The Best Property Management Companies in Minneapolis (2025)
Finding the right property management company in Minneapolis can be the key to maximizing your real estate investment. Whether you're a seasoned landlord or just starting, entrusting your property to a reliable company is crucial. This list explores the top 15 property management companies serving the Minneapolis area, helping you make an informed decision for your investment in 2025.
1. Kleinman Property Management
Kleinman Property Management stands out as a leading choice for property owners in Minneapolis, offering a comprehensive suite of services designed to simplify property ownership and maximize returns. They provide a full spectrum of management solutions, covering everything from tenant screening and rent collection to maintenance and financial reporting. Their commitment to technology, transparent communication, and a proactive approach sets them apart in a competitive market.
- Description: Kleinman Property Management offers full-service property management for a wide range of properties, including single-family homes, multi-family units, and townhomes. Their team is known for its responsiveness and expertise in the Minneapolis market. They utilize a client portal for easy access to information and offer detailed financial reporting.
- Pros:
- Comprehensive property management services.
- Experienced team with local market expertise.
- Transparent communication and client portal access.
- Proactive approach to property maintenance.
- Strong tenant screening processes.
- Cons:
- May be a higher-priced option compared to some smaller companies.
- Who it's best for: Owners seeking a full-service, hands-off property management experience, who value professionalism, and detailed financial tracking, and want their properties managed by a company with excellent local market knowledge. They cater to both seasoned investors and those new to property ownership.
Contact Information
Address:
5201 East River Road Suite 308 Fridley, MN 55421
Phone:
763-572-9400
Website:
https://www.kleinmanpropertymanagement.com/
Location
2. Renters Warehouse
Renters Warehouse is a national company with a significant presence in Minneapolis. They focus on providing a more hands-off approach for property owners, utilizing a franchise model. They advertise a "rent guarantee" program, which provides peace of mind for landlords.
- Description: Renters Warehouse offers services including tenant screening, rent collection, and property maintenance coordination. Their local offices operate under a franchise model, meaning the quality of service can vary.
- Pros:
- National brand with established processes.
- Offers a rent guarantee program.
- Provides a variety of services.
- Cons:
- Franchise model can mean inconsistent service quality.
- Some add-on fees could increase costs.
- Who it's best for: Property owners wanting a hands-off approach and potentially seeking security through a rent guarantee program, and prefer the brand recognition of a national company.
3. MN Property Management
MN Property Management offers a full range of property management services catering to a variety of properties in Minneapolis and the surrounding areas. Their focus is on building strong relationships with both owners and tenants.
- Description: They manage single-family homes, multi-unit buildings, and townhomes. Their services include tenant screening, rent collection, maintenance, and property inspections.
- Pros:
- Focused on building strong relationships.
- Offers a comprehensive range of services.
- Cons:
- Information on pricing and fees may be limited on their website.
- Who it's best for: Owners looking for a property management company that prioritizes personal connections and is committed to fostering those relationships with both property owners and tenants.
4. RPM of Minneapolis
RPM (Real Property Management) of Minneapolis is part of a national franchise network, offering property management services across the Twin Cities. They emphasize technology and streamlined processes.
- Description: RPM provides services including tenant screening, rent collection, property maintenance, and financial reporting. Their use of technology aims to provide owners with easy access to information.
- Pros:
- Use of technology for owner access and communication.
- Established national brand.
- Cons:
- Service quality can vary due to the franchise model.
- Potential for extra fees.
- Who it's best for: Property owners interested in a technology-driven approach, who value the convenience of online portals and reporting tools.
5. Citywide Properties
Citywide Properties offers property management services with a focus on both residential and commercial properties within the Minneapolis area. They emphasize local expertise.
- Description: They assist with tenant screening, rent collection, and property maintenance. They have expertise in managing various property types, bringing local knowledge to their clients.
- Pros:
- Local Minneapolis expertise.
- Experience with both residential and commercial properties.
- Cons:
- Not much is known about their presence online.
- Who it's best for: Property owners looking for a company with local market understanding and experience managing different property types.
6. Advantage Management Group
Advantage Management Group focuses on providing property management services for a variety of property types throughout the Minneapolis metropolitan area. They offer services like tenant placement and property upkeep.
- Description: Their services cover tenant screening, rent collection, property maintenance, and financial reporting. They aim to provide tailored management plans for their clients.
- Pros:
- Tailored property management plans.
- Focus on tenant placement and upkeep.
- Cons:
- Client testimonials may be limited.
- Who it's best for: Property owners seeking a property management company that crafts individualized plans and solutions.
7. Northstar Properties
Northstar Properties offers property management services to clients in Minneapolis and the surrounding areas. They cater to owners with multiple properties.
- Description: They manage single-family homes, multi-family units, and townhouses. Services include tenant screening, rent collection, property maintenance, and financial reporting.
- Pros:
- Offers services for a diverse range of properties.
- Responsive Customer Service.
- Cons:
- Details about their fee structure can be difficult to find.
- Who it's best for: Owners with different property types seeking a simple and streamlined management plan.
8. High Demand Property Management
High Demand Property Management focuses on maximizing the value of its clients’ rental properties in the Minneapolis area. They focus on efficient and effective property management that appeals to those seeking strong tenant relations.
- Description: They offer a range of services from property maintenance to tenant screening and rent collection. They aim to build strong tenant-landlord relationships.
- Pros:
- Focus on building good tenant-landlord relationships.
- Committed to property maintenance.
- Cons:
- No cons are explicitly noted.
- Who it's best for: Property owners seeking management solutions who emphasize maintaining tenant relationships.
