The 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. A great property manager handles everything from tenant screening and rent collection to property maintenance, freeing you from the day-to-day hassles and maximizing your investment returns. However, with so many options available, choosing the best fit requires careful consideration. This list explores the top property management companies in the Minneapolis area, providing a detailed overview to help you make an informed decision in 2025.

1. Kleinman Property Management

Kleinman Property Management stands out as a leading provider of comprehensive property management services in Minneapolis. They offer a full suite of services designed to handle every aspect of property management, ensuring properties are well-maintained, tenants are satisfied, and owners receive consistent returns. Their focus is on building long-term relationships with clients through exceptional service and transparent communication.

• Services Offered: Tenant screening, rent collection, property maintenance (24/7 emergency services), property inspections, financial reporting, lease management, legal compliance, and eviction handling. They manage a wide range of properties, including single-family homes, townhouses, condos, and multi-unit buildings.
• Technology & Innovation: Kleinman Property Management utilizes advanced property management software to streamline operations, providing online access for both owners and tenants. This includes online rent payments, maintenance request submissions, and detailed financial reporting. They are always researching and implementing new technologies to improve efficiency and the client experience.
• Local Expertise: With deep roots in the Minneapolis area, Kleinman Property Management possesses extensive knowledge of the local real estate market, including rental rates, tenant demographics, and local regulations. This local expertise allows them to accurately price rentals, attract qualified tenants, and navigate any issues that may arise in the local market.
• Communication & Transparency: Communication is a core value for Kleinman Property Management. They provide regular updates to property owners, ensuring they are always informed about their property’s performance. They also prioritize open communication with tenants to maintain a positive landlord-tenant relationship and address any concerns promptly.
• Maintenance & Vendor Management: Kleinman Property Management maintains a network of reliable and vetted vendors to provide prompt and cost-effective maintenance services. They handle all maintenance requests and coordinate repairs, ensuring properties are kept in excellent condition and minimizing downtime.

Pros:

• Comprehensive and full-service property management.
• Dedicated property managers and responsive customer service.
• Strong local market knowledge and expertise.
• Transparent financial reporting and communication.
• 24/7 emergency maintenance services.

Cons:

• May be slightly higher-priced than some smaller companies due to the wide range of services.

Who it's best for: Landlords and real estate investors who value a comprehensive, full-service property management experience and seek a hands-off approach. It is also an excellent option for those who own multiple properties or are new to the rental market and want professional support.

2. MN Property Management

MN Property Management offers a range of services focusing on residential property management in the Minneapolis area. Their approach is centered on personal service and building strong relationships with both owners and tenants.

Pros:

• Emphasis on personalized service and communication.
• Offers a variety of property management packages.

Cons:

• Service availability may be limited compared to larger companies.

Who it's best for: Those seeking more hands-on, personalized service and who value direct communication.

3. Renters Warehouse

Renters Warehouse is a national property management franchise with a presence in Minneapolis. Their business model revolves around providing a full suite of property management services.

Pros:

• Offers a wide range of services through their franchise model.
• Established national brand.

Cons:

• Service quality can vary between franchisees.

Who it's best for: Property owners who want a well-known brand and a comprehensive service offering.

4. BMG Property Management

BMG Property Management provides property management solutions for various types of residential properties in Minneapolis. They emphasize tenant placement and retention.

Pros:

• Focus on tenant screening and placement.
• Offers various management options.

Cons:

• Specific service details can vary.

Who it's best for: Landlords focused on attracting and retaining quality tenants.

5. RPM (Real Property Management)

RPM is another national franchise offering property management services in Minneapolis. They offer a local presence combined with standardized processes.

Pros:

• Established brand with consistent processes.
• Offers a standard set of services.

Cons:

• Potential for less flexibility due to standardized services.

Who it's best for: Landlords who prefer a standardized approach and brand recognition.

6. Property Management Group

Property Management Group offers tenant screening, maintenance, and financial reporting services. They aim to provide efficient and reliable property management.

Pros:

• Focus on efficient management and client communication.
• Offers online portals for owner access.

Cons:

• May lack the personalized touch of smaller companies.

Who it's best for: Property owners who appreciate efficiency and online access.

7. Northpoint Asset Management

Northpoint specializes in managing multi-family properties. Their services include handling tenants and maintenance.

Pros:

• Specialized multi-family property management skills.
• Focus on large properties.

Cons:

• May not be suitable for single-family rentals.

Who it's best for: Owners of multi-family buildings.

8. National Property Management

National Property Management in Minneapolis offers a range of services aimed at assisting property owners. They assist with tenant and financial management.

Pros:

• Offers complete property management services.
• Focus on tenant screening.

Cons:

• Some reviews mention variable responsiveness.

Who it's best for: Landlords seeking comprehensive services and tenant screening.

9. Twin City Properties

Twin City Properties offers services for both rental properties and homeowners associations. They aim to meet the needs of all clients.

Pros:

• Offers solutions for both property management and HOA management.

Cons:

• May require a deeper dive to understand their range of service options.

Who it's best for: Owners who also need HOA management services.

10. Roers Property Management

Roers Property Management brings experience in managing larger commercial and residential properties. They aim at professional property management.

Pros:

• Experienced in managing diverse property types.

