Property Management
in Sioux Falls, SD

Top 18 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 #: 4667

Assam Commercial Real Estate Inc

#1 best rated of 18 Sioux Falls, SD property management companies

Based on 2 Reviews Show all

No Reviews Found

605-334-8040
530 S Phillips Ave, Sioux Falls, SD 57104
Areas Served Sioux Falls
? BBB: N/A
Since ?
Residential
Commercial
Hoa
  • Their property management services include lease administration, rent collection, maintenance, operating cost statement generation, and profit and loss statement generation.
  • In addition to property management, they also offer expertise in residential and commercial development, buyer and seller representation, landlord representation, BPOs, tax reviews, and 1031 exchanges.

License #: 14817

Pioneer Property Management

#2 best rated of 18 Sioux Falls, SD property management companies

Based on 2 Reviews Show all

No Reviews Found

605-332-8532
P.O. Box 1741, Sioux Falls SD 57101
Areas Served Sioux Falls
? BBB: N/A
Since 2015
Residential
Commercial
Hoa
  • Provides property management services specifically in the eastern region of South Dakota, including Sioux Falls, Aberdeen and Yankton.
  • In addition to residential and commercial properties, they also manage storage units.

License #: 10990

CynTom Property Management Inc

#3 best rated of 18 Sioux Falls, SD property management companies

Based on 2 Reviews Show all

No Reviews Found

605-338-9267
3800 S Grange Ave, Sioux Falls, SD 57105
Areas Served Sioux Falls
1-10 employees BBB: N/A
Since 1995
Residential
Commercial
Hoa
  • Conducts property showings on behalf of the owner.
  • Their maintenance services include lawn care, snow removal, sidewalk deicing, sprinkler system maintenance, carpentry, repairs, light cleaning and subcontractor management.
  • Performs routine and move-out property inspections.
  • Their financial services include accounts payable and receivable, and property owner reports.
  • Acts as a liaison between the property owner and brokers.
  • Their HOA management services include ACH dues collection, maintenance services as listed above, association booklet development, bookkeeping and board meeting attendance.

License #: 16941

Murray Properties LLC

#4 best rated of 18 Sioux Falls, SD property management companies

Based on 5+ Reviews Show all

No Reviews Found

605-339-2978
333 N Phillips Ave, Sioux Falls, SD 57104
Areas Served Sioux Falls
? BBB: A+
Since 1957
Residential
Commercial
Hoa
  • Their property management portfolio consists of residential units, commercial buildings and self-storage facilities.

License #: 16463

Solutions Property Management

#5 best rated of 18 Sioux Falls, SD property management companies

Based on 5+ Reviews Show all

No Reviews Found

605-988-8496
517 W 22nd St, Sioux Falls, SD 57105
Areas Served Sioux Falls
11-50 employees BBB: N/A
Since 2014
Residential
Commercial
Hoa
  • Conducts periodic property visitations.
  • Develops a maintenance schedule and budget.
  • Manages vendors hired to perform on-site services.
  • Hires, trains and evaluates on-site personnel.
  • Utilizes AppFolio and Yardi property management software to create customized reports for residential owners and commercial owners, respectively. At a minimum, they generate quarterly balance sheets, cash flow statements and occupancy reports. Additional reports are available upon request.

License #: 12147

Criterion Property Management

#6 best rated of 18 Sioux Falls, SD property management companies

Based on 3 Reviews Show all

No Reviews Found

605-275-6393
2100 S. Covell Avenue, Sioux Falls, SD 57105
Areas Served Sioux Falls
? BBB: N/A
Since ?
Residential
Commercial
Hoa
  • Their property management portfolio includes apartments, twinhomes and single-family residences located specifically in Sioux Falls and surrounding suburbs.

License #: 15943

Lloyd Companies

#7 best rated of 18 Sioux Falls, SD property management companies

Based on 5+ Reviews Show all

Based on 1 Reviews Show all

605-323-2820
101 S Reid St Ste 201, Sioux Falls, SD 57103
Areas Served Sioux Falls
51-200 employees BBB: N/A
Since 1972
Residential
Commercial
Hoa
  • Their residential management portfolio includes affordable housing and furnished corporate apartments.
  • Provides 24/7 emergency maintenance services, landscaping and snow removal to residential and commercial clients.
  • Provides financial management and accounting services to residential and commercial clients.
  • Residential and commercial clients receive mass purchasing power benefits.
  • Provides human resources, staffing and training for on-site residential management.
  • Develops lease-up strategies and tenant retention plans for residential properties.
  • Conducts commercial property site visits on a regular basis.
  • They have a hospitality division that develops, builds and manages hotels.
  • In addition to property management, they also offer real estate, investment, development and construction services.

