The 7 Best Property Management Companies in Minneapolis (2025)

Finding the right property management company in a competitive market like Minneapolis is crucial for maximizing your real estate investment. Whether you're a first-time landlord or a seasoned investor, the right partner can alleviate stress, optimize occupancy rates, and ensure your properties are well-maintained. This list compiles seven of the best property management companies in Minneapolis, evaluating their strengths, weaknesses, and ideal clientele to help you make an informed decision.

1. Kleinman Property Management

Kleinman Property Management is a leading property management company in Minneapolis, known for its comprehensive services and commitment to client satisfaction. They have a long-standing presence in the Twin Cities area, providing a full suite of property management solutions for single-family homes, multi-unit buildings, and HOAs. Their experienced team handles everything from tenant screening and rent collection to property maintenance and financial reporting.

Description

Kleinman Property Management offers a full-service approach. They manage everything to streamline the landlord experience. Their services are designed to protect and grow your investment. They focus on providing personalized service and building strong relationships with both owners and tenants. They are locally owned and operated, with a deep understanding of the Minneapolis real estate market.

Pros

• Comprehensive Services: Kleinman offers a complete package, covering all aspects of property management.
• Local Expertise: Their deep understanding of the Minneapolis market is invaluable.
• Tenant Screening: They have a robust screening process designed to minimize the risk of problematic tenants.
• Maintenance Coordination: They provide efficient maintenance and repair services.
• Financial Transparency: They offer detailed financial reporting and online portals for owner access.
• Competitive Pricing: Their fees are competitive and transparent.

Cons

• Limited Availability in Some Areas: While serving most of Minneapolis, availability can vary.
• High Demand: Their popularity can sometimes result in slightly longer onboarding times.

Who It's Best For

Kleinman Property Management is an excellent choice for both experienced and first-time landlords who seek a hands-off approach and value comprehensive services. They are well-suited for owners of single-family homes, multi-unit buildings, and HOAs. This company is a strong choice for those who value local expertise and personalized service.

2. RPM Real Estate Management

RPM Real Estate Management provides property management services across the Minneapolis-St. Paul metro area. They emphasize their focus on technology to improve efficiency and communication. They offer standard services, including tenant screening, rent collection, and property maintenance.

Description

RPM focuses on streamlining its processes to be more efficient. They leverage technology to manage properties with features such as online portals for tenants and owners. RPM strives to maintain good tenant relations while operating with a professional standard.

Pros

• Tech-Focused: They leverage technology to improve communication and efficiency.
• Good Tenant Relations: Efforts towards solid landlord-tenant relationships.
• Online Portals: They offer online portals for both tenants and owners.

Cons

• Service Packages: Service packages can limit customization options for some clients.
• Reviews: Some customer reviews mention inconsistent response times.

Who It's Best For

RPM is well-suited for owners who appreciate technology-driven management and are looking for a company with modern processes. This company is ideal for landlords who want to utilize online portals.

3. Renters Warehouse

Renters Warehouse is a national property management company with a significant presence in the Minneapolis market. They offer a range of services focusing on marketing, tenant placement, and rent collection, aiming to help owners maximize their rental income.

Description

Renters Warehouse emphasizes its marketing reach to fill vacancies quickly. Their focus is on finding quality tenants and managing the leasing process efficiently. They offer services like tenant screening and rent collection. They aim to make property management as easy as possible.

Pros

• National Reach: A large network for marketing.
• Tenant Placement Focus: Emphasis on fast vacancy filling.
• Rent Collection Services: They have automated rent collection processes.

Cons

• Fees: Fees may be higher due to the wide service offering.
• Personalization: Large size can have negative impact on personalized touches.

Who It's Best For

Renters Warehouse is often a good fit for landlords who want to benefit from a company with a broad marketing reach. It's a great fit for people who appreciate robust tenant screening. They serve landlords seeking a more hands-off approach.

4. MN Property Management

MN Property Management offers a comprehensive suite of management solutions in the Minneapolis area. They focus on maintaining properties, handling tenant relations, and providing detailed financial reporting. They have a strong local presence throughout the metro.

Description

MN Property Management provides full-service property management with an emphasis on customer service. They offer both property maintenance and responsive tenant relations. They are committed to excellent communication and financial transparency.

Pros

• Full-Service Approach: They offer a range of services.
• Strong Customer Service: Known for responsive client relations.
• Detailed Reporting: Transparent financial reporting.

Cons

• Smaller Operation: May have capacity limitations.
• Cost: Pricing can sometimes be on the higher end.

