Peter Lohmann's Newsletter - Issue #143

Top 20 Largest PM Companies, Zillow-Google Partnership, My Favorite Newsletters

Author

Peter Lohmann
May 23, 2025

A no-fluff weekly publication for the property management industry.

The Largest Property Management Companies

Who are the biggest 3rd party PM companies in the USA, and how many doors do they manage?

I had wondered about this for years, and last year I finally decided to see if I could find out. I put out the call to newsletter readers and asked anyone with a sizable firm to submit their data. The result was a big, beautiful list of the top 20 firms in 2024.

Well, it’s been over a year and I’m thrilled to announce the 2025 list has been finalized. My increased reach means a more accurate list, with much bigger companies. Here are the top 10 (click through to my blog for full list of 20, plus all kinds of fun data that I collected for the first time this year):

Congratulations to the largest PM companies 2025!

What other details would be interesting to know for this list? I can expand the questions I ask next time.

Thanks again to everyone for submitting their data for this list, even those who didn’t make the top 20. I believe it’s extremely relevant for our industry to have some sense of who the largest companies are, what they’re up to, and the basics of how they operate.

THIS ISSUE IS PRESENTED BY RENTVINE

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Newsletters I Actually Read, May 2025

Do you like good newsletters? Apparently you do, and so do I.

Here are the ones I’m actually reading in May of 2025, in no particular order:

  1. m. stanfield - Anonymous fair housing guy, but he’s exceptionally knowledgeable & experienced. Yesterday he wrote a great one “The end of Section 8?!”

  2. Thomas Kopelman’s newsletter - Practical tax planning & finance advice for business owners. Thomas is my financial advisor and I’m SUPER picky about who I take money advice from. He’s actually good (despite tweeting about bitcoin once in a while).

  3. The Promote - A funnier version of my newsletter for commercial real estate junkies and New York RE people. Usually something good in each one.

  4. The Print - News from the broader RE & PropTech world.

  5. Lazy Leverage - Jon Matzner’s newsletter is a must-read for any business owner, even though he does the every-sentence-is-a-paragraph brainrot thing I hate. See also our podcast by the same name.

  6. PMAssist Industry Insights - Todd O’s excellent, data-driven property management newsletter. Really cool that it’s free with ads now; I wonder who suggested he move to that model?

  7. KnowYourHome Newsletter - Written by a structural engineer (my biz partner Adam). Detailed and practical advice relevant to anyone who owns a house.

  8. Mark’s Newsletter - Mark Brower is a genuine and analytical guy who writes authentically about his PM journey to 600 doors. Theme = mindsets.

  9. Jordan Muela’s Newsletter - Industry analysis and commentary for property managers that is second-to-none. The OG of PM newsletters.

New Property Management Companies For Sale This Week

Looking to buy or expand your PM business? Partner with Live Oak Bank’s Property Management Lending Team* to accelerate & scale your growth. Their specialized financing solutions can help you move forward with confidence.

  • Here is a property management company for sale in Springboro, OH (asking $837k, 300 units)

  • Here is a property management company for sale in Ontario, OR (asking $452k)

  • Here is an STR property management company for sale in Clearwater, FL (asking $2.3M, 100 STR units, 12 LTR units)

  • Here is a property management portfolio for sale in Indianapolis, IN (asking $50k, 33 units)

  • Here is a property management company for sale in Santa Clara County, CA (asking 2.2M)

Industry News & Events

Closing Thought

source unknown

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Stats from last week’s issue:

Valid Recipients: 15,329

Open Rate: 65.0%

Clickthrough Rate: 4.3%

Most Popular Link (132 clicks): April 2025 Rental Owner Leads down 79%

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The content of this newsletter is for informational purposes only and does not constitute professional advice. I may have consulting agreements with, or financial interests in, companies mentioned in this newsletter. Additionally, some of the links included in this newsletter are affiliate links, meaning I may earn a commission if you make a purchase through these links. Always perform your own due diligence before making any financial or business decisions. *Affiliate link.