ResProp Management

What ResProp Management does

ResProp Management is a privately held third-party property management firm specializing in multifamily residential properties. Founded in 2005 by Peter Rex (originally as InvestRes) and rebranded to ResProp in September 2018, the company shifted from an investment-and-operations model to a pure third-party management focus. Headquartered in Austin, Texas, ResProp employs 500+ team members and manages 20,000+ apartment homes across 100+ properties in 21 metropolitan areas spanning Texas, Florida, South Carolina, Tennessee, and North Carolina. The company serves multifamily property owners, investors, and investment firms, generating revenue through negotiated management fees on multi-year contracts.

ResProp's service platform centers on full-service property management (day-to-day operations, resident retention, revenue optimization, and NOI maximization) and is supplemented by construction management for capital expenditure and renovation projects, marketing services for lease-up and resident acquisition, and the BizTech 2-year talent development program. The operations model is regionally structured with named regional directors responsible for defined territories and a span-of-control discipline that caps regional manager oversight at fewer than 1,500 units, 5-7 assets, and 3 or fewer ownership groups. ResProp deploys a Coupa procure-to-pay system and an IDCore vendor compliance program for back-office procurement and vendor management.

The go-to-market is direct and consultative: property owners and investment firms engage through regional directors covering Texas (Mike Hanrahan, Luke Leins, Alexander Pankow), Florida/Tennessee/North Carolina/South Carolina (Trent Davis), and other territories. The customer base consists of enterprise real estate investment sponsors including Mayfair Investment Partners, Prism Multi Family Group, and acquisitions teams at peer firms. Recent strategic actions include a January 2026 expansion via an Orange Capital Advisors partnership in South Carolina and the April 2022 capital raise of approximately $14.29M. The company has been recognized as one of Austin Business Journal's Best Places to Work in 2024 and 2026.

Name

ResProp Management

Legal name

ResProp Management

Website

https://respropmanagement.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

ResProp Management is a privately held third-party property management firm serving multifamily residential owners and investors. It manages 20,000+ apartment homes across 100+ properties in 21 metros spanning Texas, Florida, South Carolina, Tennessee, and North Carolina, offering property, construction, and marketing services.

Ownership category

akta.pro rank

Product category

Multifamily 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

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Multifamily property management
• Third-party property management
• Residential real estate services
• Construction management services
• Apartment asset management

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Third-Party Property Management Services: Full-service property management for multi-family residential properties owned by third-party investors and investment firms. Revenue generated through management fees from property owners.
2. Construction Management Services: Construction management for renovation and capital expenditure projects, including planning, budgeting, and execution support for property improvements.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ResProp Management provides full-service third-party property management for multi-family residential properties owned by investors and investment firms. Service scope covers day-to-day operations, resident retention, revenue and NOI optimization, on-site management, and proactive owner communication. The offering is supplemented by construction management for renovation and CAPEX projects and by property marketing services for lease-up and resident acquisition.

Product overview

ResProp Management is a third-party property management firm offering a unified service platform focused on multifamily residential property operations. The core offering is full-service property management, supplemented by construction management (including CAPEX project planning, budgeting, and execution), marketing services, and the BizTech talent development program. The company manages over 19,000 apartment homes across Florida, Texas, South Carolina, Tennessee, and North Carolina, with operational bases in Texas and Florida. Their approach emphasizes revenue growth, retention optimization, and NOI maximization through an operations-first mentality, with regional managers maintaining on-site presence and smaller spans of control to drive performance.

Differentiator

Problem solved

Functional benefit

Products and services

• Third-Party Property Management Services

Quantifiable outcome

• 41.7% annualized ROI at Bridgewater property with $171 average rent increase after $4.92K interior renovation spend per unit
• +3 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Orange Capital AdvisorscoreStrategic or Co-development Partner · 2 January 2026ResProp assumed management of three properties in South Carolina—Evado in Summerville, The Lively Grande Dunes, and The Lively Murrells Inlet—from Orange Capital Advisors. The partnership deepens an existing relationship between the two firms, with both companies highlighting complementary management philosophies and a focus on revenue growth and resident satisfaction. ResProp now oversees more than 19,000 apartment homes across Florida, Texas, and South Carolina through this partnership.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Greystar Real Estate Partners: Greystar is the largest multifamily property management and investment company in the U.S., managing over 800,000 units. It is the closest direct competitor to ResProp in third-party multifamily management.
• Asset Living: Asset Living is one of the largest third-party multifamily property managers in the U.S., with a similar owner-partner service model and Sun Belt-heavy footprint, directly comparable to ResProp's positioning.
• RPM Living: RPM Living is a Texas-based third-party multifamily property manager with a Sun Belt footprint and operations-first service model. It is one of the closest regional analogs to ResProp.
• FPI Management: FPI Management is a multifamily property management firm serving institutional owners across the U.S. with a comparable full-service, owner-partner approach to ResProp.
• Avenue5 Residential: Avenue5 Residential is a national third-party multifamily property manager with a similar owner-focused services model, competing head-to-head with ResProp for institutional management contracts.
• Willow Bridge Property Company: Willow Bridge (formerly Laramar Group) is a national multifamily property management and investment firm. It is directly comparable to ResProp in scope of services and target customer base.
• BH Management Services: BH Management Services is a large multifamily property manager operating across the U.S., directly comparable to ResProp in delivering third-party management for institutional owners.
• Valiant Residential: Valiant Residential is a multifamily property management firm with a Sun Belt-heavy footprint and full-service management offering, competing for similar third-party mandates as ResProp.

Broad incumbents

• Lincoln Property Company: Lincoln Property Company is a large, diversified residential and commercial real estate operator with a sizable third-party multifamily management arm. It overlaps directly with ResProp but is broader in scope and larger in scale.
• Cortland Partners: Cortland is a multifamily owner, developer, and operator that also offers third-party services. While more vertically integrated than ResProp, it competes for talent and management contracts in overlapping Sun Belt markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/resprop-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

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 ResProp Management