15 Largest Property Management Companies [2024 Master List]

The property management industry is crucial for efficiently overseeing and maintaining real estate properties. To meet the needs of investors and property owners, it is essential to identify the largest property management companies.

This article presents the 'Largest Property Management Companies [2024 Master List]' which provides an overview of the leading players in the industry. These companies have extensive portfolios, managing a significant number of units or vast commercial spaces.

Delve into this master list to gain valuable insights into these industry giants and their capabilities.

Key Takeaways

• Greystar Real Estate Partners is the largest property management company, managing between 600,000 to 800,000 doors.
• Property management companies charge around 10% of rental income for their services.
• DoorLoop is a property management software that offers features like rent collection, maintenance management, accounting tools, and tenant communications.
• DoorLoop provides a cost-effective alternative to hiring a property management company, with access to all its features at a lower cost.

Greystar Real Estate Partners

Greystar Real Estate Partners is one of the largest property management companies, managing over 728,910 units. With such a vast portfolio, Greystar has established itself as a prominent player in the industry. The company's success can be attributed to its commitment to providing exceptional service and delivering value to its clients.

Greystar Real Estate Partners offers a comprehensive range of services that encompass all aspects of property management. From marketing and leasing to maintenance and financial management, Greystar ensures that every property under its management is operating at its full potential.

One of the key strengths of Greystar is its ability to scale and adapt to the evolving needs of its clients. The company leverages its extensive network and industry expertise to optimize operations and drive profitability for property owners. Greystar also prioritizes tenant satisfaction, implementing strategies to enhance the living experience and foster a sense of community within its managed properties.

In addition to its impressive portfolio and comprehensive services, Greystar Real Estate Partners prioritizes sustainability and environmental responsibility. The company actively incorporates green initiatives and sustainable practices into its operations, contributing to a more sustainable future for the communities it serves.

Lincoln Property Co

Lincoln Property Co is a highly reputable property management company that consistently provides exceptional service and expertise in the industry. With a portfolio of 210,183 units, Lincoln Property Co has established itself as one of the largest multifamily property management companies in the market. They are known for their commitment to delivering outstanding results and maintaining strong relationships with their clients.

One of the key strengths of Lincoln Property Co is their ability to effectively manage a diverse range of properties, including residential, commercial, and mixed-use developments. They have a team of experienced professionals who are well-versed in the intricacies of property management, ensuring that every aspect of a property's operation is handled with utmost care and attention to detail.

Lincoln Property Co's services encompass a wide range of responsibilities, including leasing, marketing, maintenance, and financial management. They have a proven track record of maximizing the value of their clients' properties by implementing strategic leasing strategies, conducting regular property inspections, and ensuring timely and cost-effective maintenance and repairs.

In addition to their expertise in property management, Lincoln Property Co also prioritizes customer satisfaction. They understand the importance of effective communication and strive to build strong relationships with tenants, property owners, and investors. This commitment to exceptional service sets them apart in the industry and contributes to their continued success and growth.

Cushman & Wakefield

Cushman & Wakefield is another prominent property management company in the industry, offering a wide range of services to effectively manage properties and provide exceptional results for their clients. With their extensive experience and expertise, Cushman & Wakefield has become a trusted name in property management.

One of the key strengths of Cushman & Wakefield is their ability to tailor their services to meet the specific needs of each client. They understand that every property is unique and requires a customized approach. Whether it's residential, commercial, or industrial properties, Cushman & Wakefield has the knowledge and resources to handle them all.

Cushman & Wakefield excels in various aspects of property management, including tenant relations, maintenance coordination, financial management, and property marketing. They prioritize clear and consistent communication with both property owners and tenants to ensure smooth operations and tenant satisfaction.

In addition, Cushman & Wakefield stays up-to-date with the latest industry trends and technologies. They leverage innovative tools and software to improve efficiency and provide real-time insights to their clients.

Bozzuto

Bozzuto is a prominent property management company known for its comprehensive and professional services in the industry. With a portfolio of 80,317 units, Bozzuto has established itself as a trusted name in the multifamily property management sector.

Here are three reasons why Bozzuto stands out:

1. Exceptional Customer Service: Bozzuto prioritizes customer satisfaction and goes above and beyond to exceed expectations. Their attentive and responsive staff ensure that residents receive top-notch service and have a pleasant living experience.
2. Innovative Technology Solutions: Bozzuto utilizes cutting-edge technology to streamline operations and enhance efficiency. From online rental portals to digital maintenance requests, their tech-driven approach simplifies processes for both tenants and property owners.
3. Sustainable Practices: Bozzuto is committed to sustainability and incorporates eco-friendly initiatives into their properties. They prioritize energy-efficient designs, waste reduction, and green building practices to minimize environmental impact.

