Property Management Industry Statistics
There are 300,000 property management firms in USA with average of 1 staff per firm, around 300,000 people working in the industry servicing around 10 landlords per firm and 3 million landlords in total. The size of the property management market is around $100 billion.
Top Property Management Companies
- Greystar: 700,000 units.
- Lincoln Property: 200,000 units.
- Cushman & Wakefield: 170,000 units.
- FPI Management: 140,000 units.
- Asset Living: 100,000 units.
Top Property Management Software Companies
- RealPage (revenue USD 1.7 Billion)
- Yardi Systems (revenue USD 1.3 Billion)
- AppFolio (revenue USD 623.29 Million)
- Entrata (revenue USD 446.6 Million)
- Buildium (revenue USD 50 Million)
- PropertyCard (pre-revenue, AUM USD 50 Million)
Key Statistics
- 10 million landlords.
- 300,000 management firms.
- 51% of landlords hire managers.
- 8-12% typical monthly management fees.
- California has the most management companies (50,000)
Leave a Reply