If you operate a property management company and need your NAICS code, the answer depends on whether you manage homes or business properties.
The NAICS code for residential real estate management is 531311, while the code for nonresidential (commercial) management is 531312. These are classified under Real Estate Property Managers in the Real Estate and Rental and Leasing sector.
Primary Real Estate Management Codes
| Management Type | NAICS Code | Industry Title |
| Residential | 531311 | Residential Property Managers |
| Nonresidential | 531312 | Nonresidential Property Managers |
| Sector | 53 | Real Estate and Rental and Leasing |
| Industry Group | 5313 | Activities Related to Real Estate |
| Last Updated | — | 2022 NAICS Edition |
What Do These Codes Cover?
According to the official 2022 NAICS data, these codes cover establishments primarily engaged in managing real property for others. This involves ensuring that various activities associated with the overall operation of the property are performed.
Code 531311 (Residential) Includes:
- Apartment Managers: Handling day-to-day operations of multi-family complexes.
- Condominium Managers: Managing residential HOA or condo associations.
- Cooperative Apartment Management: Overseeing the operations of residential cooperatives.
- Vacation Property Managers: Managing short-term rental properties for owners.
Code 531312 (Nonresidential/Commercial) Includes:
- Commercial Property Management: Overseeing office buildings, retail centers, and industrial parks.
- Commercial Condominium Management: Managing associations for business-owned units.
- Medical Building Management: Specialized management for healthcare facilities.
The important distinction here is managing for others. These codes are for companies that provide management services as a third party, not for the owners of the buildings.
Does My Management Business Qualify?
Your business qualifies for these codes if:
- You act as a third-party manager for property owners.
- Your primary revenue comes from management fees or commissions.
- You oversee services such as rent collection, maintenance coordination, security, and trash removal.
Your business may not qualify if:
- You Own the Rental Property: If you are the owner and landlord receiving the rent directly as your primary income, use 531110 (Residential) or 531120 (Nonresidential).
- You are a Real Estate Broker: If your primary activity is facilitating the sale or purchase of property, use 531210.
- You Provide Only Maintenance: If you only provide specific services like cleaning (561720) or landscaping (561730) without administrative management, use those codes.
- You are an Appraiser: If you only estimate the fair market value of properties, use 531320.
Where Will You Need This Code?
Your NAICS code is a key identifier for your property management business in several areas:
SBA Loan Applications. If you are seeking funding for a property management franchise or business expansion, lenders use these codes to determine industry risk and loan eligibility.
Business Registration. State and local governments use these codes to categorize your business when you file for an LLC, Corporation, or professional management license.
Federal Contracting via SAM.gov. Government agencies (such as HUD or the VA) frequently hire private firms to manage government-owned housing or office spaces. You must register under 531311 or 531312 to bid.
Business Insurance. Insurance providers use your NAICS code to calculate premiums for Professional Liability (Errors & Omissions) and General Liability insurance, which are critical for managers handling large assets.
Tax Filings and Compliance. The IRS uses these codes for statistical reporting and to ensure your business is filed under the correct industry classification.
531311 in the NAICS Hierarchy
Every NAICS code sits inside a structured hierarchy. Here is exactly where 531311 fits:
| Level | Code | Title |
| Sector | 53 | Real Estate and Rental and Leasing |
| Subsector | 531 | Real Estate |
| Industry Group | 5313 | Activities Related to Real Estate |
| NAICS Industry | 53131 | Real Estate Property Managers |
| National Industry | 531311 | Residential Property Managers |
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