Property Management
in Minneapolis, MN

Top 23 Property Management Companies

Companies who earn the iPropertyManagement seal of approval have demonstrated a high standard of excellence for both owners and tenants in the field of property management.

Minnesota

License #: ?

MATCOM Property Management, Inc

612-788-1401
2200 Johnson St NE, Minneapolis, MN 55418

Based on 5+ Reviews Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • Services will include accounting, rent collection and year-end tax reporting.
  • Property management will coordinate all building maintenance through licensed building maintenance.
  • Tenants will have access to a 24-hour page number for emergency maintenance issues.
  • If the property owner is interested in further developing a property, then project consultation is available to them. Project management would also be available given that the requested development is deemed feasible.
  • For properties that have facilities, they will be managed as agreed upon.
  • Tenants will be screened via credit and criminal background checks.
  • All leases will reflect the most current and applicable state and federal laws.

License #: ?

Baker Management Group

612-870-7717
308 W 22nd St # 101B, Minneapolis, MN 55404

Based on 5+ Reviews Show all

Based on 2 Reviews Show all

Residential
Multifamily
Hoa
Commercial
Short-term
  • Month-to-month leases will be available to tenants at no additional monthly cost.
  • All maintenance requests will be managed through an online workflow software.
  • Property owners and tenants will be able to access property details that pertain to them via their separate and secure online portals. Tenants can also pay rent through the portal.

License #: ?

Equity Options Property Management

612- 600-8888
3346 Hennepin Ave #201, Minneapolis, MN 55408

Based on 5+ Reviews Show all

Based on 2 Reviews Show all

Residential
Multifamily
Hoa
Commercial
Short-term
  • Property owners and tenants will have separate and secure online portals to view respective property details at any time.

License #: ?

Place Property Management

763-200-1300
3016 Bryant Ave S, Minneapolis, MN 55408

Based on 4 Reviews Show all

Based on 9 Reviews Show all

Residential
Multifamily
Hoa
Commercial
Short-term
  • The property management company will guarantee that a tenant will be placed in a vacant property within three weeks of its initial vacancy date. If a tenant is not placed within three weeks, then the first month of property management services will be free.
  • Prospective tenants will be screened for income, criminal background, credit score, bank balances and rental history.
  • Each property will be advertised with professional digital photos.
  • A 12-month tenant warranty is a part of receiving property management services. If a tenant doesn’t last 12 months, then they will be replaced at no cost to the property owner.
  • Property owners will receive rental proceeds via ACH direct deposit no later than seven days after receipt from tenants.
  • If a tenant pays rent late more than twice, then the monthly rent will increase by 5%.
  • Each property or unit will be subject to a $100 setup fee when there are existing tenants.
  • For each lease renewal, there will be a $75 renewal fee.
  • Property management fees will be equal to $79 per month per unit.

License #: 40199587

Twin Cities Home Rental

612-822-4663
5200 S 34th Ave, Minneapolis, MN 55417

Based on 5+ Reviews Show all

Based on 1 Reviews Show all

Residential
Multifamily
Hoa
Commercial
Short-term
  • Each property will receive a free, no-obligation rental analysis prior to entering into a service agreement.
  • Property owners will not have to pay any fees until a tenant is placed.
  • Monthly management fees will be $89.
  • There will be an initial tenant placement fee equal to 80% of the first month’s rent when owners also have a full-service management contract.
  • If tenants opt to renew their lease, then there will be a renewal fee equal to 20% of the first month’s rent for the next lease term.
  • If the tenant doesn’t stay for the full 12-month lease term, then a new tenant will be placed at no additional charge to the property owner.
  • For placement only services, the fee will be 100% of the first month’s rent. The tenant placement guarantee does not apply to placement only services.
  • Properties will be advertised through various online rental platforms as well as through associations, groups, forums, blogs and traditional print media.
  • Tenants will be screened via national, county, state and federal criminal background checks as well as sex offender record searches. Prospective tenant’s employment will also be verified, credit report pulled, prior landlord verification, eviction record search and a check for any bankruptcies, liens or judgments.
  • Management services will include move-in and move-out inspections as well as coordination of all on-going maintenance throughout the lease term.
  • Owners can access all property details through their online owner portal. This includes having the ability to run customized financial reports.

