MRS Property Management
MRS Property Management is a privately held, full-service residential and commercial property management firm serving the Massachusetts North Shore and Southern New Hampshire since 1975. It manages hundreds of apartments for third-party owners, operates owned rental assets including the 26-acre Folly Hill Meadows community, and uses AppFolio for tenant and owner portal services.
- Company typePrivate
- Founded1975
- HeadquartersBeverly, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What MRS Property Management does
MRS Property Management is a privately held, full-service residential and commercial property management firm headquartered at 1 Apple Road, Beverly, Massachusetts. Founded in 1975, the company operates across the Massachusetts North Shore (Andover, Beverly, Danvers, Ipswich, Marblehead, Peabody, Salem, Topsfield, Melrose, Methuen) and Southern New Hampshire (Manchester, Portsmouth). It serves two primary customer segments: property owners seeking outsourced management services, and residential tenants seeking rental housing. The company manages hundreds of apartments and operates a 26-acre owned community, Folly Hill Meadows in Beverly, with amenities including a swimming pool, 24-hour fitness center, clubhouse, and grilling area.
The company's core technology stack is built on the AppFolio property management platform, which powers tenant and owner portals for online rent collection, maintenance request submission, automated owner statements, financial reporting, delinquency tracking, and work order management. Distribution is direct-to-consumer via the company website (mrsapts.com), Facebook, local SEO, and direct phone/email contact (978-927-3690, [email protected]). The company also extends its offering into commercial real estate, anchored by the 160,000 sq ft Danvers Indoor Sports facility in Danvers, MA, which is available for event rentals and corporate events.
MRS Property Management generates revenue through three streams: (1) recurring property management fees charged to third-party owners for tenant placement, rent collection, maintenance coordination, accounting, and eviction mediation; (2) tenant placement service fees for owners who opt for leasing-only support; and (3) rental income from owned properties, including the Folly Hill Meadows community and commercial holdings. Pricing for management services is quote-based, residential leases are typically 12 months, and security deposits equal one month's rent. The firm has no disclosed institutional investors, parent company, M&A history, or external funding, suggesting long-tenured private or founder ownership.
MRS Property Management firmographics
Firmographics- Name
- MRS Property Management
- Legal name
- MRS Property Management
- Website
- https://mrsapts.com
- Company type
- Private
- Founded year
- 1975
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MRS Property Management is a privately held, full-service residential and commercial property management firm serving the Massachusetts North Shore and Southern New Hampshire since 1975. It manages hundreds of apartments for third-party owners, operates owned rental assets including the 26-acre Folly Hill Meadows community, and uses AppFolio for tenant and owner portal services.
- Ownership category
- akta.pro rank
MRS Property Management industry classification
Industry- Product category
- Residential Property Management
- NAICS
- Residential Property Managers (531311), Nonresidential Property Managers (531312), Real Estate Property Managers (53131)
- SIC
- Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Single-Family Rental (SFR) Property Management (BPAJAFAB)
- akta.pro secondary industry
- Office Property Management (BPAJAGAA)
Keywords
Where MRS Property Management is headquartered
LocationHeadquarters
- HQ city
- Beverly
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MRS Property Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Property Management Services: MRS Property Management charges property owners for full-service property management including tenant placement, rent collection, maintenance coordination, accounting, and eviction mediation.
- Tenant Placement Services: The company offers tenant placement services to help property owners find qualified renters for their properties.
- Rental Income from Owned Properties: The company manages fully renovated apartments, suggesting they own and rent properties as a direct landlord.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One time/ perpetual license | Security deposit - one month's rent |
| Subscription | Annual | Standard residential lease - 12 months |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
MRS Property Management product offering
Product offeringCore offering
MRS Property Management provides full-service property management for residential and commercial property owners across Massachusetts North Shore and Southern New Hampshire. Services include tenant placement, rent collection, maintenance coordination, financial reporting, and eviction protection. The company also directly rents its own portfolio of apartments and commercial spaces to tenants in the New England region.
Product overview
MRS Property Management is a full-service New England property management company operating since 1975. The company offers three core service lines: (1) Property Management Services, covering tenant placement, rent collection, full-service repair and maintenance, financial reporting, and eviction protection for residential and commercial properties; (2) Residential Apartment Rentals, a portfolio of apartments for rent across Massachusetts North Shore (Andover, Beverly, Danvers, Ipswich, Marblehead, Peabody, Salem, Topsfield, Melrose, Methuen) and Southern New Hampshire (Manchester, Portsmouth); and (3) Commercial Rentals, including mixed-use and retail/commercial spaces. The company also provides tenant-facing and owner-facing online portals powered by AppFolio for rent payment, maintenance requests, and financial reporting.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Management Services Full-service property management covering tenant placement, rent collection, full-service repair and maintenance, financial reporting, and eviction protection for residential and commercial properties across New England.
