302 Properties

What 302 Properties does

302 Properties is a privately held Delaware-based real estate services company founded in 2009 that provides full-service property management, maintenance, renovation, rental listings, cash home buying, and investor support services. The company primarily serves individual and small-portfolio property owners, residential tenants, and home sellers across the Delaware valley, with portfolio acquisition operations extending into Pennsylvania and Maryland. A sister company, NDG 302, operates alongside it in distressed-property acquisition and resale. The firm is led by Managing Partners Ryan German and Lou Honick, Operations Manager Jason Foltz, and Property Manager James Beeson, operating out of a single office in Newark, Delaware.

The company's core proprietary technology is Cloud Rental Manager, a cloud-based property management software platform bundled free of charge to clients. The platform supports rent payment tracking, tenant communication, maintenance request submission and monitoring, and general property activity oversight, paired with an online rental application system accessible through the company's website. The business also generates revenue through one-time cash home purchases, renovation and turnover services, rental listings, and managed investor advisory services for portfolio acquisition and management across Delaware, Pennsylvania, and Maryland.

Revenue mechanics span recurring property management fees (subscription-style, with management fees not publicly disclosed), transactional rental listing fees, one-time cash home purchases, and professional services revenue from maintenance, turnover, and renovation work. Distribution is direct-to-customer via the 302properties.com website, phone sales at (302) 525-4302, and in-person service delivery, targeting SMB and individual consumers rather than institutional clients. Sample rental pricing is $3,100/month plus $40/month trash for a 4-bedroom single-family home, and the firm operates as both a third-party property manager and a direct buyer/seller of residential real estate.

Name

302 Properties

Legal name

302 Properties

Website

https://302properties.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

302 Properties is a privately held Delaware-based real estate services company, founded in 2009, that provides full-service property management, maintenance, renovation, rental listings, cash home buying, and investor support to individual and small-portfolio property owners, tenants, and home sellers in Delaware, Pennsylvania, and Maryland, supported by its proprietary Cloud Rental Manager software.

Ownership category

akta.pro rank

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

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

Keywords

• Residential property management
• Rental property services
• Cash home buying
• Property maintenance and renovation
• Rental investment portfolios

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Property Management Fees: Full-service property management including rent collection, tenant communication, marketing, and day-to-day operations for residential and commercial rentals.
2. Rental Listings: Property listings for rent and sale, filling vacancies for landlords.
3. Cash Home Buying: Direct cash purchase of properties without repairs, showings, or delays - serving sellers looking for simple sales and investors.
4. Renovation Services: Property renovation and improvement services to increase property value and rental readiness.
5. Investor Support: Guidance on acquisition, renovation, and management of rental portfolios across Delaware, Pennsylvania, and Maryland.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

302 Properties provides full-service residential and commercial property management in Delaware, handling rent collection, tenant communication, marketing, day-to-day operations, maintenance coordination, property turnover, and renovation. The company also buys Delaware homes directly for cash and acquires rental portfolios from investors across Delaware, Pennsylvania, and Maryland. Its proprietary Cloud Rental Manager software is bundled at no additional cost with management services, enabling rent tracking, maintenance request monitoring, and tenant communication in one platform.

Product overview

302 Properties is a Delaware-based property management company offering a suite of real estate services combined with proprietary Cloud Rental Manager software. The company provides full-service property management (rent collection, tenant communication, day-to-day operations), maintenance and renovation services, rental listings, cash home buying, and investment portfolio support. The Cloud Rental Manager platform is included at no additional cost to clients and provides rent tracking, maintenance request management, and tenant communication tools. The company operates across Delaware, Pennsylvania, and Maryland, and has been serving the market since 2009.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Services Full-service property management for residential and commercial rentals, including rent collection, tenant communication, marketing, and day-to-day operations. Designed for Delaware property owners and small investors who want to outsource the ongoing operation of one or more rental units.
• Property Maintenance Services Coordinated repair and maintenance services to keep rental properties safe and functional, with reliable response and tracking for tenants and owners. Used by tenants of 302 Properties-managed properties and by owners needing ongoing upkeep.
• Property Turnover Services End-to-end turnover services between tenants, including inspections, repairs, cleaning, and preparation of the property for new occupants. Used by property owners between leases to keep units rental-ready.
• Renovation Services Property improvement and renovation services aimed at increasing property value, usability, and rental readiness. Targeted at Delaware property owners and investors who need to upgrade units before sale or rental.
• Rental Listings Marketing and listing of rental properties to fill vacancies faster through the 302 Properties website and channels. Used by property owners to attract tenants and by renters searching for Delaware rental homes.
• We Buy Delaware Homes for Cash Direct cash purchase of Delaware homes with no repairs, showings, or delays. Targeted at owners of inherited properties, homes needing major repairs, vacant homes, and tenant-occupied properties who want a quick, simple sale.
• Purchase Rental Property Portfolios Acquisition service for investors looking to grow or exit rental portfolios, with guidance on acquisition, renovation, and ongoing management. Targeted at investors in Delaware, Pennsylvania, and Maryland.
• Cloud Rental Manager Cloud-based property management software that tracks rent payments and financial activity, manages tenant communication, submits and monitors maintenance requests, and keeps property owners updated on activity. Included at no cost with 302 Properties' property management services.

Quantifiable outcome

• Eliminate separate software subscription costs
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Green Residential: Residential property management firm concentrated in Texas, offering a similar full-service management + maintenance + tenant placement bundle. Comparable operating model and customer base, but focused on a different U.S. region.

Direct peers

• Mynd: Tech-enabled residential property manager specializing in single-family rentals across the U.S. Similar customer base of small/mid-portfolio landlords and similar integrated software-plus-services model, though at greater scale and with venture backing.
• Real Property Management: Franchise-based residential property management network with local operators across the U.S. Most directly comparable peer: targets the same SMB landlord and tenant segments with a similar service bundle, including maintenance and tenant placement.
• Evernest: Residential property management firm serving owners of single-family and small multifamily rentals across multiple U.S. markets. Comparable offering stack (management, maintenance, leasing) and similar customer profile to 302 Properties, with greater regional reach.
• HomeRiver Group: National residential property management company offering full-service management across multiple U.S. markets. Comparable to 302 Properties in core service mix (rent collection, maintenance, tenant relations) but at significantly larger scale and broader geographic footprint.

Emerging players

• Buildium: Property management software platform for residential portfolios. Functional overlap with Cloud Rental Manager on rent tracking, tenant communication, and maintenance workflows; targets the same SMB landlord audience.
• DoorLoop: Cloud-based property management software platform serving small-to-mid residential landlords. Comparable to the Cloud Rental Manager functionality at 302 Properties, but sold as a standalone SaaS product rather than bundled free with management services.
• Belong Homes: Tech-enabled residential property manager focused on single-family rentals. Competes for the same SMB landlord segment as 302 Properties with a stronger technology brand and venture backing, but with less depth in renovation and cash acquisition services.

Broad incumbents

• Roofstock: Single-family rental investment marketplace and management platform. Comparable to 302 Properties' combination of rental portfolio acquisition and ongoing management, but operates at national scale with institutional capital.
• AppFolio: Established property management software and services provider serving residential portfolios of all sizes. Competes with Cloud Rental Manager on functionality and with 302 Properties indirectly for owner mindshare, but with much broader enterprise reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xtwitter.com/302properties
• YouTubeyoutube.com/302properties
• Facebookfacebook.com/302Properties
• LinkedInlinkedin.com/company/302-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 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 302 Properties