Form is required for each rental property, and the Township bills an annual operating fee each January.
  • Inspection cycle: Rental properties are subject to inspection upon registration. A recertification inspection and signed affidavit are required every 4 years after that.
  • Local agent: An owner who does not reside in Michigan must establish a Michigan based local agent.

Questions go to the Development Services Department at 248-674-6250.

Source: Charter Township of Waterford, Residential Rental Certification.

Communities near Waterford

We also manage rental homes and multi-family units in Clarkston, Independence Township, Springfield Township, White Lake Township and Keego Harbor. See every community we serve in Oakland County.

Waterford Property Management FAQ

What is the average rent in Waterford, MI?
The median gross rent in Waterford is $1,111 per month, according to the Census Bureau’s 2020–2024 American Community Survey. Three-bedroom rentals have a median of $1,562.

Do I need to register my rental property in Waterford?
Yes. Waterford Township’s Rental Certification Ordinance requires the owner of each single or multiple family residential rental property to register it with the Township.

How often does Waterford inspect rental properties?
Waterford Township inspects rental properties upon registration and requires a recertification inspection and signed affidavit every 4 years after that.

How many homes in Waterford are rentals?
About 24% of occupied homes in Waterford are rented, roughly 7,400 households, according to the Census Bureau.

What types of Waterford properties do you manage?
We manage and lease single-family homes and multi-family units in Waterford and across Oakland County.

How do I find out what my Waterford home will rent for?
Request a free rental analysis and we will send you a rent estimate for your address.

Why Choose Zamzam Property Management?

Local Experts

Managing residential properties can be time-consuming, especially if you don’t live nearby. A local property management expert is your best solution for handling every aspect efficiently and with a focus on tenant satisfaction, from contract execution and property showings to rent collection, legal matters, maintenance, and day-to-day tenant needs. We proudly serve Oakland, Wayne, Macomb, Washtenaw, and Livingston counties, including cities like Novi, Plymouth, Bloomfield, Birmingham, and the greater Detroit metro area.

Out-Market The Competition

The more visibility your property gets, the greater your chances of securing qualified tenants. We go beyond delivering exceptional customer service, we back it with an unlimited marketing budget. As an added advantage, we include virtual tours for every home we market, keeping prospective tenants engaged with your property longer and reducing attention to the competition. In today’s market, every competitive edge counts.

Owner Real-Time Access

Zamzam Property Management utilizes advanced online management software to deliver unmatched service and full transparency. With our secure owner portal, you’ll have 24/7, real-time access to your portfolio from any web browser, so you’ll always know exactly what’s happening with your properties.

Full Service Michigan Residential Leasing & Property Management

We handle everything, from leasing and day-to-day management to property maintenance, so you can simply relax while we take the stress out of being a landlord. With a 24–48 hour response time, we ensure you and your tenants receive prompt, top-tier customer service every step of the way.

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We Manage Your Property Like We Manage Our Own

Zamzam Property Management is a full-service property management company, and we’re real estate investors ourselves. Because we take great care of our own tenants, we know exactly how to care for yours. From tenant selection to move-out coordination, and every step in between, we manage your property with the same attention and commitment we give to our own investments.

We know that owners hire property managers to remove the headaches of day-to-day management. Without the right systems and processes, it can be overwhelming. Over the years, we’ve refined efficient, proven methods that let you enjoy the income from your property, without the stress.