FBS Property Management, AMO Celebrates 50 years in business

July 28, 2022by melissad0

FBS Property Management, AMO Celebrates 50 years in business. That’s right we are Celebrating a golden jubilee!


In July 1972, Neil Fjellestad created Fjellestad Properties to offer Real Estate Sales in San Diego. In the 1980s Fjellestad brought on two partners, Barrett and Rapp, rebranding as Fjellestad, Barrett and Rapp (FBR) with an office located on Navajo Road.

By 1985, Don Short assumed Rapp’s position, renaming the company Fjellestad Barrett and Short. Today we are known simply as FBS Property Management.

In 1989 Chris DeMarco, a Chicago transplant, identified a need to develop the Property Management division of FBS.  Focusing on single family home management – an undervalued part of the market at the time. Continuing to grow through the 90’s, FBS acquired a Prudential office in Rancho Bernardo assuming management of hundreds of properties in the North County region.

Who we are

FBS is a company that respects and promotes long term, independent rental ownership as a socially responsible investment.  Our company works with clients to assess their real estate needs and leverage it in an efficient and effective manner all while promoting resident respect and retention. We are housing providers, maintenance troubleshooters, financial analysts, asset managers and a support network for our clients and customers who own or rent the properties we manage.

As an Accredited Management Organization® (AMO®), we are held accountable to the Code of Ethics of the Institute of Real Estate Management.  Being ethical in business means doing the right thing.

Over the past 50 years FBS leadership has been crucial to the industry.  Neil was president of the San Diego Apartment association in 1986. Partner Chris DeMarco helped to create the first Property Managers council in 1988. Vice President, Lucinda Lilley is currently serving a second term as the Southern California Rental Housing Association President after serving two terms as President of the Institute of Real Estate Management.  In 2015, Chris became chairman of the Better Business Bureau Foundation Board.   We support our FBS employees in their contributing on other committees and boards throughout the industry.  This team has actively worked with legislators from San Diego to Sacramento to Washington, DC, to better the rental housing industry.

 Recognition and Community

FBS Property Management, AMO®, has been honored as San Diego’s Best Property Management Company. A 3-time BBB Torch Award winner for Ethics in Business.  As well as AMO® of the Year.  We a proud to count a 2-time CPM® of the Year and Industry Achievement Award winner as part of our team.

“FBS has experienced exceptional growth and development over the past 50 years,” said Fjellestad. “Moving forward, our focus will remain the enhancement of the business of the Rental Housing Provider and work to collaborate on rental housing solutions for our clients, customers, and the community”.

Collaboration goes hand in hand with education. With a vast social media presence and weekly blog, we hope to continue to inform the communities in which we serve, so that renting and all that it entails is better understood.

In addition to Industry excellence, FBS is a pillar of the Del Cerro Community. Supporting the Navajo Girls Softball league, the Lake Murray Playground Project, the Lake Murray 4th of July Fireworks and Music Fest. In addition, we are active donors and volunteers at the San Diego Food Bank.

From the border to wine country – the beach to the mountains.  We are proud to serve 72 Zip Codes within San Diego County. We have managed over 18,000 different properties throughout the 50 years and provided hundreds of job opportunities countywide.

Providing housing to San Diego for the last 50 years has been our greatest pleasure.

For more information on FBS Property Management, AMO please visit

Website: www.fbs-pm.com

Facebook: https://www.facebook.com/fbspropertymanagement

Linkedin: https://www.linkedin.com/company/fbs-property-management/

Instagram: @rentingsandiego

Tik Tok: https://www.tiktok.com/@rentingsandiego?lang=en

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Promote housing opportunities for all persons regardless of race, religion, sex, marital status, ancestry, national origin, color, familial status, or disability (Government Code Section 65583(c)(5)).

San Diego Metro Office
6398 Del Cerro Blvd., Ste 8.
San Diego, CA 92120
(619) 286-7600

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