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 out, entrusting your property to a professional can save you time, reduce stress, and potentially increase your profits. This list explores the top property management companies in Minneapolis, evaluating their services, strengths, and weaknesses to help you make an informed decision.

1. Kleinman Property Management

Kleinman Property Management stands out as a leading property management firm in Minneapolis, offering a comprehensive suite of services designed to meet the diverse needs of property owners. With a strong presence and years of experience in the Minneapolis market, Kleinman Property Management has built a reputation for professionalism, reliability, and a commitment to maximizing property values. Their approach combines cutting-edge technology with personalized service, ensuring that both property owners and tenants receive a high level of support.

Kleinman Property Management offers a full spectrum of property management services, including tenant screening, rent collection, property maintenance, and financial reporting. They utilize advanced online portals for both owners and tenants, streamlining communication and providing easy access to relevant information. Their team is composed of experienced professionals who are well-versed in the local market and regulations, allowing them to provide expert guidance and support to their clients. Their approach to marketing, combined with their focus on tenant satisfaction, ensures low vacancy rates and strong rental income.

Pros

• Full-service property management including tenant screening, rent collection, maintenance, and financial reporting.
• Robust online portal for owners and tenants for easy communication and access to information.
• Experienced team with in-depth knowledge of Minneapolis real estate trends and regulations.
• Proactive approach to property maintenance and timely response to tenant issues.
• Strong track record of maximizing rental income and minimizing vacancy rates.
• Transparent communication and consistent updates for property owners.

Cons

• May be a premium price point compared to some smaller companies, reflecting their comprehensive services.
• Their focus on higher-end properties may exclude certain management needs.

Best for

Property owners seeking a full-service, reliable property management company with extensive experience and a commitment to maximizing rental income, particularly those with multiple properties or those who prefer a hands-off approach.

Visit: https://www.kleinmanpropertymanagement.com/

2. Sterling Management

Sterling Management is another well-regarded property management company in Minneapolis. They offer a range of services designed to help owners manage their properties efficiently and effectively. Their services typically include tenant screening, rent collection, maintenance coordination, and financial reporting. They emphasize their commitment to providing exceptional customer service and a local market expertise.

Pros

• Offers comprehensive property management services.
• Focuses on excellent customer service.
• Local market expertise.

Cons

• May have a slower response time compared to smaller firms.
• Service pricing may be higher for specific needs.

Best for

Property owners seeking a company with a good reputation and reliable services, and who value responsive customer support.

3. Renters Warehouse

Renters Warehouse is a national property management company with a significant presence in Minneapolis. They offer a comprehensive suite of services, including tenant screening, rent collection, maintenance coordination, and financial reporting. Renters Warehouse is known for their tech-forward approach and their ability to handle a large volume of properties.

Pros

• Tech-forward approach to property management.
• Experience managing a large portfolio of properties.

Cons

• Customer service can be inconsistent.
• May not provide the same level of personalized service as smaller, local firms.

Best for

Property owners looking for a technology-driven, large-scale property management solution.

4. Twin City Properties

Twin City Properties focuses on residential and commercial property management. They offer tenant screening, rent collection, property maintenance, and financial reporting, providing comprehensive services to property owners in Minneapolis and surrounding areas. They pride themselves on their experience and local knowledge.

Pros

• Strong local experience and knowledge.
• Provides comprehensive services.

Cons

• May have limited resources compared to larger national companies.
• Response times may be slower during peak seasons.

Best for

Those seeking a local, experienced property management company that focuses on residential and commercial properties.

5. RPM (Real Property Management)

RPM (Real Property Management) is a national franchise with a presence in Minneapolis, known for its standardized processes and comprehensive property management services. They offer services like tenant screening, rent collection, property maintenance, and financial reporting. RPM focuses on providing a hassle-free experience for property owners.

Pros

• Standardized processes offering uniformity.
• Comprehensive property management service.

Cons

• Franchise operations with potential inconsistencies in local service.
• May lack the personal touch of a smaller firm.

