💬 The Vault Is Open

(And the era of sponsored opinions is over.)

For the last year, we have been quietly building the data infrastructure this industry desperately needs.

But before I show you what we built, I need to say thank you.

Thank you to the thousands of you who read this newsletter every week. Thank you to the operators who took the time to submit raw, unvarnished feedback for the Vendor Performance Index (VPI). And a massive thank you to our early-adopter PMs who trusted us to deploy verified surveys to their owners and investors.

You didn't just help us build a platform. You helped us build a mirror for the entire industry.

Today, we are showing you exactly what that mirror reflects.

The 2026 State of the Industry Report

This industry has operated on sponsored opinions, affiliate deals, and conference hype for too long. Operators make expensive, decade-long decisions based on noise.

We decided to replace the noise with verified data.

The 2026 State of the Industry Report is officially live. It is the most comprehensive, objective, and data-grounded reference document ever published in residential property management.

Here is the scale of what is inside:

382 verified PM companies representing over 258,000 doors. 1,123 verified surveys from actual property owners and investors. 1,085 verified vendor ratings across 12 PropTech categories.

What You Will Find Inside

We didn't just collect data. We connected the dots.

For the first time, we drew a direct, mathematically verified line between the software you buy and the client satisfaction you produce. We mapped the exact remote workforce patterns that prove why this industry is about to experience AI as a massive compression event. We named the vendors who are actually delivering—and the ones who are quietly coasting.

No pay-to-play. No sponsored rankings. Just facts, data, and truth.

This master report is just the beginning. Starting next week, we will be dropping deep-dive Category Reports directly in this newsletter. Every week, we will unpack a new software category and reveal the verified winners.

But for now, it's time to read the master document. The operators who win the next era will be the ones who navigate this transition using actual data.

Grab your copy.

Catch Us in NOLA Later this month, the whole crew is heading to New Orleans for the NARPM Broker/Owner conference.

Chuck, Oskar, Dylan, and I are rolling down in the mobile podcast van. We will be running the Mason 5K and hosting our own private event on Wednesday evening.

The guest list is pretty much capped, but if you are going to be in NOLA and want an invite, reply directly to this email. I will pull some strings for our readers to get you in. Worst case scenario? Come hang out with us by the van (sounds creepy, will be fun).

The Founding Cohort

They've been filling quickly, but we still have a few spots remaining for our founding cohort. The cost is $1,500 per month.

This is not an invitation to buy a product. It is an invitation to build with us.

The companies that join this cohort will help us build and refine the BDR agent that prospects while you sleep.

Waiting is entirely okay. We expect a fully public release around July 1.

But if you want early access, and if you want to be in the room shaping the tools built specifically for your business, this is your moment. By the time this goes mainstream, the PMs in this cohort will have months of operational learning and custom agent-building on everyone else.

Spots are first come, first served.

You can apply for the Founding Cohort by setting up time with me directly.

Let's get to work.

🚨 Are you interested in building with us?

If you are a developer, vibecoder or technologist who wants to build agents on our platform rather than use them, join the Builder network here.

Check out Unfiltered: PropertyManagement.com's Official Podcast

In this episode of Unfiltered, host Dylan Scroggins and Matt Speer sit down with Jason Marcordes to discuss the challenges and opportunities within the property management industry. Jason shares his journey from early days in the business to building Landmark Property Management, including pivotal moments of growth, tough lessons learned, and the importance of focusing on the right clients.

Get Verified on PropertyManagement.com

Closing Thoughts

Closing Thoughts Before you get back to your day, here’s the simple takeaway: You cannot build a world-class operation on guesswork.

• Silence the noise: Stop making operational decisions based on who had the biggest booth at the last conference.
• Trust the data: Let verified owner feedback and real operator outcomes guide your tech stack.
• More drops coming: Keep an eye on your inbox next week for the first deep-dive Category Report (it's going to be PMS category).

Thank you again for building this with us. Read the report.