Local Property Management Companies

Twin Cities Home Rental

Twin Cities Home Rental is the Premier Rental Property Management Company in the Minneapolis/St. Paul Metro area. We have an experienced dedicated staff to manage every aspect of renting out your home from move in to move out. A member of our staff is available 7 days a week 365

2751 Hennepin Avenue Suite 46 Minneapolis, MN 55408

(651) 808-8247

Free Info

CPM Property Group

At CPM Property Group, we want to build your wealth, save you time, and provide you with freedom from the hassles of day-to-day management of your residential property. Rely on our courteous, professional team to ensure that all of your property management needs are consistently met.

3165 Wild Horse Pass Prior Lake, MN 55372

(952) 447-2080

Free Info

Garnet Real Estate Services

Garnet Real Estate Services is a full service property management company serving the Minneapolis/St. Paul and surrounding areas as well as Western Wisconsin. Garnet’s team of experts offer solutions for today’s challenging real estate market with over 16 years experience. Garnet Real

305 Greeley Street S Suite 200 Stillwater, MN 55082

(651) 491-8005

Free Info

Service Award

Shiprock Management

ShipRock Management Inc. excels in property management in Duluth, MN. Providing excellent communication, reliable maintenance, timely reports and good tenant screening. Likewise, ShipRock Management Inc. offers their tenants 24-hour emergency service, clean rental unitsand proactive responses to all situations.

128 West 1st Street Duluth, MN 55802

(218) 740-3800

Free Info

Service Award

RE/MAX Consultants

RE/MAX Consultants is a leader in managing residential rental property and finding qualified tenants to fill vacancies. We provide these services for owners of single family homes, townhomes, condos, duplexes, multi-family properties; in addition we manage Home Owners Associations and Condo Associations.

120 Railway Street W. P.O. Box 312 Loretto, MN 55357

(763) 447-3141

Free Info

Advantage Property Management

Advantage Property Management has been in business for over 13 years in the Twin Cities Metro and surrounding areas. We specialize in residential and commercial property management.

8200 Humboldt Avenue #217 Bloomington, MN 55431

(612) 799-9939

Free Info

Real Property Management

Protect Your Investment & Maximize Your Return Both those who have used a property manager before and those who have not quickly learn the value of hiring a Real Property Management office. Here’s why: Preserve Your Property Taking care of your property is more than just paying a property manager to watch over it. The…

Nationwide

Free Info

Minneapolis, MN: The Twin Cities

Minneapolis has 429,954 residents, making it the most populous city in Minnesota. It acts as the county seat of Hennepin County. Together with the state capital, St. Paul, Minneapolis is known as the “Twin Cities.” Another nickname, the “City of Lakes,” can be attributed to Minneapolis’s abundance of water. In fact, there are 13 lakes in the city alone.

Aside from great outdoor attractions, Minneapolis is also home to a thriving arts and culture scene. Notable points of interest include the Guthrie Theater, the Walker Art Center, the Minneapolis Institute of Art, the Weisman Art Museum, the Cowles Center for Dance and the Performing Arts, and the Dakota Jazz Club. The city also hosts several annual events such as the City of Lakes Loppet, the Minnesota Fringe Festival, and the Minneapolis Aquatennial.

How Is Minneapolis’s Rental Market?

Minneapolis has a flourishing rental market. The median listing price for a home in the City of Lakes is $325,000, with some going for as high as $4.5 million. It is perhaps due to more expensive real estate that residents tend to rent their homes in Minneapolis. In fact, renters make up 52.8% of the city’s population. With a large pool of potential tenants, Minneapolis is certainly attractive to rental property owners.

In addition, rent is also pretty high in this city. In 2019, the median rent was $1,144, beating the national median of $1,097 in the same year. Rent in Minneapolis has been on the rise since 2011, which makes it appealing to landlords and investors.

Plus, the vacancy rate in Minneapolis is on the lower end of the spectrum. The national vacancy rate in 2019 was 5.97$, whereas Minneapolis had a 3.84% vacancy rate during the same period. This was down from the previous year’s 4.06%. Beyond that, Minnesota’s laws on rentals make it a favorable environment for landlords. Here, there are no rent control policies and evictions are easier to process.

How a Minneapolis Property Management Company Can Help

For rental property investors, Minneapolis is absolutely the place to be. Being a landlord, though, requires more than just capital. You need to devote a lot of time and energy to operate your property, in addition to learning the usually confusing ropes that come with the job. This is where a Minneapolis rental management company can help.

A rental management company can assume all of the landlord’s duties and perform them in an efficient manner. A professional manager can make property management in Minneapolis much smoother by performing the following tasks and more:

Advertise your listing

Screen and process tenants

Oversee property showings

Set and collect rent

Create a lease agreement

Perform move-in, move-out, and routine inspections

Enforce your lease terms

Manage maintenance and repairs

Respond to tenant complaints

Manage your budget

Help with tax calculations

File evictions

Looking for Property Management in Minneapolis?

It is not easy to find a property management company in Minneapolis that matches your individual needs and budget. You also need to perform a thorough vetting process to ensure you choose the best one. With Rental Choice’s online directory, though, you can simply browse through the available companies in your area. Rest assured that our listings consist of only reliable management companies.