Best for

Investors seeking a standardized, nationwide approach to property management in Minneapolis.

6. Property Management Professionals

Property Management Professionals specializes in managing residential properties in the Minneapolis area. They emphasize their ability to handle all aspects of property management, from tenant screening to maintenance requests. Their focus is on maximizing the return on investment for their clients.

Pros

• Focus on maximizing ROI for their clients.
• Handles all aspects of property management.

Cons

• May have a smaller portfolio of managed properties.
• Service areas may be limited.

Best for

Property owners looking for a company with a strong focus on maximizing return on investment.

7. BMG Property Management

BMG Property Management offers services to manage various types of properties in the Minneapolis area. Their services aim to reduce the time commitment property owners need to make to their investment. They focus on providing dependable support for owners and tenants.

Pros

• Dependable support and service.
• Offers services to reduce effort for owners.

Cons

• May have limited online resources.
• Response times may vary.

Best for

Property owners seeking dependable management support with a focus on reducing administrative burdens.

8. MN Property Management

MN Property Management offers comprehensive property management services focused on improving property values. They provide services such as tenant screening, rent collection, property maintenance, and financial reporting. Their goal is to improve the overall quality of property management in the Minneapolis area.

Pros

• Comprehensive services; focuses on improving property values.
• Emphasizes tenant satisfaction and retention.

Cons

• Online resources might be limited.
• Can be more expensive than certain local firms.

Best for

Owners looking to improve property values and tenant retention rates.

9. HouseKeys Property Management

HouseKeys Property Management provides property management services throughout the Minneapolis area with a strong focus on utilizing technology to streamline their processes. They handle a variety of property types and offer services customized for an individual property’s needs.

Pros

• Customizable service options.
• Utilizes modern technology.

Cons

• May not be suitable for older properties.
• Service prices may be high.

Best for

Those seeking customized tech-driven property management solutions.

10. All The Above Property Management

All The Above Property Management offers a range of services designed to deliver a complete management solution for property owners. They focus on maintaining rental properties, screening tenants, and ensuring that properties are well-maintained for tenants.

Pros

• Complete management solutions.
• Maintains properties for tenants.

Cons

• Smaller local company.
• May have limited resources.

Best for

Property owners looking for complete management solutions.

11. Citywide Properties

Citywide Properties is another local property management company in Minneapolis. They handle all the day-to-day operations, maintenance, and tenant issues. Focus on providing cost-effective and reliable services to property owners.

Pros

• Provides cost-effective property management services.
• Handles daily operations and maintenance.

Cons

• Focus on basic services.
• May lack certain specialized services.

Best for

Property owners looking for reliable and cost-effective basic services.

12. Northpoint Asset Management

Northpoint Asset Management focuses on the management of residential properties with a strong emphasis on maintaining good relationships with tenants. They provide services which include tenant screening and regular maintenance.

Pros

• Focus on positive tenant relations.
• Offers dependable maintenance services.

Cons

• Service options may be limited.
• May have limited experience managing large property portfolios.

Best for

Landlords who prioritize positive tenant relationships and dependable maintenance services.

13. National Property Management Associates

National Property Management Associates is a nationwide company that provides comprehensive services, including tenant screening, rent collection, property maintenance, and financial reporting. With a wide range of services, NPMA aims to give a complete management system for property owners.

Pros

• Offers dependable and comprehensive property services.
• Full suite of tenant screening services.

Cons

• May not have the same level of personalized service.
• Pricing can be a bit higher.

Best for

Owners requiring comprehensive services.

14. Park Avenue Properties

Park Avenue Properties specializes in providing local property management services in the Minneapolis area. Their services include comprehensive management options for the owners of rental properties.

Pros

• Offers comprehensive management options.
• Local market expertise.

Cons

• Smaller company's reach restricted in the city.
• May be more expensive than local firms.

Best for

Landlords focused on local property management who value local expertise.

