Find property management in Minneapolis, MN

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We know the best property managers in Minneapolis, MN.
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How We Help Find Your Perfect Minneapolis, MN Property Manager

Select your property's type and zip code
Select your property's
type and zip code
Review listings of top local property managers that fit your criteria
Review listings of top local property managers that fit your criteria
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Discuss your unique needs with the property managers
Discuss your unique needs with the property managers
Specialty # of Agencies
Single House or Condo 8
Apartment Buildings 13
Home Owners Association 10
Total Local Companies 22

The average rent for a 3 bedroom house in Minneapolis, MN is $1,419.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Minneapolis, MN Rental Market Overview

Low Vacancies and Surging Jobs Make Minneapolis the Hottest Midwest Rental Market
Strong job demand and a low vacancy rate placed Minneapolis among the best rental markets in the west, as well as the biggest hitters in the east in the Marcus & Millichap 2013 National Apartment Report (NAR). Minneapolis was the only Midwest market to make the top ten in the index, wedged in the middle of a bunch of West Coast markets as well as the usual East Coast giants, including New York, Boston and North New Jersey. The City of Lakes placed seventh out of 44 markets in the index, and the highest any other Midwest market ranked in 2013 was Chicago, which dropped from 17th in 2012 to 20th. The 2013 NAR forecasted vacancy rate of 2.8% in Minneapolis is one of the lowest in the nation, surpassed only by New York and Portland, Oregon.

Minneapolis Market Entry Can Be Tricky
While escalating job growth and low vacancies are key components in a landlord's market, asset location continues to be the most important, if not trickiest, consideration for buying property in Minneapolis. Most of the apartment rental demand remains centered near the Twin Cities urban core or close to large employers and major employment centers. The 2013 NAR points out that because of strong operations over a number of years, Minneapolis apartment owners seem less inclined to sell than in other markets, although the combination of escalating values and increased new apartment inventories could change this environment in the near future. In 2013 more than 2,800 new apartments were built in the area, which is more than all of the rental units completed in 2009-2011 combined. While the report anticipates that investors should move to Class B properties in ideal locations, the expectation of reduced buying activity in locations further away from the core remains similar to years past. That's one big reason why many small and independent investors consult with local Minneapolis-St. Paul property managers prior to making purchase decisions. Property management companies feature real estate professionals who often do more than screen tenants, renew leases and coordinate maintenance and repairs; they also closely follow market trends through their network of clients and associates. It's a sort of boots-on-the-ground perspective that you won't find searching online business reports. Learn more about what a Minneapolis property management company can do for you. Review our online profiles and then request your free information right now.

Top Single Family Managers

6101 Baker Rd #200
Minnetonka, MN 55345

Managing: Single-Family : Multi-Family :
#1 Tenant Placement company. Home of the Tenant Warranty. No fees upfront! Flat Fee management services!
Free Quote...

Managing: Single-Family :
We will care for your property as our own, giving you peace of mind and freedom to pursue other business.
Free Quote...

11252 86th Ave. N.
Maple Grove, MN 55369

Managing: Single-Family : Multi-Family :
Don't Pay More for Less! Experienced Agents, Re-Marketing Discounts, FREE lease renewals and No set-up fees!
Free Quote...

Top Multi-Family Managers

6101 Baker Rd #200
Minnetonka, MN 55345

Managing: Single-Family : Multi-Family :
#1 Tenant Placement company. Home of the Tenant Warranty. No fees upfront! Flat Fee management services!
Free Quote...

11252 86th Ave. N.
Maple Grove, MN 55369

Managing: Single-Family : Multi-Family :
Don't Pay More for Less! Experienced Agents, Re-Marketing Discounts, FREE lease renewals and No set-up fees!
Free Quote...

2626 East 82nd St., Suite 340
Bloomington, MN 55420

Managing: Multi-Family : Association : Commercial
"Creating Partnerships for Developing & Managing Sustainable Communities"
Free Quote...

Top Association Managers

10451 Glen Eagle Circle
Saint Paul, MN 55129

Managing: Association :
Complete HOA & CIC Management Services
Free Quote...

6438 City West Parkway
Eden Prairie, MN 55344

Managing: Association :
Gassen has been providing residential management services since 1969.
Free Quote...

7100 Madison Avenue West
Golden Valley, MN 55427

Managing: Association :
Associa: Exceptional Community Management.
Free Quote...

Additional Minneapolis, MN Property Management Companies

5200 Wilson Road, Suite 150
Edina, MN 55424

Managing: Single-Family : Multi-Family :
Northpoint Asset Management is committed to providing professional service.
Free Quote...

1561 Selby Ave
St. Paul, MN 55104

Managing: Single-Family : Multi-Family :
We will provide the personal attention your property deserves, at a price that protects your investment!
Free Quote...

564 Dodge Ave Suite A
Elk River, MN 55330

Managing: Single-Family :
Highly recommended Property Management Co. serving Elk River & cities within a 20 mile radius
Free Quote...