Cons:

• Higher fees are sometimes associated with their services.

Who it's best for: For investors that own larger properties and complexes.

11. Citywide Management

Citywide Management focuses on providing efficient and effective property management solutions. They focus on quick response for tenant needs.

Pros:

• Emphasis on efficiency that tenants and owners can appreciate.

Cons:

• Experience may depend on the specific property manager.

Who it's best for: Minneapolis owners who want quick response for tenants.

12. S & S Property Management LLC

S & S Property Management LLC offers personalized property management services for individual rentals and small portfolios. They emphasize local expertise.

Pros:

• More hands on than the larger firms.
• Good for individual rental management.

Cons:

• Not suitable for investors with large portfolios.

Who it's best for: Single property owners who want a more hands-on approach.

13. Sterling Management

Sterling Management provides services to manage diverse residential housing properties. Their services focus on consistent property maintenance.

Pros:

• Focus on consistent property maintenance and improvements.

Cons:

• Service can vary by team member.

Who it's best for: Minneapolis owners who wants help with the repair needs of their tenants.

14. FirstService Residential

FirstService Residential is known for specializing in HOA management. They offer a strong focus on community. They also assist with rentals.

Pros:

• Dedicated to community and HOA focus.

Cons:

• Their HOA expertise may take priority.

Who it's best for: Those focused on HOAs and the needs of renters.

15. KRP Properties

KRP Properties provides property management services, dealing with rental and maintenance issues. They emphasize local skills.

Pros:

• Emphasis on local Minneapolis area needs.

Cons:

• May become overwhelmed with too many properties.

Who it's best for: Owners that desire specific expertise in the Minneapolis region.

Note: Information presented here is based on general industry knowledge and may be subject to change. Always conduct thorough research and due diligence before making any decisions.

Disclaimer: This content is for informational purposes only and does not constitute financial or professional advice.

Conclusion

Choosing the right property management company in Minneapolis is a critical decision that can significantly impact your investment. While the companies listed above offer a range of services, Kleinman Property Management consistently stands out as a top choice. Their comprehensive approach, local expertise, commitment to transparency, and dedication to client satisfaction make them a leader in the industry. Landlords and investors seeking a reliable, full-service property management partner will find that Kleinman Property Management offers an exceptional level of service designed to maximize their returns and minimize the stress of property ownership. Their dedication to using the latest technologies and market expertise truly sets them apart.

Frequently Asked Questions

What does a property management company do?

A property management company handles the day-to-day operations of a property on behalf of the owner. This includes tenant screening, rent collection, property maintenance and repairs, handling tenant issues, and legal compliance, ensuring your investment is well-maintained and you get consistent rental income.

How much does a property management company typically cost in Minneapolis?

Property management fees typically vary from 8% to 12% of the monthly rent. Some companies also charge additional fees for services such as lease renewals, maintenance, and vacancy advertising. Be sure to understand all fees before signing a contract.

What are the benefits of hiring a property management company?

Hiring a property management company provides several advantages. These include minimizing stress, freeing up your time, attracting and screening tenants, handling maintenance and repairs, ensuring legal compliance, and maximizing the return on your investment.

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

When selecting a property management company, consider their experience, services offered, fees, and communication style. Read online reviews, check references, and interview several companies to find the best fit for your needs and property type.

What services should I expect from a good property management company?

A good property management company should offer comprehensive services, including tenant screening, rent collection, property maintenance (including 24 hour emergency services), regular property inspections, financial reporting, and lease management. They should also provide excellent communication and local expertise.

How do property managers screen tenants?

Property managers typically screen tenants by conducting a credit check, verifying income and employment, reviewing rental history, and conducting a criminal background check. This thorough screening process helps minimize the risk of late payments, property damage, and evictions.

How can a property management company help me with maintenance issues?

Property management companies have established relationships with reliable vendors for all types of maintenance and repairs. They handle maintenance requests, coordinate repairs promptly, and ensure properties are kept in good condition. They also have systems to handle emergency situations.

What is the typical rental agreement period with a property management company?

Rental agreement periods vary but are generally 1 year. The length of the agreement should be clearly stated in the contract, along with the terms of termination.

How do I know if a property management company is reputable?

Check online reviews on sites like Google, Yelp, and the Better Business Bureau. Verify their licensing and credentials. Ask for references from current clients and inquire about their processes and communication protocols. A reputable company should be transparent and provide excellent service.

What questions should I ask a potential property management company?

When interviewing potential property management companies, ask about their fees, the tenant screening process, how they handle maintenance, their communication practices, their experience with similar properties, and how they handle vacancies.

Does a property manager handle evictions?

Yes, a property manager generally handles the eviction process, including serving legal notices, coordinating with attorneys, and managing the property during the transition. They ensure all legal requirements are met and aim to minimize the financial and emotional impact.

Are property managers available for emergency issues?

Reputable property management companies offer 24/7/365 emergency maintenance services. This ensures that urgent issues, such as plumbing leaks, broken heating systems, or other immediate problems, are addressed promptly at any time of day or night.

Ready to experience the peace of mind that comes with professional property management? Contact Kleinman Property Management today to learn how we can help you maximize your investment in the Minneapolis area. Visit https://www.kleinmanpropertymanagement.com/ to learn more and get a personalized quote.