Stewart Property Management

What Stewart Property Management does

Stewart Property Management, Inc. is a privately held, full-service affordable housing property management company headquartered in Bedford, New Hampshire. Founded in 1988, the company manages over 110 properties across New Hampshire, Vermont, Maine, and Massachusetts, serving family, senior (aged 62+), and disabled residents through a mix of income-based (rent set at 30% of household income with government subsidy), affordable fixed-rent, and a small number of market-rate units. Property owners and tenants interact through three primary product surfaces: the core property management services, a Resident Services Portal for online rent payments and maintenance requests, and a separate Online Application Portal (spmapplication.net) for prospective residents. The company does not own the underlying real estate; it operates as a fee-based third-party manager on behalf of property owners, coordinating compliance, tenant screening, rent collection, and maintenance under HUD Section 8, USDA Rural Development, and multiple state housing finance authority programs.

Revenue mechanics derive from management fees on the managed portfolio rather than direct rental collection, though the rent structure of the underlying properties determines fee economics. Pricing across the portfolio spans three tiers: income-based rent at 30% of adjusted household income (the dominant model), affordable fixed rents below market (e.g., $890-$1,360/month at Salisbury Square Phase 2 with utilities included), and market-rate units without income limits (e.g., Saco Firehouse Lofts at $1,300+/month, Winchester Wood at $1,560-$1,750/month). Stewart's go-to-market is relationship-driven and direct, with property owners typically acquired through referrals from federal and state housing agencies rather than active outbound sales, and prospective residents routed through online listings, property search filters, and waitlist systems. The operating model depends critically on a small (11-50 employees), stable workforce with deep institutional knowledge of government housing program compliance, which the company cites as a core operational advantage.

Name

Stewart Property Management

Legal name

Stewart Property Management, Inc.

Website

https://stewartproperty.net

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Stewart Property Management is a privately held affordable housing property manager based in Bedford, NH, operating 110+ properties across four New England states for family, senior, and disabled residents under HUD, USDA-RD, and state housing finance programs.

Ownership category

akta.pro rank

Product category

Affordable Housing Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Multifamily Apartment Property Management (BPAJAFAA), Senior & Assisted Living Residential Property Management (BPAJAFAE)

Keywords

• Affordable housing management
• Property management services
• Government assisted housing
• Rental property management
• Multifamily residential management

Headquarters

HQ city

Bedford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Affordable Rental Income: Rental income from affordable housing units where rent is based on 30% of tenant household income, with government subsidies covering the difference
2. Affordable Fixed Rent Income: Rental income from properties with pre-set affordable rent levels that are below market rate but within income-qualification guidelines
3. Market Rate Rent Income: Rental income from properties with market-rate pricing, such as Winchester Wood which has no income limits

Pricing tiers

Distribution channels3 records

Marketing channels3 records

Core offering

Stewart Property Management is a full-service affordable housing management company that manages over 110 rental properties across New Hampshire, Vermont, Maine, and Massachusetts. Core offerings include family and senior/elderly housing management under HUD Section 8, USDA Rural Development, and state housing finance authority programs, supported by an online Resident Services Portal for rent payment and maintenance requests and a separate Online Application Portal for prospective residents.

Product overview

Stewart Property Management is a full-service affordable housing management company headquartered in Bedford, NH. Their portfolio consists of three core offerings: Property Management Services for over 110 properties across four states (NH, VT, ME, MA), a Resident Services Portal enabling rent payments and maintenance requests, and an Online Application Portal for prospective residents. The properties span family housing and senior/elderly housing categories with both income-based and affordable fixed-rent pricing models.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Property Management Services Full-service management of affordable housing rental properties in New Hampshire, Vermont, Maine, and Massachusetts. Includes family housing and senior/elderly (62+) housing under HUD Section 8, USDA Rural Development, and state housing finance authority programs, with services spanning tenant screening, rent collection, maintenance, compliance reporting, and regulatory coordination. Designed for low-income residents, seniors, and disabled individuals seeking affordable rental housing.
• Resident Services Portal Online portal that allows current residents to register, make rent payments, and submit maintenance requests electronically. Designed for tenants living in Stewart Property Management-managed affordable housing units.
• Online Application Portal Web-based system that enables prospective residents to submit housing applications electronically for affordable housing units managed by Stewart Property Management. Designed for applicants seeking family or senior/elderly housing in New Hampshire, Vermont, Maine, or Massachusetts.

Quantifiable outcome

• Portfolio grew from 2 properties in 1988 to 110+ properties currently managed
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core.

• US Department of Housing and Urban Development (HUD)coreStrategic or Co-development PartnerFederal agency providing housing assistance programs. Stewart Property Management manages properties with HUD Section 8 subsidies and project-based vouchers. The company coordinates with HUD for regulatory compliance and tenant rental assistance.
• US Department of Agriculture - Rural DevelopmentcoreStrategic or Co-development PartnerFederal agency providing rural housing programs. Stewart Property manages properties with USDA-RD subsidies and participates in rural development housing initiatives across New England.
• New Hampshire Housing Finance AuthoritycoreStrategic or Co-development PartnerState housing finance agency overseeing affordable housing programs in New Hampshire. Stewart Property Management maintains strong working relationships for property compliance and tenant referrals.
• Vermont State Housing AuthoritycoreStrategic or Co-development PartnerState agency managing Section 8 vouchers and project-based rental assistance in Vermont. Multiple properties feature VSHA-managed project-based vouchers. Applicants for subsidized units must apply through VSHA.
• Vermont Housing Finance AgencycoreStrategic or Co-development PartnerState agency providing financing and programs for affordable housing development and preservation in Vermont.
• Vermont Housing and Conservation BoardcoreStrategic or Co-development PartnerState board providing funding for affordable housing and conservation projects in Vermont. Supports preservation of affordable housing stock managed by Stewart Property.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stewart Property Management