Based in Plano, TX, the technology behind ResMan was originally developed in 2008, with a vision to simplify operations for multifamily PMCs. Elizabeth Francisco and Nick Olsen helped develop the product which was later re-built as a cloud-based application, launched commercially in 2012, and rebranded as ResMan in 2015.
With Mainsail’s deep experience in real estate tech from prior investments in Nexus Systems and PayLease, Mainsail identified ResMan as a relevant bootstrapped software company that fit the firm’s investment strategy. In 2017, Mainsail Partners invested $36M in ResMan to help the company build out its team, expand its product offering, increase value and service for its customers, and ultimately accelerate growth for the company.
Today, ResMan is the core platform (ERP) used by PMCs to run their businesses. ResMan serves as the system of record and helps PMCs improve operational efficiencies, grow net operating income and increase resident retention.