Largest Property Management Companies of 2025 (With Stats)

If you’re reading this article, you likely own one or more multifamily properties and are considering hiring a property management company to help reduce your workload. There are several major players in this industry, and you may be familiar with some of them. In the following sections, we will explore the top 12 largest property management companies in 2025 to provide you with an overview of your options.

But is a large property management company the right choice for you and your business? Let’s dig in to find out.

Largest Multifamily Property Management Companies of 2025

The role of a multifamily property management company is to oversee residential buildings, like apartment complexes, by handling long-term and day-to-day operations. Responsibilities include handling tasks like tenant screening, lease management, rent collection, maintenance and repairs, and marketing vacant units.

The top 12 multifamily property management companies of 2025 are:

1. Greystar (966,700 units managed)
2. Asset Living (285,000 units managed)
3. RPM Living (226,169 units managed)
4. Lincoln Property Co. (213,000 units managed)
5. Cushman & Wakefield (182,000 units managed)
6. FPI Management Inc. (167,000 units managed)
7. Avenue5 Residential (140,000 units managed)
8. BH Management Services (114,000 units managed)
9. RangeWater Real Estate (100,000 units managed)
10. WinnResidential (105,673 units managed)
11. Morgan Properties (95,000 units managed)
12. Bozzuto (83,324 units managed)

Largest Commercial Property Management Companies of 2025

Like residential real estate, numerous large-scale firms handle property management for commercial properties. Their portfolios include office buildings, retail spaces, and industrial facilities. The largest real estate management companies handle facility maintenance, lease management, tenant management, financial reporting, and sometimes regulatory compliance.

The top 12 commercial property management companies in 2025, as measured in millions of square feet (mil. sq ft.), are:

1. CBRE (7,300 mil. sq ft.)
2. Cushman & Wakefield (7,100 mil. sq ft.)
3. JLL (4,600 mil. sq ft.)
4. Colliers (2,500 mil. sq ft.)
5. NAI Global (1,100 mil. sq ft.)
6. Lincoln Property Co. (557 mil. sq ft.)
7. Hines (274 mil. sq ft.)
8. Transwestern Real Estate Services (232 mil. sq ft.)
9. Newmark (205 mil. sq ft.)
10. TCN Worldwide (190 mil. sq ft.)
11. Stream Realty Partners (130 mil. sq ft.)
12. The RMR Group (114 mil. sq ft.)

What is the largest real estate management company?

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.

CBRE is the largest property management company in the commercial sector. It manages about 7.3 billion square feet of commercial real estate and a diverse portfolio of spaces, including office buildings, industrial facilities, retail spaces, data centers, and hospitals.

Does hiring a large property management company make sense for you?

Hiring one of the major property management companies could be a wise decision for your business. Their expertise can often play a positive role in managing your properties. However, they’re not without downsides.

1. High costs: According to Steadily, property management companies typically charge between 8-14% of the monthly rent for their services, which can quickly add up as you add units to your portfolio. Depending on the arrangement, many firms will also charge additional fees for tenant placement, inspections, and maintenance oversight.
2. Impersonal Service: The bigger the firm, the more you might feel like a number rather than a person. With so many clients and firms finding ways to reduce costs, customer service is often one of the first areas to suffer. That can be a problem when you need immediate help with one of your properties.
3. Lack of control: Many owners might want a more direct hand in the operations of their buildings, even though the workload can be overwhelming at times. Having a company make important decisions can be attractive, but sometimes, it’s too late to reverse the wrong choice.

Luckily, we live in a time where software platforms can do most, if not all, of the critical tasks a property manager needs to be an effective landlord. In the next section, we’ll review how property management software works, its features, and how it can save you time and money.

How Software Can Help Streamline Your Property Management Operation

Property management software, like TurboTenant, can be an owner’s best friend in large-scale property management. Below, we’ll review the significant features TurboTenant offers that can streamline your property management operation without turning to one of the largest property management companies that’ll eat into your bottom line.

Market Your Rental Properties Across Dozens of Platforms

One of the biggest areas where software can save you time and money is in property listings. The more people that see your listing, the better. By posting to multiple listing sites at once, you’re far more likely to find the qualified applicants you’re looking for.