License #: ?

EIG Property Management

612-284-9382
1012 N 5th St, Minneapolis, MN 55411

Based on 5+ Reviews Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • Owners can log in to their owner’s account and access real-time information such as open and closed work orders, weekly leasing reports and monthly financial reports.
  • General property maintenance will be managed by a small, in-house maintenance team.
  • Large repairs will often be contracted to one of the third-party vendors who have already agreed to pre-negotiated rates.
  • Leases will be drafted by a property management attorney licensed in the state.
  • Background checks for potential tenants will be completed by a third party, and they will look at credit and criminal background.
  • Tenants will have access to a 24-hour paging system in the event that an emergency repair needs to be addressed.
  • Management services include rent collection, management of tenant requests as well as move-in and move-out inspections.
  • Property owners will receive year-end reporting, annual budget plans, monthly bookkeeping, security deposit accounting and monthly direct deposit of rental proceeds.

License #: ?

Apartment Management Co

612-922-4312
2905 Dean Pkwy A, Minneapolis, MN 55416

Based on 5+ Reviews Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • All available units will be displayed on the property management company’s website 24/7 until a tenant is placed.

License #: ?

Aeon Management

612-341-3148
901 N 3rd St #150, Minneapolis, MN 55401

Based on 5+ Reviews Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • The management team’s focus is on affordable property management for properties that will provide housing for those in the community who need it most.

License #: ?

Diversified Property Management

612-724-7368
3750 Cedar Ave S, Minneapolis, MN 55407

Based on 5+ Reviews Show all

Based on 1 Reviews Show all

Residential
Multifamily
Hoa
Commercial
Short-term
  • Vacant properties will be advertised on the management team’s home website until a qualified tenant is placed.

License #: ?

Velair Property Management

612-243-3111
7645 Lyndale Ave S #210, Minneapolis, MN 55423

Based on 2 Reviews Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • Each property with vacancies will be advertised on the management team’s website until a tenant is placed.

License #: ?

BDC Management

612-371-0766
428 N 1st St, Minneapolis, MN 55401

Based on 5+ Reviews Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • Property management services will include on-going building maintenance, full-service accounting and enforcing that tenants follow lease agreements.
  • Each property will have a full-time site manager to ensure that all resident needs are managed.
  • There will be a maintenance staff to handle basic repairs and general maintenance as well as a groundskeeping staff to maintain the upkeep of the property’s exterior.
  • Tenants will be screened, the property will be advertised, rent will be collected and oversight of all property caretaking will be managed on behalf of the property owner.
  • Owners will receive monthly reports with a break down of all financial aspects of each property.
  • Tenants will have access to a 24-hour on-call system in the event that an emergency repair is necessary.

License #: ?

Innovative Properties

612-922-7925
2245 E 38th St, Minneapolis, MN 55407

Based on 5+ Reviews Show all

Based on 8 Reviews Show all

Residential
Multifamily
Hoa
Commercial
Short-term
  • All property maintenance requests that are not an emergency will be managed through an online workflow management software.
  • Each unit that is vacant will be displayed on the home website of the property management team until a tenant is placed.
  • Property owners and tenants will have separate online portals from which they can view relevant property details and make payments.

License #: ?

Urban Enterprises, Inc

612-236-9296
4542 Nicollet Ave, Minneapolis, MN 55419

Based on 5+ Reviews Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • Tenants and property owners can view relevant property details at any time by accessing their individualized online portals.
  • Vacant properties will be advertised on the management team’s website until the vacancy is filled.

