Expertise.com

Best Property Management Companies in Minneapolis

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Property Management Companies FAQs

Learn more
10K Realty & Property Management logo
Visit WebsiteWebsite

License Verified:

License: 40653631

Minnesota Department of Commerce, Real Estate Division

10K Realty & Property Management

316 E Main St, Anoka, MN 55303
Visit WebsiteWebsite
  • Marketing
  • Collection
  • Tenant Screening

Business Description

10K Realty & Property Management is a family-owned business that has been helping owners and renters in Minneapolis and its surrounding areas for over a decade. Its agents assist clients with property advertising, tenant relations, applicant screenings, rental collections, and financial reports. They also provide real estate services, including photography and virtual staging. 10K Realty is also a licensed brokerage that offers and manages a variety of single-family homes, apartments, and multi-unit investments throughout the Minnesota area.

License Verified:

License: 40653631

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Auntie B Rentals logo
Visit WebsiteWebsite

Auntie B Rentals

807 Broadway St NE Ste 144, Minneapolis, MN 55413
Visit WebsiteWebsite
  • Maintenance
  • Closing

Business Description

Auntie B Rentals provides comprehensive residential property management services. The company's property managers in Minneapolis offer tenant placement, management, and landlord coaching. The company's personalized management programs include a dedicated point of contact for tenants and owners. It also manages full move-in/move-out and periodic property inspections. The team assists with software setup to accommodate online bill payment, statement viewing, and maintenance requests. Auntie B's also offers add-on services, such as periodic cleaning.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Common Properties Management logo
Visit WebsiteWebsite

License Verified:

License: 40152357

Minnesota Department of Commerce, Real Estate Division

Common Properties Management

219 Main Street SE Suite 504, Minneapolis, MN 55414
Visit WebsiteWebsite
  • Maintenance
  • Collection

Business Description

Based in Minneapolis, Common Properties Management oversees rental condominiums, single-family homes, apartments, cooperatives, and commercial spaces throughout the metro. Its scope of services covers financial reporting, rent collection, and property maintenance. It also deals with rule violations and legal actions when necessary. The firm's executive director, Perry Hansen, has been in the property management business since 1978. His team uses governance training in its operations and offers specialized financial services to help clients achieve their investment goals.

License Verified:

License: 40152357

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Creative Housing Solutions logo
Visit WebsiteWebsite

License Verified:

License: 20373508

Minnesota Department of Commerce, Real Estate Division

Creative Housing Solutions

825 Wayzata Blvd E #200, Wayzata, MN 55391
Visit WebsiteWebsite
  • Maintenance
  • Leasing
  • Closing

Business Description

Creative Housing Solutions is a woman-owned property management company serving clients in Minneapolis. It provides property management services that include leasing, tenant screening and retention, and residential property maintenance. The members of its property management team have more than 50 years of combined industry experience. Creative Housing Solutions is an advocate of diversity in the workplace. It has adopted diversity as an essential part of its commitment to delivering quality service due to its positive impact on employees, clients, and the community.

License Verified:

License: 20373508

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.6 / 5 (11)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
DRG logo
Visit WebsiteWebsite

License Verified:

License: 40065955

Minnesota Department of Commerce, Real Estate Division

DRG

700 Washington Ave N, Minneapolis, MN 55401
Visit WebsiteWebsite
  • Leasing

Business Description

DRG is a real estate company that assists property owners, sellers, and buyers in Minneapolis. One of the services it offers is property management which covers single-family homes, townhomes, condominiums, and investment buildings. Its team of management professionals specializes in the urban market, and they handle a wide range of tasks on behalf of property owners, including rent collection and repair coordination. Executive management director Derek Hennen is a Minneapolis native with over two decades of residential and commercial property management experience.

License Verified:

License: 40065955

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Facebook
4.7 / 5 (56)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Home Rental Systems logo
Visit WebsiteWebsite

License Verified:

License: 40277028

Minnesota Department of Commerce, Real Estate Division

Home Rental Systems

201 Lake St E, Wayzata, MN 55391
Visit WebsiteWebsite
  • Marketing
  • Leasing
  • Tenant Screening
  • Property Inspection
  • Property Assessment

Business Description

Home Rental Systems is a property management and leasing company serving the Minneapolis metro. Its property management services include rental analysis, marketing, maintenance, and rent collection. With 30 years of experience, the company understands the ins and outs of rental management. It also offers management services and designs for mid to upper-end rental vacation properties. Home Rental Systems is a Realtor member with rental properties, such as single-family homes, condo units, and luxury residences. Clients praised the team for keeping their house clean after renovation.

License Verified:

License: 40277028

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Matcom Property Management Inc. Construction Management Inc. logo
Visit WebsiteWebsite

License Verified:

License: 20526363

Minnesota Department of Commerce, Real Estate Division

Matcom Property Management Inc. Construction Management Inc.

