PROPERTY MANAGEMENT BLOG

A lot of landlords hesitate to hire a professional Minneapolis property management company because they worry about the cost. While it may seem like the monthly management fee is cutting into your ROI, it is actually doing the opposite. Professional management increases your earnings and decreases your expenses.Today, we’re explaini...

If you’re buying a home that you plan to occupy yourself, there are a lot of reasons that a home warranty would make sense. However, for investment properties, we always recommend that owners don’t buy a warranty. It rarely works out to be cost effective, and it will usually disrupt the timeliness and quality of your existing ...

When your tenant moves out of your Minneapolis rental property, there will be turnover repairs and costs that are required before a new tenant can move in. Who is responsible for those costs?It depends. While you can use your tenant’s security deposit to pay for clear and obvious damage to the home, you cannot charge the tenant for ...

In some parts of the country, renting out a home isn’t necessarily a seasonal activity. However, in Minneapolis, the rental market definitely has a busy season and a slow season. The timing is critical; when you rent your home out at the right time, you’ll earn more in rent and attract a larger pool of tenants.No One Wants to ...

Most people who own pets consider those pets to be part of the family, and no one is going to move into a new home without a beloved family member. When landlords ask if they should allow pets, we like to say yes. While we understand the anxieties that can come with having a pet in your investment property, there are things that can be do...

When it comes to choosing a place to invest in the Midwest, it’s hard to do better than Minneapolis.Whether you’re a new investor thinking about making your first purchase or you’re an experienced investor looking to grow your portfolio in new markets, we invite you to look closer at Minneapolis. There are some great inv...

Landlords are entitled to collect security deposits from tenants before they move in, to protect against any unpaid rent or property damage that’s left behind after move-out. It’s important to remember that the security deposit, while being held by you, is still the tenant’s money and cannot be spent during the course of...

Professional property management shouldn’t be viewed as a cost. It can actually help you earn more and spend less on your investment, especially when you work with an industry leader like RP Management. Today, we’re sharing a few of the things that set us apart from other management companies in the Minneapolis area.Profession...

When you get the news that you have to leave Minneapolis – either for work, family, or other responsibilities – you may wonder what you’ll be doing with your home. Some people will immediately sell it and be done with the obligations. Others, however, will want another option, especially if returning to Minneapolis is pa...

There are many different types of landlords in Minneapolis, just like there are many types of rental properties in Minneapolis. Each rental home needs different things, and every landlord also has his or her unique sets of requirements and expectations. Today, we’re focused on reluctant landlords and what they need to know before th...