Connect Property Management

What Connect Property Management does

Connect Property Management, LLC is a privately held, Bozeman, Montana-based property management firm operating a diversified portfolio of 12+ residential properties and 2 commercial properties across the Gallatin Valley, collectively representing more than $500 million in managed assets. The company was reorganized into its current form in 2017 by founder Kristin Fetterman, who assumed control of the legacy LRD Company in 2018, building on a property management practice originating in Bozeman in 1979. Residential inventory spans luxury downtown apartments (The Ives, Black Olive, One11 Lofts), student housing near Montana State University (University Crossing, Greek Way, Revival), market-rate apartments (Cottonwood, Spanish Peak, Millhouse), and luxury townhomes (The Grange, Walton Homestead). Commercial holdings include Olive Street Warehouses (storage) and 251 Edelweiss (office).

The firm's core operating technology is AppFolio Property Manager, which powers online tenant and owner portals for rent collection, maintenance requests, financial reporting, and document storage; tenants and owners access these via web and native iOS/Android apps. Marketing and distribution leverage CoStar and Zillow listing networks, Google Ads for paid acquisition, and Matterport 3D virtual tours for property showcasing. The in-house team of fewer than 10 employees, led by Kristin Fetterman with Jayson Fetterman overseeing operations/HR/IT and David Perlstein leading business development, collectively brings over 45 years of asset management experience.

Revenue is generated from three streams: recurring monthly property management fees charged to owners (typically a percentage of rent collected), transaction-based leasing and tenant placement fees, and maintenance coordination services with vendor markup. Pricing for renters ranges from roughly $1,500/month for value-oriented one-bedroom units to over $3,650/month for luxury three-bedroom townhomes, with $50 application fees and $60-$75 monthly pet rent as add-ons. The go-to-market is sales-led with a direct-to-consumer overlay: owners are acquired through relationship-based outreach and referrals, while renters are reached via the company website (connectbozeman.com), CoStar, Zillow, and a physical leasing office. Services have been expanded to include pre-development consulting for developers and financial advisory (proformas, staffing plans, budget forecasting), positioning the firm to participate earlier in the real estate lifecycle.

Name

Connect Property Management

Legal name

Connect Property Management, LLC

Website

https://connectbozeman.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

1–10 employees

Short description

Connect Property Management is a privately held, Bozeman, Montana-based property management firm operating 12+ residential and 2 commercial properties across the Gallatin Valley, managing over $500 million in assets on the AppFolio platform for property owners and renters in Bozeman and Belgrade.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Nonresidential Property Managers (531312)

SIC

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

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Mixed-Use Property Management (BPAJAGAE), Residential Lease Administration & Tenant Services (BPAJAFAL)

Keywords

• Residential property management
• Commercial property management
• Tenant placement services
• Rental property management
• Real estate management

Headquarters

HQ city

Bozeman

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: Monthly management fees charged to property owners for comprehensive property management services including leasing, maintenance coordination, tenant relations, and financial reporting. The company states they provide 'full breakdown of monthly fees, leasing costs, and maintenance markups' for owners.
2. Leasing and Tenant Placement Fees: Fees charged for tenant placement services including marketing properties, screening applicants, and facilitating lease agreements. Referenced in their blog about property management fees breakdown.
3. Maintenance Services: Revenue from maintenance markups and coordination of repairs through in-house teams and vendor partners. The company provides routine maintenance and 24-hour emergency maintenance services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Connect Property Management provides full-service residential and commercial property management in Bozeman and Belgrade, Montana. The company manages a portfolio of 12+ residential properties and 2 commercial/storage properties representing over $500 million in managed assets, offering leasing, tenant screening, maintenance coordination, financial reporting, and owner consulting services. Tenants are served through an AppFolio-powered Tenant Portal for rent payment and maintenance requests, while owners access real-time financial dashboards via the Owner Portal.

Product overview

Connect Property Management operates a diversified portfolio of residential and commercial properties across Bozeman and Belgrade, Montana, totaling over $500 million in managed assets. The company offers two distinct service platforms—a Tenant Portal and Owner Portal—both powered by AppFolio for online rent payments, maintenance requests, and financial reporting. Their residential portfolio includes luxury downtown apartments (The Ives, Black Olive, One11 Lofts), student housing near Montana State University (University Crossing, Greek Way), market-rate apartments (Revival, Cottonwood, Spanish Peak, Millhouse), luxury townhomes (The Grange, Walton Homestead), and commercial/storage properties (Olive Street Warehouses, 251 Edelweiss). Services encompass property management, leasing, maintenance, marketing, financial consulting, and pre-development consulting for investors and developers.