2200 Johnson ST NE, Minneapolis, MN 55418
Visit WebsiteWebsite
  • Property Maintenance

Business Description

Matcom Property Management Inc. caters to clients in Minneapolis and the surrounding areas. With over three decades of experience in the industry, the company provides residential leasing, commercial brokerage, accounting, year-end tax reporting, and rent collection services to help individuals manage their properties. It also assists clients in checking the credit reports of possible tenants. Additionally, it provides tenants with a 24-hour paging service for emergencies. Matcom Property Management Inc. is also available for commercial space leasing services.

License Verified:

License: 20526363

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
4.3 / 5 (24)
Yelp
2.5 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Minnestay logo
Visit WebsiteWebsite

License Verified:

License: 40536653

Minnesota Department of Commerce, Real Estate Division

Minnestay

3628 Nicollet Ave, Minneapolis, MN 55409
Visit WebsiteWebsite
  • Maintenance

Business Description

Minnestay offers vacation rental management services in Minnesota. Its rentals include luxury estates, lake cabins, city lofts, city condos, and RVs. Property owners and renters can avail themselves of the full-service offerings of the company, which include property management and rental booking. The company's management services include a homeowner portal, in-depth marketing, rate intelligence, and 3D virtual tours. Interested renters can access its user-friendly website for searching properties, booking, choosing amenities, and setting up concierge services. Pet-friendly rentals are also available.

License Verified:

License: 40536653

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.9 / 5 (204)
Yelp
2.5 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Place Property Management logo
Visit WebsiteWebsite

License Verified:

License: 40243364

Minnesota Department of Commerce, Real Estate Division

Place Property Management

3016 Bryant Ave S, Minneapolis, MN 55408
Visit WebsiteWebsite
  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening
  • Property Inspection

Business Description

Serving the Minneapolis metro, Place Property Management has over ten years of experience managing single-family, condo, and townhome properties. The company handles the collection and disbursement of rent, coordination of maintenance repairs and requests, and property advertisement on behalf of its clients. To ensure the safety of renters' properties, the company also offers high-quality tenant placement by screening potential tenants for income, credit score, criminal background, and rental history. Place Property Management is committed to always being available for any client questions or concerns.

License Verified:

License: 40243364

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.2 / 5 (45)
Facebook
3.4 / 5 (10)
Yelp
3.5 / 5 (8)
Real-Time Leasing, CRMC logo
Visit WebsiteWebsite

License Verified:

License: 20615880

Minnesota Department of Commerce, Real Estate Division

Real-Time Leasing, CRMC

1895 Plaza Dr #100, Eagan, MN 55122
Visit WebsiteWebsite
  • Property Maintenance

Business Description

Real-Time Leasing, CRMC, is an Eagan-based real estate company that caters to clients across Minneapolis. It assists property owners through various services, like tenant screening, bookkeeping, property maintenance, and lease management. The company places yard signs and uses national websites to market its clients' properties. It also maintains a dedicated online portal for property owners, where they can access monthly statements. Deb Newell, the company's CEO, has over 20 years of real estate experience. She serves as a director for the trade association Minnesota Realtors.

License Verified:

License: 20615880

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.2 / 5 (118)
Facebook
4.0 / 5 (31)
Yelp
2.0 / 5 (10)
Rental Management Guys logo
Visit WebsiteWebsite

License Verified:

License: 40409464

Minnesota Department of Commerce, Real Estate Division

Rental Management Guys

34 Thirteenth Ave NE Suite B002E, Minneapolis, MN 55413
Visit WebsiteWebsite
  • Maintenance
  • Collection
  • Leasing
  • Accounting Services
  • Tenant Screening
  • Property Inspection

Business Description

Established in 2014, Rental Management Guys handles more than 500 residential units in Minneapolis and the surrounding areas. It provides property management services that include tenant placement, lease preparation, rent collection, general maintenance, and evictions. Its team also coordinates turnover repairs, city inspections, and issuance of certificates of rent paid. Rental Management Guys is a company founded by five investors who have been engaged in residential and commercial real estate buying, selling, and management since 2005.

License Verified:

License: 40409464

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.8
Google
3.7 / 5 (52)
Facebook
4.3 / 5 (11)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Residential Property Management, Inc. logo
Visit WebsiteWebsite

License Verified:

License: 146479

Minnesota Department of Commerce, Real Estate Division

Residential Property Management, Inc.

1714 E Hennepin Ave, Minneapolis, MN 55414
Visit WebsiteWebsite
  • Property Inspection
  • Rent collection
  • Property Maintenance
  • Screen new tenants

Business Description

Residential Property Management, Inc., in Minneapolis serves local homeowners, investors, and tenants. The company has over 30 years of experience managing single-family homes and small rental properties. It offers property management services, ranging from advertising managed properties online to providing preventative maintenance. The company also helps property owners comply with local laws, like registering for a rental license. Company founder David Holt holds the Master Property Manager designation given by the National Association of Residential Property Managers.