License #: 146479

RP Management

612-379-7890
1714 E Hennepin Ave, Minneapolis, MN 55414

Based on 1 Review Show all

Based on 8 Reviews Show all

Residential
Multifamily
Hoa
Commercial
Short-term
  • Property owners can choose between three service agreements: leasing only, full-service or ultimate service.
  • Leasing only services will have a fee equal to 100% of one full month’s rent or a minimum of $1,000.
  • Services include rental analysis, property showings, website advertising, professional photos of the property, tenant screening as well as lease preparation and execution.
  • Owners utilizing leasing only services can opt to add walk-through video tours of the property for online advertising for an additional $125. This service is included in full-service and ultimate service agreements.
  • The full-service management is available for $99 per month and only an additional $40 each month for additional units in the same building. There will be a new tenant placement fee equal to 100% of a full month’s rent.
  • In addition to leasing services, a full-service agreement will also come with a tenant guarantee, rental registration, a dedicated property manager, online payment options for tenants, owner portal with up-to-date financials, utility coordination, full-time accounting staff, 27/7 emergency hotline, end-of-year tax and tenant CRP processing as well as standard filter maintenance.
  • Owners can opt for detailed tenant move-in and move-out inspections with video documentation for an additional $95 fee. This service is included in the ultimate service agreement.
  • Maintenance and repair coordination will be available for 10% of the total repair cost for both full-service and ultimate service agreements.
  • If the property is occupied by a tenant at the point when property management services begin, then there will be a $250 charge for the initial property set up. This does not apply to ultimate service agreement holders.
  • With a full-service agreement, property owners will also be subject to a lease renewal fee of 25%, annual property evaluations with pictures will have a fee of $85 each and there will be an additional monthly technology fee of $5. These charges do not apply to ultimate service agreement holders.
  • Each tenant’s security deposit will be housed in a separate trust account and redistributed to the tenant upon move-out of there was no abnormal wear or damage to the property.
  • Property owners will be paid rental proceeds via ACH direct deposit by day 15 of each month.

License #: ?

North Bay Companies

612-843-4888
2316 S 4th Ave, Minneapolis, MN 55404

Based on 5+ Reviews Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • In-House maintenance staff will be available 24/7 to ensure that the needs of the property and tenants are managed promptly.
  • Each property will receive an annual investment and insurance analysis to ensure it remains in line with the market rate and is profitable for the owner.
  • If a major repair is required, then it may be executed by an outside vendor. All vendor contract negotiation and management will be handled on behalf of the property owner.
  • Services will otherwise include all marketing and lease-up efforts for each property and tenant.
  • The property management team will oversee and manage all major development or renovation that may take place on the property.

License #: ?

Steven Scott Management

952-540-8600
3020 France Ave S, Minneapolis, MN 55416

Based on 5+ Reviews Show all

Based on 1 Reviews Show all

Residential
Multifamily
Hoa
Commercial
Short-term
  • Tenants and owners will have the ability to view relevant property details and make applicable payments via their respective online portals.
  • All vacant properties will be advertised continuously on the management team’s home website until a qualified tenant is placed.

License #: ?

Property Solutions & Services, LLC

612-746-0400
708 N 1st St, Minneapolis, MN 55401

Based on 1 Review Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • Management services will include property maintenance, repairs, day-to-day management of tenant relations, regular compliance audits and full accounting services for each property down to the unit level.
  • Properties will be marketed via print and online platforms.
  • Each prospective tenant will receive an in-person showing.
  • Tenants will be screened via income verification as well as background and credit checks.
  • Each tenant must complete an in-person move-in and move-out inspection.
  • Rent will be collected, recorded and distributed to the property owner each month.
  • If late payments become an issue with a tenant, then all correspondence will be handled on behalf of the property owner.
  • Property bill pay will be completed semi-monthly.
  • The property manager will work with the owner to develop an annual budget, and they will supply the owner with period reports showing the progress.
  • All tasks such as snow removal, lawn care and large repairs will be overseen and negotiated on behalf of the property owner.

License #: ?

SATURDAY PROPERTIES

612-360-3113
3546 Dakota Ave S suite d, St Louis Park, MN 55416

Based on 2 Reviews Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • Available property management services include managing development projects, full-service leasing and marketing as well as all the day-to-day tenant relations.

License #: ?

