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Extra Property Management is a full-service property management company working for rental owners across Princeton and the rest of Mercer County. We run Princeton rentals from our office at 354 S Broad St in Trenton — a 20-minute drive up Route 206, close enough to walk a vacant unit off Nassau Street, meet a contractor at a Canal Pointe condo, or file a notice the same day. We have earned a 4.8-star rating across 253 Google reviews doing the unglamorous work well: placing screened tenants, collecting rent on time, and keeping owners informed on a market where the stakes per unit are large.
Full-service residential, HOA & commercial management across Mercer, Middlesex, Somerset, Burlington, Hunterdon & western Monmouth NJ + Bucks County PA.
Whether you own a historic single-family home in the Western Section, a Canal Pointe condo, or a small portfolio of rentals, we handle the day-to-day so you don't have to. Our residential property management in Princeton covers the full cycle from vacancy to renewal — and on a market where a single house can be worth well over $1.5M, doing it correctly matters.
Acting as your leasing agent, we market your unit across the major rental portals, show it, and run full tenant screening on every applicant — credit, income verification, eviction history, and prior-landlord references. Princeton University's graduate students, postdocs, and faculty turn over every year, and the Route 1 pharma and finance corridor keeps qualified applicant demand strong, so our tenant placement services can hold out for a tenant who pays and stays.
Tenant screening processTenants pay through an online portal with automatic reminders and late-fee enforcement, and we deposit your net proceeds by direct transfer with a clear monthly statement. On a Princeton market where asking rents on newer units run north of $4,000 a month, a single missed payment is real money — so if a payment slips, we act on it immediately.
Rent collection servicesPrinceton's owner stock leans toward older, higher-value homes — historic Colonials, Tudors, and Victorians alongside newer condos and townhomes — and expensive houses need attentive upkeep. We coordinate repairs through vetted local vendors, hold to a spending threshold you approve in advance, and give tenants a 24/7 way to report issues so small problems get fixed early.
We document move-in and move-out condition with photos, run periodic interior and exterior checks, and coordinate the Certificate of Occupancy inspection Princeton requires before any unit may be rented or re-rented under its Housing Code. Consistent inspections protect your security-deposit position, keep you compliant with the Office of Rental Housing Inspections, and catch violations early.
If a tenancy goes wrong, Princeton eviction cases are filed with the Landlord/Tenant Section of the Mercer County Special Civil Part in Trenton, and New Jersey's Anti-Eviction Act limits removals to specific just causes. We manage the process end to end — notice, filing, and court coordination — and our screening is designed to keep you out of that courtroom in the first place.
Eviction servicesYou get itemized monthly statements, year-end summaries built for your accountant, and on-demand access to every invoice and lease document through the owner portal. Princeton is a classic relocation-landlord town, so we handle plenty of property management for out of state owners and investors treating a Princeton house as an investment property — transparency is the difference between owning a rental and worrying about one.
Princeton is known for detached homes, but a real share of its rental inventory sits in HOA- and condo-governed communities — Canal Pointe off Alexander Road, Governors Lane, Palmer Square, and planned developments like Ettl Farm and Griggs Farm. We provide HOA and condo association management — dues collection, vendor and common-area oversight, budget and reserve support, and board reporting — and we manage individual condo and townhome rentals inside these associations, coordinating with boards on leasing caps and tenant registration. Explore our HOA management services.
Princeton is a high-value, university-anchored town of roughly 15,000 households where renting is more common than in most Mercer County suburbs: about 39% of occupied homes are renter-occupied — roughly 5,600 renter households against 8,900 owner-occupied — driven by Princeton University's large graduate-student and young-professional population. Two rent numbers matter. The Census "typical rent paid" figure sits near $2,358 a month across all rental stock, but current market asking rents run far higher: trackers put the median market rent around $3,800, with new-build 2-bed units listing around $4,400. A good rental market analysis for a Princeton property starts from current asking rents, not the lagging Census average.
Two forces shape demand. First, Princeton University is the town's dominant employer, and its graduate students, postdocs, and staff turn over annually, while the Route 1 corridor adds pharma and corporate tenants from Bristol Myers Squibb and Penn Medicine Princeton Medical Center in adjacent Plainsboro. Second, transit: the "Dinky" — the shortest scheduled commuter rail line in the country — links downtown to Princeton Junction on NJ Transit's Northeast Corridor, putting New York and Philadelphia within a rail commute and making Princeton attractive to professionals who rent rather than buy into a $1.5M-plus sale market. The dominant rental property types are condos, townhomes, and investor-held single family homes rather than large apartment complexes — a few small apartment building holdings exist, but this is not a garden-complex town. And be clear-eyed about short-term rentals: Princeton effectively bars whole-house investor Airbnb, so the realistic opportunity here is long-term leasing.
