About Us

Not all property management companies are alike. Providing top-notch residential property management services since 2001, Real-Time Leasing understands that effective communication is key. That’s why we use cutting-edge software, allowing us to communicate with tenants and owners through a secure online portal. Our clients include both investors and homeowners, and their personal addresses span the globe. Thus, this emphasis on real-time communication is a vital aspect of our business.

Beyond day-to-day property management, Real-Time Leasing is also available to consult with you (at no cost) before you buy an investment property. We offer input on property condition and marketability, ever mindful of the real estate trends and your individual investment strategy. Our goal is to add value to your investment portfolio. We partner with you and your real estate agent to find the right rental properties for your portfolio. While agents are experienced in selling properties, some don’t have experience in the rental market. Seeking input from us on property management in the Minneapolis area will ensure that your decision is an educated one.

Minneapolis Property Management Blog

Are You Ready To Invest In Alternate Markets?

Web Admin - Wednesday, January 28, 2015

Considering real estate investment in Minneapolis?  The Minneapolis, St. Paul rental markets are prime for investors on any scale. Here are just a few of the highlights that make these markets some of the most desirable when it comes to rental property investment.


Untapped alternate markets can be a gold mine for CAP rate
Mass influx of out-of-state investors has not occurred in these markets, hence pricing is still very competitive
Higher amounts of non-distressed and distressed inventory than what’s available today in main-stream markets
Higher than average rent rates (MSP/STP averages 33% higher rent rate than the national average)
Wider variety of property types(SFH, TH, Multi-units/brownstones) all with strong CAP rates

Recipe for Success!
Each market is different…what works in 1 market may not work in another market
Make sure you have a business plan in place for each market
Partner with your Property Manager to validate your business plan
Your business plan should include (but not limited to)
o Neighborhoods
o Property types
o Price ranges
o Rehab expenses
o Rent ranges
o CAP rate goals
o Short term/long term growth and exit strategies

Regulation? Not to worry!
Consult with an expert Property Manager and leverage their expertise BEFORE writing a purchase agreement!
Definitions and requirements for a sale transaction are not the same for renting out a property
You need and expert to consult on the following:
Seller disclosure statements
Truth-in-housing requirements
City/State housing regulations
Tenant/Rental statutes
HOA bi-laws
Habitability code
Rental licensing requirements by city
Building/Property status (VBR, Cat. 2 etc)
City assessments

Speed-to-Market
Hire a Property Manager that can execute with speed while being compliant with city/state requirements
Hire the wrong Property Manager and it can cost you time and more importantly money!
Make sure your Property Manager has your best interest in mind. Pay attention to their fee structure….does it drive toward your success or theirs, or both?
Hire a full-service Property Management Company!
o Everyone says they are full-service…make sure they really are!
o Special assessments on a property can be worked through and in some cases, negotiated or waived…..if you hire the right company to do it for you
o Hire a Property Manager who is a Licensed GC. If you hire a 3rd party contractor to perform rehabs/ready-to-rent repairs, this will add time to the equation
Make sure your Property Manager is connected and has established relationships
o City Inspectors
o Rental License Inspectors
o Section 8 Inspectors
o Real Estate Offices
o Peers/Competitors
Make sure they are accredited/have credentials
o Licensed Real Estate Broker
o NARPM members (local/national)
o BBB accredited

Contact Us

Real-Time Leasing
4490 Erin Drive
Eagan, MN 55122

952.808.9700

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