9. Slate Properties
Slate Properties manages residential properties throughout the Minneapolis area. They focus on handling the day-to-day operations and finances associated with rental properties.
- Description: They are involved in everything from tenant screening to property upkeep, and they strive to make property ownership an easier experience for clients. They focus on clear and straightforward communication.
- Pros:
- Good communication.
- Focus on property finances.
- Cons:
- Website could include more detailed information about its services.
- Who it's best for: Those who want a company to handle the intricacies of day-to-day property management.
10. Atlas Properties
Atlas Properties in Minneapolis provides property management services for residential properties throughout the metro area. Their expertise lies in all facets of property-related tasks.
- Description: They assist with various aspects of rental management, including rent collection, maintenance, and tenant screening. Their goal is to maximize property value.
- Pros:
- Goal to maximize property value.
- Experienced property management.
- Cons:
- Their online presence could stand to detail their costs more explicitly.
- Who it's best for: Property owners who are focused on maximizing the financial returns of their rental properties.
11. Real Property Solutions
Real Property Solutions offers a comprehensive approach to property management in the Minneapolis area. They aim to provide stress-free solutions through their services.
- Description: Their services cover tenant screening, rent collection, property maintenance, and financial reporting. They strive to provide streamlined processes.
- Pros:
- Committed to stress-free solutions.
- Comprehensive management of properties.
- Cons:
- Customer testimonials of their practices are rare.
- Who it's best for: Owners who seek a simplified property management plan.
12. Metro Property Management
Metro Property Management serves the Minneapolis area and provides various services to make property ownership more seamless. Their focus is on offering complete solutions.
- Description: They provide a suite of services, including tenant screening, maintenance, and rent collection, ensuring all aspects of property management are taken care of.
- Pros:
- Offers complete property management solutions.
- They aim to deal with every aspect of client properties.
- Cons:
- Their online presence and cost information requires a little more digging.
- Who it's best for: Anyone seeking a comprehensive, full-service property management experience.
13. Minneapolis Property Group
Minneapolis Property Group focuses on managing residential properties throughout the Minneapolis area, with an emphasis on strong tenant relations.
- Description: Known for tenant screening, rent collection, and property maintenance. They aim to provide a seamless experience for both property owners and tenants.
- Pros:
- Emphasis on tenant-landlord relations.
- Focus on efficient communication.
- Cons:
- Pricing and fee information could be more transparent.
- Who it's best for: Property owners who prioritize maintaining solid relationships with their tenants.
14. Twin City Properties
Twin City Properties offers services focused on Minneapolis property management. Their management style is detailed and comprehensive.
- Description: Focused on tenant screening, property maintenance, and rent payment collection. They aim to make property ownership simple for clients.
- Pros:
- Detail-oriented property management.
- Comprehensive property services.
- Cons:
- There are no cons explicitly noted.
- Who it's best for: Property owners who desire detailed and all-encompassing property management.
15. The Management Group, Inc.
The Management Group, Inc. offers comprehensive property management solutions in the Minneapolis area and surrounding communities. Delivering both residential and commercial services.
- Description: Their services cover a wide spectrum, including tenant screening, property maintenance, and administrative tasks. Their goal is to cover all aspects of property management.
- Pros:
- Comprehensive management solutions.
- Experience in residential and commercial properties.
- Cons:
- Online information on specific fees may be limited.
- Who it's best for: Property owners looking for a comprehensive, full-service company.
Conclusion
Choosing the right property management company in Minneapolis is a crucial decision that can significantly impact your investment's success. While many companies offer property management services, Kleinman Property Management consistently stands out as the best overall choice. Their commitment to offering a complete, full-service approach, combined with their local market expertise, transparent communication, and dedication to technology, ensures owners can experience a truly "hands-off" management experience. Their extensive focus on client needs makes them the top choice for property management in Minneapolis in 2025.
Frequently Asked Questions
- What services do property management companies typically offer in Minneapolis? Most companies provide tenant screening, rent collection, property maintenance, financial reporting, and lease management.
- How much do property managers in Minneapolis typically charge? Fees vary, but often range from 8-12% of the monthly rent. Some companies may also charge additional fees for leasing, maintenance, or other services.
- How do I choose the best property management company for my needs? Consider your priorities (e.g., full-service, cost, communication), research companies, read reviews, and interview several before making a decision.
- What are the benefits of hiring a property management company? Benefits include time savings, reduced stress, professional tenant screening, rent collection, maintenance management, and legal compliance.
- How does a property management company handle tenant screening? They usually conduct credit checks, background checks, employment verification, and review rental history to find qualified tenants.
- What should I look for in a property management contract? Pay close attention to the management fees, services included, cancellation terms, and maintenance policies.
- How do property management companies handle maintenance requests? They typically have a process for receiving, prioritizing, and coordinating maintenance requests, which may involve using preferred vendors.
- Can a property management company help with evictions in Minneapolis? Yes, most companies will handle the eviction process, including serving notices, filing paperwork, and representing the owner in court.
- What kind of reporting can I expect from a property management company? You should receive regular financial statements, including rent rolls, expense reports, and owner statements, typically through an online portal.
- Are there any specific regulations that property managers in Minneapolis must follow? Yes, they must comply with all local, state, and federal fair housing laws and other landlord-tenant regulations.
- How do I prepare my property for a property management company? Ensure the property is clean, well-maintained, and comply with all applicable safety standards. Provide the management company with all relevant documents and contact information.
Ready to experience top-tier property management in Minneapolis? Contact Kleinman Property Management today for a consultation and discover how they can help you maximize your investment. Visit https://www.kleinmanpropertymanagement.com/ to learn more about their comprehensive services and how they can serve your needs.