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Best Property Management Companies in Sioux Falls, SD

Our Recommended Top 6

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 Sioux Falls 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.

36Reviewed

24Curated

6Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

4700 E 61st Street, Sioux Falls, SD 57108

Expertise.com Rating

Review Sources

Google
4.3 (364)
Facebook
4.3 (110)
Yelp
2.5 (9)

Why choose this provider?

Real Property Management Express is committed to helping property owners boost their cash flow from their real estate investment. The company's property managers near Sioux Falls serve clients who own large-scale apartment complexes or more than 10 rental units. They provide solutions to a variety of concerns, such as high vacancy rates, eviction issues, utility, rent value, and security deposit disputes. Clients can schedule consultations so that the firm can tailor a plan for them.

  • Maintenance
  • Tenant Screening

3130 West 57th Street, Sioux Falls, SD 57108

Expertise.com Rating

Review Sources

Google
4.2 (77)

Why choose this provider?

Reside Property Management serves clients who own residential investment properties. The managers at this property management company in Sioux Falls can assist clients with a multitude of administrative needs, typically by collecting rent and documenting expenses such as HOA fees or utilities. Reside Property Management does landscaping work and offers 24/7 maintenance services. It can also hire and manage staff for properties, and it manages relations between landlords and their tenants. Marketing and financial management services are available as well.

  • Maintenance
  • Accounting Services

927 East 8th Street, Sioux Falls, SD 57103
Website

Expertise.com Rating

Review Sources

Google
4.1 (29)
Facebook
4.3 (12)
Yelp
2.5 (3)

Why choose this provider?

Luke Properties is a real estate and property management firm that focuses heavily on selling properties to investor clients. It helps clients to find new residential and commercial properties and advertises for tenants as well. The firm can take over management of properties so that clients don't have to collect rent, organize maintenance work, or compile and document financial records. Luke Properties can also sell any properties that clients are no longer interested in.

  • Leasing

5000 South Minnesota Avenue, Sioux Falls, SD 57108

Expertise.com Rating

Review Sources

Google
4.5 (8)

Why choose this provider?

KEEZ Property Management is a property management company in Sioux Falls that has been serving owners and renters for over 20 years. Its property managers help keep residential investment properties such as apartments, duplexes, houses, and townhomes in good condition. This locally owned company handles day-to-day operations to help maximize the client's investment. It also represents a variety of residential properties and rental units that suit different tenant needs and family sizes.

  • Property Inspection
  • Property Assessment

101 South Reid Street, Sioux Falls, SD 57103

Expertise.com Rating

Review Sources

Google
4.1 (175)
Yelp
3.0 (2)

Why choose this provider?

Lloyd Companies is a full-service real estate company that was established in 1972. It offers real estate development, construction, and property management services in the plains region. This company manages a variety of residential, commercial and mixed use properties. With nearly 50 years of industry experience, over 6,000 units and 2.2 million sq feet of commercial space under management, they are a leader in the industry. They focus on providing well maintained properties and an excellent investor and customer experience.

  • Maintenance
  • Marketing
  • Collection

824 W 11th St, Sioux Falls, SD 57104, Sioux Falls, SD 57104

Expertise.com Rating

Why choose this provider?

Alpine Property Management LLC manages residential properties for investors and has over 75 years of experience as a company. When clients have a new or vacant properties it can market them to potential tenants and coordinate the leasing process so that clients don't have to. Alpine Property Management LLC deals with both routine and urgent maintenance services. It offers construction services to clients that want to repair significant damage or renovate their properties.

  • Maintenance

Compare our Top Property Management Companies

NameExpertise RatingAddressPromotionsLearn more
Real Property Management Express
4700 E 61st Street, Sioux Falls, SD 57108
Reside Property Management
3130 West 57th Street, Sioux Falls, SD 57108
Luke Properties
927 East 8th Street, Sioux Falls, SD 57103
KEEZ Property Management
5000 South Minnesota Avenue, Sioux Falls, SD 57108
Lloyd Companies
101 South Reid Street, Sioux Falls, SD 57103
Alpine Property Management, LLC
824 W 11th St, Sioux Falls, SD 57104, Sioux Falls, SD 57104

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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