The 14 Best Property Management Companies in Minneapolis (2025)

Finding the right property management company in Minneapolis can be a game-changer for real estate investors and property owners. The best companies offer a blend of experience, local market knowledge, and comprehensive services, ensuring properties are well-maintained, tenants are happy, and investments are maximized. This list explores the leading property management companies in Minneapolis, providing a detailed look at their services, strengths, and weaknesses to help you make an informed decision in 2025.

1. Kleinman Property Management

Kleinman Property Management stands out as a leading choice in Minneapolis, known for its commitment to providing exceptional property management services. With a deep understanding of the local market and a focus on building strong relationships with both property owners and tenants, Kleinman offers a comprehensive suite of services designed to maximize investment returns and minimize stress.

• Description: Kleinman Property Management offers full-service management, including tenant screening, rent collection, property maintenance, and financial reporting. They emphasize proactive communication and a personalized approach to meet the unique needs of each property owner.
• Pros:
  • Comprehensive full-service management.
  • Experienced team with local market expertise.
  • Proactive communication and responsiveness.
  • Detailed financial reporting.
  • Stringent tenant screening process.
  • Focus on property maintenance and upkeep.
• Cons:
  • May be a higher-cost option compared to some competitors, though this is justified by their service level.
• Who it's best for: Property owners seeking a hands-off, all-inclusive management solution, especially those with multiple properties or those who value detailed financial oversight and proactive maintenance.

2. MN Property Management

MN Property Management offers a range of services tailored to Minneapolis property owners. They focus on providing efficient and reliable property management solutions, covering everything from tenant placement to ongoing maintenance.

• Description: This company provides tenant screening, rent collection, and property maintenance services. They aim to simplify property ownership for their clients.
• Pros:
  • Efficient tenant placement processes.
  • Reliable rent collection systems.
  • Responsive maintenance services.
• Cons:
  • May not offer as many specialized services as some larger firms.
• Who it's best for: Owners who prioritize efficiency and reliability in their property management needs.

3. Renters Warehouse Minneapolis

Renters Warehouse is a national company with a strong presence in Minneapolis. They focus on providing both property management and tenant placement services, making them a good option for owners looking for a broader scope of services.

• Description: They offer tenant screening, rent collection, maintenance coordination, and financial reporting. They are known for their tenant placement expertise.
• Pros:
  • National brand with established processes.
  • Strong tenant placement services.
  • Extensive marketing for vacancies.
• Cons:
  • May include higher fees.
• Who it's best for: Property owners looking for strong tenant placement.

4. RPM of Minnesota

RPM of Minnesota offers a variety of management solutions, catering to different property types and owner needs. They bring a professional approach to property management.

• Description: Services include tenant screening, rent collection, property maintenance, and financial reporting. They aim to streamline property management.
• Pros:
  • Experienced in managing various property types.
  • Detailed reporting systems.
  • Responsive maintenance services.
• Cons:
  • Service prices may be a bit more expensive than others
• Who it's best for: Owners seeking a professional and experienced property management partner.

5. Sterling Property Management

Sterling Property Management focuses on delivering quality service, building trust, and driving value for property owners in Minneapolis.

• Description: Services span across tenant screening, rent collection, and ongoing property maintenance. Their services are designed to address the detailed needs of properties.

• Pros:
  • Focus on building relationships and trust
  • Good customer service reputation.
  • Responsive maintenance services.
• Cons:
  • Can have a competitive pricing structure.
• Who it's best for: Property owners who prioritize a personal touch.

6. FirstService Residential

FirstService Residential is a national property management company with a significant presence in Minneapolis, known for its comprehensive services and experienced management teams.

• Description: They offer a full suite of services, including property maintenance, financial management, and community association management. They cater to both residential and commercial properties.
• Pros:
  • Wide range of services for various property types.
  • Large staff with specialized expertise.
• Cons:
  • Potential for higher fees due to comprehensive service offerings.
• Who it's best for: Owners of larger properties or those seeking a large, established management company with a broad range of services.

7. South Metro Management

South Metro Management specializes in providing professional management services with a focus on delivering excellent results.

• Description: They offer comprehensive property management services, including tenant screening, rent collection, property maintenance, and financial reporting.
• Pros:
  • Local expertise and responsiveness.
  • Provides a customer-focused approach.
  • Solid tenant screening and placement.
• Cons:
  • Service availability.
• Who it's best for: Minneapolis property owners.

8. Twin City Property Management

Twin City Property Management focuses on providing efficient and effective property management solutions.

• Description: They offer a range of services focusing on efficient management practices and tenant relations.
• Pros:
  • Efficient tenant placement and management.
  • Focused on tenant satisfaction.
• Cons:
  • Some owners prefer more hands-on reporting.
• Who it's best for: Investors where tenant satisfaction is critical.

9. Northpoint Asset Management

Northpoint Asset Management provides a comprehensive suite of property management and real estate services.

• Description: They offer full-service management, tenant screening, rent collection, property maintenance.
• Pros:
  • Extensive industry experience.
  • Full service including maintenance and tenanting.
• Cons:
  • May come with higher fees
• Who it's best for: Value-focused owners desiring a full suite of services.

