MGM

What MGM does

MGM Property Management, LLC is a privately held Minnesota LLC that manages a portfolio of 20+ multifamily residential rental properties spanning 15 cities across the Twin Cities, Rochester, and St. Cloud metropolitan areas. Founded in 2007 and headquartered at 2111 Central Avenue NE, Minneapolis, the company serves individual renters and families seeking market-rate housing, with unit rents ranging from approximately $665 to $1,849 per month across 1-, 2-, and 3-bedroom configurations. The firm also operates a secondary homeowner association (HOA) management vertical serving community boards.

The technology stack is conventional property-management SaaS: RentManager powers the core operations platform, and the firm layers digital tenant and HOA-member portals on top, including a resident web access portal (mgmpm.twa.rentmanager.com), an online rental application system with photo ID and income verification, and a multi-channel payment system integrating PayLease, PayPal, and Venmo. Marketing and tenant acquisition are direct-to-consumer via the mgmmgmt.net website, with no intermediary listing aggregators disclosed and a two-step online application process gating $45 per-adult fees and a performance deposit to hold units. Pricing varies by property, location, unit size, and amenities.

Revenue is generated through monthly recurring rental payments from individual lease agreements across the owned/managed portfolio, supplemented by application and deposit fees; no management fee structure for third-party owners is publicly disclosed. The company employs 51–100 people and is actively operating, with self-attested COPPA, GDPR, and SSL compliance under a Privacy Policy last updated April 2024.

Name

MGM

Legal name

MGM Property Management, LLC

Website

https://mgmmgmt.net

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

MGM Property Management, LLC is a privately held Minneapolis-based LLC that manages 20+ multifamily rental properties and homeowner associations across 15 Minnesota cities, serving individual renters, property owners, and HOA boards.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Homeowners Association (HOA) Management (BPAJAHAB), HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Residential property management
• Multifamily housing rentals
• Homeowner association services
• Apartment leasing
• Rental property management

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Rental income from residential properties: The company generates revenue through monthly rental payments from residential tenants across their portfolio of multifamily properties in Minnesota. Revenue is recurring on a monthly basis from individual lease agreements.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

MGM Property Management, LLC operates a property management platform for multifamily market-rate housing across 20+ communities in the Twin Cities, Rochester, and St. Cloud areas of Minnesota. The company leases residential apartments to individual tenants and provides professional homeowner association (HOA) management services. Supporting these services are digital tools including online rental applications, resident/member web portals, and integrated rent/HOA fee payment processing via PayLease.

Product overview

MGM Property Management, LLC operates a property management platform for multifamily market-rate housing in Minnesota. The core offering consists of rental property management across 20+ communities and homeowner association management services. Supporting the core services are digital modules including an online rental application system, resident web access portal, member portal for HOA services, and online payment processing through PayLease. The company manages properties throughout the Twin Cities, Rochester, and St. Cloud regions, offering housing options ranging from affordable 1-bedroom units to luxury apartments with premium amenities.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Property Management

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Asset Living: Asset Living is one of the largest third-party multifamily property managers in the U.S., serving owners of market-rate and affordable housing. Comparable to MGM as a third-party residential property manager, but at significantly larger national scale.
• RangeWater Real Estate: RangeWater is a multifamily owner-operator and third-party manager with a Sun Belt-heavy portfolio. Comparable to MGM as a multifamily operator, though geographically non-overlapping; useful comp for unit economics and digital operating model.
• Greystar Real Estate Partners: Greystar is the largest multifamily property manager and operator in the U.S., managing ~800k+ units. Comparable to MGM as a multifamily property management operator, but with vastly greater scale, geographic reach, and institutional owner relationships.
• Lincoln Property Company: Lincoln Property Company is a national residential and commercial property management and investment firm with a sizable multifamily portfolio. Directly overlaps with MGM's multifamily third-party management business, but at much broader national scale.
• RPM Living: RPM Living (formerly multifamily divisions of Lincoln/PBH) is a national multifamily property manager serving owners across multiple markets. Competes with MGM for owner clients and resident customers in any overlapping markets; much larger scale and broader geographic footprint.
• Bozzuto Group: Bozzuto is a national multifamily developer and operator managing ~85k+ units across the U.S. Comparable to MGM as a multifamily operator and manager, with overlapping resident services and digital platform offerings but at materially larger scale.
• The Bainbridge Companies: Bainbridge is a multifamily owner/operator and third-party manager active across the Midwest and Southeast. Directly comparable to MGM as a multifamily operator, with overlapping product type and similar mid-scale regional operator DNA.
• Cushman & Wakefield: Cushman & Wakefield is a global real estate services firm with a Property Management practice covering multifamily, commercial, and HOA assets. Overlaps with MGM in multifamily management services and competes for institutional owner relationships; far broader portfolio and service breadth.

Regional players

• Dominium: Dominium is a large Minneapolis-based multifamily apartment owner/operator with deep roots in Minnesota. It directly overlaps MGM Property Management on geography (Minnesota) and product (multifamily market-rate and affordable housing management), making it the most regionally comparable peer.
• Mark-Taylor Companies: Mark-Taylor is a regional multifamily developer, owner, and operator concentrated in the Southwest U.S. Comparable to MGM as a vertically integrated multifamily operator with regional density, though geographically distinct.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mgm-property-management-llc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MGM