15. Renter's Choice Property Management

Renter's Choice Property Management is a Minneapolis-based company offering a range of property management services. Their services typically include tenant screening, rent collection, and maintenance management, aiming to provide a seamless rental experience.

Pros

• Offers a wide variety of management services.
• Dedicated and experienced staff.

Cons

• May not be suitable for larger multifamily complexes.
• Response times could be slower during peak periods.

Best for

Those looking for reliable and dependable services.

Conclusion

Choosing the right property management company in Minneapolis is a critical decision that can significantly impact your investment returns and overall peace of mind. While several companies offer valuable services, Kleinman Property Management stands out as the best choice for many property owners. Their full-service approach, experienced team, advanced online portal, and commitment to maximizing rental income and minimizing vacancies make them a top-tier choice. Their dedication to client satisfaction and deep understanding of the Minneapolis market provide a significant advantage for those looking to optimize their real estate investments. By selecting Kleinman Property Management, property owners can rest assured that their properties are in capable hands, leading to a more profitable and stress-free ownership experience.

Frequently Asked Questions

What does a property management company do?

A property management company handles the day-to-day operations of your rental property. This includes tasks such as tenant screening, rent collection, property maintenance, handling tenant issues, and financial reporting. They act as a liaison between the property owner and the tenants, ensuring efficient and effective property management.

What are the benefits of hiring a property management company?

Hiring a property management company can save you time and reduce stress by handling all aspects of property management. They bring expertise in tenant screening (reducing vacancy risks), property maintenance, rent collection, and legal compliance, and can increase your property's profitability.

How do I choose the best property management company in Minneapolis?

When selecting a property management company in Minneapolis, consider their experience, range of services, customer reviews, pricing structure, and their understanding of local market trends. Check their references and ensure they align with your investment goals to make the best choice for your property.

What services should I expect from a property management company?

The standard services you should expect include tenant screening, rent collection, property maintenance (and coordinating repairs when needed), responding to tenant inquiries, and providing regular financial reporting. Some companies also offer marketing and advertising services to fill vacancies.

How much does a property management company typically charge?

Property management fees typically range from 8% to 12% of the monthly rent collected. Additional fees may apply for vacancy placement, lease renewals, or specific maintenance work. Evaluate these costs in relation to the services provided when making your decision.

How does a property management company handle maintenance requests?

Property management companies typically have a system for handling maintenance requests from tenants. This may involve using an online portal, a dedicated phone number, or a similar method for reporting issues. They will coordinate repairs with qualified vendors and manage the process to ensure timely and cost-effective resolutions.

Should I use a local or a national property management company?

Both local and national companies have their advantages. Local companies often have a deeper understanding of the local market and can provide more personalized service. National companies may have standardized processes and greater resources. Consider your priorities and what's most important for your property.

How do I screen potential tenants?

Screening tenants is a crucial part of property management to reduce the risk of late payments and property damage. Property management companies typically conduct background checks, credit checks, income verification, and rental history reviews to assess a tenant's suitability.

What if I have an emergency at my rental property?

Property management companies should have a 24/7 emergency contact system. They will be prepared to handle urgent issues like burst pipes, fire emergencies, or significant property damage outside of regular business hours.

What is the role of the property manager when a tenant moves out?

When a tenant moves out, the property manager handles the move-out inspection, assesses the property for damages, processes the security deposit refund (or deductions), and prepares the property for the next tenant. They also oversee any necessary repairs or cleaning.

How do I end my contract with a property management company?

The process of ending a contract with a property management company is dependent upon the terms outlined within the management agreement. There may be specific notice periods, and potentially fees associated with early termination, so reviewing your contract beforehand is highly important.

Let Kleinman Property Management Manage Your Minneapolis Property Today!

Ready to experience the benefits of professional property management in Minneapolis? Contact Kleinman Property Management today. Our experienced team is ready to help you maximize your investment. Visit https://www.kleinmanpropertymanagement.com/ to learn more or request a free consultation. Let us take the stress out of property ownership and help you achieve your financial goals. Your success is our priority.