In 2021, the property management industry generated a revenue of $88 billion in total, contributed by more than 280K property management companies all across the US. The global property management industry is valued around $13.88 billion of which North American market grabs the major chunk of around $5 billion.
There are over 304,000 property management businesses in the U.S., with 238,000 focusing on residential properties. About 35% of property managers handle between 101 and 500 units, showcasing scalability across portfolios. The leading property management company manages 798,272 rental units as of 2025.
With more than 450 locations nationwide, each of your properties is managed by local experts who know the area and the rules, from building codes and permits to having the right answers for questions from prospective tenants.
There are over 304,000 property management businesses in the U.S., with 238,000 focusing on residential properties. About 35% of property managers handle between 101 and 500 units, showcasing scalability across portfolios. The leading property management company manages 798,272 rental units as of 2025.
Between 30% and 40% of HOAs were self-managed, meaning they operate without a management company or professional manager. A total of 60,000–65,000 community association managers and 9,000–10,000 community association management companies governed HOAs nationwide in 2023.
Greystar is currently the biggest residential management company in the United States. With over a million units under its management, Greystar is known for its innovative property management practices and significant investments in its residential communities.
Your list of weaknesses might look something like this: Underperforming occupancy rate for specific units. Underperforming in one listing channel. Not yet established in the local rental market. Lack of social media presence. Weak number of direct bookings. Little automation of tasks. Disorganized reporting.
- Increased Property Value: A well-managed property can increase in value over time. A property management company can help ensure that your property is properly maintained and kept in good condition, which can lead to higher rental rates and a higher overall value for the property.
Find out which companies made MHN's annual ranking of industry leaders. RankCompanyUnits Managed 2023 1 Greystar 834,687 2 RPM Living 226,169 3 Willlow Bridge Property Co. (fka Lincoln Property Co.) 201,472 4 Cushman & Wakefield 182,00065 more rows •