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2024

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Best Property Management Companies in Rochester, MN

Our Recommended Top 4

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Rochester Property Management Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

26Reviewed

17Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2460 N Broadway Ave, Rochester, MN 55906

Expertise.com Rating

Review Sources

Google
4.2 (272)
Yelp
1.5 (6)

Why choose this provider?

Infinity Real Estate & Management Group is a property management company in Rochester that serves residential property owners. Its services include tenant screenings, on-site repairs, property inspections, and rental payment collections, and it provides an online portal for all property owners for 24/7 access to tax statements, monthly financial reports, and other property documents. The company's agents handle all matters pertaining to showings and leasing of apartments, and they assist with online marketing of available units.

  • Leasing
  • Tenant Screening

4057 28th St NW, Rochester, MN 55901
WebsiteLicense: 111494

Expertise.com Rating

Review Sources

Facebook
4.0 (4)
Google
5.0 (2)

Why choose this provider?

Hamilton Real Estate Group is a real estate and property management firm that serves clients in and around Rochester. It was established in 1979 and its property managers handle the leasing and management of rental properties in the area. Management plans can be tailored to fit the needs of rental property owners, ranging from full-service property management to specific functions such as maintenance or accounting only. The company also offers the sale, leasing, and development of investment real estate and industrial real estate.

  • Tenant Screening
  • Market Vacancies

1418 1st Avenue Northeast, Rochester, MN 55906

Expertise.com Rating

Review Sources

Google
5.0 (5)

Why choose this provider?

Amir Real Estate & Management Group is a Rochester-based real estate company specializing in property management. Founded and headed by Amir Taherkhanchi, the business is licensed to perform a wide range of services including preparing houses for rental, routine unit management, and accounting. As a real estate company, Amir Real Estate & Management Group also provides both buyers and sellers with a vast selection of prime single-family properties to choose from, assisting from selection, sale to management.

  • Tenant Screening

1500 1st Avenue Northeast, Rochester, MN 55906

Expertise.com Rating

Review Sources

Google
3.8 (19)

Why choose this provider?

Opportunity Realty, LLC, is a real estate and property management business operating in Rochester. It offers a wide range of property management services, including dealing with leasing processing and renewals, monthly accounting reports, building maintenance, and rent collection. Aside from individual condominiums and rental buildings, the business also manages properties under Section 42, which is a government program for people with moderate or lower incomes. It believes that communication between all parties is an important part of success.

  • Tenant Screening

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
Infinity Real Estate & Management Group
2460 N Broadway Ave, Rochester, MN 55906
Hamilton Real Estate Group
4057 28th St NW, Rochester, MN 55901
Amir Real Estate & Mgmt Group
1418 1st Avenue Northeast, Rochester, MN 55906
Opportunity Realty, LLC
1500 1st Avenue Northeast, Rochester, MN 55906

FAQs

  • What is property management?

    Property management is the business of controlling and overseeing real estate, including residential and commercial rental properties. These professionals handle general maintenance and day-to-day operations on behalf of the property owner. They’re responsible for marketing properties, finding and screening tenants, collecting rent, and preparing units between leases. They may also handle repairs, evictions, and any problems that arise.

  • What does a property manager do?

    Professional property managers perform critical tasks throughout the leasing life cycle, from preparing a rental property, through tenant move-ins and move-outs. They can also provide referrals for legal advice, home repairs, and services that aren’t covered by the management agreement. Here are some of their key responsibilities:

    • Marketing and listing vacant units
    • Processing applications and screening tenants
    • Conducting quarterly and annual inspections
    • Orchestrating move-in procedures
    • Coordinating maintenance and repairs
    • Collecting rent and applying penalties
    • Conducting move-out inspections and returning deposits
    • Handling evictions and posting quit notices
    • Complying with fair housing regulations
    • Compiling monthly expense reports
    • Preparing annual tax documents

  • How much do property management companies charge?

    Property management fees can vary substantially depending on the size of the property, number of units, and scope of service. Property owners can expect to pay one month of rent to fill vacant properties and 10% of the gross cash flow to manage the property. Investors should also account for monthly maintenance, contributions to a reserve repair fund, and early termination fees if they decide to cancel the property management contract. Evictions and other non-routine services typically cost extra.

  • How do I manage a rental property from out of state?

    Managing a property isn’t easy, and the job is even more difficult for out-of-state landlords. Thorough tenant screenings are the best way to prevent many common problems. Landlords should also maintain strong relationships with neighbors who can alert them if anything goes wrong. Investors who prefer a more hands-on approach should consider hiring a property manager to represent their interests.

  • Does a property manager need a real estate license?

    Yes, in most states, property managers must have a real estate license to advertise rentals, show properties, sign lease agreements, collect rent, and perform other fiduciary activities. A community association manager license or similar certification may also be required for professionals who want to work for an HOA or apartment complex, although this credential is optional in most states.

  • How do I find a good property management company?

    Property managers differ significantly in their approach and level of expertise. It’s important for owners to screen potential candidates to ensure that they're choosing the most qualified professional. Here are a few questions to ask during the interview:

    • How many units do you manage?
    • How big is your staff?
    • Do you have a maintenance crew?
    • How long does it take to fill vacant units?
    • What happens if my tenant doesn’t pay on time?
    • Have you ever filed an eviction?
    • What type of communication can clients expect from you?

  • Do property management companies find tenants for rental properties?

    Yes, finding tenants and filling vacancies are key responsibilities for property managers. These professionals are responsible for advertising the property, and they handle all inquiries, applications, and showings. To find the most qualified tenants, managers perform background and credit checks, verify references, and confirm the applicant’s employment information, which can prevent problems and extra costs down the road.

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