Block & Associates Realty

What Block & Associates Realty does

Block & Associates Realty is a privately held, full-service residential real estate brokerage and property management firm headquartered in Cary, North Carolina, founded in 1996 by Norman Block and Sharon Schovain. The firm manages more than 2,000 properties under lease (1,000+ in-house) across the Greater Triangle, Triad, Sandhills, and Fayetteville regions of North Carolina, and self-identifies as the largest residential property management firm in the Research Triangle. Its core offerings include single-family and apartment property management, leasing assistance, HOA management, and home sales, supported by a Tenant Benefits Package (renter's insurance, HVAC filter delivery, utility concierge, positive credit reporting) and educational content such as investment seminars.

Operationally, the firm runs on a stack of third-party SaaS platforms rather than proprietary technology: AppFolio powers the tenant/owner portal and rent collection, PropertyMeld handles maintenance coordination, and Cinc Web Axis hosts the HOA portal. There is no documented proprietary AI, public API, or in-house engineering platform; the differentiators are service-driven (24-hour emergency response, thorough tenant screening covering credit/criminal/employment/rental history, and free rental analyses). The firm employs 40+ professionals across four offices (Cary headquarters, Fayetteville, Archdale, Asheboro), with a leadership team led by Mike Meyer, Matt Pozda, and founder Norman Block, Eva VanAken as Broker-In-Charge, and Kira Bartlett as Director of Property Management.

Revenue is generated primarily through percentage-based property management fees (industry standard 6–12% of monthly rent), leasing commissions (one month's rent per placement, with multi-year structures), vacant-property flat fees, HOA management retainers, residential real estate brokerage commissions, and ancillary fees ($85 application + $5 convenience fee, $290 non-refundable administrative fee, lease renewal fees). GTM is sales-led via the direct team of leasing agents and property managers, supplemented by a self-serve tenant property search portal, an agent referral network, and lead-generation content (blog, free rental analyses, investment seminars). Customer segments are horizontally diversified across residential landlords (many out-of-state), individual tenants, real estate investors, HOAs, and apartment complex owners.

Name

Block & Associates Realty

Legal name

Block & Associates Realty

Website

https://blockrealty.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Block & Associates Realty is a privately held residential property management and real estate brokerage firm based in Cary, NC, managing 1,000+ properties in-house across the Triangle, Triad, Sandhills, and Fayetteville regions of North Carolina, serving landlords, tenants, investors, and HOAs since 1996.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

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

SIC

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

akta.pro primary industry

Residential Lease Administration & Tenant Services (BPAJAFAL)

akta.pro secondary industries

Residential Rental Brokerage & Tenant Placement (BPAJAAAF), HOA / Condominium Association Management (BPAJAFAH), Association Maintenance, Vendor & Capital Project Management (BPAJAHAM)

Keywords

• Residential property management
• HOA management services
• Rental home leasing
• Real estate brokerage
• Tenant placement services

Headquarters

HQ city

Cary

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: Percentage of monthly rent charged for occupied rental properties. Includes all management services such as tenant placement, rent collection, maintenance coordination, and accounting.
2. Vacant Property Management: Flat fee for vacant properties at end of lease. Includes utility connections in Block's name, lawn care, HOA requests, monthly check and visual assessments.
3. Leasing/Commission Fees: Commission due upon collecting first month's rent. For 24-month or longer leases, full commission collected at lease start with remaining half-month due from second month's rent.
4. Lease Renewal Fees: Modest charge for lease renewals on managed properties, including interim property assessment
5. Application and Administrative Fees: Application fee of $85 per person plus $5 convenience fee. $290 non-refundable administrative fee upon owner's approval of rental offer.
6. HOA Management Services: Comprehensive HOA management including financial management, legal compliance, property maintenance, and community operations
7. Home Sales/Real Estate Transactions: Residential real estate sales services for buying and selling homes in the Greater Triangle, Triad, Fayetteville and Sandhills areas

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Block & Associates Realty provides full-service residential property management for single-family homes, apartment complexes, and commercial properties, handling tenant screening, rent collection, maintenance coordination, lease compliance, and accounting. The company also offers HOA management, leasing assistance, and home sales brokerage services across the Greater Triangle, Triad, Sandhills, and Fayetteville regions of North Carolina. Operations are supported by AppFolio and PropertyMeld technology platforms, with a tenant benefits package that includes $300,000 renter's insurance and positive credit reporting.

Product overview

Block & Associates Realty is a full-service residential real estate brokerage and property management firm offering a unified platform of services centered on rental property management and leasing. The core offering comprises Property Management Services (covering single-family homes, apartment complexes, and commercial properties) and HOA Management, supplemented by Leasing Assistance, Home Sales, and Rental Marketing Services. Additional modules include Rental Market Pricing Analysis, Tenant Benefits Package (add-on), Investment Basics education, Investment Seminars, and a digital HOA Portal. The company manages over 2,000 properties under lease and 1,000+ properties in-house across the Greater Triangle, Triad, and Sandhills regions of North Carolina.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Property Management Services
• HOA Management Services

Quantifiable outcome

• Over 2,000 properties under lease with over 1,000 managed in-house
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Asset Living: One of the largest US property management firms, managing over 200,000 units across multifamily, student, and single-family housing. Overlaps with Block in residential PM and HOA services but operates at far greater scale with institutional clients as the primary focus.
• Greystar Real Estate Partners: Global leader in rental housing property management with a portfolio spanning multifamily, student, and active adult. While primarily multifamily, Greystar's investment management arm and operating platform compete for institutional landlord relationships in the same NC metros.

Direct peers

• CAMS (Community Association Management Services): Regional HOA and community association management firm with a similar service model to Block's HOA Management business unit. Directly comparable in HOA-specific services (financial management, board support, vendor coordination) and customer profile (residential community associations).
• Real Property Management: National franchise system of residential property management offices. Operates in many of the same mid-size US metros as Block with comparable full-service PM, leasing, and tenant screening offerings. Most direct franchise-based competitor in the Triangle and surrounding NC regions.
• HomeRiver Group: National residential property management firm offering single-family and multifamily PM services with a focus on institutional and SMB landlords. Direct overlap with Block in service model (PM + leasing) and customer base (residential landlords), though HomeRiver operates at significantly larger national scale.
• Renters Warehouse: Single-family rental-focused property management franchise with a 'Rent Estate' model for landlords. Direct competitor for the same single-family investor landlord customer in multiple US markets, with comparable fee structures and leasing services.

Others

• AppFolio: Property management software platform that Block uses as its core operating system. While not a direct competitor, AppFolio powers the operational backbone of many PM firms (including Block) and is a meaningful ecosystem enabler and potential disruptor in the residential PM space.

Regional players

• BlueStone Properties: Regional residential property management firm serving the Carolinas with full-service PM for single-family and multifamily rentals. Comparable service stack and landlord customer base to Block, with similar mid-market positioning in the Carolinas region.
• Dwell Realty (Cary/Triangle): Local Triangle-area real estate and property management firm based in the same NC geography as Block. Comparable offerings in residential PM and leasing, serving the same Raleigh-Durham-Chapel Hill customer base with similar boutique service levels.

Emerging players

• Mynd Property Management: Tech-enabled residential PM platform serving SMB landlords in multiple US markets with a software-first approach. Competes for the same single-family rental landlord segment as Block, but with a digital onboarding experience and remote operating model that contrasts with Block's local, high-touch approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/block_realty
• Facebookfacebook.com/blockrealtyrentals
• LinkedInlinkedin.com/company/block-&-associates-realty

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Block & Associates Realty