With a single click, TurboTenant syndicates your ad to dozens of online listing sites, including REALTOR.com, Apartments.com, and Redfin. And with an AI-driven property description tool, you’ll never worry about writer’s block.

Unlike a property management company, which might charge extra for this service, TurboTenant allows landlords to create a new listing in less than ten minutes — for free.

Create Digital Rental Applications

As folks encounter your online listings and consider applying to your units, you must create an application that accurately captures the information you need to make the right choice. Many large property management companies use a “one-size-fits-all” application that might leave out critical information.

Alternatively, TurboTenant allows landlords to create a customized digital rental application in seconds. It provides an industry-standard template that enables property managers to add custom questions to collect non-standard information about potential tenants. With visibility on every application, TurboTenant gives property managers the control they need to make informed choices.

Screen Prospective Tenants

TurboTenant offers landlords comprehensive background checks and screening features, ensuring only the best applicants fill your units.

It takes less than 10 minutes to receive results, and TurboTenant screens for criminal history, credit checks, and eviction history. Landlords can pay the fee themselves or pass it on to their prospective tenants. For property owners who want to feel in control of who’s living in their investment properties, the ability to run tenant screening reports yourself puts you in the driver’s seat.

Generate State-Specific Lease Agreements Automatically

Lease agreements are essential documents. They define the rental arrangement between landlord and tenant. It’s critical that leases are legally reviewed and follow all federal, state, and local laws and guidelines. Property management companies may use standardized leases, and while they’re likely legally compliant, they may miss some crucial nuances.

TurboTenant provides landlords with legally reviewed, state-specific leases from every state in the country, including leases for highly populated counties. The platform allows all parties to sign electronically, making lease signing a breeze.

Collect Tenant Rent Payments Digitally

Collecting rent is arguably the most important aspect of renting property, and landlords should prioritize making it as easy, painless, and efficient as possible.

TurboTenant allows owners to set up automatic reminder notifications when rent is due, create custom late fees, and establish a frictionless process where landlords pay nothing. Then, the funds are filtered directly into a bank account of your choosing.

Property management companies often take a cut of the rent collected while potentially adding additional fees, making DIY software the most cost-effective way for landlords to handle online rent collection.

Organize Bookkeeping and Automate Accounting 

As you navigate property ownership and scale, staying on top of your day-to-day accounting and finances can present challenges. But, it’s an imperative facet of managing a prosperous business.

By using TurboTenant and a robust bookkeeping and accounting system like REI Hub, you can stay up-to-date on your exact cash flow, expenses, and incoming funds. This leads to fewer errors and a greater understanding of the state of your investment, saving time and money over the alternatives.

Automate Rental Property Maintenance

Making sure your properties are in good repair and stay that way is a major factor in your long-term success. But as your number of units grows, so does the number of maintenance and repair requests. The same goes for standard, regularly scheduled upkeep.

Automating property maintenance with TurboTenant can be a powerful way to handle an onslaught of maintenance tasks. Tenants simply create a request in the app, and you gain the ability to manage it yourself or outsource it to our partner, Lula, where available, to make maintenance hands-free.

Forego Major Property Management Companies in Favor of Software

Managing day-to-day operations can be a massive challenge for landlords with large portfolios. The idea of contracting with one of the largest property management companies in the country might make some sense. But if property management software, like TurboTenant, can manage your pain points while offering pinpoint control of your investment, the choice seems clear.

Utilizing software can save time and money, centralize your property management duties, and keep your properties entirely in your hands and outside the purview of impersonal, massive corporations.

TurboTenant offers:

• AI-powered property listing creation, with syndication across dozens of listing sites
• Digital rental applications with custom fields and full status tracking
• Comprehensive tenant screening and background checks ready in minutes
• Legally-reviewed, state-specific lease agreements that are fully customizable to fit every need
• Online rent collection with customizable late fee options sent directly to the bank account of your choice
• Robust financial reporting tools
• Automated repair and maintenance tracking to keep your properties in good repair and looking beautiful

So, while major property management companies might seem like the only choice, sign up for a free account today. Once signed up, you might just realize you have what it takes to manage it all yourself.