License #: 4277

Bender Midwest Properties

#8 best rated of 18 Sioux Falls, SD property management companies

Based on 5+ Reviews Show all

No Reviews Found

605-339-9000
305 W. 57th St., Sioux Falls SD 57108
Areas Served Sioux Falls
11-50 employees BBB: N/A
Since 1998
Residential
Commercial
Hoa
  • Provides 24/7 emergency maintenance services.
  • Creates move-in, move-out and tenant retention plans.
  • Owners receive bulk-rate discounts on vendor services.
  • Their financial services include monthly financial reports, customized budgeting, CAM reconciliation, direct deposit of owner revenue and access to an online portal.

License #: 12153

Charisma Property Management Inc

#9 best rated of 18 Sioux Falls, SD property management companies

Based on 5+ Reviews Show all

No Reviews Found

605-271-4663
5101 S Nevada Ave #110, Sioux Falls, SD 57108
Areas Served Sioux Falls
? BBB: N/A
Since 2005
Residential
Commercial
Hoa
  • They utilize social media as a part of their web marketing strategy.
  • They conduct live property showings using video streaming software.
  • They are connected with the Crime-Free Housing Program of Sioux Falls to aid in tenant screening.
  • Provides property maintenance services.
  • Performs move-out cleanings upon tenant vacancy.
  • Owners have access to an online portal, powered by AppFolio, to view property reports on demand.

License #: 16332

Progressive Property Management

#10 best rated of 18 Sioux Falls, SD property management companies

Based on 2 Reviews Show all

No Reviews Found

605-323-0666
704 S. Cleveland Ave, Sioux Falls, SD 57103
Areas Served Sioux Falls
? BBB: N/A
Since 1999
Residential
Commercial
Hoa
  • They assess a one-time administrative and set-up fee for each new tenant. This fee includes marketing file creation, property showing and account set-up.
  • Their monthly management fee is based on a percentage of total rents collected. It includes rent collection, maintenance management and tenant communication.
  • Specific management prices are available by quote. Discounts are available for multiple properties.
  • Their management portfolio includes single-family homes, townhomes, duplexes, triplexes, four-plexes, condominiums and apartment complexes.
  • Their advertising strategy includes property signage, web resources and printed publications.
  • Conducts property showings on behalf of the owner.
  • Performs walk-through move-in and move-out inspections with photographs. Also conducts scheduled inspections during tenancy.
  • Uses a combination of their own staff and a list of preferred vendors to perform property maintenance.
  • Provides 24/7 emergency maintenance services.
  • Distributes monthly owner statements and offers bill payment services.
  • Their administrative services for HOAs include board meeting attendance, annual meeting attendance, membership roster maintenance, newsletter distribution, property transfers, service bidding, clubhouse rental coordination and seasonal employee management.
  • Their financial services for HOAs include billing, assessment collection, monthly financial statements, bank reconciliation, vendor payment and South
  • Dakota corporate filings.
  • Additional management services for HOAs include CC&R enforcement, 24/7 emergency services, payroll administration, work order coordination, association property inventory management and property inspections.

License #: 14718

Great Plains Property Management LLC

#11 best rated of 18 Sioux Falls, SD property management companies

Based on 5+ Reviews Show all

No Reviews Found

605-275-3090
5000 S Mac Arthur Ln, Sioux Falls, SD 57108
Areas Served Sioux Falls
? BBB: N/A
Since 2012
Residential
Commercial
Hoa
  • Their property management portfolio includes single-family homes, townhomes and apartments.

License #: ?

Carlson Property Management

#12 best rated of 18 Sioux Falls, SD property management companies

Based on 5+ Reviews Show all

No Reviews Found

605-271-7257
5216 26th St, Sioux Falls, SD 57106
Areas Served Sioux Falls
? BBB: N/A
Since 2014
Residential
Commercial
Hoa
  • Provides snow removal, lawn care and landscaping services to residential and commercial clients.
  • Offers construction, remodeling and light repair services.

License #: 15817

Costello Property Management

#13 best rated of 18 Sioux Falls, SD property management companies

Based on 1 Review Show all

Based on 1 Reviews Show all

605-336-9131
7409 Bitterroot Pl, Sioux Falls, SD 57108
Areas Served Sioux Falls
? BBB: N/A
Since 1968
Residential
Commercial
Hoa
  • Specializes in affordable housing management, including Section 8, Rural Development, Tax Credit and the HOME programs.

