First Property Management

Residential Property Managementfirstpmusa.com

First Property Management is a private residential and HOA property management firm founded in 2015, serving property owners, investors, and associations across Tennessee, Georgia, and Alabama. It delivers leasing, rent collection, maintenance coordination, and asset management through RentVine-powered owner and resident portals.

Company typePrivate
Founded2015
HeadquartersChattanooga, United States
Headcount1–10
GTM typeB2B
OfferingServices

What First Property Management does

First Property Management LLC is a privately held, full-service residential property and HOA management firm founded in 2015 and headquartered at 6170 Shallowford Road, Suite 103, Chattanooga, Tennessee. The company serves property owners, real estate investors, accidental landlords, and homeowner/property/condominium associations across a stated 3-hour service radius covering Tennessee, North Georgia, North Alabama, and Central Alabama. Its core offering is end-to-end residential property management — leasing, tenant screening, rent collection, 24-hour maintenance coordination, eviction management, property rehab/turn services, and account & asset management — paired with a separate HOA/POA/COA management product line covering financial oversight, vendor coordination, governance support, and compliance for residential and commercial associations. Select properties participate in the Section 8 / Housing Assistance voucher program.

The business runs on a distributed revenue model combining percentage-based property management fees, $70 non-refundable application fees, a $125 lease administrative fee, and recurring subscription revenue from the mandatory Resident Benefits Package ($39.99/month plus $5 per additional leaseholder), which bundles renter's insurance, utility concierge access, credit bureau reporting, and a 24-hour maintenance hotline. An optional Resident's Choice Security Deposit Program adds $50 enrollment and $25 monthly administrative fees plus installment-based deposit payments at participating properties. The technology stack is built on the third-party RentVine platform powering the owner portal, resident portal, and vendor portal, with a separate fpmapply.com portal handling online rental applications and GetAptly powering select listings. Customer acquisition is primarily sales-led through website quote requests and consultative outreach to investors, realtors, absentee owners, and small multifamily owners, supplemented by SEO-optimized property listings and an NARPM industry association membership. The company is investor-owned, has no disclosed institutional funding, and operates with a 1–10 employee footprint.

First Property Management firmographics

Firmographics

Name: First Property Management
Legal name: First Property Management LLC
Website: https://firstpmusa.com
Company type: Private
Founded year: 2015
Operating status: Operating
Headcount range: 1–10 employees
Short description: First Property Management is a private residential and HOA property management firm founded in 2015, serving property owners, investors, and associations across Tennessee, Georgia, and Alabama. It delivers leasing, rent collection, maintenance coordination, and asset management through RentVine-powered owner and resident portals.
Ownership category
akta.pro rank

First Property Management industry classification

Industry

Product category: Residential Property Management
NAICS: Residential Property Managers (531311), Real Estate Property Managers (53131)
SIC: Real Estate Agents & Managers (For Others) (6531)
akta.pro primary industry: Single-Family Rental (SFR) Property Management (BPAJAFAB)
akta.pro secondary industries: Multifamily Apartment Property Management (BPAJAFAA), HOA / Condominium Association Management (BPAJAFAH)

Keywords

Residential property management
HOA association management
Rental leasing services
Rent collection services
Tenant screening services

Where First Property Management is headquartered

Location

Headquarters

HQ city: Chattanooga
HQ country: United States
HQ region: North America

Offices1 record

Markets served

First Property Management business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain, Others

Revenue model

Property Management Fees: Revenue from managing rental properties for owners, typically a percentage of monthly rent. Services include leasing, rent collection, maintenance coordination, inspections, and financial reporting.
Application Fees: Non-refundable application fee of $70 per applicant charged for screening and processing rental applications.
Resident Benefits Package: Mandatory monthly fee of $39.99 per lease plus $5 per additional leaseholder for insurance, utility setup, maintenance support, and credit reporting services.
Lease Administrative Fees: One-time lease admin fee of $125 charged at move-in.
Resident's Choice Enrollment: Security deposit payment program with $50 non-refundable enrollment fee and $25 monthly administrative fee while balance remains unpaid.
HOA/POA/COA Management Services: Association management services including financial management, maintenance coordination, governance support, and compliance services for homeowner and property owners associations.

Pricing tiers

Model	Billing	Price
One time/ perpetual license	Pay-as-you-go	Application Fee
Subscription	Monthly	Resident Benefits Package
One time/ perpetual license	Pay-as-you-go	Lease Administrative Fee
Subscription	Monthly	Resident's Choice Program

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

First Property Management product offering

Product offering

Core offering

First Property Management provides full-service residential property management for single-family homes, duplexes, triplexes, quadplexes, and small multifamily communities, including leasing, rent collection, eviction coordination, 24-hour maintenance, property rehab, and account/asset management. It also delivers professional HOA/POA/COA association management covering financial management, maintenance coordination, governance compliance, board communication, and legal support. Tenant-facing add-on offerings include a mandatory Resident Benefits Package with renter's insurance and credit reporting, plus an optional Resident's Choice Security Deposit installment program at participating properties.

