Property Managers

What Property Managers does

Property Managers, Inc. (PMI) is a privately held, locally owned property management company founded in 1986 and headquartered at 2828 W 73rd Street in Davenport, Iowa. The firm provides residential and commercial property management services across the Quad Cities region, covering Davenport, Bettendorf, Eldridge, and Le Claire in Iowa, as well as Moline, Rock Island, East Moline, and surrounding Illinois communities. Its client base consists of individual and small property owners seeking full-service management, alongside the tenants occupying the apartments, duplexes, and single-family homes in its portfolio.

PMI's technology stack is built on Rent Manager, an industry-standard third-party property management software platform that underpins online tenant applications, owner and resident web portals, and rent payment workflows. A mobile application (RMResident) extends tenant self-service to iOS and Android devices. The company operates from a single physical office and distributes services through its website (iowapmi.com), the Rent Manager portal, and the mobile app, supported by a staff of approximately 20 employees.

PMI generates revenue through recurring property management fees on managed units under a professional services model typical of the industry, with additional income from tenant placement and ancillary services. Its staff includes a licensed real estate broker, three licensed real estate agents, and a regional manager, and the company emphasizes regulatory compliance via mandatory continuing education for its agents. Listed unit rents span roughly $725/month for 1-bedroom apartments to $2,895/month for premium 3-bedroom/3-bath units, with move-in specials at selected properties. PMI is a traditional small business with no disclosed funding history, no parent company, no institutional ownership, and 38 years of continuous operation.

Name

Property Managers

Legal name

Property Managers, Inc.

Website

https://iowapmi.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Property Managers, Inc. (PMI) is a privately held property management firm founded in 1986 in Davenport, Iowa. The firm provides residential and commercial property management services to property owners and tenants in the Quad Cities region using the Rent Manager software platform.

Ownership category

akta.pro rank

Product category

Property Management Services

NAICS

Residential Property Managers (531311), Nonresidential Property Managers (531312)

SIC

Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

Keywords

• Residential property management
• Commercial property management
• Rental management services
• Tenant placement services
• Rent collection services

Headquarters

HQ city

Davenport

HQ country

United States

HQ region

North America

Offices1 record

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 Services: PMI generates revenue by providing comprehensive property management services to property owners, including tenant placement, rent collection, property maintenance coordination, and compliance management. The company serves both residential and commercial property owners in the Quad Cities area of Iowa and Illinois.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Property Managers, Inc. (PMI) is a locally owned property management company that provides full-service residential and commercial property management for owners in the Quad Cities area of Iowa and Illinois. Services include tenant placement and screening, rent collection, property maintenance coordination, compliance with laws and regulations, and property marketing, delivered through the Rent Manager software platform with online resident and owner portals and a mobile app. PMI also markets rental properties (apartments, duplexes, single-family homes) directly to tenants.

Product overview

Property Managers (PM) operates as a locally-owned property management company serving the Quad Cities area since 1986. The company offers a unified property management service encompassing residential and commercial property management, with featured rental property listings across apartments, duplexes, and single-family homes in Iowa and Illinois communities. The service is delivered through the Rent Manager platform, providing online resident and owner portals for rent payments and property management, complemented by a mobile app for on-the-go access.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Services Full-service residential and commercial property management for property owners in the Quad Cities area of Iowa and Illinois, including tenant placement and screening, rent collection, property maintenance coordination, compliance with laws and regulations, and rental marketing. Delivered with unlimited services under a single management contract.
• Residential Rental Properties Managed rental housing inventory consisting of apartments, duplexes, and single-family homes across Quad Cities communities (Davenport, Bettendorf, Eldridge, Moline, Rock Island, Le Claire, East Moline). Available to prospective tenants through the company website with online applications, with observed rents ranging from $725/month for 1-bedroom units to $2,895/month for premium 3-bed/3-bath units.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

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.

• Rent ManagercoreTechnology or IntegrationPMI uses Rent Manager property management software platform to power their operations including tenant applications, rent collection, property management, and owner/tenant portals. This is a core technology partnership enabling their property management services.

Scale indicators3 records

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• Cushman & Wakefield: Global real estate services firm with a substantial property management division spanning commercial and multifamily assets. Overlaps PMI in commercial property management mandates.
• Lincoln Property Company: National residential property manager with extensive third-party management contracts. Comparable service offering (full-service property management for property owners) at significantly larger scale.
• FirstService Residential: Largest residential property manager in North America. Competes for the same SMB and institutional owner mandates with greater technology infrastructure and geographic reach.
• Asset Living: National multifamily property manager with significant third-party management contracts across the Midwest. Comparable full-service property management model to PMI.
• RPM Living: Full-service multifamily property management company rapidly expanding across the U.S. Competes directly with PMI for third-party management contracts from rental property owners.
• FPI Management: Multifamily property management firm managing conventional, affordable, and student housing. Comparable as a third-party property manager serving owner-investors in the Midwest region.
• Greystar Real Estate Partners: Largest multifamily property manager in the U.S., operating both owned and third-party-managed rental portfolios. Comparable as a multifamily management competitor to owners in the Quad Cities region.
• BH Management Services: National multifamily property manager focused on third-party management for institutional and individual owners. Comparable service model to PMI at significantly larger scale.

Direct peers

• Real Property Management: Franchise-based residential property management brand servicing SMB landlords across the U.S. Highly comparable as both are small-footprint residential/commercial property managers targeting individual property owners with full-service offerings.
• Property Management Inc. (PMI National Franchise): National franchise network providing residential and commercial property management to owners/investors. Closely comparable operating model to PMI's 'national benefits with local service' positioning.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Property Managers