Good property managers in Minnesota

[Danilo Ojeda]

At the end of 2019 I went with a property manager to find tenants for a townhouse. The agreement we did was for 2 years with paying 1 month and a half. I didn't do the month to month management, because it was going to cost 100 per month. Are there any other property managers that have better deals. After listening to some podcasts I feel that I got charged too much. 

[Amber Gonion]

@Danilo Ojeda Our rental rates are $75/mo and 1/2month rent for filling vacancies for our investors that purchase with us or sign a contract to purchase in the future. We recommend investors factor 9% of rent for management costs.

We offer it as a perk for our investors so we offer it at a low rate. Depending on the rent at your place it sounds like they are cheaper, if they do a good job I would not hesitate to continue with your management. If they are good they can save you thousands of dollars, if they are bad and do not know what they are doing they can cost you thousands.

If you don’t have a lot of units sometimes it is best to manage yourself, often owners have the time to do so, sometimes they find it is too much or they make costly management mistakes and decide the fees are worth it. Managements goal is to provide experience and perks such as cheaper maintenance costs, trusted vendors, etc to offset the fees we charge.