Owner FAQ

How much does property management cost?

$99 a month for your first home and $79 a month for each additional home. Finding a tenant costs one month's rent, and a lease renewal is $250.

It's a flat fee, not a percentage of the rent. On repairs we arrange, we add 15% to the vendor's price, shown as its own line on your statement. A $500 owner reserve per home is held in trust; it's your money, not a fee. See every fee we charge.

Do you charge a management fee while my home is vacant?

No. There's no management fee for a month the home is vacant all month and no rent is owed.

Partial months are prorated.

Is the management fee a percentage of my rent?

No. It's a flat $99 a month for your first home and $79 for each additional home.

Compare flat and percentage fees.

How fast do you answer owners?

You get a real answer within 2 hours (7 a.m.–10 p.m.), or that month's management fee is waived automatically.

For owners under full management: every call, text, email, and owner-portal message gets a real answer within 2 hours, 7 a.m.–10 p.m. Central (overnight messages by 9 a.m.). If we miss it, that month's management fee for the home is waived automatically. This is not an emergency line. For danger, fire, gas or crime, call 911.

Can I cancel, and is there a cancellation fee?

Yes. You can cancel anytime with 60 days' notice, and there's no termination fee.

Can you just find a tenant, without managing the home?

Yes. With our leasing-only service, we find and screen the tenant, and you manage the home yourself. The fee is one month's full rent.

What if a tenant you place has to be evicted?

If a tenant we place in a home we manage defaults and leaves, we find your next tenant with no leasing fee and waive our eviction fees, for as long as we manage your home. Our eviction fees are $400, plus $150 per additional court appearance. Court filing fees, process and sheriff fees, attorney fees, unpaid rent, damages, and turnover costs aren't included. Exclusions apply — see Section 9(b) of our management agreement.

I might sell the home later. Can you help?

Yes. Sell-Ready Credit: If you list your managed home for sale with us, the listing fee is 2% of the sale price, and at closing you get back the management fees you paid in the six full months before you listed, as a credit against that fee.

The 2% is our listing-side fee only. Any buyer's-agent compensation is separate and negotiable. Months with no fee (a vacant month) don't count, and response-guarantee credits reduce the fees counted. The credit is stated in your listing agreement, is paid only if the sale closes, can't exceed the listing fee, and doesn't apply if management ended before you listed. You're never required to list with us.

How are repairs approved and billed?

We get your approval before any single repair over $500, except emergencies, habitability repairs, and repairs required by law. On repairs we arrange, we add a 15% repair coordination fee to the vendor's price, shown as its own line on your monthly statement.

The 15% isn't charged when you use your own vendor for non-emergency work. A $500 owner reserve per home is held in trust for repairs; it isn't a fee.

How do you screen tenants?

We screen every applicant against the same written rental criteria, published on our site.

Screening covers credit (rent, landlord, and utility debt), criminal background with individualized review, eviction history, and rental history. Read our rental criteria.

When do I get paid?

Owner payouts go out within 7 business days after rent clears.

In the first month, the leasing fee (one month's rent) and a $500 reserve come out of the first rent we collect, and the second month's rent if needed, so your first payout usually arrives in month two.

Do you handle city rental licensing?

Yes. Our rental license application service is optional and costs $175 per home.

Rules differ by city. Each of our city pages links to that city's official rental licensing page.

Which areas do you serve?

Single-family homes and townhomes in the Twin Cities suburbs: the south metro, southwest suburbs, east metro and north metro. We don't manage in Minneapolis or St. Paul.

See every community we serve.

Are you licensed?

Yes. Minnesota Home Rental, Inc. is a licensed Minnesota real estate broker, license #40071807.

We've managed Twin Cities rentals since 2006.

Do you work with investors?

Yes. We manage for owners with one home and owners with several. Each home after your first is $79 a month.

Our founder has managed nearly 600 Twin Cities rental homes. We've signed 1,600+ leases.

How do I get started?

Check what your home would rent for with our instant rent estimate, or ask for a free rental analysis. You can also call (651) 362-9191 or email [email protected].

Instant rent estimate · Free rental analysis