LBPM

What LBPM does

LB Property Management, Inc. (LBPM) is a privately held, full-service property management firm founded in 1989 and headquartered in Sherman Oaks, California. The company manages over 1,400 properties spanning four distinct verticals: multifamily apartment buildings, single-family rental homes, homeowner associations/condominiums, and commercial real estate (office, retail, industrial, mixed-use). LBPM employs 270-300+ professionals across three offices serving five Southern California counties — Los Angeles, Riverside, San Bernardino, Orange, and Ventura — with more than 2 million square feet of commercial space under management.

The technology backbone is the AppFolio property management platform, which powers the owner portal, resident portal, HOA portal, and commercial tenant portal for rent collection, maintenance request routing, tenant screening, financial reporting, and document management. Layered on top are add-on modules including Premier Management (white-glove service for luxury assets), Development Consulting (pre-construction through lease-up), AB-2747 rent reporting to Experian/TransUnion/Equifax, HOA document delivery via HomeWiseDocs, and a VIP Preferred Vendors advertising program. LBPM uses AI for inbound call scoring/routing and live chat on its website, and holds CCPA, GDPR, fair housing, and WCAG 2.0 AA compliance postures.

LBPM's business model is recurring managed-services fees charged to property owners for full-service property management (marketing, leasing, tenant screening, rent collection, maintenance coordination, regulatory compliance, financial accounting). Pricing is quote-based and not publicly disclosed; ancillary revenue comes from tenant-paid AB-2747 rent reporting ($7.50/month), third-party vendor advertising via the Preferred Vendors program, and NetVendor's $129/year vendor registration fee (which LBPM does not retain). The company is privately held with no disclosed outside investors and is led by Co-founder Robert Lopata, President Brandon Stein (CCAM), COO Brian Theobald (CCAM), EVPs Greg De Rubeis and Salle Yerumyan, and CFO Gregg Bernstein (CPA).

Name

LBPM

Legal name

LB Property Management, Inc.

Website

https://lbpm.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

LB Property Management, Inc. (LBPM) is a full-service property management firm founded in 1989, managing over 1,400 residential, HOA, and commercial properties across five Southern California counties with 270-300+ employees.

Ownership category

akta.pro rank

Product category

Property Management Services

NAICS

Residential Property Managers (531311), Services to Buildings and Dwellings (5617), Facilities Support Services (56121)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340), Operators Of Nonresidential Buildings (6512), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Association Compliance, Governance & Board Support Services (BPAJAHAN)

Keywords

• Property management services
• Apartment management
• HOA management
• Commercial property management
• Rental home management

Headquarters

HQ city

Sherman Oaks

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: LBPM charges property owners ongoing fees for full-service property management of their apartments, rental homes, HOA communities, and commercial properties. Services include marketing, leasing, maintenance coordination, rent collection, financial reporting, and regulatory compliance.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

LBPM is a full-service property management firm managing over 1,400 residential and commercial properties across five Southern California counties. Core services include apartment management, rental home management, HOA management, and commercial property management, supported by AppFolio-powered owner, resident, and HOA portals, 24/7 emergency maintenance, tenant screening, rent collection, and financial reporting. Add-on services include development consulting, premier management for luxury assets, AB-2747 rent reporting to credit bureaus, and a preferred vendors program.

Product overview

LBPM operates as a diversified property management company offering a platform of integrated services across multiple property types. The core offerings consist of Apartment Management, Rental Home Management, HOA Management, and Commercial Property Management, each supported by dedicated online portals (Resident Portal, Owner Portal, HOA Portal, Commercial Tenant Portal) built on the AppFolio property management platform. Add-on services include Development Consulting Services for new construction projects, Premier Management Services for luxury/high-end properties, AB-2747 Rent Reporting for credit-building, HOA Documents & Lender Questionnaires via HomeWiseDocs, a Preferred Vendors Program, and a company Blog. The company manages over 1,400 properties across Southern California with a team of approximately 270-300 members, serving residential, commercial, and HOA clients through integrated digital platforms and professional management services.

Differentiator

Problem solved

Functional benefit

Products and services

• Apartment Management Full-service apartment building management including marketing, tenant screening, leasing, rent collection, maintenance coordination, regulatory compliance, and financial accounting. Serves properties ranging from small 2-4 plex units to large complexes of 200+ units.
• Rental Home Management Single-family rental home and condo management including leasing, tenant screening, maintenance coordination, financial reporting, and expense reduction strategies for individual investors and homeowners.
• HOA Management Homeowners association management including board planning, financial management, maintenance coordination, compliance monitoring, billing and collections, special assessments, bill paying, and budget preparation for homeowner associations and condominiums.
• Commercial Property Management Commercial property management for office buildings, retail centers, shopping centers, mixed-use properties, and industrial/manufacturing sites. Includes occupancy and cash flow optimization, market research, financial reporting, tenant relationship management, and vendor management across over 2 million SF of commercial space.
• Development Consulting Services Professional development consulting for ground-up construction and multifamily projects. Includes pre-construction coordination, design oversight, budget review, construction services, and post-construction lease-up assistance through certificate of occupancy.
• Premier Management Services White-glove management services for high-end, luxury properties and new construction assets. Includes bespoke branding and marketing, professional leasing campaigns, comprehensive property inspections, drone footage, 3D floor plans, and 24/7 emergency services.
• AB-2747 Rent Reporting California AB-2747 compliant rent reporting service that allows tenants to have on-time rent payments reported to Experian, TransUnion, and Equifax to help build credit history. Priced at $7.50 per month per tenant.

