Minneapolis property management pricing & service overview
Full-Service Residential Property Management
ECR Property Management offers a completely hands-off Residential Property Management service for owners & investors of single family & small multi-unit residential properties in the Minneapolis & Saint Paul metro.
Simple pricing between 8-12% of rent, for everything. No hidden fees & zero markups from move-in to move-out.
Pricing & Service Overview
What's the price of our full-service property management solution, and what's included
Compare Our Pricing to Other Property Managers
pricing between 8-12% of rent
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Our Pricing Vs Others
| Services | ECR Property Management | Competitor |
|---|---|---|
Monthly Management Fee | 8-12% of Rent Collected | Varies |
Tenant Placement Fees | $0 | 100% of First Months Rent |
0% | 10 – 20% Surcharge | |
Inspection Fee | $0 | $100-$250 Per Inspection |
Vacancy Fee | $0 | $50/mo |
Eviction Handling Fee | $0 | $300-$500 |
Handyman Fees | Included | $75-$100/hr |
Lease Renewal Fee | $0 | $300-$500 or 25-50% one months rent |
Built by Investors for Investors
Our Full Service Property Management solution is built around what we wanted as investors, but couldn't find
Understanding Property Management Fees
The Misaligned Goals of Property Managers
There’s a saying “show me the incentive, and I’ll show you the outcome”. And that’s holds true in Property Management.
If this is your first time hiring a property manager, start here. This article details how property managers make money, and why their incentives may be working against yours.
FAQ
8-12% of rent collected with $250/mo minimum.
As a general rule of thumb, if it takes 20 minutes to fix, we'll repair it at no cost to you except parts. For things that impact the quality of stay and safety of the tenant, or risk damage to your property, there may be a cost associated with the repair
One monthly price means when we reduce turnover & and unexpected maintenance calls, we're more successful as a property management company. Our pricing model is one fixed monthly price without any hidden maintenance fees or surcharges on work we coordinate. This means that when we reduce turnover and unexpected maintenance calls, we are more successful as a property management company.
Property inspections objective is 2 fold. One, to ensure the lease and clauses within the lease are being followed and the property is being well maintained by the tenant. Second, is our maintenance approach is proactive, not reactive. During our visit we will perform basic repairs and identify any potential potential issues to address before they become emergencies.
Instead of relying solely on an automated system, we leverage technology and humans. From the technological standpoint, our background screening includes direct links to tenants bank accounts to verify funds, verify employment directly through their employer, credit reports, and nationwide criminal, sex offender, and eviction searches.
60% of maintenance requests are resolved at no cost to the owner. For minor repairs (see 'What's included in your free handyman repairs' FAQ for additional details). We will fix it at no cost.
If our in-house maintenance team is dispatched to the property, we bill at $85/hr, billed in increments of 15 minutes.
For any repairs requiring a specialist like a plumber or an electrician, we will coordinate and dispatch the appropriate vendor and bill you back for their services at no markup or additional cost to you.
We service the Twin Cities metro area. With a radius of about 25 miles from Minneapolis. If you're a little outside this boundry, we may still service your area, so please reach out to discuss.