LUMA Residential
LUMA Residential is a Dallas-based multifamily property management company providing property, construction, and asset management services.
Multifamily Property Management Companies in United States
List of Multifamily Property Management Companies in the United States
Multifamily Property Management Companies help owners, investors, and developers operate apartment communities more efficiently and profitably.
Showing 136 companies
Marquette Management
Marquette Management is a Naperville, Illinois-based property management company specializing in multifamily residential properties.
TLC Management
TLC Management Company is a Chicago-based residential property management firm that owns and operates more than 30 apartment communities.
Mac Properties
Mac Properties is a U.S. residential property management company that builds, renovates, and manages rental apartments in three cities.
Knightvest Residential
Knightvest Residential is a U.S. multifamily property management company operating apartment communities across several Sun Belt markets.
Asden Properties
Asden Properties is a U.S. real estate company specializing in multifamily development, investment, construction, and property management.
TRG Management Company
TRG Management Company is a U.S. property management firm specializing in multifamily, affordable, workforce, luxury, and mixed-use properties.
Legacy Residential Group
Legacy Residential Group is a Florida real estate company specializing in workforce multifamily housing, property management, and development.
Beacon Management
Beacon Management is a U.S. residential property management company operating apartment communities in Michigan, New York, and Virginia.
Red Tail Residential
Red Tail Residential is a U.S. property management company managing multifamily apartment communities across 24 states and multiple markets.
WRH Realty Services
WRH Realty Services is a U.S. multifamily real estate company providing property management, investment, construction, and advisory services.
Brighthaven Communities
Brighthaven Communities is a U.S. property management company specializing in affordable and workforce multifamily housing across multiple states.
Services Offered
- Leasing & Tenant Placement: Marketing vacant units, conducting showings, screening applicants, and managing lease agreements to maintain high occupancy rates.
- Rent Collection & Financial Reporting: Handling monthly rent payments, tracking delinquencies, and providing detailed financial statements for property owners.
- Property Maintenance & Repairs: Coordinating routine maintenance, inspections, and emergency repairs to ensure units and common areas stay in top condition.
- Turnover & Renovation Management: Managing unit turnovers, overseeing make-ready work, and coordinating renovation projects that improve property value.
- Compliance & Fair Housing Oversight: Ensuring the property complies with federal, state, and local housing regulations, including Fair Housing and landlord-tenant laws.
- Marketing & Advertising: Promoting your rental units through digital listings, social media campaigns, and community-focused outreach to attract qualified tenants.
- Resident Relations & Retention: Supporting residents with customer service, conflict resolution, and quality-of-life programs to improve retention rates.
- Budgeting & Asset Management: Creating annual budgets, forecasting expenses, and providing strategic guidance to help achieve long-term investment goals.
Licensing & Requirements
Multifamily Property Management Companies in the U.S. typically must comply with state-level licensing rules, which often require a real estate broker’s license to perform activities such as leasing, marketing, and rent collection. Many companies also maintain additional certifications—such as Certified Property Manager (CPM) or Accredited Residential Manager (ARM) designations—to demonstrate professional standards. Compliance with Fair Housing, ADA, and local landlord-tenant laws is mandatory, and management firms must follow ethical and financial handling rules for security deposits, trust accounting, and resident communications.
How to Choose a Multifamily Property Management Companies
Selecting the right multifamily property management partner involves comparing experience, services, communication style, and overall value. Start by reviewing the company’s track record with properties similar to yours, including occupancy stability, tenant satisfaction, and financial performance. Ask for details about their maintenance processes, technology systems, reporting frequency, and staffing structure. It’s also wise to request references and sample financial reports to understand their level of transparency. Common pitfalls include choosing a company based solely on price or overlooking how many units a manager oversees, which can impact responsiveness and service quality.
Typical Costs
Management fees for multifamily properties generally range from 3% to 10% of monthly rental income, depending on the size of the building, number of units, location, and level of service. Additional expenses—such as leasing fees, maintenance charges, marketing costs, and turnover work—may be billed separately. Some companies offer all-inclusive packages, while others use itemized pricing. These figures are estimates only; actual fees vary significantly by region and company.
Frequently Asked Questions
They handle daily operations such as leasing, rent collection, maintenance coordination, financial reporting, and resident management for apartment buildings and multifamily communities.
Most states require a real estate broker’s license for property management activities. You can verify a company’s license through your state’s real estate commission website.
Property management expenses are typically tax-deductible as operating costs, but owners should consult a tax professional for specific guidance.
Yes. Most multifamily management companies oversee the entire eviction process—filings, notices, and court coordination—while following local and state regulations.
Companies manage a wide range of assets, from small apartment buildings to large multifamily portfolios with hundreds of units.