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MasterKey Property Management, LLC — Verified property manager on PropertyManagement.com

MasterKey Property Management, LLC

Quick summary

MasterKey Property Management, LLC is a property management company based in Cary, NC. They serve 14 surrounding markets. They are ranked #33 nationally. They manage 515+ units. They have 9+ years of experience.

Verified by 8 owners

See Ratings
500+
Doors Managed
9
Years Experience
328
Google Reviews

Company Overview

MasterKey Property Management is dedicated to providing top-tier property management in the Raleigh/Durham area. We offer comprehensive residential property management for single-family homes, condos, townhomes, and apartments, as well as management for small commercial properties. By treating every property as if it were our own, we help maximize growth and revenue while building a strong reputation. As a locally owned and operated company, we prioritize clear communication and personalized service, ensuring our clients and tenants receive the support they need every step of the way.

Service area map

Area: smoothed merge of ~5 mi buffers (≈2 mi gap close). Dots: each ZIP centroid (darker = primary). Illustrative only. © Mapbox © OpenStreetMap

Certifications

Speedy Leasing

Median days on market15 days
Lead to Application Rate0%
Average lead response time13.3 secs

This company has verified its median days on market for all leases signed in the last 90 days, measured from the day a listing begins marketing to the day the lease is signed. Faster verified leasing earns higher certification tiers.

VerifiedPowered byRentEngine logo

NARPM Membership

This company is an active member of the National Association of Residential Property Managers (NARPM), engaged in its professional standards and education programs.

Verified

Customer Reviews & Ratings

Google

4.7

Based on 328 reviews

Yelp

3

Based on 2 reviews

Better Business Bureau

A+

BBB and Yelp ratings are influenced by ads or paid accreditation. They are still shown for transparency but don't affect TrueMatch™ score.

Homeowner Survey Results

Data last updated on 02/10/2026, 9:45 PM CST

Overall Satisfaction?
9.6/10
Leasing Performance?
8.9/10
Maintenance Cost Value?
7/10
Top 20%
Accounting & Financial Reporting?
9.4/10
Top 20%
Vacancy Time?
8/10
Top 20%
Maintenance Communication?
10/10
Top 30%

Company reviews

C**** S.
I’ve been with MasterKey Property Management for over six years, and they’ve made owning rental properties in the Raleigh area so much easier. They handle the leasing, the maintenance, the calls—everything—so I don’t have to stress about it. They’re easy to work with, and they really know the rental market here. If you’re looking for a solid Raleigh property manager who actually takes care of your investment, MasterKey is the one I’d recommend.
R**** D.
Communication is excellent. Response to maintenance issues is important and they do a great job repairing or following up with tenant. Repairs are done quickly. I have not had any complaints from my tenants..

Frequently Asked Questions

Are you licensed?

Yes, in North Carolina you are required to have a current North Carolina Real Estate Brokers License in order to do Property Management.

Can you put the money directly into my account?

Yes! In fact, we do not take checks from tenants and we do not make payments via checks to owners. We use ACH payments to our owners. Just like any other direct deposit and completely secure.

How is rent collection handled?

Tenants have a secure Tenant Portal that they use to make online payments to us.

How much security deposit do you charge the tenant?

Minimum is 1 month's rent for a security deposit.

What type of reports do I get and how often?

You have access to a variety of property reports through your Owner Portal and can run them anytime at your convenience

Who holds the tenant security deposit?

MasterKey Property Management, LLC holds the security deposits in our Security Deposit Trust account.

How and when do I get my checks?

We use secure ACH payments to direct deposit payments into your designated bank account. Typically payments are processed between the 10th & 15th of the month, usually being received no later than the 13th.