License #: 16721

Alpine Property Management

#14 best rated of 18 Sioux Falls, SD property management companies

Based on 5+ Reviews Show all

No Reviews Found

605-274-7368
826 W. 11th St., Sioux Falls SD 57104
Areas Served Sioux Falls
1-10 employees BBB: N/A
Since 2014
Residential
Commercial
Hoa
  • Their Old Reliable management plan fee is 8% and includes advertising, professional leasing photos, marketing reports, property showings by a professional leasing agent, a move-in and move-out inspection, in-house maintenance, online reporting, direct deposit of owner revenue, an annual revenue maximization review, their New Tenant Placement Guarantee and their Two-Month Risk-Free Guarantee. In this plan, the minimum monthly management cost is $65. The leasing fee is equal to one-half of the first full month’s rent.
  • Their Steady Growth management plan fee is 11% and includes everything in the Old Reliable plan. In this plan, the minimum monthly management cost is $85. No leasing fee is assessed.
  • Their Peace of Mind management plan fee is 14% and includes everything in the Old Reliable and Steady Growth plans plus their Lease Signed in 30
  • Days Guarantee, a professional marketing video, AppFolio premium advertising and their Eviction Guarantee. In this plan, the minimum monthly management cost is $100. No leasing fee is assessed.
  • They offer tenant placement-only services for 75% of one full month’s rent or a minimum of $600. Sales tax is additional. This service includes all advertising, tenant screening, lease signing, utility set-up instructions, deposit collection and first month’s rent collection.
  • Their Two-Month Risk-Free Guarantee states that an owner may terminate their contract within the first 60 days of management without a penalty.
  • Their Lease Signed in 30 Days Guarantee states that if Alpine Property Management is unable to rent a property within 30 days of being rent-ready, they will charge the owner for the Steady Growth plan for one year.
  • Their Eviction Guarantee states that legal fees required in forcible entry and detainers are covered by Alpine Property Management.
  • Their maintenance team provides 24-hour emergency services.
  • They also offer real estate investment consulting services.

License #: 16667

Falls Real Estate

No Reviews Found Show all

No Reviews Found

605-299-5348
230 S Phillips Ave #201, Sioux Falls, SD 57104
Areas Served Sioux Falls
? BBB: N/A
Since ?
Residential
Commercial
Hoa
  • Their portfolio includes office spaces and downtown loft apartments.

License #: 10123

Hagen Commercial Real Estate

No Reviews Found Show all

No Reviews Found

605-310-4227
609 E Tan Tara Cir # 100, Sioux Falls, SD 57108
Areas Served Sioux Falls
1-10 employees BBB: N/A
Since 2000
Residential
Commercial
Hoa
  • Their marketing strategy includes cold-calling prospective tenants and web advertising.
  • In addition to property management, they also offer development, sales, leasing and investment consulting services.

License #: ?

Nagel Property Management

No Reviews Found Show all

No Reviews Found

605-274-7373
1800 S. Alpine Ave, Ste 103 Sioux Falls, SD 57110
Areas Served Sioux Falls
? BBB: N/A
Since 2007
Residential
Commercial
Hoa
  • Specializes in single-family homes, twinhomes, townhomes, duplexes, apartments and condominiums.
  • Their leasing services include advertising, property showings, tenant screening, application processing, required disclosures, lease execution, and initial deposit and rent collection.
  • Coordinates property maintenance and repairs.
  • Conducts turnover inspections upon tenant vacancy.
  • Provides 24/7 emergency maintenance services.
  • Their financial services include monthly reports, annual reports, direct deposit of owner revenue and access to an online portal to view property information on demand.
  • Coordinates tenant evictions.

License #: 15785

Nelson Commercial Real Estate

No Reviews Found Show all

No Reviews Found

605-977-0778
3308 S Kiwanis Ave, Sioux Falls, SD 57104
Areas Served Sioux Falls
1-10 employees BBB: N/A
Since 2008
Residential
Commercial
Hoa
  • Offers site selection, investment property consultation, sales, leasing and cost segregation services.

Sioux Falls vs Nearby Cities

The median listing price for homes in the greater Sioux Falls metro area tends to stay around $200 per square foot, and home prices in the city of Sioux Falls are similar. The city’s median listing price tends to stay around $250,000 if not a bit lower with the median rental price hovering around $1,200 per month. Harrisburg is less than 10 miles to the south and generally offers the same median listing price, but Brandon is less than 15 miles to the north and has higher real estate prices. The median listing price for homes in Brandon can get close to $300,000 at times.

Sioux Falls Property Managers

Property managers make important decisions on behalf of rental property investors and owners. They can communicate with tenants regarding rent payment, late payment fees, property maintenance and complaints. They may also oversee property upgrades, repairs and maintenance for interior and exterior spaces.

Sioux Falls Property Management Fees

Property managers typically charge 10 percent of all rent collected each month. This is a general average with actual rates going as high as 15 percent or as low as 5 percent. Property management companies often base their rates on the amount of work required to manage a property and how many properties an owner wants them to manage.

South Dakota Landlord/Tenant Laws

  • If a rental property was used as a meth lab at any point in the past, landlords must inform all new tenants of this fact.
  • The equivalent of one month’s rent is the maximum that landlords can legally ask tenants to pay as a security deposit.