Joseph Thomas Property Management

What Joseph Thomas Property Management does

Joseph Thomas Property Management (legal entity Joseph Thomas Real Estate) is a Provo, Utah-based residential property management firm serving individual property owners across Utah County and Salt Lake County. The company manages 450+ units across 16+ apartment properties with an 11-person team led by four partners: Robert Strain (Founding Partner), Dallin Henrie (Founding Partner), David Morin (Managing Partner & Broker), and Tanner Peterson (Managing Partner).

The company's core offering is third-party residential property management, encompassing tenant placement, rent collection, maintenance coordination, and owner reporting. Its technology stack is built on AppFolio Property Manager, a third-party SaaS platform that provides online owner and tenant portals, mobile applications for iOS and Android, and integration with Matterport and Zillow for 3D virtual property tours. The firm holds no proprietary technology, has no in-house AI/ML capabilities, and does not publish patents or research output. David Morin's broker license supports the firm's leasing activity.

Joseph Thomas generates revenue through recurring property management fees on managed units and through in-house maintenance services priced at $36 per hour or less. Its customer base is fragmented across small-scale individual residential property owners and their tenants. The firm is actively broadening its footprint through Salt Lake County expansion, a new by-the-bed student housing leasing model for the 2026-2027 academic year, and scheduled renovations and amenity upgrades at multiple properties through 2026.

Name

Joseph Thomas Property Management

Legal name

Joseph Thomas Real Estate

Website

https://josephthomas.us

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Joseph Thomas Property Management is a Provo, Utah-based residential property management firm managing 450+ units across 16+ apartment properties for individual owners in Utah County and Salt Lake County, with plans to launch by-the-bed student housing leasing for 2026-2027.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Nonresidential Property Managers (531312)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Student Housing Property Management (BPAJAFAF), Office Property Management (BPAJAGAA)

Keywords

• Residential property management
• Multifamily rental services
• Tenant screening services
• Rental property maintenance
• Landlord management solutions

Headquarters

HQ city

Provo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: Recurring management fees from property owners for full-service property management including tenant management, screenings, maintenance, vacancy advertising, leasing, and reporting
2. Maintenance Services: $36 per hour or less for maintenance services rendered to managed properties

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Joseph Thomas Property Management delivers full-service residential property management in Utah and Salt Lake Counties, covering multifamily, single-family, and commercial rental properties. Services span tenant screening, leasing, rent collection, maintenance (at a market-low rate of $36/hour or less), vacancy advertising, monthly owner reporting, and proactive portfolio guidance, all delivered through AppFolio-powered owner and tenant portals. The firm manages a portfolio of 16+ apartment properties (450+ units), primarily in Provo and Orem, with a concentration on student housing near BYU.

Product overview

Joseph Thomas Property Management is a full-service property management company offering an integrated platform combining core management services with dedicated owner and tenant portals. The product ecosystem centers on their comprehensive property management services (multifamily, single-family, and commercial) supported by specialized modules including tenant management, tenant screening, property maintenance, advertising, and proactive management services. The company powers their operations through AppFolio Property Manager, providing clients with an Owner Portal for financial oversight and a Resident Portal (with iOS/Android apps) for tenants to pay rent and submit maintenance requests. Their portfolio includes 16 managed apartment properties in Provo and Orem, Utah, ranging from student housing to family-oriented complexes.

Differentiator

Problem solved

Functional benefit

Products and services

• Full-Service Property Management Comprehensive property management for multifamily, single-family, and commercial rental properties in Utah and Salt Lake Counties. Covers tenant screening with credit/background/eviction checks, lease signing, rent and deposit collection, vacancy advertising, maintenance coordination, monthly financial reporting, and proactive portfolio guidance. Delivered to property owners seeking hands-off rental management.
• Property Maintenance Services Standalone in-house maintenance service covering general repair, appliance upkeep, mold removal, HVAC, plumbing, and round-the-clock emergency repairs for managed and tenant-requested work, billed at $36 per hour or less.
• Heritage Court Apartments (managed property) 120-unit apartment complex in South Provo offering 1-bedroom and studio units with onsite gym, micro-market, dog park, and BBQ grill, under Joseph Thomas management.
• Vista Ridge Apartments (managed property) Student-oriented apartment complex in Provo near BYU with studio, 1-bedroom, and 2-bedroom units featuring onsite laundry, storage, and proximity to campus; now leasing by-the-bed for 2026-2027.
• East Pointe Apartments (managed property) Fully furnished 2-bedroom, 1-bath student apartments near BYU with renovations planned for Fall 2026, including Matterport 3D virtual tours and professional management.
• Westwood Apartments (managed property) 24-unit student housing property with 3-bedroom, 2-bath units featuring in-unit washer/dryer, double fridges, putting green, pickleball court, and gym (Spring 26'), located near BYU RYDE bus stops.

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Regional players

• Wasatch Property Management: Utah-based multifamily and single-family property manager serving Salt Lake City and surrounding areas. Directly comparable as a regional PM operating in adjacent Utah markets with similar owner/tenant service models and AppFolio-style technology adoption.

Others

• AppFolio: Property management SaaS platform whose software powers Joseph Thomas's operations. Comparable as the underlying technology vendor and ecosystem enabler, though AppFolio does not compete in property management services itself.

Broad incumbents

• Lincoln Property Company: Large national residential and multifamily property manager. Comparable as a broad incumbent offering management services across multifamily, single-family, and commercial categories that overlap with Joseph Thomas's full-service positioning.
• Cushman & Wakefield: Global real estate services firm with a large property management practice spanning multifamily, office, and commercial assets. Comparable as a broad incumbent offering overlapping commercial and residential management services that Joseph Thomas also targets.
• Greystar Real Estate Partners: Largest apartment property manager in the U.S. with extensive multifamily and student housing operations. Comparable as a broad incumbent operating across the same property categories Joseph Thomas serves, but at vastly greater scale and geographic breadth.
• Asset Living: National multifamily, student, and affordable housing property manager with more than 300,000 units under management. Comparable in property categories served (especially student housing), though operating at much larger scale across multiple states.
• RangeWater Real Estate: Multifamily property manager and developer operating across the Sun Belt and select Western markets. Comparable in multifamily focus and third-party management services, though larger and more geographically diverse than Joseph Thomas.

Emerging players

• Mynd Property Management: Tech-enabled single-family and small multifamily property manager using a digitally-native owner and tenant experience. Comparable as an emerging player pairing AppFolio-class technology with high-touch owner service in the same mid-market segment.

Direct peers

• The Scion Group: Specialized student housing property manager and developer. Directly comparable to Joseph Thomas's BYU-proximate student housing segment, including by-the-bed leasing models, though Scion operates nationally across multiple university markets.
• Campus Apartments: Student housing-focused property manager and developer with by-the-bed leasing operations near major universities. Closely comparable business model to Joseph Thomas's student housing strategy, though at greater scale and geographic diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/josephthomaspropertymanagement
• LinkedInlinkedin.com/company/joseph-thomas

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Joseph Thomas Property Management