Minneapolis Property Maintenance

Experts in property maintenance & renovation

Rental property maintenance is one of the biggest, most frequent expenses in investment real estate. Our maintenance department—Real-Time Property Services—is a wholly owned subsidiary and licensed General Contracting firm that provides services ranging from day-to-day maintenance to rehabbing and large-scale projects. Tenants can be hard on rental properties, but our approach to maintenance holds the tenant accountable for maintaining the condition of your rental property.

How Do We Handle Rental Property Maintenance?

When a tenant contacts us regarding maintenance, our first step is to troubleshoot the issue directly with the tenant. If we can resolve the issue on the phone with the tenant, there is no charge to either you or the tenant. This service is part of our monthly management fee.

If we determine that there is a maintenance issue and cannot resolve it over the phone, then we will dispatch a technician to resolve the issue.

In all cases, regardless of the type or cost of repair, you will receive a courtesy alert through our automated system to inform you of the maintenance issue.

Visit Real Time Property Services

Managing day-to-day maintenance of your rental property requires more than a handyman. It requires in-depth knowledge of the many aspects of rental repairs and the resources that only come from years of partnership and experience.

Because we are investors ourselves, we treat your property as we would our own, always evaluating property condition from a renter’s point of view. Preserving and maintaining the condition of your rental property is a critical piece of managing positive cash flow on your investment.

Many of our clients look to us when it’s time to rehab an existing rental property or newly acquired investment property. Allowing Real-Time Property Services to manage this important step helps ensure that the money you spend will add value to your rental property and maximize your return on investment.

For Tenants

If you are a current tenant looking to submit a repair request, please click below.

Submit Repair Request

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

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


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