Peter Lohmann's Newsletter - Tuesday Edition #27

Author

Peter Lohmann
July 28, 2026

A no-fluff, twice-weekly briefing for the property management industry.

The List of Largest Property Management Companies

Just over a year ago, I put out the call in this newsletter for readers to help build a list of the largest 3rd-party residential property management companies (to this day, I believe it is the only such list in existence).

I compiled the results at that time into a list of the largest 20.

Here were the top 10:

It’s time to update this list!

If you own a PM company of any size, submit yours here.

New for 2026: I’m expanding the list from 20 to 40, and adding top-10 by state! That means you have a GREAT chance of appearing in the rankings for your state.

Note: If you previously submitted your company, you need to re-submit to ensure accurate unit count. If you do not re-submit, your company will be removed for 2025.

One final comment. This list is self-reported. If you want your company on the list, you must submit it!

The deadline to submit is THIS THURSDAY. It only takes 2 minutes, so don’t wait.

THIS ISSUE PRESENTED BY PROFITCOACH

“Fix your marketing. Get better software. Change your fees.” 
None of that is bad advice, it's just not necessarily good advice for you.

Most advice ignores what stage your company is in, and most of you don't have a clear read on that. Every PM company moves through the same stages: survival, operational discipline, automation, systematized growth, then a business that runs without you.

ProfitCoach built their coaching program specifically around this insight. It’s built on this 3-step roadmap:

  1. Know where you are. Their framework pinpoints your place in the PM lifecycle, what's behind your pain points, and what's possible for your business.

  2. Know where you want to go. They map your predictable, quantifiable path to higher profits and build the action plan to get there.

  3. Know how to get there. They show you the exact moves for your business alongside a coach who knows you and holds you accountable.

It uses your own data to surface profit most operators never see.

It's worth a call. I've used ProfitCoach's coaching for a while now. The clarity on where RL actually stood was worth it alone. You'll leave the first conversation with at least two actions to start on immediately, plus a clear view into your numbers.

PM Company & Vendor Updates

  • PropertyManagement.com has responded the article I ran last week. Todd O posted a lengthy newsletter about them as well, after interviewing one of the founders. They’ve launched The PM Data Standard.

  • Auben Realty has acquired Peach State Property Management, adding 168 doors to the 3000+ already under management.

  • Jennifer Stoops is back at PURE (now PURE HomeRiver) after a ~2-year stint at PetScreening.

Survey: State of AI in Property Management

Curious how your fellow property managers are using AI in their business? Me too, so I’m running a survey to get us some answers.

If you operate a property management company, please take this anonymous survey.

Results will be made available for free to everyone who participates.

Why Jon and I both said “NO” to the STR loophole

Every entrepreneur eventually writes that first six-figure check to the IRS and feels sick about it. Then someone pitches the short-term rental loophole: buy an Airbnb, use the depreciation, offset your active income. Sounds great (until you read the fine print).

Jon and I spent months digging into this one, plus donor-advised funds and starting a business just for the depreciation. Turns out most of these "tax hacks" cost more in time and brain damage than they actually save. We also get into what "post-economic" really means, and why it changes the whole calculation.

Also available on Apple & Spotify

Meme Tuesday:

Love both these teams, and they’re aggressively competing against one another’s products—which is good for us property managers!

Did you miss it? 3 highlights from Friday’s Newsletter:

  1. Guest post by Jan Leasure about vibe coding.

  2. New Podcast with Steven Rea (Chief Innovation Officer at NorthPoint).

  3. The PM Trends website got a refresh.

Did someone send you this newsletter? Subscribe here.

Not interested in the Tuesday Edition? Click here to opt out. 

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.