Differentiator

Problem solved

Functional benefit

Products and services

• The Ives Luxury apartment community in downtown Bozeman featuring one-, two-, and three-bedroom residences with mountain views, quartz countertops, stainless steel appliances, climate-controlled parking, 24/7 fitness center, co-working space, bike and ski storage, and rooftop amenities.
• Black Olive Luxury downtown Bozeman apartments with stainless steel appliances, quartz countertops, private balconies, climate-controlled parking garage, fitness center access, and utilities included in rent.
• One11 Lofts Contemporary luxury lofts in downtown Bozeman with 122 units, featuring two fitness centers, 3,000 sq ft Zen-inspired courtyard, climate-controlled parking, EV charging, ski and bike storage workshops, and all-inclusive amenity fee covering utilities and internet.
• The Grange Luxury two- and three-bedroom townhomes in Bozeman's west end with two-story layouts, 2.5 baths, EV charging capable garages, walk-in closets, luxury vinyl plank floors, in-unit washer/dryer, and pet-friendly options.
• Millhouse East & West Contemporary two-bedroom apartments on Bozeman's west side featuring private balconies with mountain views, in-unit washer/dryer, luxury vinyl plank flooring, quartz countertops, central air conditioning, and pet-friendly community.
• University Crossing Modern student and professional housing near Montana State University with one-bedroom layouts including dens and ADA-accessible units, on-site gym, stainless steel appliances, balconies, and fitness center access.
• Revival Apartments Renovated two-bedroom apartments near Montana State University featuring butcher block countertops, new flooring, updated fixtures, energy-efficient windows, coin-operated laundry, with water, sewer, and garbage included in rent.
• Cottonwood Apartments Two-bedroom dual-level units with private balconies connected to master bedroom, open-concept ground floor living space, stacked washer/dryer, off-street parking, and landscaped grounds.
• Greek Way Apartments Two-bedroom, one-bath student housing units near Montana State University with extra storage closet, front-loading washer/dryer, off-street parking, and professionally manicured grounds.
• Walton Homestead Three-level three-bedroom, 2.5-bathroom townhomes with private balconies, attached single-stall garage, soaring ceilings, stainless steel appliances, and front-loading washer/dryer.
• Spanish Peak Apartments on Bozeman's South Side near MSU with stainless steel appliances, vinyl plank flooring, walk-in closets, exterior storage, off-street parking, basketball court, and pre-installed high-speed internet. Smoke-free community, no pets permitted.
• Olive Street Warehouses and Mini Storage Storage facility at 412 E Olive St with 37 total units including 27 standard storage units (approx. 100 sq ft each) and 10 larger warehouse units for businesses and individuals, offering flexible access hours and no long-term commitments.
• 251 Edelweiss Professional office space in Bozeman with first-floor open plan suite (four private offices, kitchenette) and second-floor 2,163 sq ft suite (six private offices, reception areas, kitchenettes, bathrooms, storage), elevator access, and flexible leasing options.
• Property Management Services Comprehensive property management services for owners and investors including leasing, maintenance, inspections, accounting, financial reporting, marketing with virtual staging and video walkthroughs, financial consulting, transition and acquisition support, and pre-development consulting for developers.
• Tenant Portal AppFolio-powered online portal enabling residents to pay rent, submit maintenance requests, communicate with management, and submit proof of renters insurance. Available via web and mobile apps for iOS and Android.
• Owner Portal Online portal for property owners to view financial statements, access documents, set up payment options, and monitor property performance with 24/7 access to financial summaries and monthly reports.

Quantifiable outcome

• Manage over $500 million in assets across Gallatin County
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

One partnership is on record.

• AppFolio Property ManagercoreTechnology or IntegrationAppFolio is the core property management technology platform powering Connect Property Management's operations. This includes tenant screening, rental applications, rent payments, maintenance requests, owner portals, and financial reporting. The partnership enables online convenience for tenants while providing comprehensive management tools for the company.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Vacasa: National vacation and full-time rental manager with a presence in Montana resort/lifestyle markets; overlaps with Connect's luxury segment (The Ives, Black Olive) for short/medium-stay and amenitized rentals, but at a national scale and different business model.
• Real Property Management (RPM) — Montana franchise: National franchise brand with a Montana location; offers standardized residential property management services and competes against Connect with national brand backing and process-driven marketing — comparable in service scope but with broader corporate infrastructure.

Others

• Buildium: SaaS property management platform for small-to-mid residential portfolios offering similar functionality to AppFolio (rent collection, maintenance, owner portal) — adjacent rather than directly competitive, but a credible alternative platform if Connect ever needed to migrate.
• ResMan Property Management Software: Property management SaaS platform that competes with AppFolio (Connect's core platform) for owner/operator software spend; comparable as the technology backbone category rather than as a manager, and useful for benchmarking the platform economics behind Connect's stack.

Direct peers

• ERE Property Management (Bozeman): Bozeman-based residential property management firm serving owners and renters in the Gallatin Valley with leasing, maintenance, and owner reporting — same geographic market, similar product mix, and similar SMB/mid-market owner target.
• North Fork Property Management: Local Bozeman-area residential property manager offering leasing, tenant screening, and maintenance coordination — directly comparable to Connect's core multifamily and single-family rental services in the same Gallatin Valley submarket.
• Mountain Property Management: Montana-focused property manager with a Gallatin Valley presence, providing full-service residential management (leasing, maintenance, owner statements) — competes head-to-head with Connect for owner mandates in Bozeman.

Regional players

• Coldwell Banker Distinctive Properties (Property Management Division): Regional real estate brokerage operating in Bozeman with an affiliated property management arm offering leasing and management for owners in the Gallatin Valley — comparable services with a stronger parent brand and broader real estate network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ConnectBozeman
• LinkedInlinkedin.com/company/connect-property-management-llc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Connect Property Management