Expertise.com
2024

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Best Property Management Companies in Bloomington

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 Bloomington 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.

22

Reviewed

15

Curated

6

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

33 Tenth Ave S. Suite 100, Minnetonka, MN 55343
WebsiteLicense: 40335917

Expertise.com Rating

Review Sources

Google
4.9 (108)
Facebook
5.0 (8)

Why choose this provider?

Real Property Management Viking is a firm that provides services to clients in the area of Bloomington and its neighboring communities. It conducts tenant screening, leasing, maintenance, marketing, rent collection, and evictions on behalf of property owners and investors. Its aim is to maximize and protect its clients’ property investments by streamlining its processes to maximize rental income and minimize expenses. It manages condos, houses, small apartments, and duplexes and triplexes. It has 30 years of property management experience.

  • Rent collection

6385 Old Shady Oak Rd Suite #250, Eden Prairie, MN 55344
WebsiteLicense: 40580383

Expertise.com Rating

Review Sources

Google
4.9 (38)
Facebook
5.0 (10)

Why choose this provider?

Twin Cities Leasing is a residential property management company. It serves homeowners, landlords, tenants, and investors in Bloomington and the surrounding areas. It manages different properties, such as condominiums, duplexes, townhouses, and single-family homes. It provides several services, such as conducting showings, marketing properties, coordinating moving in and out inspections, collecting monthly rent, and lease compliance and modification. Jim, the owner and primary broker, has been leasing and managing properties since 2008.

  • Screen new tenants

Minneapolis, MN
WebsiteLicense: 20484034

Expertise.com Rating

Review Sources

Google
4.8 (57)

Why choose this provider?

Complete Management Services offers services to clients in Bloomington and the surrounding areas. Its property management services involve maintenance, semiannual or quarterly inspections, rent collection, and move-in and move-out solutions. Its team also helps in performing background checks to determine if potential tenants are suitable for the property. In addition to serving investors and owners, the company guides individuals and families needing assistance in finding properties around the community. Its co-owner, Cherlyn Ashton-Ludwig, brings over 20 years of real estate experience.

  • Marketing
  • Tenant Screening

Minneapolis, MN 55343

Expertise.com Rating

Why choose this provider?

LifeCycle Real Estate Services is a property management company near Bloomington. It was founded by realtor and businessman Brian Weedman in 1997. The company offers property management services including tenant screening and lease management. Its property managers handle rent collection, accounting services, and monthly reports. They also oversee routine inspections, property maintenance, and repairs. The company uses a cloud-based software system to keep property owners up-to-date on the status of their properties.

  • Tenant Screening

1895 Plaza Dr #100, Eagan, MN 55122
WebsiteLicense: 20615880

Expertise.com Rating

Why choose this provider?

Real-Time Leasing, CRMC, offers property management solutions to clients in the Bloomington area. Its staff handles a range of properties, from individual units and single-family homes to small apartment buildings. It takes care of all aspects of properties according to the terms of the lease agreement, which covers tenant relations and day-to-day operations. The property managers also assist owners or investors in screening and evicting tenants, collecting rent payments, and coordinating maintenance or repair requests. Real-Time Leasing has been in operation since 2001.

  • Property Maintenance

19950 Dodd Blvd, Suite 102, Lakeville, MN 55044
WebsiteLicense: 40485794

Expertise.com Rating

Review Sources

Google
4.5 (595)

Why choose this provider?

Mauzy Properties is a full-service property management and real estate firm launched in 2010. It oversees the operations of rental properties, like single-family homes, multi-family residences, and commercial units, in Bloomington and neighboring communities. Services for clients include advertising and home showing, tenant screening, lease contracting and enforcement, rent collection, and eviction processing. It also performs routine inspections, delivers in-house maintenance services, and manages expenses. Mauzy Properties is headed by Chris Mauzy, with over 30 properties in his portfolio.

  • Property Inspection
  • Property Maintenance

Frequently Asked Questions

  • 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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