What Bay Property Management Group does

Bay Property Management Group (legal entity Bay Management Group, LLC) is a full-service residential and multi-family rental property management company founded in 2010 and headquartered in Baltimore, Maryland. The company manages 8,000-8,500 rental units representing over $800 million in property value across the Mid-Atlantic region (Maryland, Pennsylvania, Virginia, Washington D.C.) and Austin, Texas, employing 200+ people across 11+ office locations. Its service portfolio covers tenant screening (credit and criminal background checks), leasing, rent collection (credit card, check, debit card), work order management, property inspections, 24/7 manager availability, and financial reporting for owners, supplemented by HOA management services. Core operations run on the AppFolio property management platform, which provides the owner portal, tenant portal, screening, payment processing, and inspection workflows; no proprietary technology layer is evidenced.

The company generates revenue through three streams: recurring monthly management fees (subscription) charged to property owners, transaction-based leasing fees when tenants are placed, and subscription HOA management fees. Pricing is quote-based and not publicly disclosed beyond a positioning of "low monthly management fee"; a $500 realtor referral fee is paid for each new signed management agreement plus property lease. The go-to-market combines high-volume outbound cold calling by business development representatives, direct-to-consumer digital marketing through a website receiving 10,000+ unique monthly visitors, and a channel partner motion via licensed realtors. Customers are primarily small-to-mid residential landlords and real estate investors with single-family and multi-family portfolios, plus the tenants occupying those units.

Bay Property Management Group is privately held and broker-owned with no disclosed venture capital, private equity, or institutional investors. Reported operational metrics include a sub-1% eviction rate, an average 23-day time on market for vacant units, a 30-day leasing commitment, an over 20% average reduction in investor expenses, and a 6-month tenant warranty. In April 2026 the company announced a CEO transition from Patrick Freeze to Dana Anderson, who previously served as President of the Philadelphia office and has been with BMG since 2013.

Name

Bay Property Management Group

Legal name

Bay Management Group, LLC

Website

https://baymgmtgroup.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Bay Property Management Group is a full-service residential rental property management company serving landlords, investors, and tenants across Maryland, Pennsylvania, Virginia, Washington D.C., and Texas, managing 8,000+ units and $800M+ in property value through 11+ regional offices on the AppFolio platform.

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

Single-Family Rental (SFR) Property Management (BPAJAFAB)

akta.pro secondary industry

Homeowners Association (HOA) Management (BPAJAHAB)

Keywords

• Residential property management
• Rental property services
• HOA management
• Tenant screening services
• Multi-family property management

Headquarters

HQ city

Baltimore

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: Monthly management fees charged to property owners for managing their rental properties. The company advertises 'low monthly management fee' though specific rates are not publicly disclosed.
2. Leasing Fees: Fees earned when placing tenants in rental properties. The company offers a $500 referral fee to realtors who refer new clients for property management services.
3. HOA Management Services: Services for homeowners associations including community management and maintenance coordination

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Bay Property Management Group is a full-service residential and multi-family rental property management company serving property owners and landlords across Maryland, Pennsylvania, Virginia, Washington D.C., and Texas. Core services include tenant screening, leasing, rent collection, property maintenance, work order management, financial reporting, and 24/7 on-call property manager availability. The company also provides HOA community management as an adjacent offering.

Product overview

Bay Property Management Group is a full-service rental property management company offering a comprehensive platform for residential and multi-family property management. The core offering consists of Rental Property Management Services (including tenant screening, rent collection, leasing, maintenance, and financial reporting) supplemented by HOA Management Services, an Owner Portal for financial tracking, and a Tenant Portal for 24/7 rent payments and maintenance requests. Additional modules include Referral Programs (both general and realtor-specific offering $500 per referral) and a Vendor Application System. The company operates across the Mid-Atlantic region (Maryland, Pennsylvania, Northern Virginia, Washington D.C.) with additional presence in Texas (Austin).

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Rental Property Management Services

Quantifiable outcome

• Less than 1% eviction rate
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Others

• AppFolio: AppFolio is the property management software platform BMG explicitly runs on for tenant screening, work orders, payments, and inspections. It is an enabling technology provider rather than a competitor, but defines the operational ceiling of BMG's tech stack.

Broad incumbents

• Greystar Real Estate Partners: Greystar is the largest multifamily and student housing property manager in the U.S., managing ~800,000+ units globally. It is a broad incumbent that overlaps with BMG's multifamily rental management but operates at vastly greater scale and across a national footprint.
• Invitation Homes: Invitation Homes is the largest publicly-traded SFR operator in the U.S., managing ~85,000 single-family rental homes. It overlaps with BMG on single-family residential rental management but is a much larger institutional owner-operator rather than a third-party management firm.
• American Homes 4 Rent (AMH): AMH is a publicly-traded SFR REIT owning and operating ~60,000 single-family rental homes. It is comparable to BMG as a large-scale residential rental operator, though it focuses on owned inventory in Sun Belt markets rather than third-party landlord management.
• FirstService Residential: FirstService Residential is one of North America's largest residential property managers, with a heavy concentration in community associations and high-rise condo/co-op management. It overlaps with BMG's HOA/condo and single-family rental services as a much larger, multi-service incumbent.

Direct peers

• Progress Residential: Progress Residential is a large single-family rental (SFR) operator and property manager backed by Pretium Partners, managing tens of thousands of SFR homes across the U.S. It is a direct peer in single-family rental property management, though typically institutionally-owned homes rather than individual landlords.
• Green Residential: Green Residential is a Houston-based property management company serving single-family rental investors across Texas. It is a direct peer for landlord-focused residential management, with comparable scale and tenant/owner portal-based operating model.
• KW Property Management & Consulting: KW Property Management is a large residential property management firm primarily serving Florida condo and HOA communities. It is a direct peer in HOA and residential community management, with comparable service offerings and a similar multi-office operating model.
• Real Property Management: Real Property Management is a national franchise network of residential property management offices serving landlords and investors. It is a direct peer in third-party single-family and multi-family rental management and competes for the same small-landlord customer as BMG.
• Castle Group: Castle Group is a Florida-based residential property management firm serving condo, HOA, and rental communities. It is a direct peer in HOA and residential rental management, with similar full-service offerings and a regional office network model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/baymgmtgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 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 Bay Property Management Group