Owners FAQ
General Q&A
We specialize and focus on only single family homes and small multi-unit residential properties.
We service Minneapolis & Saint Paul and the surrounding metro area. As a general rule of thumb, we service areas about 25 miles out from downtown Minnneapolis. If you’re unsure whether or not we service your area, feel free to reach out.
- We are are property owners ourselves, and treat every tenant, and every property, as if it was our investment.
- We specialize in property management services, and don’t use property management as a sales funnel for selling real estate
- Our pricing structure is built around aligned incentives. So when you do better, so do we.
- We don’t charge any hidden fees
We focus on doing one thing, and doing it well, and that is property management. Given a lot of clients are also investors, we do offer discounted real estate buying and selling services to existing clients only.
We offer after-hour emergency maintenance services for self-managing landlords. Between the hours of 10pm-6am Monday through Friday and on weekends. This service is meant to coordinate emergencies, such as lockouts, not for general maintenance inquiries.
When it’s time to resign the lease, it will need to be with our lease agreement.
Yes, absolutely. Our pricing detailed on our website is for one property. If you own 2 or more properties, we can provide custom pricing for you.
No.
Landlord Onboarding
You’ll need to sign our Property Management Agreement, and fill out the Owner Onboarding Form.
Yes, we do. It’s a one time $300 fee.
- Property management is 8-12% of rent (no tenant placement fees if choosing ECR for ongoing management services)
- Tenant Placement only is 1 months rent
- After-hours emergency maintenance starts at $59.99/mo
Leasing
12 months.
Yes. But if they are not a current resident at the time of partnering with ECR to manage your property, it needs to be on our lease.
We conduct a professional rental analysis using local data, industry expertise, and market trends to price your home balance the need to reduce vacancy time while maximizing rent. We do weekly analysis of each property to update accordingly as well.
No.
We combine the use of technology and human review in every application. Our application process includes:
- Income verification
- Employment verification
- Nationwide Background Check
- Sex offender Search
- Referenace Check
We strongly advise that you allow pets at your property, but this decision is up to you. If you decide to allow pets, we charge a $300 non-refundable fee, credited to you, and a monthly pet fee of $25/mo per pet
Yes.
Rent Collection
We disburse rent to owners on the 10th of every month.
Automatically via ACH into your checking or savings account.
Maintenance & Repairs
No. We do not add the typical 10%-20% surcharge on maintenance when hiring external vendors to perform maintenance or repairs.
Yes. We perform property inspections every 180 days at no additional cost.
Anything over $300 requires owner approval.
We combine the use of technology and human review in every application. Our application process includes:
- Income verification
- Employment verification
- Nationwide Background Check
- Sex offender Search
- Referenace Check
Free Rental Analysis
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As your Minneapolis Residential Property Manager Partner