Short answer: Often yes, for operating records with tenant personal data removed: work orders, leasing workflows, owner reporting and vendor management. Screening reports and payment data stay out. Census counts 2,824 U.S. residential property managers with 30+ employees and 1,886 with 50+.
On this page
What residential managers hold
- Maintenance requests and work orders, from request to completion.
- Leasing inquiries, showings and renewals.
- Owner statements and monthly reporting.
- Rent ledgers, tenant screening reports and payment details (keep these out).
Consumer reports and payment data
Tenant screening and credit reports are consumer reports under the Fair Credit Reporting Act. Mode says health records, payment card data and children's data are excluded, and that its AI customer is contractually barred from trying to identify anyone in the data (Mode affiliate FAQ).
Size and fit
Mode lists 50+ employees for industries outside legal (10+) and accounting, medical and finance (15+) (Mode). micro1 asks for 30+ employees, mostly English data, and says it is prioritizing US companies (micro1).
| Industry (U.S. firms, 2022) | All firms | 30+ staff | 50+ staff | 100+ staff | 150+ staff |
|---|---|---|---|---|---|
| Residential property managers (NAICS 531311) | 40,091 | 2,824 | 1,886 | 1,098 | 789 |
| Real estate property managers (NAICS 53131) | 55,853 | 3,811 | 2,509 | 1,416 | 1,001 |
Source: U.S. Census Bureau, Statistics of U.S. Businesses 2022, detailed employment sizes. Firms (enterprises) by paid employees; contractors are not counted. Each column sums the Census size classes at or above that size.
What makes it valuable
Mode names four drivers: how many people work in the company's systems (today and at its peak), years of records, number of connected systems, and volume. Records that show outcomes, such as deals won or lost and jobs completed, raise the number (Mode affiliate FAQ). For residential managers, completed work orders and lease outcomes are the outcome records.
This is general information, not legal advice. Talk to your own attorney or compliance advisor before you share or license any records.
What could your company's records be worth?
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Frequently asked questions
Do tenants need to agree?
It depends on your leases, privacy notices and state law. Ask your attorney; the buyer's de-identification doesn't replace that review.
Do we need to own the software data?
Mode asks that you own the records in your systems. Check your property-management software terms for export and ownership.
Sources
- Mode / BizBuyData referral pagebizbuydata.com
- Mode affiliate FAQ (PDF, dated Oct 14, 2026)bizbuydata.com
- micro1 company referral pagemicro1.ai
- U.S. Census Bureau, Statistics of U.S. Businesses 2022, detailed employment sizeswww2.census.gov
- FTC: Fair Credit Reporting Actftc.gov
Referral-fee disclosure: we may be paid by a program if your company signs with it after using this site. General information only, not legal advice.
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