Quantifiable outcome

• Over 1,400 properties managed across Southern California
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability5 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• AppFoliocoreTechnology or IntegrationAppFolio provides the core property management technology platform powering LBPM's operations, including the owner portal, resident/tenant portal, HOA portal, rent collection, maintenance request management, tenant screening, and listing management. LBPM's website URLs reference appfolio.com for all portal functionalities.
• HomeWiseDocscoreTechnology or IntegrationHomeWiseDocs provides around-the-clock online access to HOA governing documents and other data for lenders, escrow and title companies, real estate agents, and homeowners managed by LBPM. The service enables ordering of document packages (CC&Rs, ByLaws, Articles, Budget, Minutes), lender questionnaires, and demands through HomeWiseDocs' platform.
• NetVendorcoreTechnology or IntegrationNetVendor is a third-party vendor credentialing and monitoring platform used by LBPM to track vendor certifications, insurance coverage (liability and workers compensation), licensing, and other compliance documentation. All LBPM-approved vendors must register with NetVendor at a cost of $129/year. NetVendor sends vendor ID numbers to LBPM upon certification approval.
• Experian, TransUnion, and EquifaxcoreStrategic or Co-development PartnerUnder California's AB-2747 (effective April 2025), LBPM reports on-time rent payments to the three major credit bureaus — Experian, TransUnion, and Equifax — to help tenants build credit history. LBPM charges tenants $7.50/month for this service.
• ZIS Insurance Services (Zein Insurance Services Inc.)minorGTM or Marketing PartnerZIS Insurance Services is an LBPM Preferred Vendor specializing in health, auto, commercial, travel, and dental insurance. They are featured on LBPM's VIP Preferred Vendors page, advertising to LBPM's property owner clients. Contact: Ellen Ford, 818-332-3009.
• Beaumont Gitlin Tashjian (HOA Attorney)minorGTM or Marketing PartnerBeaumont Gitlin Tashjian is an LBPM Preferred Vendor providing HOA-specific legal services. Listed on LBPM's preferred vendors page alongside accountants, construction, maintenance, and energy vendors.
• Douglas Herbst (HOA Accountant)minorGTM or Marketing PartnerDouglas Herbst is an LBPM Preferred Vendor providing HOA-specific accounting services. Listed alongside other professional service providers on LBPM's VIP Preferred Vendors page.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Lincoln Property Company: National multifamily property management and real estate services firm managing 200,000+ apartment units across the US. Comparable to LBPM's apartment management segment at larger institutional scale.
• Greystar Real Estate Partners: Largest multifamily property management and investment firm in the US, managing over 800,000 units globally. Comparable to LBPM as a full-service multifamily PM operator, though at vastly larger national scale with institutional ownership.
• Bell Partners: Privately-held national multifamily investment and property management firm managing 80,000+ apartment units across the US. Comparable to LBPM's apartment management segment at larger institutional scale with similar private ownership model.
• Cushman & Wakefield: Global commercial real estate services firm offering property management, brokerage, and advisory across office, retail, and industrial. Comparable to LBPM's commercial property management division but at massive global scale.
• JLL (Jones Lang LaSalle): Global real estate services and investment management firm with large property management practice across commercial real estate. Comparable to LBPM's commercial management business at significantly larger scale and with public-company resources.
• Associa: One of the largest community association management companies in North America, focused exclusively on HOAs, condominiums, and planned communities. Directly comparable to LBPM's HOA management line, with national scale and private equity ownership.
• FirstService Residential: Largest residential property manager in North America, specializing in HOA, condominium, and high-rise management with national scale. Comparable to LBPM's HOA management segment but operates at much broader scale with public-company backing.

Direct peers

• FPI Management: Multifamily property management firm headquartered in California serving the Western US, managing apartment communities for institutional and private owners. Directly comparable to LBPM's apartment management segment with similar West Coast regional focus.
• Apartment Management Consultants (AMC): Multifamily property management firm focused on conventional and affordable apartment communities across the Western US. Comparable to LBPM's apartment management business with similar regional private-operator profile.
• KW Property Management & Consulting: Specializes in condominium and HOA association management across Florida and other US markets. Comparable to LBPM's HOA management business with similar mid-sized regional operator profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/lbpm-112773651528
• LinkedInlinkedin.com/company/lbpm

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 LBPM