Bozzuto's dedication to delivering exceptional service, embracing technology, and promoting sustainability sets them apart in the property management industry. Whether you are a resident or a property owner, Bozzuto's expertise and commitment to excellence make them a reliable choice for all your property management needs.

BH Cos

Continuing the discussion on notable property management companies, BH Cos has established itself as a prominent player in the industry with its impressive portfolio of 90,926 units. With a focus on multifamily properties, BH Cos offers a wide range of services to property owners and investors. Their commitment to excellence and attention to detail have earned them a reputation for delivering exceptional results.

BH Cos provides comprehensive property management solutions, including leasing, marketing, maintenance, and financial management. Their team of experienced professionals works closely with clients to develop customized strategies that maximize property value and revenue. From tenant screening to rent collection, BH Cos ensures that all aspects of property management are handled efficiently and effectively.

In addition to their extensive portfolio, BH Cos is known for its commitment to customer service. They prioritize the needs and satisfaction of both property owners and tenants, fostering positive relationships and maintaining high occupancy rates. Their dedication to maintaining property standards and enhancing the overall living experience sets them apart in the industry.

CBRE Group, Inc

CBRE Group, Inc, a leading commercial property management company, has established itself as a prominent player in the industry with its impressive portfolio of 6,800 million square feet. With such a vast amount of space under its management, CBRE Group, Inc has proven its expertise in handling commercial properties of various sizes and types.

Here are three reasons why CBRE Group, Inc stands out in the property management industry:

1. Extensive Global Presence: CBRE Group, Inc operates in over 100 countries, allowing it to offer its services on a global scale. This extensive reach ensures that clients can rely on CBRE Group, Inc to effectively manage their properties, no matter where they are located.
2. Comprehensive Services: CBRE Group, Inc provides a wide range of property management services, including leasing, asset management, facility management, and project management. This comprehensive approach allows clients to streamline their property management needs and rely on CBRE Group, Inc as a one-stop solution.
3. Cutting-Edge Technology: CBRE Group, Inc leverages innovative technology to enhance its property management services. From advanced data analytics to predictive maintenance systems, CBRE Group, Inc ensures that its clients benefit from the latest technological advancements in the industry.

With its extensive portfolio, global presence, comprehensive services, and commitment to technological innovation, CBRE Group, Inc remains a top choice for commercial property owners and investors seeking reliable and efficient property management solutions.

Colliers International

Colliers International demonstrates expertise and excellence in property management with its extensive portfolio and commitment to client satisfaction. As one of the largest commercial property management companies, Colliers International manages a staggering 2,060 million square feet of commercial space. With such a vast portfolio, they have proven their ability to handle the complexities and challenges of managing commercial properties effectively.

Colliers International's success can be attributed to their dedicated team of professionals who possess in-depth knowledge and experience in property management. They understand the unique needs and requirements of their clients and strive to deliver tailored solutions that meet their expectations.

In addition to their expertise, Colliers International also places a strong emphasis on client satisfaction. They prioritize open communication and collaboration, ensuring that clients are involved in the decision-making process and are always kept informed. By fostering strong relationships with their clients, Colliers International ensures that their services align with the clients' goals and objectives.

Newmark Knight Frank

Newmark Knight Frank is a prominent player in the property management industry, known for its expertise and extensive portfolio. Here are three key aspects that make Newmark Knight Frank stand out:

1. Wide Range of Services:

Newmark Knight Frank offers a comprehensive range of property management services, catering to various sectors such as commercial, residential, and industrial properties. Their diverse expertise allows them to handle different types of properties, ensuring efficient management and maximizing value for clients.

1. Global Presence:

With a global network of offices spanning across major cities worldwide, Newmark Knight Frank has a strong international presence. This global reach enables them to provide localized property management solutions tailored to the specific needs of each market. Their extensive network also offers clients access to a wide range of resources and industry insights.

1. Client-Centric Approach:

Newmark Knight Frank places a strong emphasis on building long-term relationships with their clients. They prioritize understanding their clients' goals and objectives, and then develop customized property management strategies to meet these needs. Their client-centric approach ensures that they consistently deliver exceptional service and exceed client expectations.

Avison Young

Avison Young is one of the largest property management companies, known for its expertise and extensive portfolio in the industry. With a focus on commercial property management, Avison Young has established itself as a trusted partner for clients seeking professional property management services. The company manages a staggering 368 million square feet of commercial space, placing it among the top players in the market.

What sets Avison Young apart is its commitment to delivering exceptional service and tailored solutions to meet the unique needs of each client. The company employs a team of experienced professionals who possess in-depth knowledge of the industry and strive to deliver value-added services that maximize the return on investment for property owners.

Avison Young's comprehensive approach to property management encompasses a wide range of services, including lease administration, financial management, maintenance and repairs, tenant relations, and strategic planning. By leveraging their expertise and industry connections, Avison Young is able to optimize the performance of properties under their management and create sustainable value for their clients.

