ResMan Property Management Software Strengths, Domain Expertise, and Key Differentiators
ResMan provides innovative technology solutions to the property management industry by making property investments and operations more profitable and easier to manage. Their enterprise-class platform is garnering enthusiasm and advocacy from a new generation of multi-family leaders who aim to deliver consistent NOI improvement and breathtaking resident experiences in an easier and friendlier way than ever before.
ResMan Property Management Software Recent Developments
In October 2021, ResMan made a small addition of Average Income Test capabilities, making it easier than ever before for tax credit properties to ensure they stay compliant as they take advantage of this complex but impactful set-aside.
In June 2021, ResMan made an addition of Rural Housing compliance capabilities, broadening ResMan’s innovative affordable housing solution to include support for HUD, Tax Credit and now Rural Housing properties. With these new capabilities, property managers can manage all of their Rural Housing eligibility, certification and monthly reporting within the ResMan platform, which meets all of the USDA’s requirements and connects directly with Management Interactive Network Connection (MINC) to deliver compliance reports.
In March 2018, ResMan has relocated its corporate headquarters in Plano, Texas.
ResMan Property Management Software Mergers and Acquisitions (M&A) Activities
In June 2021, ResMan has acquired Investor Deal Room, an investor portal and investor management SaaS solution that helps real estate syndicators automate investor subscriptions and improve reporting, communication and transparency with investors. This acquisition continues ResMan’s focus on providing property management companies with the technology solutions they need to grow and operate their businesses more efficiently.
Mainsail Partners sold ResMan property management company to Inhabit IQ, a collective of tech-forward companies serving the vacation and property management industries.
This transaction will give Inhabit IQ a core residential-focused property management solution, while further expanding Inhabit IQ's presence in the affordable housing market. Inhabit IQ's market-leading ancillary product offerings covering payments, screening, insurance, utility billing, document management, inspections, facility maintenance and learning management are highly complementary with ResMan, and the combination will enable the company to meet the evolving needs and priorities of property management companies. The platforms of both Inhabit IQ and ResMan will remain open to partnerships with other solutions providers, allowing customers the choice of best-in-class providers to manage and optimize performance.
In addition to new product development, Mainsail provided M&A support to help ResMan source and close several acquisitions, including HighTech Solutions (affordable housing compliance software); Budgetrac (commercial property management software); Razz Interactive (property websites and resident engagement platform) and Investor Deal Room (real estate investor syndication and management software).
ResMan Property Management Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ResMan Property Management Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ResMan Property Management Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ResMan Lease Management customers.
ResMan Property Management Software Overview
Ownership: - Wasatch Ventures, Mainsail Partners
Number of Employees: 110
Key Verticals: Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
ResMan Property Management Software Key Enterprise and Cloud Applications
ResMan Lease Management
ResMan Property Management Software Revenues, $M:
|Type/Year||2019||2020||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
ResMan Property Management Software Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
ResMan Property Management Software Enterprise Applications Revenues By Functional Markets, $M:
ResMan Property Management Software Enterprise Applications Revenues By Verticals, $M:
ResMan Property Management Software Revenues By Region, $M
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ResMan Property Management Software Direct vs Indirect sales
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ResMan Property Management Software Customers - Breakdown by Geo, Size, Vertical and Product
No. of ResMan Property Management Software Customers: x
No. of ResMan Property Management Software Enterprise Applications Customers: x
No. of ResMan Property Management Software Cloud Customers: x
No. of ResMan Property Management Software Cloud Subscribers: x
Among ResMan Property Management Software customers are Mark-Taylor Residential, Blue Rock Partners, Capital Investment Group, jkROCK, City Gate Property Group, Coastal Properties of Virginia, Greenbrier Management, Seldin Company,J.C.Hart, Busboom Group, Coast Property Management, and others.
ResMan Property Management Software Market Opportunities, M&A and Geo Expansions
In October 2017, ResMan secured a $36 million investment from Mainsail Partners, a growth equity firm that invests in fast-growing technology companies. The company will use the capital to accelerate the development of its products and invest in its world-class customer service organization. The capital will also be used to drive further growth through the expansion of its sales and marketing teams.
ResMan Property Management Software Risks and Challenges
In May 2020, Karya Property Management, LLC filed a patent infringement lawsuit against ResMan, LLC on U.S. Patent No. 7,636,687 in the U.S. District Court for the Eastern District of Texas, alleging infringement by ResMan's property management software including an online lease management platform.
The patent at issue relates to novel computing systems and computer-implemented methods for facilitating leasing transactions for real property by providing an online computing environment for lease transactions in the commercial real estate field, using a distributed computer network to support communication, negotiation and transaction tasks conducted by brokers, property owners, tenants and their advisors.
Karya acquired the patent from General Electric Capital Corporation, to help ensure that managed properties are optimized in every aspect from marketing, tenant satisfaction and retention, expense management, revenue optimization, and overall management to yield maximum levels of net operating income, while providing its clients with the highest levels of transparency, control, and integrity.
Over the past two years, ResMan made several transitions in their leadership by the appointment of new CFO, Senior Vice President of Product Management, Senior Vice President of Technology, Regional Vice President of Sales and Vice President of Marketing. These transitions could drive to different strategies and goals.
ResMan Property Management Software Ecosystem, Partners, Resellers and SI
ResMan Property Management Software does primarily direct sales.
ResMan Property Management Software Cloud Infrastructure Insights
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- ResMan Property Management Software Public Cloud and Infrastructure (IaaS)
- ResMan Property Management Software Platform (PaaS)
- ResMan Property Management Software Application Delivery
- ResMan Property Management Software Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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