LPG

What LPG does

LPG is a family-owned residential real estate services company headquartered in Toledo, Ohio, operating across four integrated lines: property management, in-house remodeling, real estate brokerage (LPG Realty), and tenant placement. Founded and led by BGSU alumna Jackelyn Lee (CEO of Property Management, Sales & Business Development) and her husband Andrew Lee (Principal Broker & CEO of Maintenance & Remodeling), the company targets two customer segments: residential renters seeking quality single-family and multi-family homes, and real estate investors (including out-of-state owners) seeking full-service management, renovation, and brokerage support. LPG's core platform is built on Rent Manager property management software, with dedicated owner and resident portals supporting electronic applications, screening, lease execution, online rent payments, and maintenance requests. The company has invested in an in-house maintenance and remodeling team (including trades leaders, project managers, and technicians) to minimize vacancy time and provide a one-stop-shop experience for investors acquiring properties in any condition.

LPG monetizes through three primary streams: recurring property management fees on managed single-family and multi-family residential units, project-based revenue from in-house remodeling and renovation services, and brokerage commissions through LPG Realty on investor-focused sales transactions. Pricing is custom per investor portfolio with no public fee schedule; renter pricing is per listing. Go-to-market is sales-led and consultative for investors (Calendly booking, tailored proposals), and digitally driven for renters via syndicated listings on popular rental platforms and a large social media following. Section 8 / LMHA program services, including HUD inspection preparation and recertification, extend the addressable tenant pool. The company holds BBB Accredited Business status and was ranked #275 on the 2025 Inc. 5000 list with reported 1,300% revenue growth. All operations are concentrated in Toledo and Perrysburg, Ohio, with a single headquarters office at 5454 Airport Hwy.

Name

LPG

Legal name

LPG - Toledo Property Management & Rentals

Website

https://toledoarearentals.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

LPG is a family-owned residential real estate services company in Toledo, Ohio, providing integrated property management, in-house remodeling, and real estate brokerage (LPG Realty) for residential renters and real estate investors. It operates on Rent Manager software and serves the Toledo and Perrysburg markets.

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), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Single-Family Rental (SFR) Property Management (BPAJAFAB)

akta.pro secondary industry

Affordable Housing Property Management (BPAJAGAJ)

Keywords

• Residential property management
• Rental property services
• Home remodeling services
• Real estate brokerage
• Tenant placement leasing

Headquarters

HQ city

Toledo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: LPG charges property investors for full-service property management encompassing maintenance, repairs, tenant screening, rent collection, and ongoing management of single-family and multi-family properties.
2. In-House Remodeling Services: LPG offers in-house remodeling and renovation services for out-of-state and local investors, covering minor upgrades to full-scale renovations, with the goal of maximizing rental value and minimizing vacancy time.
3. Real Estate Sales / Brokerage: LPG provides investor-focused real estate agents and a separate sales platform (LPG Realty) for properties for sale, serving both buyers and sellers in the Toledo market.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

LPG provides full-service residential property management for single-family and multi-family properties in Toledo, Ohio, including tenant screening, rent collection, maintenance coordination, and 24-hour emergency response. The company also operates in-house remodeling and renovation services and an investor-focused real estate brokerage (LPG Realty), enabling out-of-state investors to purchase, renovate, lease, and manage properties through a single provider.

Product overview

LPG is a family-owned, full-service property management company in Toledo, Ohio operating as a unified platform with three integrated offerings: Property Management Services (core platform for managing single-family and multi-family residential properties), Remodeling Services (in-house renovation and unit turn capabilities), and LPG Realty (investor-focused real estate sales). The company supplements its core services with resident/owner online portals for rent payments and maintenance requests, and Section 8 program compliance services. Together, these services enable out-of-state investors to purchase properties in any condition, renovate them, and manage them profitably through a single provider.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Services Full-service property management for single-family and multi-family residential properties in Toledo, Ohio, covering tenant screening, rent collection, maintenance coordination, owner draw payments, collections and delinquency management, and ongoing owner communication through the Rent Manager owner portal.
• In-House Remodeling Services In-house remodeling and renovation services for out-of-state and local real estate investors, ranging from minor upgrades to full-scale renovations. Includes property assessment with room-by-room scope of work and cost estimates, unit turn services, and ROI-driven updates to maximize rental value and minimize vacancy.
• LPG Realty - Real Estate Sales Investor-focused real estate brokerage under the LPG Realty brand (jackelyn.lpg-realty.com) providing agent representation for buying and selling residential properties in the Toledo, Ohio market.
• Section 8 / LMHA Program Compliance Services Specialized services for rental properties participating in the local LMHA / Section 8 program, including preparation for HUD inspections and handling annual recertification compliance for investor-owned units.

Quantifiable outcome

• 1,300% revenue growth over the period leading to Inc. 5000 recognition as one of America's fastest-growing private companies
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Property Management Inc. (PMI): Franchise network providing residential property management for single-family and multifamily rentals, with local franchisees serving markets like LPG's. Comparable service mix, customer segments, and unit-type focus.
• Real Property Management: National franchise specializing in single-family and small multifamily residential property management with similar investor-focused service offerings. Directly comparable as a franchised alternative competing in the same niche as LPG.
• All County Property Management: Residential property management franchise offering full-service management for SFR and small multifamily portfolios. Competes for the same investor and renter customers in mid-size U.S. markets.
• Keyrenter Property Management: Franchise focused on residential property management, leasing, and maintenance for individual investor portfolios. Directly comparable in target customer, service scope, and unit-type focus.

Broad incumbents

• Greystar Real Estate Partners: Largest residential property manager in the U.S., primarily focused on multifamily but with growing SFR exposure. Comparable in core service (residential property management) but operates at vastly greater scale and geographic breadth.
• FirstService Residential: Large diversified residential property manager covering single-family, multifamily, and HOA communities. Overlaps with LPG in residential property management services but with much broader geographic and service footprint.
• Asset Living: Large national residential property management firm managing multifamily and student housing portfolios. Comparable core service but serves institutional clients and operates at much greater scale than LPG.

Emerging players

• Mynd Management: Tech-enabled residential property manager serving individual and institutional SFR investors with vertically integrated services. Comparable customer base (remote SFR investors) and overlapping service scope, but with greater scale and proprietary technology.
• Belong: Tech-enabled residential property management platform targeting individual SFR owners and renters with a digital-first experience. Overlaps with LPG on owner-facing transparency, online portals, and tech-enabled leasing workflows.

Regional players

• Showcase Property Management: Toledo-area residential property management firm serving local SFR and multifamily investors. Direct local-market competitor with overlapping service offerings and customer base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ToledoAreaRentals
• LinkedInlinkedin.com/company/lee-property-group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

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 LPG