US: Inhabit, a software company serving the residential and vacation property management industries, has announced its acquisition of next-generation property management system Lightmaker Property Manager [LMPM].

The terms of the transaction were not disclosed.

LMPM focuses on delivering a cutting-edge, cloud-based system, complete with real-time trust accounting. The fully featured and highly scalable technology provides an end-to-end solution for handling complex bookings, real-time trust accounting, distributing inventory to online travel agencies, managing work orders, facilitating payment processing, and more.

LMPM’s system features rental agreements with e-sign, website development, reservation calendar, CRM, and reporting.

Inhabit CEO Lisa Stinnett said: “At Inhabit, our focus is always on offering the best products to help property managers run their business. LMPM is a fantastic addition to our already strong lineup of PMS systems.

“We want to offer our customers a choice in platforms that are built to serve their needs vs a one size fits all approach. This addition to our vacation ecosystem shows our ongoing commitment to the vacation industry and the property managers in it,” she added.

The transaction provides Inhabit customers with another PMS option, joining Streamline, LiveRez, VRM and SuperControl. Inhabit’s ancillary product offerings, covering core enterprise software, payments, insurance, accounting and marketing, combined with LMPM’s technology, will enable the business to meet the evolving needs and priorities of vacation rental companies.

Adrian Barrett, founder of LMPM, said: “Everyone we’ve met at Inhabit has proven we’re joining a powerhouse of talented people. LMPM’s relationships with Lynnbrook and RentalGuardian have already made massive improvements for our clients in terms of automating payment processing and providing insurance solutions.

“I’m convinced that together our combined teams have no limits,” he added.

Meanwhile, LMPM’s day-to-day operations will continue to be led by COO Clint Skidmore.

Inhabit is backed by Insight Partners, Greater Sum Ventures and PSG, as well as Goldman Sachs, which funded a “significant” investment in the company at the end of 2020.