DoorLoop Property Management Software

Continuing the discussion from the previous subtopic, let's now shift our focus to DoorLoop Property Management Software, a comprehensive solution for simplifying property management tasks. DoorLoop offers a range of features that can streamline property management processes and save time and money.

Here are three key benefits of using DoorLoop:

1. Increased Efficiency: DoorLoop provides a centralized platform for all property management tasks, including rent collection, maintenance management, accounting tools, and tenant communications. This eliminates the need for manual, time-consuming processes and allows property managers to handle everything in one place.
2. Improved Tenant Relations: With DoorLoop's tenant portal, tenants can easily make rent payments and fulfill their responsibilities. The software also offers automatic recurring payments and late payment reminders, ensuring timely rent collection. Additionally, the communication tools and CRM platform help to maintain transparent and efficient communication with tenants.
3. Cost-Effective Solution: DoorLoop can be a cost-effective alternative to hiring a property management company. With access to all the features at a lower cost, property owners can save money while still effectively managing their properties.

QuickBooks for Property Management Accounting

QuickBooks is a powerful tool for property management accounting. It provides a user-friendly interface and a range of features that can streamline financial processes for property managers. With QuickBooks, property managers can easily track income and expenses, generate reports, and manage budgets.

To give you a better understanding of the capabilities of QuickBooks for property management accounting, here is a table highlighting its key features:

By using QuickBooks for property management accounting, property managers can gain better visibility into their financials, make informed decisions, and ensure accurate record-keeping. Additionally, QuickBooks offers integrations with other property management software, allowing for seamless data transfer and workflow automation.

Fair Market Rent and Its Benefits

Fair Market Rent plays a crucial role in determining rental prices and ensuring fair compensation for property owners. Here are three benefits of Fair Market Rent:

1. Equitable Rental Prices: Fair Market Rent helps establish rental rates that are fair and reasonable for both landlords and tenants. By considering factors such as location, property size, amenities, and market conditions, Fair Market Rent ensures that landlords receive adequate compensation for their investment while also preventing tenants from being overcharged.
2. Market Stability: Setting rental prices based on Fair Market Rent promotes market stability. When rental prices are determined by market forces, it reduces the likelihood of price fluctuations and prevents extreme price disparities. This stability benefits both landlords and tenants by providing predictability and reducing the risk of sudden increases or decreases in rental rates.
3. Tenant Protection: Fair Market Rent protects tenants from being charged unfairly high rents. By establishing a standard for rental prices, it helps prevent price gouging and ensures that tenants have access to affordable housing options. This protection is especially important in areas with high demand and limited housing supply, where tenants may be vulnerable to exploitation.

Tools for Simplifying Property Management

To simplify property management, utilizing efficient tools is essential. Property management can be a complex and time-consuming task, but with the right tools, it can be streamlined and made more efficient.

One such tool is property management software, which provides a centralized platform for all property management tasks. This software, such as DoorLoop, offers features like rent collection, maintenance management, accounting tools, and tenant communications. With a tenant portal for rent payment and other responsibilities, automatic recurring payments, and late payment reminders, property managers can save time and ensure timely payments.

Additionally, a maintenance management system with workflows and vendor assignment helps track and manage maintenance requests effectively. Accounting tools provided by the software assist in tracking, managing, and paying finances, simplifying the financial aspect of property management.

Communication tools and a CRM platform centralize tenant communications, making it easier to stay in touch and address any concerns promptly.

Benefits of Hiring a Property Management Company

Hiring a property management company offers numerous advantages for property owners. Here are three benefits that make it a worthwhile investment:

1. Time and Stress Relief: Managing a property can be time-consuming and stressful. Hiring a property management company allows owners to free up their time and focus on other aspects of their lives or businesses. Property managers handle tasks such as tenant screening, rent collection, maintenance requests, and dealing with tenant issues, saving owners from the hassle and stress.
2. Professional Expertise: Property management companies have the knowledge and experience to effectively manage properties. They are well-versed in rental laws, market trends, and tenant management. With their expertise, they can help owners maximize rental income, find quality tenants, and handle legal matters efficiently.
3. Cost-Effective Solutions: While property management companies charge a fee, their services can actually save owners money in the long run. They have access to professional networks and resources, enabling them to negotiate better prices for maintenance and repair services. Additionally, they have systems in place for rent collection and accounting, reducing the risk of financial errors and late payments.

Conclusion

In conclusion, the largest property management companies identified in the 2024 master list play a significant role in efficiently overseeing and maintaining real estate properties.

These industry giants have established themselves through extensive portfolios and the management of numerous units or commercial spaces.

For investors, property owners, and those interested in the property management landscape, this comprehensive resource provides valuable insights into the scale and capabilities of these top players in the field.