Red Wagon Properties
Red Wagon Properties is a privately held, full-service residential property management firm in San Antonio, Texas. Founded in 2005, it leases, screens, and manages single-family homes, townhouses, and condos for SMB property owners, charging a 10% monthly management fee plus a leasing fee per new tenancy.
- Company typePrivate
- Founded2005
- HeadquartersSan Antonio, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Red Wagon Properties does
Red Wagon Properties is a Texas-licensed residential property management firm headquartered in San Antonio at 16719 Huebner Rd, founded in 2005 by Broker/Owner Kris Hochart. The company delivers full-service management — tenant placement, 6-point screening through a national screening partner, lease preparation under the Texas Association of Realtors form, rent collection, owner/tenant portals, 24/7 maintenance coordination, and eviction/legal support — for single-family homes, townhouses, and condos across at least sixteen San Antonio-area sub-markets including Alamo Heights, Boerne, Stone Oak, Cibolo, New Braunfels, and Schertz. Its underlying technology stack is a standard third-party property-management SaaS (managebuilding.com) providing owner/tenant portals, online rent payment, maintenance ticketing, electronic statements, and MLS-syndicated rental listings across 30+ affiliate sites. Value-added productized services include a Resident Benefit Package (automated air-filter delivery plus a Utility Concierge Service), twice-yearly inspections via partner Scott's Inspections, and a Homes for Heroes affiliate program targeting essential-worker buyers and sellers.
The business model is a hybrid transaction-plus-recurring structure: a one-time leasing fee equal to half of the first month's rent on each new tenancy, and an ongoing monthly management fee equal to 10% of collected rent that is only billable on occupied units and bundled with marketing, photography, renewals, and mid-term inspections at no incremental cost. Go-to-market is direct-to-consumer via company website, MLS, 30+ affiliate listing sites, social channels (Facebook, X, YouTube, Google Business Profile), and a referral affiliate (Homes for Heroes) targeting SMB property owners and landlords. The firm is privately held and bootstrapped with no disclosed funding rounds, M&A activity, or public financial reporting.
Red Wagon Properties firmographics
Firmographics- Name
- Red Wagon Properties
- Legal name
- Red Wagon Properties
- Website
- https://redwagonproperties.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Red Wagon Properties is a privately held, full-service residential property management firm in San Antonio, Texas. Founded in 2005, it leases, screens, and manages single-family homes, townhouses, and condos for SMB property owners, charging a 10% monthly management fee plus a leasing fee per new tenancy.
- Ownership category
- akta.pro rank
Red Wagon Properties industry classification
Industry- Product category
- Residential Property Management
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Residential Maintenance & Turnover Services (Make-Ready, Inspections) (BPAJAFAM)
Keywords
Where Red Wagon Properties is headquartered
LocationHeadquarters
- HQ city
- San Antonio
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Red Wagon Properties business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Leasing Fee: One-time fee of half the first month's rent charged when establishing a new tenancy. Covers agent commissions for finding and placing tenants.
- Monthly Management Fee: Ongoing monthly management fee charged at 10% of collected rent. Only charged when property is occupied. Includes all advertising, marketing, tenant renewals, and mid-term inspections at no extra cost.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Leasing Fee: 1/2 of the 1st Month's Rent |
| Subscription | Monthly | Monthly Management Fee: 10% of Rent |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels9 records
Red Wagon Properties product offering
Product offeringCore offering
Red Wagon Properties provides full-service residential property management for single-family homes, townhouses, and condos across the San Antonio, Texas metropolitan area. Core services include tenant placement with comprehensive 6-point screening, lease preparation using Texas Residential Lease agreements, rent collection with direct deposit and electronic owner statements, 24/7 maintenance coordination with licensed contractors, semi-annual property inspections, and legal/eviction support. The company also assists property owners with investment property acquisition and resale support.
Product overview
Red Wagon Properties offers a unified property management platform serving property owners and tenants in the San Antonio, Texas area. The core offering is Full-Service Property Management, which encompasses tenant placement, property maintenance, rent collection, and financial reporting for single-family homes, townhouses, and condos. Supporting the core service are Online Owner and Tenant Portals for self-service access, Investment Property Services including free home valuations and mortgage calculators, Rental Property Investment Guidance for investor education, and a Homes for Heroes Partnership providing savings programs for eligible heroes. The company operates on a transparent fee structure with a leasing fee of half the first month's rent and a 10% monthly management fee.
Differentiator
Problem solved
Functional benefit
Products and services
- Full-Service Property Management Comprehensive property management for residential rental property owners in the San Antonio area, covering tenant placement, rent collection, maintenance coordination, financial reporting, lease preparation, and legal compliance.
- Tenant Placement Services
Companies that use Red Wagon Properties
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Red Wagon Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Red Wagon Properties partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Homes for Heroes FoundationcoreRed Wagon Properties is an affiliate of Homes for Heroes Foundation, a national foundation helping heroes (firefighters, law enforcement, military, healthcare professionals, teachers) find affordable homeownership. Affiliate Bobbye Joe Morris helps heroes find homes, assists in home sales, and connects them with programs for closing costs or down payment assistance. Morris has personally given back over $10,000 to heroes through this program.
