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Sonia, 5 rentals
Services start at $40/month
Full transparency and control with your financials and Minnesota rental income
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Ask Tylor Johnson, who grew up in Delano, why he returned to Minnesota after living for a time in California and the answer is immediate: This is home. It’s a simple response, but spend a little more time talking to him and it’s quickly clear there’s nothing trite about it – he has a passion for Minnesota as a whole, and the Twin Cities in particul... See more
If you're looking for a city with a small-town feel that's close to the Twin Cities, Saint Paul is the perfect place for you. With a population of just over 300,000, Saint Paul is the capital of Minnesota and the state's second-largest city. Saint Paul is home to a number of great museums and attractions, as well as a thriving arts and culture scene. The city is also known for its strong sense of community, and there are plenty of great restaurants and shops to explore.
The average property management fee for rental properties range from 8% to 12% of the monthly rental income. For instance, if your rental property’s monthly rent is $2,000, the management fee would typically range from $160 to $240 per month. With a property management software, like Hemlane, you can manage your rentals for as little as $40/month.
Many property management firms typically charge a monthly fee ranging from 8% to 12% of the rent they collect. Some may charge less or more, but the average hovers around 10%.
A property management company is responsible for overseeing various aspects of rental properties on behalf of property owners. Their responsibilities generally include: marketing and advertising, screening potential tenants, drafting and renewing leases, tenant move-in and routine property inspections, tenant communication, rent collection, maintenance and repairs, and financial management. With Hemlane, you get 90% of what a property manager does at a fraction of the price. From advertising, maintenance coordination, rent processing, and eviction support.
A property management software are applications designed to assist landlords and property managers in automating their back-office tasks, financial operations and administrative procedures. This includes monitoring maintenance requests, document storage, providing an online tenant portal, processing rent payments, and more.
The main benefits of a property management softwares are to reduce costs and promote growth by automating the day-to-day administrative tasks. Here are some ways this is done: providing an easy way to monitor maintenance, streamlining accounting and payments, and automating tenant communication.