Princeton runs an active Office of Rental Housing Inspections. Every unit rented or held for rent must be registered by the owner with the municipal rental housing coordinator, and no unit may be rented or occupied without a Certificate of Occupancy / compliance certificate confirming it meets the Princeton Housing Code (which adopts the NJ State Housing Code). Failing to register, giving false information on a registration form, or collecting rent on an unregistered unit each count as separate violations. Princeton also heavily restricts short-term rentals: an STR (a lease under 30 days) must be registered and permitted, and only owners whose principal residence is the property may run one — so pure investor Airbnb is effectively off the table, and the practical play is 30-day-plus leasing.
On top of the local rules, New Jersey's statewide obligations apply: the Landlord Registration Statement under N.J.A.C. 5:10, the Truth-in-Renting Act (give qualifying tenants the DCA statement in buildings of three or more units), the security-deposit law (maximum one and one-half months' rent in a separate interest-bearing account), and the Anti-Eviction Act's just-cause standard. We handle the Princeton rental registration and Certificate of Occupancy inspections, the state landlord registration, tenant disclosures, and deposit compliance for you — an unregistered unit or a missed disclosure is exactly the exposure a manager exists to prevent.
Search for the best property management company in Princeton NJ and you'll find an entrenched local name or two and plenty of statewide firms that manage the town from a distance. We take a different approach: a genuinely local team, a Trenton office 20 minutes from Nassau Street, and a 4.8-star reputation built on 253 real Google reviews — the largest, most current review moat of any manager in this market. Where a single rental can be a $1.5M-plus asset, hire for proven service and hands-on local presence, not a call center.
I've been using Extra Property Management for some time now and honestly, they've made owning a rental so much easier. They take care of everything, from dealing with tenants to making sure the property is looked after.
I had a wonderful experience renting my home through Extra Property Management. The whole process was smooth, professional, and stress-free. The team was always responsive, helpful, and made everything easy. Highly recommend!
I had a few properties that became too much for me to handle on my own, but Extra Property Management did an amazing job. They helped me with everything, keeping track of the details, and taking care of my tenants with respect.
Most full-service property managers in the Princeton and greater Mercer County market charge between 8% and 10% of collected rent for ongoing management, plus a one-time tenant-placement fee that typically runs from half a month to a full month's rent. We publish our property management fees up front in a free rental analysis so you can compare honestly rather than guess — affordable, flat-rate management with no surprise line items, which on Princeton's high rents keeps a real share of the income in your pocket.
"Best" comes down to local knowledge, responsiveness, and a track record you can verify. Extra Property Management holds a 4.8-star rating across 253 Google reviews, works Princeton from a Trenton office 20 minutes away, and handles residential rentals, condo and HOA communities like Canal Pointe, and Princeton's rental-registration compliance. We'd rather earn your business with a straight rental analysis than a sales pitch.
Mostly no. Princeton restricts short-term rentals heavily: an STR is a lease under 30 days, must be registered and permitted, and only an owner (or long-term lessee) whose principal residence is the property may operate one. Pure investor, whole-house Airbnb is effectively barred. For that reason we don't market Airbnb management in Princeton — the realistic, compliant path is long-term (30-day-plus) leasing, which is what we do.
Yes. Even though Princeton is known for detached homes, much of its actual rental supply sits in condo and HOA communities like Canal Pointe, Governors Lane, and Palmer Square, plus planned developments such as Ettl Farm and Griggs Farm. We provide HOA and condo association management — dues, vendors, budgeting, and board reporting — and manage individual condo and townhome rentals inside them, coordinating with boards on leasing caps and tenant registration.
We do. Princeton eviction cases are filed with the Landlord/Tenant Section of the Mercer County Special Civil Part in Trenton, at 175 S. Broad Street, under New Jersey's Anti-Eviction Act — there is no separate Princeton landlord-tenant court. We manage notice, filing, and court coordination from start to finish, though our upfront tenant screening is built to keep you out of that process in the first place.
Constantly. Princeton is a relocation-landlord town — owners who take a job elsewhere and rent the house rather than sell into a $1.5M-plus market. Our owner portal, monthly statements, and hands-on local team mean an out-of-state owner never has to fly in to manage a problem. We handle showings, maintenance, the Princeton rental registration, and everything in between.
Find out what your Princeton property should rent for at today's asking rents, and exactly what full-service management would cost — no obligation. Call 609-800-2060 or request your free rental analysis below.
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Princeton sits inside our home county — see our full Mercer County property management coverage for the county-wide picture. We also serve West Windsor, home to Princeton Junction and the Dinky's Northeast Corridor connection; Hamilton Township, the larger neighbor with its own rail station and a deeper rental base; Lawrence Township, between Princeton and the Trenton line along Route 206; and Robbinsville, the newer-stock township a short drive east. Owners comparing services can also read about our landlord services, our tenant screening, rent collection, and eviction services.