Product overview

First Property Management is a full-service residential property and HOA/POA/COA management company operating primarily in the Chattanooga, TN metro area with coverage extending into North Georgia, Northeast Alabama, and Central Alabama. Its core offering is Residential Property Management — encompassing leasing, rent collection, 24-hour maintenance coordination, eviction management, rehab/turn management, and account & asset management — alongside a separate HOA/POA/COA Management product. Two self-service web portals (Owner Portal and Resident Portal, both powered by RentVine) provide 24/7 online access to financial reports, rent payments, and maintenance requests. Two add-on modules augment the base lease: the Resident Benefits Package (mandatory $39.99/month add-on covering renter's insurance, utility concierge, credit reporting, and a late-fee waiver) and the Resident's Choice Security Deposit Program (an optional deposit installment plan at participating properties). A public-facing Online Rental Application Portal (fpmapply.com) handles applicant intake and screening.

Differentiator

Problem solved

Functional benefit

Companies that use First Property Management

Customer profile

Named customers5 records

Segments3 records

Ideal customer profiles2 records

First Property Management technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration4 records

Feature2 records

First Property Management partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered minor and core.

Citizen Home SolutionsminorStrategic or Co-development PartnerThird-party service coordinator partnered to assist residents with starting utilities (water, electricity, gas, internet/cable/satellite) at move-in. Contactable at (877) 528-3824 or www.myfreeconnection.com. This partnership provides convenience for new residents during the onboarding process.
RentVinecoreTechnology or IntegrationProperty management technology platform powering the company's owner portal, resident portal, and vendor portal. Used for listing properties, processing applications, managing rent payments, maintenance requests, and financial reporting. Online payment processing available through the platform.
NARPM (National Association of Residential Property Managers)minorOthersProfessional industry association membership indicating professional standards and adherence to NARPM codes of ethics for residential property management.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

First Property Management competitors and assessment

Company assessment

Broad incumbents

Willow Bridge Property Company: Willow Bridge is a national residential property manager spun out of Lincoln Property Company. Directly comparable in service offering (leasing, rent collection, maintenance) but serves institutional multifamily owners at scale.
Greystar Real Estate Partners: Greystar is the largest multifamily and residential property management operator in the U.S. Overlaps with FPM's small-multifamily and apartment management services, but operates at a vastly larger, mostly institutional scale.
RAM Partners: RAM Partners is a national multifamily property management firm. Overlaps with FPM's apartment and small-multifamily service line, but operates at a much larger institutional scale.
RPM Living: RPM Living is a large national third-party residential property manager with a heavy multifamily focus. Comparable in service mix (leasing, rent collection, maintenance) but serves institutional-grade portfolios far larger than FPM's regional book.
RangeWater Real Estate: RangeWater is a multifamily owner-operator and third-party manager with a strong Southeastern U.S. footprint. Geographic and product overlap with FPM, but RangeWater operates build-to-rent and institutional multifamily portfolios.
Lincoln Property Company: Lincoln Property Company is one of the largest diversified real estate operators in the U.S., with a sizable residential management arm. Comparable on residential property management services, but operates nationally and across multiple asset classes.

Direct peers

FirstService Residential: FirstService Residential is the largest residential property manager in North America and the dominant HOA/COA management provider. Directly comparable to FPM's HOA/POA/COA service line and overlapping on residential management, but at vastly greater scale.
Associa: Associa is a leading national HOA and community association management firm. Directly overlaps with FPM's HOA/POA/COA product and competes for the same residential community association customers.

Others

AppFolio: AppFolio is a property management software platform for residential and association managers. Not a direct competitor (FPM uses RentVine), but operates in the same ecosystem and serves overlapping small-to-mid property management firms.

Emerging players

Roofstock (Mynd): Roofstock (which acquired Mynd) is a tech-enabled single-family rental management marketplace and operator. Comparable on the single-family rental management service line, with a national digital GTM that contrasts with FPM's regional focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

First Property Management financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First Property Management leadership team

Management profile

Number of profiles

First Property Management funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

First Property Management M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Property Management

What does First Property Management do?

Is First Property Management a public or private company?

First Property Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was First Property Management founded?

First Property Management was founded in 2015. It employs 1 to 10 people.

Where is First Property Management based?

First Property Management is headquartered in Chattanooga, United States, in the North America region.

How does First Property Management make money?

Six revenue lines are on record. Property Management Fees are the primary driver. The others are application Fees, resident Benefits Package, lease Administrative Fees, resident's Choice Enrollment and HOA/POA/COA Management Services.

Who are First Property Management's main competitors?

Broad incumbents on record are Willow Bridge Property Company, Greystar Real Estate Partners, RAM Partners, RPM Living, RangeWater Real Estate and Lincoln Property Company. Direct peers are FirstService Residential and Associa. AppFolio is listed as an others. Roofstock (Mynd) is listed as an emerging player.

Does First Property Management have an API?

No public API is recorded for First Property Management.

What industry is First Property Management in?

First Property Management's product category is Residential Property Management. Its primary akta.pro industry code is BPAJAFAB, Single-Family Rental (SFR) Property Management, with a secondary code of BPAJAFAA, Multifamily Apartment Property Management. Its NAICS code is 531311 and its SIC code is 6531.