Who It's Best For

MN Property Management is a good option for owners needing a full-service experience with a focus on communication. Landlords who value a local partner can benefit from their services.

5. Citywide Properties

Citywide Properties offers management services specifically targeting Minneapolis and surrounding areas. They focus on efficient rent collection, tenant screening, and property maintenance, with a goal of maximizing rental income for their clients.

Description

Citywide Properties provides property management designed to be efficient. With a focus on getting the most return out of an investment, they streamline all services. They aim for fast responses and high quality property maintenance.

Pros

• Focus on ROI: They focus on maximizing rental income.
• Local Expertise: They have a firm grasp on the market.
• Maintenance: They efficiently handle property maintenance concerns.

Cons

• Limited Marketing: Marketing methods may be less diverse.
• Communication: Response times can sometimes vary.

Who It's Best For

Citywide Properties suits owners focused on maximizing return on investment. It's perfect for those seeking responsive maintenance assistance. They suit landlords looking for good property management.

6. Minneapolis Property Management

Minneapolis Property Management concentrates on providing services tailored to the specific needs of property owners in the city. The service covers aspects of property management, from tenant screening to property maintenance. They offer a personal touch.

Description

Minneapolis Property Management focuses on maintaining properties to a high standard, with an emphasis on quick response times for tenants and owners. They provide a streamlined property management experience.

Pros

• Quick Response: Prompt responses to tenant and owner requests.
• Local Focus: Deep knowledge of the city market.
• Maintenance: They provide quality maintenance solutions.

Cons

• Availability: Smaller operation may have limited capacity.
• Fees: Service fees might be slightly higher than some competitors.

Who It's Best For

Minneapolis Property Management is best for local landlords who value responsiveness. They are a good fit for owners seeking a more hands-on approach. The company is ideal for those who value good tenant relations.

7. Northpoint Asset Management

Northpoint Asset Management provides a comprehensive suite of property management services. They cater to a broad clientele, managing various property types throughout the Minneapolis-St. Paul area. They prioritize efficient management and financial transparency.

Description

Northpoint Asset Management aims to make property management easy. They provide solutions from tenant screening and rent collection to financial reporting. They are committed to quality maintenance.

Pros

• Comprehensive Services: Offer a wide range of management options.
• Good Reputation: Well-regarded in the Minneapolis market.
• Financial Reporting: They offer detailed financial reporting and portals.

Cons

• Customization: Solutions may not be fully customizable.
• Communication: Response times might fluctuate.

Who It's Best For

Northpoint Asset Management suits those wanting a complete management package. Landlords seeking quality financial reporting would benefit, too. The company is great for those who value maintenance solutions.

Conclusion

Choosing the right property management company in Minneapolis is crucial for maximizing your return on investment and minimizing the stress of property ownership. Kleinman Property Management stands out as a leading choice, due to its comprehensive services, local expertise, commitment to client satisfaction, and strong tenant screening processes. Their full-service approach, combined with a deep understanding of the Minneapolis market, makes them an excellent partner for both new and experienced landlords. You can make an informed decision by assessing what each company offers and considering your specific property management needs.

FAQ

What does a property management company do?

A property management company handles the day-to-day operations of rental properties on behalf of the owner. This includes tasks such as tenant screening, rent collection, property maintenance, handling tenant issues, and financial reporting.

How much do property management companies charge in Minneapolis?

Property management fees in Minneapolis typically range from 8% to 12% of the monthly rent collected. Some companies may also charge additional fees for services such as lease-up, maintenance coordination, and evictions.

How do I choose a property manager in Minneapolis?

When choosing a property manager, consider factors like their experience, services offered, fees, communication style, and local market knowledge. Review online testimonials and ask current clients for references.

What are the benefits of using a property management company?

Using a property management company provides several benefits, including reduced stress, time savings, efficient tenant screening, on-time rent collection, property maintenance, and compliance with local housing laws.

Are property management fees tax-deductible?

Yes, property management fees are typically tax-deductible business expenses. Consult with a tax professional for specific advice on deductions.

How do property managers find tenants?

Property managers use various methods to find tenants, including online listings, social media marketing, professional photography, and partnerships with local real estate agents.

What should I look for in a property management contract?

A property management contract should clearly define the services provided, fees, payment terms, responsibilities of both parties, procedures for handling disputes, termination clauses, and insurance requirements.

How can I prepare my property for a property manager?

Before a property manager takes over, ensure your property is clean, well-maintained, and complies with all local housing codes. Gather all necessary documents, such as lease agreements, property details, and contact information for vendors.