We need MORE homes in Minneapolis / St. Paul and all surrounding suburbs. We currently have more tenant leads than available properties. If you have a home and are considering renting it out we can help. Current average vacancy: 2-3 weeks.
We offer Property Management and Tenant Placement services in Minneapolis/St. Paul and all surrounding suburbs. With a thorough tenant screening process as well as full property management services. Our goal is to find quality tenants for homeowners. We will care for your property as if it were our own, giving you freedom and peace of mind.
Free Market Analysis
Do you own a single-family home? If you’re considering renting out your home in the Twin Cities or Duluth area, request a free, no-obligation, market analysis. We’ll share our deep experience in the Minnesota rental market to answer questions like: How much rent should I charge? How long will it take to rent the home? How can I screen tenants and manage the property?
Minnesota Home Rental’s Worry-Free Tenant Placement Guarantee
If the tenant we place in your property breaks the lease agreement during the first nine months, for any reason, we will waive our fees for finding you a replacement tenant. We’ll re-market your property and help you find new renters at no additional cost. Please contact us for details and limitations.Minnesota Home Rental’s Eviction Protection Plan
Avoid the high legal fees and headaches associated with tenant evictions. Minnesota Home Rental’s Eviction Protection Plan will cover attorney, court and process server fees arising from eviction proceedings against any tenants we place for you, and we’ll help with the paperwork and coordinate court appearances. Minnesota Home Rental’s Eviction Protection Plan costs only $15.95/month. Contact us for details and limitations.Tenant Placement
- Minnesota Home Rental Inc. is a member of the National Association of Residential Property Managers (NARPM) and a fully licensed Minnesota and Wisconsin Management Real Estate Brokerage. (Lic. #40071807)
- We know the local market; have an extensive network of contacts (Relocation Co., Real Estate Agents, Mortgage lenders, other Property Management Co.), and have advertising resources available to us at discounted rates. This allows us to effectively market your vacant home to prospective residents to get it filled.
- There are NO set-up fees. No long term contract required.
- Tenant Placement fee 85% of one full month’s rent w/MNHR Inc management. 100% placement service only
- Tenant placement guarantee: If a tenant placed by MNHR, Inc. breaks the lease agreement within the first nine months, we’ll find a replacement tenant at no charge. (Valid only if MNHR, Inc. remains the designated property management service provider upon commencement of the replacement tenant’s lease.)
- Experienced Minnesota and Wisconsin Property Management staff answering incoming calls and emails 7 days a week including holidays.
- Facilitate prompt viewing of properties at tenants convenience.
- Automated online application process for quick processing.
- Virtual home tours of property for increased marketing appeal (some restrictions may apply)
- List your property on all of the top rental housing websites.
- List your property in local news papers.
- Photos taken of your home for tenants to view online.
- Prepare leases and lease option contracts on behalf of owner.
- Full property management services are available, but NOT required.
- Flexible terms and services (nonexclusive, NO long term contracts required, volume discounts)
Tenant Screening
- Our tenant screening process includes obtaining a full credit risk report, employment history, criminal background report, sex offender database check and a resident rental history report through the tenants previous landlord, which verifies on time rent payments as well as the condition of the home at move out.
- Ability to accept online credit card and electronic check payments for background checks and security deposits for faster processing.
- While it is important for us to keep your property occupied, our experience shows that it is more important to be selective about your tenant. In the long run you will benefit by accepting a quality tenant because your tenant will probably stay longer and take better care of your home.
Management Services
- We are a member of the National Association of Realtors, and a licensed Minnesota real estate broker (license #40071807).
- Property owners can self manage their units after a tenant has been found if they so choose.
- Tenants will pay their rent electronically via their checking account or credit card through our website. This will give the tenants every opportunity to pay their rent on time. This also gives us the opportunity to deal with issues immediately.
- The rental(s) disbursement checks will be electronically transferred to the owners bank account. The funds are usually deposited to the owners account by the 10th business day.
- $100 monthly management fee. If we don’t collect then we don’t get paid.
- Damage deposit are typically 1 months rent and are held in our trust account. (Minnesota State Law requires interest to be paid at lease termination to the tenant.)
- We coordinate all maintenance and emergency repairs. This is included in the monthly management fee.
- We understand and apply the correct federal, state, and local laws, keeping you and your investment out of trouble.
- Utilize a collections agency for any delinquent rents or money that is owed. (no additional charge)
- Certificate of rents paid is issued out to renters at year’s end for tax purposes.
- We enforce collection of rents and serve the proper notices upon failure to pay. Real estate attorney on team to help with issues including evictions.
- After you add up the increased rent we can often command, the shorter time you spend waiting for rent checks, the discounts you’ll receive on advertising, and the company rate we get on repairs, you’ll often make more money than if you managed the property yourself!
Our Simple Fee Structure
- Tenant Placement
- NO advertising fee or Setup fees.
- 85% of one full month’s rent after we find a qualified tenant w/Minnesota Home Rental Inc management services. 100% placement fee without management services.
- Management Services
- NO Setup fees.
- $100/mo. We only get paid when rent is collected.