- Residential Apartment Rentals Rental apartments across multiple New England communities including Massachusetts North Shore (Andover, Beverly, Danvers, Ipswich, Marblehead, Peabody, Salem, Topsfield, Melrose, Methuen) and Southern New Hampshire (Manchester, Portsmouth), ranging from studios to multi-bedroom units.
- Commercial Rentals Commercial real estate rentals in the New England area, including mixed-use and retail spaces such as the Danvers Indoor Sports facility at 150 Andover Street, Danvers, MA, available for event rentals and corporate events.
- Tenant Placement Services Service to help property owners find qualified tenants, including advertising, background and credit investigations, application processing, and lease signing.
Quantifiable outcome
- High resident retention
- +3 more outcomes
Companies that use MRS Property Management
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
MRS Property Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
MRS Property Management partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
MRS Property Management competitors and assessment
Company assessmentDirect peers
- Berkshire Property Advisors: New England-focused multifamily owner and manager serving similar Massachusetts and New Hampshire submarkets; comparable product type and customer profile to MRS's apartment portfolio.
- Dolben Company: Massachusetts-based residential property management and investment firm operating across the Greater Boston and North Shore regions; offers a similar full-service management model (leasing, maintenance, owner reporting) and competes head-to-head for owners of market-rate apartments.
- Peabody Properties: Braintree, MA-based residential property management firm serving New England including market-rate and mixed-income communities; directly comparable service offering and customer base to MRS.
- Princeton Properties Management: New England residential property manager focused on apartment communities and condominiums; similar service scope (tenant placement, maintenance, financial reporting) targeting the same owner and tenant base as MRS.
- Maloney Properties LLC: Massachusetts-based residential property management firm managing apartments and condominium associations across the region; comparable local footprint, full-service model, and use of third-party property management software.
Broad incumbents
- Greystar Real Estate Partners: Largest U.S. apartment property manager with a national multifamily management platform; overlaps with MRS on residential management services and could encroach on the North Shore submarket via institutional owners.
- WinnCompanies: One of the largest multifamily property managers in the U.S. with deep New England roots; competes with MRS for residential management mandates in the same Massachusetts geography but operates at vastly greater scale and across market-rate, affordable, and mixed-use segments.
- CBRE Property Management: Global commercial real estate services company with a U.S. property management practice spanning office, retail and multifamily; overlaps with MRS's commercial rentals side and competes for larger owner mandates.
- JLL Residential / Property Management: Global real estate services firm offering large-scale residential and commercial property management; comparable service lines to MRS but at institutional scale and with broader geographic reach.
Others
- AppFolio: Cloud-based property management SaaS platform that powers MRS's tenant and owner portals; included as an ecosystem enabler illustrating the third-party technology stack that MRS (and its peers) depend on.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
MRS Property Management social profiles
Digital presenceMRS Property Management compliance and trust
Trust signalCompliance1 record
MRS Property Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
MRS Property Management leadership team
Management profileNumber of profiles
MRS Property Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MRS Property Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MRS Property Management
What does MRS Property Management do?
MRS Property Management provides full-service property management for residential and commercial property owners across Massachusetts North Shore and Southern New Hampshire. Services include tenant placement, rent collection, maintenance coordination, financial reporting, and eviction protection. The company also directly rents its own portfolio of apartments and commercial spaces to tenants in the New England region.
Is MRS Property Management a public or private company?
MRS Property Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MRS Property Management founded?
MRS Property Management was founded in 1975. It employs 11 to 50 people.
Where is MRS Property Management based?
MRS Property Management is headquartered in Beverly, United States, in the North America region.
How does MRS Property Management make money?
Three revenue lines are on record. Property Management Services are the primary driver. The others are tenant Placement Services and rental Income from Owned Properties.
Who are MRS Property Management's main competitors?
Direct peers on record are Berkshire Property Advisors, Dolben Company, Peabody Properties, Princeton Properties Management and Maloney Properties LLC. Broad incumbents are Greystar Real Estate Partners, WinnCompanies, CBRE Property Management and JLL Residential / Property Management. AppFolio is listed as an others.
Does MRS Property Management have an API?
No public API is recorded for MRS Property Management.
What industry is MRS Property Management in?
MRS Property Management's product category is Residential Property Management. Its primary akta.pro industry code is BPAJAFAB, Single-Family Rental (SFR) Property Management, with a secondary code of BPAJAGAA, Office Property Management. Its NAICS code is 531311 and its SIC code is 6513.