ASK Properties

612-490-5835
5605 W 36th St #205, Minneapolis, MN 55416

No Reviews Found Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • Property owners and tenants will have separate and secure online portals from which relevant property details can be viewed and payments can be made.
  • Full-service property management will include a tenant warranty program, tenant screening, collection of deposits and fees, in-person move-in inspections, property marketing and showing, lease execution, management of all tenant relations, final move-out inspections and regular property inspections as well as monthly rent collection and distribution.
  • The full-service property management plan is available for a $299 flat rate leasing fee and 10% of the monthly rent moving forward.
  • Owners can also opt for a bare-bones management plan that would not include lease renewals, periodic property inspections, eviction management or final move-out inspections. This plan is available for 80% of one month’s rent and an $80 monthly management fee during the lease term.
  • There is a leasing only service available that would include marketing, property showings, tenant screening, move-in inspections and tenant warranty. This service is available for 90% of one month’s rent or a $500 minimum.

License #: ?

Common Properties Management Cooperative

612-767-2110
219 SE Main St Suite 504, Minneapolis, MN 55414

No Reviews Found Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • All respective property details can be accessed by tenants and owners at any time via their separate and secure online portals.
  • Tenants can pay rent online or by traditional payments such as cash, check or card. They can also opt to enroll in online automatic payments.
  • Vendor invoices will be paid on a weekly basis.
  • Owners will receive monthly and annual financial statements as well as property updates.
  • If a tenant becomes delinquent on their payments, then they will be issued late payment notices and eviction proceedings will commence if necessary.

License #: ?

KMS Management

952-593-9930
5831 Cedar Lake Rd, Minneapolis, MN 55416

No Reviews Found Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • Each unoccupied unit will be advertised on the property management company’s website until a tenant is placed.

License #: ?

MGM Property Management, LLC

612-315-5310
2111 Central Ave NE, Minneapolis, MN 55418

No Reviews Found Show all

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • Vacant properties will be advertised on the management team’s home website until a lease is executed.

License #: ?

MPLS RENT

612-481-0174
4917 S 28th Ave, Minneapolis, MN 55417

No Reviews Found

No Reviews Found

Residential
Multifamily
Hoa
Commercial
Short-term
  • The tenant placement fee will be determined based on the length of the lease. For 1-18 month lease terms, the fee will be equal to one month’s rent. If the lease term is 18-36 months, then the tenant placement fee will be equal to one and a half month’s rent.
  • Lease renewals will be subject to a flat fee of $250.
  • For handyman services, the owner will be billed at $35-$45 per hour depending on the repair.
  • Monthly property management fees will begin once a tenant moves in. The fee will be $75 per month for full-service management services.
  • Each property will receive a free valuation of rent-readiness prior to entering into a management services agreement.
  • Properties will be marketed on over 200 websites with professional photos as well as popular print media throughout the community.
  • Each prospective tenant will be offered an in-person property showing on behalf of the owner.

Minneapolis vs Nearby Cities

Minneapolis and Saint Paul are known as the Twin Cities of eastern Minnesota, and the real estate markets in these cities took a turn toward bullish in 2016. With a limited supply of available homes and a strong demand from young buyers and new residents, prices skyrocketed and are expected to stay strong for years to come. Minneapolis offers a median listing price well over $250,000, and the median listing price is Saint Paul is often around $220,000.

These prices are comparable to many surrounding cities like Bloomington and Mankato, but higher prices are seen in nearby Minnetonka. The median listing price is often around $400,000 in this city. Renters can expect to pay a median of $1,500 per month in this area of the state.

Minneapolis Property Managers

Property managers are hired for their real estate expertise as well as their ability to efficiently oversee rent collections, property maintenance, renovation projects, marketing, tenant screening and many other essential tasks. They can help a property owner determine the best rental price while ensuring that each unit is occupied and well cared for over time.

Minneapolis Property Management Company Fees

Most property managers in Minneapolis base their fee on the amount of rent collected from tenants each month. This fee can go up to 14 percent on average, but most property owners are charged closer to 10 percent if not even less. This is the basic management fee, and other fees typically apply.

Minnesota Landlord/Tenant Laws

  • Tenants have the right to inspect a rental unit before paying any money toward the rental agreement. This includes the heating and air conditioning, plumbing, electrical system and other property elements.
  • Minnesota landlords are required to complete background checks on all prospective property managers before they are hired and given access to rental units.