NAICS UNIVERSITY · Free research for insurance agents
Residential Property Managers
NAICS 531311 · United States · 2022 edition
This U.S. industry comprises establishments primarily engaged in managing residential real estate for others.
Start with the work promised to the client.
For Residential Property Managers, clarify the services, contracts and consequences of an error. Review professional liability (e&o), fair housing and discrimination claims, trust account / fiduciary liability. Confirm which professional activities and additional services the proposed coverage actually addresses.
Questions to ask
- How many residential units does the firm currently manage, and across how many states?
- Does the firm manage any subsidized, Section 8, or HUD-assisted housing?
- Does the firm maintain trust or escrow accounts, and who has access to those funds?
- Are maintenance technicians or other staff employed directly, or is all maintenance subcontracted?
- Has the firm had any fair housing complaints, regulatory actions, or E&O claims in the past five years?
- Does the firm also perform leasing brokerage or real estate sales under the same entity?
- For Residential Property Managers, what should the underwriter know about prior fair housing complaints, discrimination claims, or regulatory actions?
- For Residential Property Managers, what should the underwriter know about trust account irregularities or prior fidelity/crime losses?
Activities described by this code
Other activities to examine
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Residential property managers act as agents for property owners, handling day-to-day operations of rental housing — screening tenants, executing leases, collecting rent, coordinating maintenance and repairs, managing security deposits, handling tenant communications, and sometimes overseeing eviction proceedings. The firm typically maintains trust accounts on behalf of property owners and may also manage homeowner associations or condominium communities.
Questions to investigate
- How many residential units does the firm currently manage, and across how many states?
- Does the firm manage any subsidized, Section 8, or HUD-assisted housing?
- Does the firm maintain trust or escrow accounts, and who has access to those funds?
- Are maintenance technicians or other staff employed directly, or is all maintenance subcontracted?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.