Serenity Property Management
Lexington & Fayette County

Lexington property management for landlords who are tired of the games

Family-run. Licensed Kentucky brokers. Section 8 experienced. And we don't mark up maintenance — you pay the vendor's actual invoice.

Talk to us Call (615) 585-4086

Who this page is for

You own a rental in Lexington or somewhere in Fayette County. Maybe a University of Kentucky area house you turned into a rental, a Chevy Chase duplex, a Beaumont single-family, or a Section 8 property near downtown. Maybe you inherited it. Maybe you bought it in 2020 when interest rates were low. Either way, you're not in the business of being a landlord — you have another life.

What you actually want is someone in Lexington who picks up the phone, doesn't overcharge you on repairs, actually knows the Fayette County rental market, and files everything you need to stay compliant.

That's the whole point of Serenity in Kentucky.

Why Lexington owners choose us

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No maintenance markups

You pay the plumber, HVAC tech, or contractor exactly what they charge us. No 10% surcharge, no "coordination fee." We make money on management, not on your repairs.

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Section 8 / HAP experienced

We currently manage LHA (Lexington Housing Authority) Section 8 properties. Annual inspections, HAP renewals, tenant portion vs subsidy — we know the rhythm.

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Actually local

Not a call center in another state. Not an out-of-town franchise. Our on-the-ground manager for Kentucky properties works from Lexington and knows the market.

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Transparent monthly statements

By the 10th of every month. Every rent collected, every expense, every vendor invoice attached. No mysterious line items.

4-hour response promise

Owner calls or emails get a real reply within 4 business hours. Tenant emergencies get dispatched immediately.

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Licensed Kentucky brokers

KY law requires a licensed real estate broker for property management. We hold that license and follow the Kentucky Real Estate Authority rules.

What "no maintenance markups" actually means

A lot of Lexington property managers make most of their money on maintenance, not management. Here's the game:

The end result: your $200 plumbing repair becomes a $240 line item on your statement, and you have no way to verify it.

Serenity's model is different. We charge a straightforward management fee. Then when the plumber sends us an invoice for $200, we send you the same $200 invoice and that's what you pay. If you want to see the original invoice from the vendor, we send it. If you want to talk to the plumber directly, you can.

This isn't unusual anywhere else in the world. It just happens to be unusual in property management.

Section 8 / HAP experience in Lexington

Section 8 (Housing Choice Voucher) rentals through the Lexington Housing Authority are a real opportunity for Fayette County landlords — reliable rent payments, longer average tenancies, and lower turnover than market-rate rentals in many neighborhoods.

But Section 8 also comes with real operational requirements that trip up landlords who haven't done it before:

We manage Section 8 rentals in Lexington today. This isn't theoretical — it's an active part of our Kentucky operation. If you own a Section 8 rental or want to convert to Section 8 because your neighborhood supports it, we can walk you through the math and the operational reality.

Note on the KY tax side: If you own your Lexington rental through an LLC, Kentucky requires the LLC to register with the Kentucky Secretary of State and file the Limited Liability Entity Tax (LLET) if gross receipts exceed the threshold. Missing this is a common and expensive mistake for out-of-state owners. See our out-of-state landlord tax guide for the full breakdown.

The Lexington neighborhoods we know best

University of Kentucky area (Woodland, Aylesford, Ashland Park)

Strong rental demand year-round, high turnover due to student cycles. Best for owners comfortable with 12-month leases starting in August. Rent premiums are real if the property is walkable to campus. Vacancy risk is elevated in December/January.

Chevy Chase, Kenwick, Central Downtown

Popular with young professionals and grad students. Mixed housing stock — a lot of older homes with maintenance quirks. Owner-focused market where quick response matters because tenants have other options.

Beaumont, Palomar, Man-o-War area

Family rental market. Longer tenancies. Less turnover. Higher property taxes but stronger renewal rates. This is where most of our long-term Lexington owners have their properties.

Hamburg, Andover, Masterson Station

Newer construction, family renters, growing area. Rental demand tracks the growth of surrounding retail/employment. Slightly lower rents per square foot than closer-in neighborhoods but stronger price appreciation.

Winchester and near-Lexington markets

Case-by-case. Winchester is 20 miles from downtown Lexington but the rental economics work for some owners. We evaluate these on a per-property basis.

What our Lexington fees look like

We don't publish a rigid fee schedule because the right structure depends on your property type, whether it's Section 8 or market rate, and how much operational support you want. But here's the framework:

Call or email and we'll quote you an actual number for your specific property, in writing, before any commitment.

Frequently asked questions

Do you charge maintenance markups on Lexington rentals?

No. We bill you the actual vendor invoice. You see the original invoice from the plumber, HVAC tech, or contractor, and that's what you pay. Serenity makes money on the management fee, not on marking up your repairs.

Do you manage Section 8 / Housing Choice Voucher rentals in Lexington?

Yes. We currently manage Section 8 rentals through the Lexington Housing Authority (LHA) with deposits reconciled through Park Community Bank. We understand the annual inspection process, HAP contract renewals, tenant portion vs subsidy portion, and how the payment cycle works.

Are you licensed in Kentucky?

Yes. We hold a Kentucky Real Estate Authority firm license. All property management activities in Kentucky require a licensed real estate broker to hold trust accounts and negotiate lease terms — verify any KY property manager you consider has this license.

What Lexington neighborhoods do you serve?

All of Fayette County, with concentrations in University of Kentucky area rentals (Woodland, Aylesford, Ashland Park), Chevy Chase, Beaumont, Palomar, Andover, Hamburg, and downtown Lexington. We also serve Winchester and nearby Central Kentucky markets on a case-by-case basis.

How do you handle emergency maintenance when I live out of state?

For after-hours emergencies, tenants call our direct line. We dispatch a vetted local Lexington vendor within an hour for anything requiring immediate action. You receive a same-day summary email describing what happened and the estimated cost, so you're not surprised when the invoice arrives.

Can you help me convert a rental to Section 8?

Yes, if the property qualifies. Section 8 conversion requires the property to pass Housing Quality Standards (HQS) inspection, and the rent has to be within LHA's Fair Market Rent for the unit size and neighborhood. We can evaluate whether your property qualifies and walk you through the paperwork.

How does Serenity compare to bigger property managers like Real Property Management Bluegrass or PURE?

Bigger firms have more volume but often charge maintenance markups, use their own preferred vendor lists that inflate costs, and route calls through a central office. Serenity is smaller, family-run, and treats you like a client rather than an account number. If you want scale, use them. If you want honest and hands-on, use us.

Ready to talk about your Lexington rental?

Fifteen minutes. We'll ask you about the property, tell you what we'd charge, and if it's a fit we go from there. No sales pitch.

Get in touch

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