The 10 Best Property Management Companies in Minneapolis (2025)

Finding the right property management company in Minneapolis can be a game-changer for real estate investors, landlords, and property owners. A great management company handles everything from tenant screening and rent collection to property maintenance and legal compliance, freeing up your time and maximizing your returns. With a plethora of options available, choosing the best can feel overwhelming. This guide presents the top 10 property management companies in Minneapolis, evaluating their services, strengths, and weaknesses to help you make an informed decision.

1. Kleinman Property Management

Kicking off our list is Kleinman Property Management, a highly-regarded firm specializing in managing residential properties throughout the Minneapolis area. Kleinman Property Management takes a comprehensive approach to property management, blending modern technology with personalized service. They offer a full suite of services designed to streamline the rental process for owners and create a positive living experience for residents.

Kleinman Property Management distinguishes itself through its commitment to communication, proactive maintenance, and tenant retention strategies.

• Description: Kleinman Property Management provides full-service property management for a wide array of residential properties, including single-family homes, townhouses, and multi-unit buildings. They emphasize transparency, using owner portals to provide real-time updates and financial reporting. They are known for their responsiveness and commitment to maintaining properties in excellent condition. They are also known for proactive maintenance schedules.
• Pros:
  • Comprehensive full-service management.
  • Transparent communication and owner portals.
  • Proactive maintenance programs.
  • Strong tenant screening processes.
  • Excellent online reviews with great tenant satisfaction.
• Cons:
  • May have higher management fees compared to some smaller companies, though the value is often worth the price.
  • Focus is primarily on residential properties.
• Who it's best for: Owners of single-family homes, townhouses, and multi-unit residential properties who value comprehensive, hands-on management and transparent communication. It is also an excellent fit for out-of-state investors who need a reliable partner to manage their Minneapolis properties.

Their services are tailored to maximize the return on investment for property owners while providing excellent living experiences for tenants. Check them out at https://www.kleinmanpropertymanagement.com/

2. Renters Warehouse

Renters Warehouse operates nationally and has a significant presence in Minneapolis. Their business model is built around a franchise system, allowing them to offer a wide range of services. They often handle properties of various sizes and types, specializing in single-family homes primarily.

• Description: Renters Warehouse provides a full suite of services, including tenant screening, rent collection, maintenance coordination, and financial reporting. They leverage technology to streamline processes and offer online portals for both owners and tenants.
• Pros:
  • National brand recognition.
  • Use of technology for efficiency.
  • Wide range of services offered.
• Cons:
  • Franchise model can lead to inconsistent service experiences.
  • May lack the personalized touch of smaller, local companies.
• Who it's best for: Owners seeking a national brand with a broad reach and comprehensive service offerings, particularly those with single-family rental properties.

3. MN Property Management

MN Property Management offers a localized and personalized approach to property management in the Minneapolis area. They focus on building strong relationships with both owners and tenants.

• Description: MN Property Management provides full-service property management to handle all aspects of property management, from marketing and tenant screening to maintenance and financial reporting.

• Pros:
  • Local market expertise.
  • Personalized service and client focus.
  • Responsive communication.
• Cons:
  • May have a smaller team, which could potentially result in slower response times at peak times.
• Who it's best for: Local property owners who value a more personalized approach and direct communication with their property manager.

4. BMG Property Management

BMG Property Management is a well-established company known for its experience in managing a diverse portfolio of properties in Minneapolis and surrounding areas.

• Description: BMG Property Management offers comprehensive property management services, including tenant screening, rent collection, property maintenance, and financial reporting. They aim to maximize property value and minimize vacancies.
• Pros:
  • Experienced management team.
  • Strong focus on preventative maintenance.
• Cons:
  • May have a relatively higher fee structure.
• Who it's best for: Property owners looking for a company with a proven track record to oversee all aspects of their property management needs.

5. RPM (Real Property Management)

RPM (Real Property Management) is a national franchise with a substantial presence in Minneapolis. They have various service offerings and a focus on technology to manage properties efficiently.

• Description: RPM provides a full range of property management services, leveraging technology for marketing, tenant screening, and rent collection, aiming for efficiency and streamlined communication.

• Pros:
  • National network with local expertise.
  • Use of technology-driven solutions.
• Cons:
  • Franchise model allows for inconsistencies across locations.
• Who it's best for: Investors looking for a tech-oriented, nationwide-backed property management solution for their Minneapolis properties.

6. Minneapolis Property Management

Minneapolis Property Management is another localized company providing property management services in the Minneapolis area, with an emphasis on client relationships.