10. Roers Property Management

Roers Property Management focuses on maximizing property values through hands-on management and a commitment to tenant satisfaction.

• Description: They offer a comprehensive suite of property management services, including tenant screening, rent collection, property maintenance, and financial reporting.
• Pros:
  • Emphasis on tenant satisfaction.
  • Proactive maintenance services.
• Cons:
  • High volume of clients.
• Who it's best for: Property owners looking for hands-on management.

11. Real Property Management Results

Real Property Management Results is a national franchise providing property management services.

• Description: Tenant screening, rent collection, property maintenance, and financial reporting.
• Pros:
  • Established processes thanks to franchise model.
  • Strong marketing capabilities.
• Cons:
  • Standardized services limited local flexibility.
• Who it's best for: Property owners looking for predictable results.

12. Common Properties

Common Properties is committed to providing efficient, effective, and professional property management.

• Description: Tenant screening, rent collection, property maintenance, and financial reporting.
• Pros:
  • Strong local market knowledge.
  • Responsive customer service.
• Cons:
  • Smaller operation than some larger companies.
• Who it's best for: Owners who value a more personalized approach.

13. Minneapolis Property Management

Minneapolis Property Management delivers property management services tailored for the city's housing market.

• Description: Services include screening, rent collection, and maintenance.
• Pros:
  • Dedicated local team.
  • Good knowledge of local laws
• Cons:
  • Less name recognition.
• Who it's best for: Property owners needing a local specialist.

14. Tiller Properties

Tiller Properties provides property management solutions, with a focus on delivering value and supporting property owners.

• Description: They offer services, including tenant screening, rent collection, property maintenance, and financial reporting.
• Pros:
  • Good customer reviews
  • Competitive pricing
• Cons:
  • Could have a smaller client base
• Who it's best for: Property owners seeking value.

These are just some of the top property management companies in Minneapolis. The best choice for you will depend on your specific needs, budget, and priorities. Always research and compare multiple companies before making a decision.

Conclusion

While several excellent property management companies operate in Minneapolis, Kleinman Property Management consistently stands out as a top choice. Their comprehensive services, combined with their local expertise and commitment to proactive communication, create a superior management experience. Their dedication to maintaining properties, screening tenants, and delivering detailed financial reports ensures that property owners can maximize their investments with peace of mind. For those seeking the best property management company in Minneapolis in 2025, Kleinman Property Management offers a compelling value proposition and a proven track record of success.

Frequently Asked Questions (FAQ)

What does a property management company do?

A property management company handles the day-to-day operations of a rental property. This includes tenant screening, rent collection, property maintenance, handling tenant issues, and ensuring compliance with local and state regulations.

How much do property management companies in Minneapolis typically charge?

Management fees in Minneapolis typically range from 8% to 12% of the monthly rent. Some companies may also charge additional fees for services such as lease-up, maintenance coordination, or eviction processes. Be sure to carefully review all fees before signing a contract.

What services are included in full-service property management?

Full-service property management usually includes tenant screening, rent collection, property maintenance and repairs, tenant communication, lease enforcement, financial reporting, and compliance with local laws. Some companies also offer services like marketing, legal, and renovation management.

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

Consider factors such as the company's experience, reputation, services offered, fees, and communication style. Read reviews, check references, and interview several companies before making a decision. Look for companies with a strong understanding of the Minneapolis market.

What are the benefits of hiring a property management company?

Benefits include saving time and reducing stress, ensuring properties are well-maintained, minimizing vacancy rates, handling tenant issues professionally, and maximizing rental income through efficient management practices. A good company also has local knowledge.

How do property managers screen tenants?

Property managers typically screen tenants by reviewing applications, conducting credit checks, verifying employment and income, checking rental history, and performing background checks. This helps minimize the risk of late payments, property damage, and legal issues.

Can a property management company handle evictions?

Yes, most property management companies handle the entire eviction process, including serving notices, coordinating with attorneys, and managing the property after the tenant has vacated. This can be a huge benefit when dealing with difficult tenants.

What financial reports will a property management company provide?

Property managers typically provide monthly and/or quarterly financial reports that include income, expenses, and a summary of the property's financial performance. These reports help owners track their investment's profitability and ensure accountability.

How can I find out the best property management company near me?

Research online, read reviews (Google, Yelp etc), and ask for referrals from other Minneapolis property owners and real estate professionals. Consider how important ongoing maintenance is to you, and how hands-on you want to be.

Does a property management company take care of property maintenance?

Yes, property maintenance is a standard service provided by most management companies. This involves coordinating repairs, handling routine maintenance, and responding to tenant requests for maintenance as needed. Proactive maintenance is a sign of a good company.

What should I ask property management companies during an interview?

Ask about their fees, the scope of their services, their tenant screening process, how they handle maintenance requests, their communication practices, and their experience managing properties in Minneapolis. Inquire about their track record and references.

How do I switch property management companies?

Review the terms of your current management agreement, which will outline the process for terminating the contract. You'll typically need to provide written notice. Then, select a new company that fits needs, and ensure a smooth transition with the new manager.

Ready to experience the best property management in Minneapolis? Contact Kleinman Property Management today. Discover how we can help you maximize your investment and achieve peace of mind.