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Property Management – Minneapolis St. Paul, MN

Real Estate and Property Management Services in the Twin Cities area

33rd Company® provides residential property management services in the Twin Cities Minneapolis & St. Paul Minnesota metropolitan area. We specialize in single family homes, and can rent your home quickly!

33rd Company® is a CRMC® Certified Management Company that has been providing asset management services since 1993.

We manage privately owned residential properties and have expanded our line of services to include full service Residential Property Management, Licensed Real Estate Brokerage, Real Estate Consulting Services and HOA Management.

News & Events

How to Market my Minneapolis Rental Home like a Property Management Company

Danny Morris - Thursday, January 15, 2015

Our blog topic today is how to market your rental property. Here at 33rd Company, we have been marketing rental homes for 20 years and we know that the goal of any marketing strategy should be to provide the maximum amount of exposure to get your home rented in the shortest amount of time.


For an outstanding marketing platform, you need everything from video tours to online brochures to online applications. You want to make it easy for potential renters to find your home. They need to be able to look at your advertisement or your brochure, understand the features based on the description and photos and then apply to rent the property. Automated showing appointments also help. This makes it easy for tenants to get an appointment to see the home and decide whether it’s a good fit.


Another important marketing tool is a syndicated feed.   When your listing shows up on 100’s of relevant rental sites, you know you are being seen by the broadest possible audience.  33rd Company uses an automated syndicated listing feed system that does just that.  Basically, we take your online brochure and publish it to multiple hundreds of websites. This includes both paid and free sites, and provides your property with one of the largest networking syndications available nationwide. Your listing will show up on hundreds of websites every day and that gets your home the exposure it needs to find that perfect tenant.   


Finally, when you’re marketing the property it’s important to make sure your home is rent ready. This means the carpet has to be clean and well maintained, and there have to be good features available and working at the property.  The exterior of the home should be rent ready as well including a well maintained yard, and landscaping.  A clean, immaculate home with nice landscaping will get rented quickly but if a home is lacking in areas or not clean, that property will not make anyone’s short list.


The goal of a great marketing strategy should be to get your home rented in record time and to the best possible tenant. Remember that a vacant home is not going to make you any money. If you need help with your marketing plans, please contact us at 33rd Company, and we’d be happy to help you get your property the exposure it needs to earn you successful cash flow.

Security Deposits 101: Minneapolis Property Management Advice

Danny Morris - Tuesday, January 06, 2015

 

 

Today we are talking about security deposits and the myriad of Local, State and Federal laws that are involved with rental properties.  At 33rd Company®, we know the laws.   Probably the biggest headache for Landlords is processing security deposit dispositions.   In Minnesota, there are statutory timeframes and deadlines as well as regulatory concerns that must be carefully followed by landlords. When you want to withhold part of a tenant’s security deposit, you’ll need evidence that includes pictures, summaries and reports. Documentation is critical when you’re making a disposition stick. Many property owners don’t realize that state laws are favorable to tenants and if you go to court, the burden of evidence is put on the landlord, not the tenant.   Most court cases in our experience usually reveal that the Landlord has violated the law, and there are penalties that may be applied for Landlords who do not strictly follow the statutes.


When you work with a property management company, you have access to professionals with a greater understanding of the laws, and how they are applied.    Such issues as how to define normal wear and tear sounds easy, but with no case law, this issue can be interpreted directly in different court rooms.   Case law would be at the appellate level or higher and come from a judge’s ruling. Without case law, district judges are making their own decisions on what wear and tear is, and that’s unfortunately variable.   So having experience and good documentation is critical.


Security deposit disputes can be painful and lead to court action as well as judgments. Our goal as property management professionals is to make sure we have our documentation correct and our owners protected. If we go to court, we win. We have never lost a dispute at 33rd Company because we won’t go to court unless we have solid documentation that proves our case.


Rock solid leases will also protect you with issues you might encounter with security deposits. Your lease will clearly state what is expected and what the obligations of the tenant are at the time of move out. You can stipulate that you want the carpets cleaned and you can address other types of cleaning and remuneration.  A well written lease will add to the legal solidity of your case if it goes to court.


33rd Company® has been successful with security deposit disputes because we are honest and ethical and we have excellent leases and documentation. Your goal is our goal – to succeed at taking care of your rental property and to maximize your cash flow.


If you have any questions or you need help with a specific security deposit issue, please contact us at 33rd Company, and we’d be happy to help you.

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33rd Company, Inc.®
1800 Wooddale Drive, Suite 100
Woodbury, MN 55125
(651) 777-5500
Fax: (651) 777-5501)

33rd Company, Inc.®
3240 East River Road NE
Rochester, MN 55906
(507) 933-4500
Fax: (507) 933-4501)

33rd Company KS, LLC
7301 West 129th St. Suite 100
Overland Park, KS 66213
Phone: (913)-220-2200
Fax: (913)-297-7300

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