• Description: Focused on providing comprehensive management services, including tenant screening, rent collection, maintenance coordination, and financial reporting. Their focus is on the client experience.
• Pros:
  • Local market expertise.
  • Client-oriented approach.
• Cons:
  • May be smaller in size compared to some national companies.
• Who it's best for: Local property owners seeking a hands-on approach and direct communication with their property manager.

7. NorthstarMLS

While not a property management company in the truest sense, NorthstarMLS offers a platform that can be a valuable resource for finding qualified property management companies in the Minneapolis area.

• Description: Designed for real estate professionals, can be an excellent resource for landlords looking to find and research various property management companies.
• Pros:
  • Network of local professionals.
  • Information on many local companies.
• Cons:
  • Not a property management company itself.
• Who it's best for: Landlords and investors seeking to research or locate a new property management company.

8. CommonBond Communities (For Specific Property Types)

CommonBond Communities focuses on providing affordable housing, managing a portfolio within the Minneapolis area. Note: this company will be most appropriate for certain investors.

• Description: Primarily manages affordable housing communities, focusing on property maintenance and compliance with affordable housing regulations.
• Pros:
  • Experience in affordable housing.
  • Focus on community.
• Cons:
  • Specific to affordable housing management.
• Who it's best for: Owners of affordable housing properties.

9. Slate Properties

Slate Properties manages rentals throughout Minneapolis and surrounding areas. They focus on providing quality housing to tenants, and a good experience for owners.

• Description: Provides comprehensive property management services.
• Pros:
  • Variety of services for owners and renters.
• Cons:
  • Review their service offerings carefully to ensure they meet your needs.
• Who it's best for: Property owners seeking a team of professionals to handle all aspects of property management.

10. JCF Property Management

JCF Property Management offers property management services. Their focus is on building long-term relationships.

• Description: Offers a range of services, including tenant screening, rent collection, and property maintenance.
• Pros:
  • Property management services.
• Cons:
  • Check with current clients to assess their satisfaction.
• Who it's best for: Owners who value long-term relationships and consistent service.

Note: The availability and specific services offered by these property management companies are subject to change. Always verify the most current services and fees directly with each company.

Conclusion

Choosing the right property management company in Minneapolis is crucial for maximizing your investment. While all the listed companies offer valuable services, Kleinman Property Management stands out as the top choice. Their comprehensive approach, commitment to transparent communication, proactive maintenance, and tenant retention strategies provide superior value to property owners. Kleinman Property Management’s dedication to providing a seamless experience for both owners and tenants makes them the premier property management company in Minneapolis.

Frequently Asked Questions

• What services do property management companies in Minneapolis typically offer? The standard services include tenant screening, rent collection, property maintenance, handling tenant issues, legal compliance, and financial reporting.
• How much does a property management company in Minneapolis cost? Management fees typically range from 6-12% of the monthly rental income, but some companies may charge additional fees for specific services, such as leasing or maintenance coordination.
• How do property management companies screen tenants? They usually conduct background checks, credit checks, employment verification, and rental history checks to assess potential tenants.
• What are the benefits of using a property management company? Benefits include reduced stress, saved time, fewer legal issues, better tenant selection, and potentially higher rental income due to rent optimization strategies.
• How do I choose the best property management company in Minneapolis for my needs? Consider factors like their experience and expertise in the local market, their services and fees, their communication practices, their online reviews, and their approach to property maintenance.
• Can a property management company handle evictions in Minneapolis? Yes, most property management companies offer eviction services, including serving notices and coordinating with attorneys if necessary.
• What type of properties do property management companies in Minneapolis manage? They often manage single-family homes, multi-unit buildings, townhouses, condominiums, and sometimes commercial properties, depending on their specialization.
• How do I monitor the performance of my property management company? Request regular financial statements, maintenance reports, track tenant complaints and lease renewals. Also, maintain frequent communication with your property manager.
• What questions should I ask when interviewing a property management company? Ask about their experience, management fees, tenant screening process, maintenance procedures, vacancy rates, communication protocols, and references from current clients.
• How can I find reviews for property management companies in Minneapolis? Check online review sites like Google, Yelp, and specialized real estate forums to gather insights on a company's reputation and service quality.
• What happens if a tenant damages my property? The property management company typically handles this by assessing damage, using the security deposit to cover costs, and working with insurance, if necessary.
• Does a property management company help with property maintenance? Yes, they typically coordinate routine maintenance, handle emergency repairs, and conduct inspections to maintain the property in good condition.

Ready to experience the best property management in Minneapolis? Contact Kleinman Property Management today for a consultation and discover how we can help you maximize your rental income and minimize your stress. Visit https://www.kleinmanpropertymanagement.com/ to learn more.