Property Management
in Rapid City, SD

Top 5 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.

South Dakota

License #: 10791

NWE Management Company

#1 best rated of 5 Rapid City, SD property management companies

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No Reviews Found

605-394-3310
314 Founders Park Dr, Rapid City, SD 57701
Areas Served Rapid City
? BBB: N/A
Since 1987
Residential
Commercial
Hoa
  • Provides marketing services through its high profile website, local advertising outlets and networking.
  • Offers in-house professional accounting services including two CPAs and four accounting support staff. Monthly and year-end financial statements available for record-keeping purposes and tax filings.
  • Legal counsel specializing in real estate leasing available for consultation to cover a variety of situations. Expertise in working with zoning and planning agencies for development and re-purposing projects.
  • On-site maintenance personnel is available for a variety of tasks, plus close connections with local contractors who can deal with any type of maintenance, repair, remodel or new construction project.
  • Reviews insurance policies and coverages, negotiates any insurance claims directly with the insurance adjuster and helps find the best rates.

License #: 10906

Kahler Property Management

#2 best rated of 5 Rapid City, SD property management companies

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Based on 1 Reviews Show all

605-343-7525
2040 W Main St #100, Rapid City, SD 57702
Areas Served Rapid City
? BBB: N/A
Since ?
Residential
Commercial
Hoa
  • Provides comprehensive tenant screening services such as application processing, background checks and placement support.
  • Emergency maintenance personnel is available for responsive repairs 24/7.
  • Ensures properties are ready for new tenants. Maintains photographic records of properties at each move in or move out phase.
  • Handles tenant communications for maintenance and emergency requests. Provides inspections every six months for tenant compliance.
  • Reporting functions for accounting purposes are available for monthly and yearly financial statements.

License #: ?

A&A Professional Property Management

#3 best rated of 5 Rapid City, SD property management companies

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Based on 3 Reviews Show all

605-341-7761
1402 West Rapid Street, Rapid City, SD 57701
Areas Served Rapid City
? BBB: A+
Since 1990
Residential
Commercial
Hoa
  • Screens prospective residents in order to obtain responsible tenants in all properties.
  • Provides owners with detailed, accurate and timely reporting including keeping records of property files.
  • Familiarity with Fair Housing laws, compliance and regulatory codes.
  • Processes and provides requests for maintenance and repairs using cost-effective methods.

License #: ?

Lewis Kirkeby & Hall Property Management

#4 best rated of 5 Rapid City, SD property management companies

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605-348-1865
401 Sturgis St, Rapid City, SD 57702
Areas Served Rapid City
1-10 employees BBB: N/A
Since 1972
Residential
Commercial
Hoa
  • Provides property management services to clients owning single-family residential properties, conventional multifamily housing communities, federally insured and assisted multifamily housing communities.
  • Approved property management agent with the Department of Housing and Urban Development and is a member of the Affordable Housing Management Association/Mountain-Plains-Desert, the Black Hills Area Multi-Housing Association, and the National Apartment Association.

License #: 13728

MLM Asset Management, LLC

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No Reviews Found

605-381-2113
333 West Blvd, Rapid City, SD 57701
Areas Served Rapid City
? BBB: N/A
Since ?
Residential
Commercial
Hoa
  • Focuses on commercial property management company in Rapid City, South Dakota including Black Hawk, Hot Springs, Piedmont, Custer and Hill City.
  • Provides maintenance and repairs including emergency services 24/7 through an online portal. Includes regular on-site visits to ensure the integrity of the property.
  • Offers secure online access to view rental payments, financial statements and maintenance requests.
  • Administrative support is available for rental applications and financial records.

Rapid City vs Nearby Cities

Rapid City rests just east of the Black Hills National Forest in western South Dakota. With a median listing price for homes around $250,000 or $200 per square foot, the city’s real estate market reflects prices slightly higher than those in many surrounding cities. In Hot Springs and Belle Fourche, the median listing price is much closer to $200,000 if not a bit below. There are some cities in this area offering higher prices due to limited inventories. For instance, the median listing price is around $300,000 in Sturgis. Home prices in this city can range from under $100,000 to more than $500,000, and there are often fewer than 100 homes available.

Rapid City Property Managers

When real estate investors and property managers can’t properly maintain their rental units, they often hire property managers to take over the day-to-day operations. Duties can range from basic rent collection and customer service to complete operational control. Managers often have enough real estate knowledge to help set competitive rent prices.

Rapid City Property Management Fees

While some property management companies will work for a flat fee per month, most charge a percentage of the monthly rent value. The average managerial fee is around 10 percent, but some companies will charge less for contracts that include fewer services. Owners or investors are still required to cover daily operational expenses.

South Dakota Landlord/Tenant Laws

  • South Dakota landlords can legally charge no more than the equivalent of one month’s rent when asking a new tenant for a security deposit.
  • If a tenant requests an itemized list of deductions from their security deposit, the landlord has up to 45 days from the move-out date to deliver the list plus the remaining portion of the deposit.