MPI Property Management

What MPI Property Management does

MPI Property Management, LLC is a privately held, full-service residential property management company headquartered at 6700 W Fairview Ave, Milwaukee, Wisconsin. Founded in 1978, it has operated continuously for over 45 years serving property owners and tenants across Milwaukee, Waukesha, Racine, and more than 30 surrounding communities in Southeast Wisconsin. The company manages single-family homes, individual condominiums, duplexes, and larger multi-unit complexes on behalf of both local and out-of-state real estate investors.

Its core offering is integrated property management built on the AppFolio Property Manager platform, which powers tenant screening, rent collection, maintenance tracking, accounting, and 24/7 owner and tenant portals accessible via web and mobile apps (iOS and Android). Proprietary or differentiated capability is provided by an in-house licensed Wisconsin Real Estate Broker — a legal requirement for transacting on behalf of out-of-state investors — together with a full-time Licensed Contractor who can pull permits and coordinate inspections with the City of Milwaukee Building Inspection. Adjacent services are offered as integrated modules: an in-house maintenance and repairs team, eviction services including court representation, and specialized REO/foreclosure management for banks and lenders. Tenant acquisition is driven through ShowMojo-powered listings syndicated across 50+ rental websites, with in-person showings six days a week and remote showings seven days a week.

The business model is a recurring percentage-based management fee of 8% of collected rent, billed monthly, with no re-rental fees and no minimum unit requirement. Distribution is sales-led via the company website, phone outreach, and in-person consultations targeting busy real estate investors seeking turnkey oversight of Wisconsin rental assets. Revenue mechanics are therefore directly tied to the size and occupancy of the managed portfolio; no subscription tiers, ancillary SaaS revenue, or institutional contracts are disclosed.

Name

MPI Property Management

Legal name

MPI Property Management, LLC

Website

https://mpiwi.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

1–10 employees

Short description

MPI Property Management is a Milwaukee-based, privately held full-service residential property management firm founded in 1978 that serves local and out-of-state real estate investors across 30+ Southeast Wisconsin communities on an 8% recurring management fee.

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

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

akta.pro secondary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Residential property management
• Rental property services
• Tenant screening leasing
• Eviction services
• REO foreclosure management

Headquarters

HQ city

Milwaukee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: MPI charges an 8% management fee on managed properties. This is a recurring revenue stream based on a percentage of rental income collected. The company does not charge re-rental fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

MPI Property Management provides full-service residential property management for single-family homes, condominiums, duplexes, and multi-family units in Southeast Wisconsin. Core services include tenant marketing and screening across 50+ rental websites, rent collection, in-house maintenance and repairs (staffed by a Licensed Contractor), accounting and owner reporting via a 24/7 portal, eviction services, and specialized REO/foreclosure management for banks and lenders. The company charges an 8% management fee with no re-rental fees and no minimum unit requirements, accepting owners ranging from a single unit to hundreds of units.

Product overview

MPI Property Management operates as a full-service property management company built on the AppFolio property management platform. The core offering consists of the Property Management platform supplemented by two customer-facing portals (Tenant Portal and Owner Portal) available via web and mobile apps. Additional services are offered as integrated modules including Maintenance and Repairs (in-house team with Licensed Contractor), Eviction Services, and REO/Foreclosure Management. The company also integrates with Showmojo for property listings and showing scheduling.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Full-service residential property management for single-family homes, duplexes, multi-family units, and condominiums in Southeast Wisconsin. Includes tenant screening, rent collection, lease enforcement, and proactive maintenance, delivered to local and out-of-state investors.
• Tenant Portal Online self-service portal for tenants to pay rent, submit maintenance requests, view account information, communicate with management, and manage renters insurance. Available via web and mobile applications on iOS and Android.
• Owner Portal Online portal for property owners to access financial statements, monthly summaries, year-end tax statements, property documents, and make payments (owner contributions, maintenance repairs, reserves) via eCheck or debit card, available 24/7.
• Maintenance and Repairs In-house maintenance team with a Licensed Contractor on staff providing repairs, permit acquisition, and inspection coordination. Services include cleaning, hauling, painting, plumbing, electrical, roofing, carpentry, HVAC, siding, drain cleaning, and general handyman work, available to managed properties.
• Eviction Services Comprehensive eviction support including process guidance, paperwork and court filings, attorney court representation, tenant communication, and timeline management. Includes preventative services such as tenant screening and lease agreement drafting.
• REO/Foreclosure Management Specialized management of Real Estate Owned (REO) properties for banks and lenders, including swift property possession, code violation and HOA compliance resolution, in-house repairs, market-ready preparation, and transparent investor communication.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• AppFoliocoreTechnology or IntegrationMPI Property Management uses AppFolio Property Manager as their core property management platform. This technology enables their online owner and tenant portals, rent collection, maintenance request tracking, and financial reporting capabilities.
• ShowMojocoreTechnology or IntegrationMPI Property Management uses ShowMojo for property listings and showing scheduling. Prospective tenants are directed to showmojo.com to view available properties and schedule showings.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Bear Property Management: Wisconsin-based residential property manager focused on the Milwaukee metro. Competes head-to-head for the same owner-investor and tenant segments as MPI.
• Cardinal Property Management: Milwaukee-area residential property management firm serving local and out-of-state investors with full-service offerings. Directly comparable to MPI on geography, customer segment, and service scope.
• Landstar Property Management: Regional residential property manager in Wisconsin offering full-service management for single-family and small multifamily owners. Comparable business model and target customer.

Broad incumbents

• Keyrenter Property Management: Franchise residential property management brand serving single-family and small multifamily investors across multiple U.S. metros, including Midwest markets. Comparable customer base and tech-enabled operations.
• Real Property Management: National franchise network of residential property managers with multiple Wisconsin franchisees. Operates at greater scale with similar full-service offerings and recurring fee model.
• Property Management Inc. (PMI): National franchise brand for residential property management with local franchisees in the Midwest. Comparable recurring fee model and full-service scope.

Others

• AppFolio: Property management software provider whose platform MPI runs on. Not a direct competitor but enables competitors using the same stack, which directly affects MPI's relative service differentiation.
• ShowMojo: Showing automation and rental listing platform used by MPI for tenant acquisition. Functions as an enabling vendor for the broader property management category.

Emerging players

• Roofstock: Marketplace and management platform for single-family rental investors, including turnkey property management services in select markets. Adjacent to MPI's out-of-state investor focus.
• PadSplit: Tech-enabled shared-housing property manager. Operates in the residential rental management space with a differentiated co-living model, increasingly relevant to single-family rental investors.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/MPIPropertyMgmt
• Facebookfacebook.com/RentFromMPI
• LinkedInlinkedin.com/company/mpipropertymanagementllc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 MPI Property Management