Karma Property Management
Karma Property Management Ltd. is a Winnipeg-based property management firm providing condominium, residential rental, and commercial management services to property owners, condominium boards, investors, and landlords across Manitoba.
- Company typePrivate
- Founded2009
- HeadquartersWinnipeg, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Karma Property Management does
Karma Property Management Ltd. is a privately held, locally owned property management firm headquartered at 671 Pembina Highway in Winnipeg, Manitoba. Founded in 2009 and operating with 11-50 employees, the company delivers three core managed-services lines: condominium management (financial administration, regulatory compliance under the Condominium Act, board meeting support, and project oversight for new developments), residential rental management (tenant screening, lease administration, rent collection with deposits on the 15th of each month, and maintenance coordination), and commercial property management covering office buildings, shopping centers, and industrial parks.
The underlying technology stack combines Spectra property management software for back-office accounting, QuickBooks for payroll and bookkeeping, a proprietary Owner Portal (owners.karmaproperties.ca) for property investor reporting, an online rental application built on JotForm, pre-authorized debit payment systems, and a 24-hour emergency response line for tenants. Property listings are presented through a content-marketing website (karmaproperties.ca) with SEO-optimized listings, and the company is a member of PPMA, CCI, and compliant with Manitoba Securities Commission trust conditions.
Revenue is generated through managed-services fees on condominiums (percentage of property value or flat per-unit rates) and on residential and commercial properties, with advertised unit pricing ranging from $614/month for commercial office space to $2,700/month for premium residential units. Distribution is primarily direct via the Winnipeg office and through relationship-led sales to condominium boards, real estate investors, developers, and landlords in Manitoba; tenant-facing touchpoints are increasingly self-serve via the online application portal and Owner Portal. The customer base spans condominium corporations (primary), real estate investors and landlords, commercial property owners, and residential tenants.
Karma Property Management firmographics
Firmographics- Name
- Karma Property Management
- Legal name
- Karma Property Management Ltd.
- Website
- https://karmaproperties.ca
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Karma Property Management Ltd. is a Winnipeg-based property management firm providing condominium, residential rental, and commercial management services to property owners, condominium boards, investors, and landlords across Manitoba.
- Ownership category
- akta.pro rank
Karma Property Management industry classification
Industry- Product category
- Property Management Services
- NAICS
- Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Residential Property Managers (531311)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Condominium Association Management (BPAJAHAA)
- akta.pro secondary industry
- Office Property Management (BPAJAGAA)
Keywords
Where Karma Property Management is headquartered
LocationHeadquarters
- HQ city
- Winnipeg
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Karma Property Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Condominium Management Fees: Managing condominium corporations including financial affairs (budgeting, collecting fees, accounts payable/receivable), maintenance, compliance, and board meeting coordination. Fees are typically charged as a percentage of property value or a flat monthly rate per unit.
- Residential Rental Management: Overseeing day-to-day rental property operations including tenant screening, lease agreements, rent collection, and maintenance coordination. Income deposited on the 15th of each month minus repair expenses and management fees.
- Commercial Property Management: Managing commercial properties including office buildings, shopping centers, and industrial parks. Includes tenant relations, rent collection, property marketing, and lease negotiation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Annual | Chancellor Gate - 1-2 bedroom condo from $1,635/month |
| Unit Pricing | Annual | Aura & Lumen Towers - 1 bed from $1,360/month, 2 bed from $1,650/month |
| Unit Pricing | Annual | The Mosaic Condos - 1 bed from $1,350/month, 2 bed from $1,650/month |
| Unit Pricing | Monthly | Commercial Office Space - Starting from $614/month |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Karma Property Management product offering
Product offeringCore offering
Karma Property Management delivers full-service property management across three lines: Condominium Management (financial administration, board support, regulatory compliance, maintenance, and project management), Residential Rental Management (tenant screening, leasing, rent collection, and maintenance coordination for landlords and investors), and Commercial Property Management (tenant relations, rent collection, lease negotiation, and operations for office buildings, shopping centers, and industrial parks). The company also manages a portfolio of Winnipeg rental properties, primarily condominium units, that it leases directly to tenants.
