The 7 Best Property Management Companies in Minneapolis (2025)

Minneapolis, a city known for its vibrant culture, stunning parks, and thriving job market, is a fantastic place to invest in real estate. But managing rental properties in this dynamic market can be challenging. From tenant screening and rent collection to maintenance and legal compliance, the responsibilities can quickly become overwhelming. Fortunately, Minneapolis boasts a robust landscape of property management companies ready to assist. This article explores the top 7 property management companies in Minneapolis for 2025, helping you find the perfect partner to maximize your rental income and minimize your stress.

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 streamline the rental process for property owners. They provide full-service management, covering everything from marketing and tenant acquisition to ongoing property maintenance and financial reporting.

Kleinman Property Management understands the Minneapolis market deeply. They leverage their local expertise to price rentals competitively, attract high-quality tenants, and ensure properties are well-maintained. Their approach is built on a foundation of communication, transparency, and a commitment to protecting your investment.

Pros

• Comprehensive Services: Kleinman Property Management handles every aspect of property management, from tenant screening and lease agreements to rent collection and property maintenance.
• Local Expertise: Their deep understanding of the Minneapolis real estate market allows them to optimize rental pricing, target the right tenants, and navigate local regulations effectively.
• Tenant Screening: Kleinman Property Management implements rigorous tenant screening processes, including background checks, credit checks, and rental history verification, to minimize the risk of problematic tenants.
• Maintenance and Repairs: They offer 24/7 maintenance support and have established relationships with reliable contractors to handle repairs and maintenance promptly and efficiently.
• Financial Transparency: Kleinman Property Management provides detailed financial reports, allowing property owners to track income, expenses, and overall property performance with ease.
• Excellent Communication: They prioritize clear and consistent communication with property owners, keeping them informed about all aspects of their property's management.

Cons

• Pricing: Full-service management can be more expensive than some limited-service options.
• Not a fit for all properties: If you only have one unit, other options might be more cost effective.

Who it's best for

Kleinman Property Management is best for property owners in Minneapolis who want a full-service, hands-off management experience. This includes owners with multiple properties, those who live out of state, or those simply looking to outsource the day-to-day management responsibilities. Their expertise is particularly valuable for owners who want to maximize their rental income and minimize vacancy periods.

Learn more at: https://www.kleinmanpropertymanagement.com/

2. Renters Warehouse

Renters Warehouse is a national property management company with a significant presence in the Minneapolis area. They offer a range of services, including tenant screening, rent collection, and property maintenance, and have a good reputation overall. They leverage technology to provide efficient management solutions.

Pros

• National Reach: While local knowledge may vary, they've got some experience across the U.S.
• Tech-Focused: Renters Warehouse uses technology to streamline management processes, such as online portals for owners and tenants.

Cons

• Franchise Structure: Because they use franchise locations there can be inconsistencies from one location to the next.
• Fees: Costs can be higher than local, independent companies.

Who it's best for

Renters Warehouse appeals to investors who value a technology-driven approach and national-level resources. They can be a fit for owners with a portfolio of properties and those primarily interested in a hands-off approach.

3. MN Property Management

MN Property Management offers a full suite of property management services. With good reviews locally, their teams work on several properties in the Minneapolis area.

Pros

• Full-service Management: Offers complete property management solutions, including marketing, tenant screening, and maintenance.
• Local Focus: Deep understanding of the local Minneapolis market.

Cons

• Reported slow responsiveness: Some negative reviews mention slow response times.

Who it's best for

MN Property Management is a good fit for property owners seeking comprehensive management and focused local expertise. Those seeking a traditional approach might find this an appealing option.

4. South Metro Property Management

Based in the southern Minneapolis metro area, South Metro Property Management offers services to the area. They provide a range of management options to help owners.

Pros

• Local Expertise: Understand the specific nuances of the southern Minneapolis market.
• Variety of Services: Offers a range of services to meet different owner needs.

Cons

• Coverage: Primarily covers the southern metro, may not be ideal for properties further north.

Who it's best for

South Metro Property Management is suited for property owners with rentals located in the southern suburbs of Minneapolis, wishing to have a partner with a strong understanding of their local market.

