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Best Property Management Companies in Sioux Falls

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Alpine Property Management, LLC logo
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Alpine Property Management, LLC

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

Business Description

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.

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
KEEZ Property Management logo
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KEEZ Property Management

5000 South Minnesota Avenue, Sioux Falls, SD 57108
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  • Property Inspection
  • Property Assessment

Business Description

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.

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.
4.5
Google
4.5 / 5 (8)
Lloyd Companies logo
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Lloyd Companies

101 South Reid Street, Sioux Falls, SD 57103
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  • Maintenance
  • Marketing
  • Collection

Business Description

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.

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
4.1 / 5 (175)
Yelp
3.0 / 5 (2)

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
––
Luke Properties logo
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Luke Properties

927 East 8th Street, Sioux Falls, SD 57103
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  • Leasing

Business Description

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.

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 (29)
Facebook
4.3 / 5 (12)
Yelp
2.5 / 5 (3)
Real Property Management Express logo
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Real Property Management Express

4700 E 61st Street, Sioux Falls, SD 57108
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  • Maintenance
  • Tenant Screening

Business Description

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.

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.
4.3
Google
4.3 / 5 (364)
Facebook
4.3 / 5 (110)
Yelp
2.5 / 5 (9)

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
––
Reside Property Management logo
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Reside Property Management

3130 West 57th Street, Sioux Falls, SD 57108
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  • Maintenance
  • Accounting Services

Business Description

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.

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
Google
4.2 / 5 (77)

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
––
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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.

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