Product overview
Karma Property Management offers a comprehensive property management platform consisting of three core service lines: Condominium Management, Rental Management, and Commercial Management services. These services are delivered through a combination of their proprietary management processes and third-party platforms including an Owner Portal for account access and an Online Rental Application system via JotForm. Their portfolio includes over 20 rental properties across Winnipeg, Manitoba, ranging from luxury condo towers (Aura & Lumen Towers, The Mosaic Condos, Chancellor Gate) to townhouses and commercial office spaces. The company leverages industry-standard software including Spectra for property management accounting and QuickBooks for payroll and bookkeeping operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Condominium Management Services
Quantifiable outcome
- 24-hour turnaround time for all communication (barred extenuating circumstances)
- +2 more outcomes
Companies that use Karma Property Management
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
Karma Property Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Karma Property Management partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- PPMA (Professional Property Managers Association)coreProfessional membership organization for property managers in Manitoba. Karma Property Management is a proud member, demonstrating commitment to industry standards and best practices in property management.
- CCI (Canadian Condominium Institute)coreNational organization providing education and resources for condominium communities. Membership demonstrates Karma's expertise in condominium management and commitment to professional development.
- Manitoba Securities CommissioncoreRegulatory body overseeing securities in Manitoba. Karma Property Management Ltd. complies with all requirements and trust conditions imposed by the Commission, ensuring proper handling of client funds and regulatory compliance.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Karma Property Management competitors and assessment
Company assessmentBroad incumbents
- Colliers International: Global professional services and investment management company offering commercial property management, brokerage, and real estate advisory. Directly comparable to Karma's commercial property management service line, though at much larger scale.
- Cushman & Wakefield: Global commercial real estate services firm offering property management, valuation, and advisory. Comparable to Karma's commercial management arm, though at significantly broader scope and scale.
- FirstService Residential: One of North America's largest residential property managers, providing condominium and rental management services across Canada and the U.S. Overlap with Karma on condo and residential management, though at vastly greater scale and geographic breadth.
- CBRE: World's largest commercial real estate services firm, providing property management, leasing, and advisory. Overlaps with Karma on the commercial property management service line within a much broader portfolio.
- Brookfield Properties: Owner, operator, and developer of office, retail, and multifamily real estate globally, including extensive Canadian assets. Comparable to Karma on the commercial and multifamily owner-operator model, though at vastly larger scale.
Direct peers
- Akelius: European-rooted apartment owner and operator expanding into North America, with a focus on urban rental management. Comparable to Karma on operational management of multi-unit residential properties.
- Realstar Management: Canadian hospitality and real estate firm with a property management arm handling condominium and rental assets. Comparable service lines (condo + rental + mixed-use) and Canadian operating footprint.
- Morguard: Canadian real estate company that owns and manages a multi-billion-dollar portfolio of residential and commercial properties, including condominium management. Directly comparable to Karma on the owner-operator + third-party management dual model.
- Boardwalk REIT: Canadian REIT owning and managing a large portfolio of multifamily rental properties, primarily in Western Canada including Alberta, Saskatchewan, and BC. Overlaps with Karma on residential rental management in the Western Canadian market.
- CAPREIT (Canadian Apartment Properties REIT): Canadian REIT that owns and manages a large portfolio of multi-residential rental properties across Canada. Directly comparable to Karma's residential rental management operations in the Canadian market.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Karma Property Management social profiles
Digital presenceKarma Property Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Karma Property Management leadership team
Management profileNumber of profiles
Profiles10 records
Karma Property Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Karma Property Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Karma Property Management
What does Karma Property Management do?
Karma Property Management delivers full-service property management across three lines: Condominium Management (financial administration, board support, regulatory compliance, maintenance, and project management), Residential Rental Management (tenant screening, leasing, rent collection, and maintenance coordination for landlords and investors), and Commercial Property Management (tenant relations, rent collection, lease negotiation, and operations for office buildings, shopping centers, and industrial parks). The company also manages a portfolio of Winnipeg rental properties, primarily condominium units, that it leases directly to tenants.
Is Karma Property Management a public or private company?
Karma Property Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Karma Property Management founded?
Karma Property Management was founded in 2009. It employs 11 to 50 people.
Where is Karma Property Management based?
Karma Property Management is headquartered in Winnipeg, Canada, in the North America region.
How does Karma Property Management make money?
Three revenue lines are on record. Condominium Management Fees are the primary driver. The others are residential Rental Management and commercial Property Management.
Who are Karma Property Management's main competitors?
Broad incumbents on record are Colliers International, Cushman & Wakefield, FirstService Residential, CBRE and Brookfield Properties. Direct peers are Akelius, Realstar Management, Morguard, Boardwalk REIT and CAPREIT (Canadian Apartment Properties REIT).
Does Karma Property Management have an API?
No public API is recorded for Karma Property Management.
What industry is Karma Property Management in?
Karma Property Management's product category is Property Management Services. Its primary akta.pro industry code is BPAJAHAA, Condominium Association Management, with a secondary code of BPAJAGAA, Office Property Management. Its NAICS code is 53131 and its SIC code is 6531.