License Verified:

License: 146479

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
4.2 / 5 (163)
Yelp
2.5 / 5 (14)
Facebook
2.1 / 5 (7)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Twin Cities Home Rental logo
Visit WebsiteWebsite

License Verified:

License: 40199587

Minnesota Department of Commerce, Real Estate Division

Twin Cities Home Rental

5200 34th Ave S, Minneapolis, MN 55417
Visit WebsiteWebsite
  • Tenant Screening
  • Property Inspection

Business Description

Twin Cities Home Rental is a rental property management company in Minneapolis. It specializes in the renting, selling, and property management of single-family and multi-unit properties. Its team has years of experience dealing with various real estate, including condominiums, townhomes, single-family homes, agricultural land, and luxury rentals. Its founder and CEO, Nick Hubers, is a war veteran and an active property owner. He is also well-versed in the many areas of landlord law.

License Verified:

License: 40199587

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.1 / 5 (129)
Facebook
3.7 / 5 (19)
Yelp
1.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Verde Real Estate Group logo
Visit WebsiteWebsite

License Verified:

License: 40284609

Minnesota Department of Commerce, Real Estate Division

Verde Real Estate Group

17736 Old Excelsior Blvd, Minnetonka, MN 55345
Visit WebsiteWebsite
  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Tenant Screening
  • Community Management

Business Description

Verde Real Estate Group provides full-service residential property management in Minneapolis. Its team offers management for single and multifamily homes, condos, and HOAs. It provides marketing on more than 100 websites, a proven leasing process, and comprehensive tenant screening. It also manages rent collection and real-time reporting, in addition to 24/7 maintenance services. It is responsive to tenant and owner questions and concerns. Its goal is to provide a low turnover rate to maximize owner investments.

License Verified:

License: 40284609

Minnesota Department of Commerce, Real Estate Division

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Facebook
4.0 / 5 (8)
Google
4.3 / 5 (6)
Yelp
5.0 / 5 (2)
Back to Providers

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.

How do I manage a vacation rental property?

Managing a vacation home or short-term rental requires a higher level of involvement when compared to other investment properties. Owners or managers must handle marketing, reservations, check-ins, and cleanings between stays. While a recent study by vacation rental marketplace HomeAway (now part of VRBO) reports that vacation rental income comprises about a quarter of the average rental owner’s income from investing just under 10 hours per week managing their rental, this type of hands-on involvement may not be possible for owners who live out of state or in another region. Professional property managers can assist with one or more tasks, such as cleanings and check-ins, or they can provide comprehensive management services to ensure that the property is generating revenue year-round.

Do property managers pay for repairs?

Yes and no. Property managers may pay for repairs, but the cost is generally deducted from future rent payments or a reserve fund. In most cases, landlords are responsible for maintenance costs and improvements that are needed to preserve or enhance the property’s value. Management firms do coordinate repairs, and some have their own maintenance crews. They can also provide contractor referrals and handle work orders for routine repairs, such as cleaning, painting, plumbing, and changing locks between tenants. Many firms allow tenants to submit maintenance requests online, and they should also provide monthly expense reports showing owners how their money is being spent.

Can a property manager evict a tenant?

Yes, property managers can help to orchestrate the eviction process, from preparing the initial notices to appearing in court and working with law enforcement to ensure that the tenant leaves the property. Situations that warrant eviction include non-payment of rent, lease violations, and illegal activity. Property managers can help to determine the best course of action when dealing with problem tenants.

Can a property manager sign a lease for an owner?

In most states, a property manager can sign a lease. Property owners can appoint a third party to act as a landlord by signing a contract with a management company or by giving power of attorney to a private individual. However, for the contract to be valid, the property manager must have the owner’s authorization.

Is property management worth the cost?

Property managers aren’t cheap, but they’re a worthwhile investment in many cases. Managing a rental property requires time, experience, diligence, and attention to detail. Professional property managers can assist new landlords and long-term investors who have a growing portfolio of rentals. They’re also valuable partners for individuals who work full time, live out of state, or want to enjoy the financial rewards of an investment property without added stress and anxiety.

How do I deal with a bad property management company?

Unresponsive property managers cause problems for property owners and tenants. Reputable management firms should work hard for their fees. No landlord wants to hear from their tenants that the management company isn’t doing its job or is ignoring their concerns. If the manager is skipping routine inspections, accepting bad tenants, or failing to provide monthly expense reports, it’s probably time to hire someone else. Owners should interview several candidates, compare rates, and check references to find a more qualified manager.

Read all FAQs