Information for Property Owners

Information for Property Owners

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. The current average vacancy is 10-12 days.

We offer Property Management and Tenant Placement Services in Minneapolis/St. Paul and all surrounding suburbs. Using our 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 Western Wisconsin area, you may request a free, no-obligation, market analysis. Well share our vast 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 & Sales Worry-Free Lifetime Tenant Placement Guarantee

If the tenant we place in your property breaks the lease agreement anytime during their tenancy due to non-payment of rent that results in an eviction action, we will waive our fees for finding you a replacement tenant. Well re-market your property and help you find new renters, at NO additional cost. Please contact us for details and limitations.

Our Simple Fee Structure

Tenant Placement

  • NO Advertising Fees -or- Setup Fees.
  • NO Long-Term Contracts
  • 0-17 Month Lease=1 Month’s Rent Fee
  • 18+ Months=1.5 Month’s Rent Fee
  • $250 Lease Renewal Fee

Management Services

  • NO Setup fees.
  • $80/monthly Property Management Fee (We also offer multi-unit discounted rates.)
  • We only get paid, when rent is collected.

Note: Please call for a price quote if unit already has tenants that were not placed by Minnesota Home Rental & Sales.

Tenant Placement

  • Minnesota Home Rental & Sales 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.’s, Real Estate Agents, Mortgage lenders, other Property Management Co.’s), 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 contracts required.
  • Tenant Placement Fee is 100% of one full months rent after we find a qualified tenant for leases up to 17 months.
  • Worry-Free Lifetime Tenant Placement Guarantee: Our guarantee is the best in the business! IF your tenancy goes south due to non-payment of rent that results in an eviction action, we will secure a new tenant for you-at NO CHARGE!
  • Experienced property management staff answers incoming calls and emails 7 days/week including holidays.
  • Facilitate prompt viewing of properties at tenant’s 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 newspapers.
  • Digital 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 (non-exclusive, NO long-term contracts required, and 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 tenant’s previous landlord.
  • 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 MN 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 owner’s bank account and the funds are usually deposited to the owner’s account by the 10th business day.
  • Low $80 monthly management fee/1 unit. If we dont collect rent, then we dont get paid.
  • Damage deposits are typically 1 month’s 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.
  • May utilize a collection agency for any delinquent rents or money that is owed. (NO additional charge)
  • Certificate of Rents Paid (CRP) is issued to renters at years end for tax purposes, free of charge.
  • 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 we receive on advertising, and the company rate we get on repairs, you’ll often make more money than if you managed the property yourself!

Property owners can sign up online by completing the Property Listing Worksheet. When we find an applicant that you accept, the charge is one full month’s rent for all leases up to 17 months in length. (Volume discount pricing is available for multiple units.)