152 Hardman Ave So.
South Saint Paul, MN 55075

Managing: Multi-Family : Association : Commercial
We build wealth, save client time and give you peace of mind.
Free Quote...

56 E Broadway Suite 200
Forest Lake, MN 55025

Managing: Multi-Family : Association : Commercial
We provide professional expertise in community association property management.
Free Quote...

8416 Xerxes Ave N
Brooklyn Park, MN 55444

Managing: Association :
At Genesis Property Management we don't Manage Properties...We develop relationships.
Free Quote...

12760 Aberdeen Street NE, Suite 101
Blaine, MN 55449

Managing: Association :
Greater Midwest Property is committed to maximizing the benefits of your real estate investment through efficient manageme...
Free Quote...

4911 Learning Lane
Red Wing, MN 55066

Managing: Association : Commercial
Committed to developing a responsive relationship and extending prompt and courteous service.
Free Quote...

7531 Jersey Ave N.
Brooklyn Park, MN 55428

Managing: Multi-Family :
By using Nexus Real Estate Services you not only get our great service, but years of relationships with all aspect o...
Free Quote...

5200 Wilson Road, Suite 150
Edina, MN 55424

Managing: Multi-Family :
Northpoint Asset Management is committed to providing professional service.
Free Quote...

Rental Ranking

  • What is it?
    • It measures a city's attractiveness for real estate investment.
      Higher Ranking = Higher Rental ROI Capacity.

2014 Q2 Report


All Property Management released the latest US regionally ranked data.
View report >

About Rental Ranking >
How is this Calculated >
Minneapolis Companies >

Top US Cities

View Full Report

The top five rental ROI cities per region

Midwest

  1. Grand Rapids, MI
  2. Indianapolis, IN
  3. Omaha, NE
  4. St. Louis, MO
  5. Minneapolis, MN

Minneapolis, MN: Rental Property ROI Analysis

2014 Q2 Data Vacancy Rate Rent Variance Cap Rate Appreciation Job Growth Days on Market
Minneapolis 5.40% 3.13% 7.81% 3.15% 1.94% 55
75 US City Avg. 8.00% 0.57% 7.78% 5.00% 1.59% 73

Home to the Minnesota Vikings and the world-famous Mall of America, the city of Minneapolis is far more than just polite Midwesterners and a low crime rate. Boasting exceptional artistic and cultural institutions, a progressive local government, and a focus on green living, Minneapolis has made a name for itself as an excellent place to live, work, and play. Although the cost of living is higher than the national average, the city's low unemployment rate makes Minneapolis an excellent choice for people looking for job opportunities. Forbes ranking the city on its list of Best Places for Business and Careers only reiterates this fact.

 

As such, the rental market is hot in this area. It will come as no surprise, then, that All Property Management Q2 2014 Rental Ranking Report just named Minneapolis as the 5th BEST city for rental investment in the Midwest and 16th nationally.

 

What data is this based on?

To calculate the All Property Management Rental Ranking Report, we explore a number of different sources, including current government housing and jobs data, as well as housing appreciation forecasts for 75 cities across the United States. We look at specific factors such as home vacancy rates, capitalization rates, home value appreciation rates, annual job growth, change in rental rates, and average days a property stays on the market to determine which U.S. cities are poised to give investors the highest return on their rental investment.

 

Minneapolis, Minnesota, while lacking in home value appreciation, excels in the categories of rent variance and average days on market. What does this mean? Minneapolis' rent variance is 3.13 percent, which indicates rental rates have increased year-over-year. Likewise, the city's real estate listings stay on the market for an average of 55 days, which places it 13th among the 75 Metropolitan Statistical Areas that All Property Management evaluates for the Rental Ranking Report. Other positives for Minneapolis include an average vacancy rate of 5.4 percent and a job growth rate of 1.59 percent year-over-year. Lastly, Minneapolis' capitalization rate of 7.15 percent, while relatively low compared to the other cities included in this Rental Ranking Report, still indicates the potential for a good rate of return.

 

What does a high-ranking mean?

Is owning a rental property in Minneapolis profitable?
Quite simply, there has never been a better time to consider rental property investment in Minneapolis and the surrounding areas. Increasing rental rates and low vacancy rates indicate there is a demand for quality rental housing in the community, and good capitalization rates show there is profit to be made.

 

Thinking about renting out your Minneapolis property? Seek the assistance of a local, qualified property manager and automate your rental profit. Get free quotes emailed to you from 5 competing Minneapolis property management companies to compare rates and calculate the ROI. Or call 1-877-780-4510 to speak with a representative.

 

Our team at All Property Management specializes in connecting property owners with property agents in communities across the country. Expert property managers can assist with setting rental rates, advertising your property, screening and managing tenants, collecting rent, managing vendor relationships, and ensuring you are complying with local, state, and federal housing regulations, thus taking the hassle and worry out of managing your property. We look forward to working with you and welcome the opportunity to help you with all your property management needs.