Veritas Property Management

What Veritas Property Management does

Veritas Property Management is a family-owned residential property management firm headquartered in Missoula, Montana, operating since 2000 under licensed property manager Jeremy Milyard (License #11640). The company manages a portfolio of rental properties across three Montana markets — Missoula, Florence, and Stevensville — serving individual landlords and tenants with full-service property management including tenant screening, lease administration, rent collection, maintenance coordination, and year-end financial reporting. Service delivery is powered by the AppFolio Property Manager platform, which provides cloud-based tenant and owner portals, online rent collection, maintenance request tracking, and mobile apps on iOS and Android.

The business runs on a contingency-based revenue model: management fees are only charged when a property is occupied, aligning incentives with the owner's occupancy goals. Supplementary revenue streams include maintenance call pass-through fees, a $60 tenant application fee, pet deposits ($300 per pet) and monthly pet rent ($50 per pet), and an add-on Vacant Home Management service for out-of-town and seasonal owners covering inspections, mail pickup, appliance checks, landscaping, and pest monitoring. Marketing relies on the company website, AppFolio marketplace listings, organic social (Facebook, Twitter, Pinterest), SEO/directories, and word-of-mouth referrals.

The firm is privately held with no disclosed institutional investors, parent company, or funding history. It operates a single office at 3201 S Russell St, Missoula, with a staff of 11–50 employees, and has no recorded acquisitions, leadership changes, regulatory actions, or product launches beyond the AppFolio-enabled portals and vacant home service line. Technology stack is entirely third-party (AppFolio); no proprietary software, APIs, SDKs, or AI capabilities are disclosed.

Name

Veritas Property Management

Legal name

Veritas Property Management

Website

https://veritasmt.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Veritas Property Management is a family-owned residential property management firm in Missoula, Montana, serving individual landlords and tenants across Missoula, Florence, and Stevensville with full-service rental management, AppFolio-powered tenant and owner portals, and add-on vacant home monitoring.

Ownership category

akta.pro rank

Product category

Residential Property Management Services

NAICS

Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Residential Lease Administration & Tenant Services (BPAJAFAL), Residential Maintenance & Turnover Services (Make-Ready, Inspections) (BPAJAFAM)

Keywords

• Residential property management
• Rental management services
• Tenant screening services
• Vacant home services
• Landlord property management

Headquarters

HQ city

Missoula

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

Revenue model

1. Property Management Fees: Property owners pay management fees only when their property is rented out. No fees are charged for vacant properties. This aligns the company's incentives with the property owner's goal of occupancy.
2. Maintenance Services: Fees for maintenance calls in response to necessary repairs. These are passed through to property owners as additional costs beyond the base management fee.
3. Application Fees: Prospective tenants pay a $60 application fee to apply for rental properties.
4. Vacant Home Services: Additional services offered for vacant homes including safety inspections, maintenance inspections, mail pickup, appliance checks, landscaping inspection, and pest inspection.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Veritas Property Management provides full-service residential property management for landlords and property owners in the Missoula, Montana area, including advertising vacant units, tenant screening, lease signing, rent collection, maintenance coordination, accounts payable, and year-end tax reporting. The company also offers vacant home monitoring services for out-of-town owners and operates tenant and owner portals powered by AppFolio for online rent payment, maintenance requests, and financial document access.

Product overview

Veritas Property Management is a single-location, family-owned residential property management company serving Missoula, MT and surrounding areas (Florence, Stevensville) since 2000. The company operates as a unified service offering built around its core Residential Property Management Services, supplemented by a Vacant Home Management add-on for out-of-town property owners. Both tenants and property owners interact with the company through AppFolio-powered portals: the Tenant Online Portal enables rent payments, maintenance requests, and account management; the Owner Portal provides financial statements, documents, and payment processing. Property listings are accessible via the public website and AppFolio-integrated application system.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Property Management Services Full-service residential property management for landlords and property owners in Missoula, Florence, and Stevensville, Montana, including advertising vacant units, tenant screening, lease signing, rent collection, maintenance coordination, accounts payable, and year-end tax reporting. Pricing is contingency-based with no management fees when a property is vacant.
• Vacant Home Management Monitoring and care services for vacant properties, including indoor safety and maintenance inspections, mail pickup, appliance checks, landscaping inspection, pest inspection, and perimeter walks, tailored for owners of summer homes or extended absences in the Missoula area.

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• AppFoliocoreTechnology or IntegrationAppFolio provides the cloud-based property management software platform powering Veritas's tenant and owner portals, online rent collection, maintenance request tracking, and financial reporting. Veritas uses AppFolio's technology to manage listings, applications, and day-to-day operations.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Real Property Management: National franchise network of residential property managers serving small landlords and investors with full-service management, similar in target customer (individual landlords and small-portfolio owners) and service scope to Veritas, but operating as a franchised brand across many geographies.
• All County Premier Property Management: Franchised residential property management brand offering tenant placement, rent collection, maintenance, and owner reporting to small-scale landlords, directly comparable to Veritas's service mix and SMB landlord customer profile.

Broad incumbents

• Greystar: Largest residential rental property manager globally, operating multifamily communities at scale with full-service leasing, maintenance, and asset management; relevant as the dominant incumbent whose scale and technology investment define the long-term competitive direction for local PMs like Veritas.
• Cushman & Wakefield: Global commercial real estate services firm with a substantial property management practice across residential, multifamily, and specialty assets; relevant as a broad incumbent that competes for outsourced management mandates and could plausibly acquire local PMs like Veritas to densify regional coverage.
• Asset Living: Large third-party multifamily property manager offering comprehensive residential management services including leasing, maintenance, and resident experience; comparable to Veritas in core residential management function but with a national portfolio and institutional client base.

Emerging players

• Fourandhalf: Tech-enabled residential property management services company targeting small landlords with a hybrid local-staff + software model; comparable to Veritas in customer segment and full-service offering, with a more distributed growth approach than a traditional local operator.

Others

• AppFolio: Cloud-based property management software platform that powers Veritas's tenant and owner portals, listings, rent collection, and maintenance workflows; included as an enabling technology provider rather than a competitor, but its trajectory shapes Veritas's operating economics.
• Buildium: Property management software platform competing with AppFolio in the small-to-mid residential landlord segment; relevant as an alternative vendor Veritas could migrate to and as a useful comparator for the underlying SaaS layer Veritas depends on.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Veritas Property Management