UV 50: The Fast. The Fierce. The Future
March 24 2011
NO. 4 PROPERTY SOLUTIONS INTERNATIONAL
* Three-Year Growth 234%
* Revenue in 2010 $11,043,138
* Founded 2003
* City Provo
* Employees 100
* Industry Multifamily/software
* Website www.propertysolutions.com
* Founders Dave Bateman, 32; Ben Zimmer, 33; John Hanna, 32
* The Company A provider of property management software tools for the multifamily industry.
* The Growth After noticing a large technological void in the multifamily industry, Property Solutions captured (and conquered) the market with user-friendly, sophisticated software. What's more, said conquering has resulted in two consecutive stints on the Inc. 500, nearly 150 employees and more than $2 billion in processed online payments.
* The Growing Pains "Finding office space that meets our growth needs."
* The Milestone Moment "It took from 2003 until 2010 to process more than $1 billion in rent payments. By the end of 2011, we anticipate processing $7 billion."
* The Key to the Economy "Specialize, specialize, specialize."
* The Advice "Work hard. Be smart. Be patient."