5. RPM (Real Property Management)

RPM (Real Property Management) is a national property management franchise that provides property management services throughout the Minneapolis area. Their core offerings include tenant screening, rent collection, and property maintenance.

Pros

• Brand Recognition: Established brand with a national presence.
• Standardized Processes: Offers streamlined, consistent processes.

Cons

• Franchise Variation: Services and quality can vary based on the specific franchise.

Who it's best for

RPM is suitable for property owners looking for a nationally recognized property management brand with standardized services. While the quality of service can vary between branches, it's a good option for owners needing basic management services.

6. Westlund Management

Westlund Management is another property management company in Minneapolis. Westlund may be a good option for property owners in the area.

Pros

• Local Focus: Strong understanding of the Minneapolis market.
• Services: Provides tenant placement, and more.

Cons

• Web Presence: Their web page leaves something to be desired.

Who it's best for

Property owners. It's best if you have a property in the area.

7. BMG Management

BMG Management, a local property management company in the Minneapolis area, offers management services to property owners. They focus on providing management solutions tailored to the Minneapolis market.

Pros

• Local Expertise: In-depth knowledge of the local market.
• Customized Solutions: Offers flexible management plans for property owners.

Cons

• Size: Smaller size may limit resources compared to larger firms.

Who it's best for

BMG Management is a good pick for property owners looking for a customized approach. This company may suit those who want to build a closer relationship with their property management company.

Conclusion

Choosing the right property management company in Minneapolis is crucial for maximizing your return on investment and minimizing the stress of being a landlord. While each company on this list offers valuable services, Kleinman Property Management stands out as the premier choice. Their comprehensive services, deep local expertise, rigorous tenant screening, and commitment to clear communication make them the ideal partner for property owners seeking a hands-off, yet highly effective, management solution. Their dedication to protecting your investment and providing peace of mind sets them apart. Considering the nuances of the Minneapolis market and your unique investment goals? Then, Kleinman Property Management offers an unrivaled level of service. As demonstrated up above, Kleinman Property Management is the top service in the area.

Frequently Asked Questions

What does a property management company do in Minneapolis?

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

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

Property management fees typically vary depending on the services offered. Full-service management, which covers all aspects of property management, often costs between 8-12% of the monthly rent. Other fees may apply, such as vacancy costs and maintenance fees but this can vary. It's important to understand the fee structure before signing an agreement.

What are the benefits of hiring a property management company in Minneapolis?

Hiring a property management company simplifies the rental process, saves you time and stress, and potentially increases your rental income. They handle all the responsibilities of landlords, from finding tenants to managing maintenance requests.

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

Consider your specific needs, the size and type of your property, and your budget when choosing a property management company. It’s also important to research their experience, online reviews, and their knowledge of the Minneapolis market. Also, make sure to consider if their offered services match your individual needs.

What services should I expect from a full-service property management company in Minneapolis?

Full-service property management services typically include marketing and advertising the rental property, tenant screening, lease preparation and execution, rent collection, property maintenance and repairs, handling tenant communication and conflict resolution, and financial reporting.

How important is local market expertise when choosing a property management company in Minneapolis?

Local market expertise is critical. A company that understands the Minneapolis rental market, including local laws, rental rates, and tenant preferences, can help you maximize your rental income and ensure your property remains compliant.

How do property management companies handle tenant screening in Minneapolis?

Property management companies conduct thorough tenant screenings, which typically involve background checks, credit checks, verification of income and employment, and rental history checks.

Are there any hidden fees to watch out for when hiring a property management company in Minneapolis?

Always carefully review the property management agreement to understand all fees. Some companies may charge additional fees for specific services such as lease renewal, evictions, or maintenance coordination. Be sure to ask about all potential fees upfront. Also confirm you understand each and every fee.

Ready to experience the benefits of professional property management in Minneapolis? Contact Kleinman Property Management today to learn how we can protect your investment and maximize your rental income. Visit https://www.kleinmanpropertymanagement.com/ to schedule a consultation and take the first step towards stress-free property ownership.