- Africa New Life (Rwanda)minorCommunity outreach and mission partnership supporting education initiatives in Rwanda. Company founder Kristopher Hochart participated in mission work, providing economic solutions for Africa New Life programs including schools (7,000 students), Bible College, bakery, sewing center, beauty academy, medical clinic, transportation business, and guest house operations.
- Scott's InspectionscoreThird-party professional inspection service contracted to perform detailed property inspections (interior and exterior) with photographs. Properties inspected every six months and upon tenant move-out.
- Licensed and Insured Handymen and Specialty ContractorscoreNetwork of licensed, insured handymen for smaller repairs and specialty contractors for HVAC, electrical, plumbing, cleaning, roofing, foundation, and major home repairs. Relationships established to keep maintenance costs low while ensuring quality work.
- National Screening CompanycoreAffiliated with national screening company providing comprehensive tenant screening including credit checks, criminal background checks, rental history verification, employment verification, debt-to-income ratio analysis, and terrorist database searches.
- Texas Association of RealtorscoreUses Texas Association of Realtors (TAR-2201) Residential Leasing and Property Management Agreement as governing document for property management contracts, ensuring legal compliance with Texas Property Code.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Red Wagon Properties competitors and assessment
Company assessmentEmerging players
- Bungalow: Residential property manager focused on single-family rentals with tech-forward tenant placement, furnishings, and shared living; overlapping tenant-placement and service offering for SFR landlords.
- Doorstead: Tech-enabled single-family property manager offering guaranteed-rent and full-service management; comparable product targeting individual landlords, though not yet operating in Texas at scale.
- Belong: Tech-forward residential property management platform serving individual investors and small landlords with full-service operations; emerging competitor in the same product category targeting similar SMB landlord segment.
Broad incumbents
- Asset Living: Houston-headquartered multifamily and single-family property manager with national scale; comparable as a Texas-rooted full-service property manager serving investors, though its portfolio is overwhelmingly multifamily.
- FirstService Residential: Large North American residential property manager with full-service offerings (tenant placement, maintenance, financial reporting, owner portals); comparable operating model to Red Wagon, though focused on HOA/condo and luxury multifamily.
- Greystar: Largest U.S. residential property manager offering leasing, rent collection, maintenance and owner services across multifamily and build-to-rent; comparable on full-service operations and technology-enabled owner/tenant experience, albeit at much larger scale.
- Lincoln Property Company Residential: Dallas-based residential property manager operating nationally with leasing, management, marketing and renovation services; highly comparable as a Texas-headquartered full-service manager competing for the same regional landlord and renter audiences.
Direct peers
- Mynd Management: Tech-enabled single-family property manager operating across multiple states with owner dashboards, tenant screening and maintenance coordination; directly comparable full-service SFR model with national ambition.
- RPM Living: Austin-based residential property manager serving Texas investors across multiple metros with tenant screening, leasing and maintenance; directly comparable single-family product and Texas geographic footprint.
Regional players
- Camillo Property Management: Texas-based residential property management firm serving San Antonio and other Texas metros with tenant placement, maintenance and owner services; direct regional competitor targeting the same property-owner and tenant pool.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Red Wagon Properties social profiles
Digital presenceRed Wagon Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Red Wagon Properties leadership team
Management profileNumber of profiles
Profiles2 records
Red Wagon Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Red Wagon Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Red Wagon Properties
What does Red Wagon Properties do?
Red Wagon Properties provides full-service residential property management for single-family homes, townhouses, and condos across the San Antonio, Texas metropolitan area. Core services include tenant placement with comprehensive 6-point screening, lease preparation using Texas Residential Lease agreements, rent collection with direct deposit and electronic owner statements, 24/7 maintenance coordination with licensed contractors, semi-annual property inspections, and legal/eviction support. The company also assists property owners with investment property acquisition and resale support.
Is Red Wagon Properties a public or private company?
Red Wagon Properties is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Red Wagon Properties founded?
Red Wagon Properties was founded in 2005. It employs 101 to 250 people.
Where is Red Wagon Properties based?
Red Wagon Properties is headquartered in San Antonio, United States, in the North America region.
How does Red Wagon Properties make money?
Two revenue lines are on record. Leasing Fee is the primary driver. The others are monthly Management Fee.
Who are Red Wagon Properties's main competitors?
Emerging players on record are Bungalow, Doorstead and Belong. Broad incumbents are Asset Living, FirstService Residential, Greystar and Lincoln Property Company Residential. Direct peers are Mynd Management and RPM Living. Camillo Property Management is listed as a regional player.
Does Red Wagon Properties have an API?
No public API is recorded for Red Wagon Properties.
What industry is Red Wagon Properties in?
Red Wagon Properties's product category is Residential Property Management. Its primary akta.pro industry code is BPAJAFAM, Residential Maintenance & Turnover Services (Make-Ready, Inspections). Its SIC code is 6531.