New Spring Property Management

What New Spring Property Management does

New Spring Property Management, operating under legal entity New Spring Equities, LLC, is a locally owned and operated residential property management company headquartered at 935 Vandercook Way in Longview, Washington. The company delivers full-service landlord outsourcing for property owners across Cowlitz County, managing more than 500 single-family and multi-family units (duplex, 3-plex, 4-plex) on behalf of both local and out-of-town investors. Core services include applicant screening (credit, criminal, eviction, rental and employment verification), contract signing, rent collection, in-house maintenance with after-hours emergency coverage, bill payment, monthly financial statements, bi-annual interior inspections, monthly exterior drive-bys, and multi-platform rental marketing.

The underlying technology platform is Rent Manager, a third-party property management system that New Spring configures with two branded portals: a Tenant Web Access (TWA) portal for online applications, lease signing, and rent payment, and an Owner Web Access (OWA) portal for financial reporting and account management. A Resident Online Payment Portal is also deployed. The company pairs this software stack with an internal maintenance department and a contractor partnership with RLT Construction LLC for major renovations or licensed-trade work (plumbing, electrical, roofing, arborist services). Marketing distribution spans eight listing channels — Zillow, HotPads, Zumper, Trulia, Frontdoor, Craigslist, Facebook, and the company website — to maximize tenant acquisition velocity.

The revenue model combines recurring management fees (negotiated monthly based on service level and door count, with no setup, inspection, or contract renewal fees), transaction-based fees including a $55 non-refundable application fee per adult applicant, a $500 non-refundable pet fee plus $50/month pet rent per pet, and late fees that are split with property owners. A new-management acquisition promotion offers 50% off the first three months of management fees for newly signed owner contracts. The company is privately held, founder/management owned, with no disclosed external funding, and operates exclusively within Cowlitz County, Washington.

Name

New Spring Property Management

Legal name

New Spring Equities, LLC

Website

https://newspringequities.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

New Spring Property Management is a locally owned, full-service residential property management company in Longview, Washington, managing more than 500 single-family and multi-family units in Cowlitz County on behalf of local and out-of-town property owners.

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), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Residential Maintenance & Turnover Services (Make-Ready, Inspections) (BPAJAFAM)

Keywords

• Residential property management
• Single-family rentals
• Tenant placement services
• Landlord management services
• Rental property maintenance

Headquarters

HQ city

Longview

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: Recurring management fees negotiated based on level of service required and number of units managed. No setup fees, inspection fees, or contract renewal fees. Split of late fees with property owners.
2. Application Fees: Non-refundable application fee of $55 per applicant over 18 years of age. Covers background and credit checks and administrative processing costs.
3. Pet Fees and Pet Rent: Non-refundable pet fee of $500 and monthly pet rent of $50 per pet.
4. Late Fees: Late fees collected from tenants for late rent payments, split with property owners.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

New Spring Property Management provides full-service residential property management for single-family and multi-family rental properties throughout Cowlitz County, Washington. Core services include tenant placement (marketing, showings, screening, and lease signing), monthly rent collection with late-fee enforcement, in-house maintenance coordination and 24/7 emergency response, routine property inspections, eviction protection handling, and detailed financial reporting delivered to owners through the Owner Web Access portal.

Product overview

New Spring Property Management is a full-service residential property management company operating in Cowlitz County, Washington. The company's core offering is property management services for single-family homes and multi-family units (Duplex, 4 Plex, 3 Plex, Multi), built around a RentManager-based digital platform. The primary products include Tenant Web Access Portal and Owner Web Access Portal for account management, supplemented by Resident Online Payment Portal for rent collection. Core service offerings encompass Tenant Screening Services, In-House Maintenance Services with emergency after-hours support, Rental Marketing Services across major listing platforms (Zillow, HotPads, Zumper, Trulia, etc.), Bill Paying Services as an optional add-on, and Move-In/Move-Out Inspection Services with ongoing periodic inspections. The company manages over 500 properties for owners, providing end-to-end landlord services from tenant acquisition through ongoing property maintenance and financial reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• Full-Service Property Management

Quantifiable outcome

• Over 500 properties managed in Cowlitz County

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• RLT Construction LLCcoreImplementation/ SI/ Consulting PartnerRLT Construction LLC is a full-service general contractor that New Spring Property Management works with for larger construction and renovation projects including kitchen remodels, bathroom remodels, flooring installs, interior painting, small commercial build-outs, and residential/commercial maintenance. They handle projects that require licensed professionals such as major plumbing or electrical work, roofing, or arborist services.

Scale indicators2 records

Recent moves2 records

Expansion highlights4 records

Emerging players

• Baselane: All-in-one banking and property management platform for individual landlords. Comparable as an emerging fintech-enabled PM platform that competes for the same owner segment by enabling self-management at lower cost, threatening traditional PM fee models.
• DoorLoop: Property management SaaS platform targeting small-to-mid landlords and PM firms. Comparable as a tech-forward alternative that could be used either by owners to self-manage or by competing PM firms to operate more efficiently than New Spring's current Rent Manager stack.

Direct peers

• Real Property Management: National franchise network providing full-service residential property management across multiple U.S. markets. Directly comparable as a similarly structured full-service PM firm offering tenant screening, maintenance coordination, and owner reporting for single-family and small multi-family rentals.
• Renters Warehouse: Single-family rental property management franchise with national presence. Comparable because it serves individual rental property owners with full-service tenant placement, rent collection, and maintenance — the same core offering as New Spring but at national scale.
• Green Residential: Full-service residential property management firm serving single-family investors across multiple U.S. markets. Comparable for the same owner-segment focus (out-of-town and time-constrained landlords) and full-service offering covering screening, maintenance, and financial reporting.
• Keyrenter Property Management: Residential property management franchise focused on single-family and small multi-family rentals. Directly comparable as a franchise model offering tenant screening, rent collection, maintenance coordination, and owner statements to individual investors.
• Professional Property Management (PPM): Full-service residential property management firm managing single-family and small multi-family rental portfolios. Comparable as a similarly structured PM operator offering tenant placement, rent collection, in-house maintenance, and owner reporting services.

Regional players

• Windermere Property Management: Pacific Northwest-based real estate brand with property management services across Washington and Oregon. Comparable as a regional incumbent offering residential PM in markets adjacent to Cowlitz County, with established brand recognition and broader geographic reach.

Broad incumbents

• Coldwell Banker Property Management: National real estate brokerage network offering residential property management through local affiliated offices. Comparable as a broad incumbent with overlapping PM services targeting individual rental property owners across multiple markets.
• Berkshire Hathaway HomeServices Northwest Real Estate: Pacific Northwest brokerage with affiliated residential property management services. Comparable because it offers full-service PM to rental property owners in the same regional geography, leveraging brand and brokerage infrastructure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/newspringpropertymanagement
• Xx.com/kilgore_ad
• LinkedInlinkedin.com/company/new-spring-equities-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 New Spring Property Management