Legacy Properties

What Legacy Properties does

Legacy Properties, LLC is a privately held residential property management company headquartered at 288 W Haley Springs in Bozeman, Montana, serving the Gallatin Valley area. Founded in 2011 and placed under new co-ownership in 2018 (Sarah Laulainen and Kathi Thorson), the firm operates as a certified, independent property manager licensed with the Montana Board of Realty Regulation. The company runs two core service lines from a single six-person office: rental property management for individual landlords and investors (tenant placement, rent collection, maintenance coordination, owner reporting), and HOA/COA management for homeowner associations (administrative, financial, and maintenance services balancing boards and residents). The buyer base is concentrated in Gallatin Valley property owners, residential renters, and HOA communities, all reached through a direct-to-consumer local go-to-market that leans on community referrals, an MSU alumni network, and a basic web presence.

The technology layer is built almost entirely on third-party SaaS rather than proprietary systems. Appfolio is the operational backbone for owner and tenant portals, available rental listings, and the bulk of HOA online dues collection. Zego/Paylease supplements Appfolio for select HOA communities with a parallel payment-processing flow. The consumer-facing website is built on Wix. No proprietary software, AI/ML capabilities, mobile app, or data assets are disclosed in the source material. Legacy Properties monetizes through recurring management fees on rentals and HOAs (specific rates are not publicly disclosed) plus transaction-based payment-processing fees of $2.95 per ACH and 3-3.75% per credit card transaction, the latter passed through to renters and HOA owners.

Operationally, Legacy Properties is a small, single-market services business without external funding, M&A activity, or disclosed customer counts. Its differentiators are local Gallatin Valley tenure among the ownership team, personal service, and community reputation (including a 2025 Bozeman's Choice recognition), with growth, if any, dependent on the underlying Bozeman housing market rather than technology leverage or geographic expansion.

Name

Legacy Properties

Legal name

Legacy Properties, LLC

Website

https://bozemanlegacy.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Legacy Properties is a Bozeman, Montana-based residential property management company serving the Gallatin Valley area with rental management and HOA/COA services for individual property owners, renters, and homeowner associations, using Appfolio and Zego/Paylease for owner/tenant portals and online payments.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Residential property management
• Rental management services
• HOA management
• Tenant placement services
• Homeowner association administration

Headquarters

HQ city

Bozeman

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Rental Property Management Services: Ongoing property management services for residential rental properties including tenant placement, rent collection, maintenance coordination, and financial reporting. Revenue generated through property management fees, likely as a percentage of rent or flat monthly fee (specific rates not publicly disclosed).
2. HOA/COA Management Services: Administrative, financial, and maintenance management services for homeowner associations. Provides balance between HOA boards and their communities.
3. Payment Processing Fees: Transaction fees from processing online payments for renters and HOA members. $2.95 per ACH transaction; 3-3.75% per credit card transaction.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Legacy Properties is a licensed residential property management company serving Gallatin Valley, Montana. It provides end-to-end rental property management for landlords and administrative, financial, and maintenance management for homeowner associations (HOAs), supported by Appfolio-powered tenant/owner portals and online rent/dues payment processing.

Product overview

Legacy Properties is a certified, independent Residential Property Management Company serving Gallatin Valley since 2011 (new ownership in 2018). The company offers two core service lines: Rental Management for landlords and HOA Management for homeowner associations. These services are supported by web-based portal technology through Appfolio for owner and tenant access, integrated payment processing via Paylease/Zego for HOA dues, and available rental listings. The company is fully insured and licensed with the Montana Board of Realty Regulation.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Management Full-service rental property management for residential landlords in the Gallatin Valley area, covering tenant screening and placement, rent collection, maintenance coordination, financial reporting, and 24/7 owner/tenant portal access for account management and online payments.
• Home Owner Association (HOA) Management Administrative, financial, and maintenance management services for homeowner and community associations (HOAs/COAs) in Gallatin Valley, providing balance between HOA boards and their communities, online dues collection, and account activity access through Appfolio and Zego/Paylease payment platforms.

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

One partnership is on record.

• AppfoliocoreTechnology or IntegrationPrimary property management software platform provider. Legacy Properties uses Appfolio for tenant/owner portals, rental listings, HOA management, and online payment processing. Provides the core technology infrastructure for their property and association management operations.

Scale indicators1 record

Recent moves7 records

Expansion highlights3 records

Direct peers

• Associa: One of the largest HOA and community association management companies in the US. Comparable to Legacy's HOA management offering and useful as a benchmark for what scaled HOA operations look like.
• HomeRiver Group: Residential property management company operating across multiple US markets with both single-family rental and HOA services. Closely comparable service mix to Legacy, with similar recurring fee-based economics.
• Mynd: Tech-enabled residential property management company serving small and mid-sized landlords. Comparable to Legacy in serving individual investors with single-family and small multifamily rentals, though with a more centralized tech platform.
• Cobalt Property Management: Regional residential property management firm serving owners and HOAs in the Western US. Comparable service mix and SMB customer profile to Legacy, with similar reliance on local market knowledge.
• FirstService Residential: Large North American residential property and HOA management company. Directly comparable to Legacy because it provides the same dual service lines (rental management for owners and HOA/community management) Legacy offers, just at significantly larger scale.
• Pinnacle Property Management: Residential property management company serving individual owners and HOA communities in mountain/Western US markets. Comparable to Legacy in focusing on local markets with high resort and second-home exposure similar to Gallatin Valley.
• Real Property Management (RPM): Franchised residential property management network providing rental and HOA services through locally owned offices. Direct comparable because local franchisees serve the same SMB owner and HOA customer segments as Legacy.
• PMI (Property Management Inc): National franchise network of residential property management offices serving landlords and HOA clients. Comparable service offering and target customer profile, with a franchise-driven local presence similar to how Legacy operates in Bozeman.

Broad incumbents

• Greystar: Largest multifamily property management and real estate company in the US. Useful as a broad incumbent benchmark for property management operating models, though Legacy operates at materially smaller scale and on residential/HOA rather than large multifamily assets.

Others

• AppFolio: Property management software platform that Legacy uses as its core technology stack for owner/tenant portals, listings, HOA management, and payments. Not a competitor but a key ecosystem dependency and a useful benchmark for the underlying tech layer Legacy runs on.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bozemanlegacyproperties/?timeline_context_item_type=intro_card_work&timeline_context_item_source=745787617

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 Legacy Properties