Local Property Management

What Local Property Management does

Local Property Management is a privately held, family-run property management company headquartered in Bellingham, Washington. Unlike conventional third-party property managers, the company builds and owns every property in its portfolio and does not accept management contracts from outside landlords. The portfolio comprises residential apartments (Fairhaven Harbor Apartments and The Jake Apartments), single-family rental homes, and commercial spaces distributed across communities from Seattle to Blaine, WA.

Operations are supported by AppFolio, a third-party SaaS platform that powers the company's online tenant portal. Prospective tenants use the portal to submit applications (at $48 per applicant), pay holding fees equal to one-quarter of the security deposit, and complete a same-day approval process. Existing tenants access balances, make rent payments, and submit maintenance requests online; maintenance escalations are also handled via a dedicated email channel. Showings are by appointment, with weekend availability subject to two-day advance notice.

The business model combines recurring rental income from owned properties with transactional revenue from application fees, holding fees, and pet-related charges (a one-time $400 pet fee plus $50 monthly pet rent in apartments, with no breed or weight restrictions). Marketing and tenant acquisition are conducted almost entirely through the company website (seelocalproperty.com), direct phone contact, and word-of-mouth referrals, with no disclosed paid acquisition, institutional investors, or third-party management revenue.

Name

Local Property Management

Legal name

Local Property Management

Website

https://seelocalproperty.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Local Property Management is a family-run Bellingham, WA company that owns and operates a small portfolio of residential and commercial rental properties from Seattle to Blaine, using AppFolio for tenant applications, rent collection, and maintenance requests.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

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

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Single-Family Rental (SFR) Property Management (BPAJAFAB), Mixed-Use Property Management (BPAJAGAE)

Keywords

• Residential property management
• Apartment rentals
• Tenant management services
• Commercial space leasing
• Rental property portfolio

Headquarters

HQ city

Bellingham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Application and Holding Fees: One-time fees including $48 application fee per applicant and a holding fee equal to one-quarter of the security deposit to reserve a unit during application processing.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Local Property Management is a Bellingham-based, family-run property management company that builds, owns, and operates a portfolio of residential and commercial rental properties across the Seattle-to-Blaine, WA corridor. The company manages Fairhaven Harbor Apartments, The Jake Apartments, single-family homes, and commercial spaces directly, providing tenants with a streamlined online application process, AppFolio-based tenant portal for online rent payment and maintenance requests, and pet-friendly leasing with no breed or weight restrictions.

Product overview

Local Property Management is a family-run property management company that owns and operates a portfolio of residential and commercial properties across the Bellingham, WA region (from Seattle to Blaine). Their portfolio includes Fairhaven Harbor Apartments, The Jake Apartments, various single-family homes, and commercial spaces. They offer tenant-facing services including a streamlined online rental application with same-day approval, an AppFolio-based tenant portal for rent payments and maintenance requests, and weekend showings by appointment. The company does not manage third-party properties—each property they manage is owned by the company.

Differentiator

Problem solved

Functional benefit

Products and services

• Fairhaven Harbor Apartments Apartment complex owned and managed by Local Property Management, offering residential rental units in the Fairhaven neighborhood of Bellingham, WA, for individuals and families.
• The Jake Apartments Apartment complex owned and managed by Local Property Management as part of their residential rental portfolio in the Bellingham, WA area.
• Rental Homes Single-family residential rental homes owned and managed by the company across the Bellingham, WA area, from Seattle to Blaine, WA.
• Commercial Spaces Commercial rental properties owned and managed by the company in the Bellingham, WA area, leased to local businesses.
• Online Rental Application Streamlined digital application process allowing prospective tenants to apply for available rentals and receive same-day approval decisions.
• Tenant Portal AppFolio-based online tenant portal enabling residents to view balances, make rent payments, and submit maintenance requests.

Named customers5 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

Integration1 record

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Others

• AppFolio: AppFolio is the property management software platform that Local Property Management uses for tenant portal, rent collection, and maintenance requests. It is a technology enabler rather than a competitor, but central to the company's operating model.

Broad incumbents

• Greystar Real Estate Partners: Greystar is the world's largest multifamily property management and investment firm, managing over 800,000 units. While vastly larger in scale, it operates in the same multifamily property management space that constitutes Local Property Management's core business.
• Asset Living: Asset Living is one of the largest third-party multifamily property managers in the U.S., managing over 300 properties. It is a broad incumbent in residential property management with overlapping service offerings to Local Property Management's apartment portfolio.
• RPM Living: RPM Living is a national multifamily property management company. Like Local Property Management, it manages residential apartment communities, but at a national scale and primarily on a third-party management basis.
• Pinnacle Property Management: Pinnacle is a large multifamily property management firm operating across multiple U.S. markets. It represents the scaled, third-party-managed version of what Local Property Management does on a local owner-operator basis.
• Bozzuto Group: Bozzuto is a diversified real estate company with multifamily property management as a core service, alongside development and construction. It is a broad incumbent comparable to Local Property Management's build-and-own + manage integrated model.

Direct peers

• Windsor Communities: Windsor Communities owns and manages a portfolio of multifamily apartment communities, combining ownership with property management. It is comparable to Local Property Management's owner-operator model in the multifamily space.
• Hawthorne Residential Partners: Hawthorne Residential Partners is a multifamily property management firm serving owners of apartment communities. It is a direct comparable in residential property management services, though at substantially greater scale.
• HomeRiver Group: HomeRiver Group is a national single-family rental and multifamily property management company. It is a direct peer given Local Property Management's mix of apartment and single-family rental management.
• American Campus Communities: American Campus Communities is a large student housing owner and manager. It is comparable to the Samish Station off-campus student housing component of Local Property Management's portfolio.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/seelocalproperty

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 Local Property Management