Best Airbnb Property Management Companies in Minneapolis, Minnesota

Minneapolis's Airbnb market has grown significantly, creating a need for professional local property management. Here are the top 10 local companies that have established themselves as reliable partners for Airbnb hosts in the Minneapolis area.

Top 10 Airbnb Management Companies in Minneapolis

Minnestay

A standout local player with over 45 years of combined property management experience. Their skilled revenue management team uses analytical tools to monitor competitor pricing and market demand, consistently generating higher returns for property owners. Their 24/7 local support and dedication to guest satisfaction have earned them thousands of 5-star reviews.

Minnestay Features and Services

• 24/7 Local Support Team: A dedicated team with 45 years of combined property management experience handles all guest communications and emergencies. Their round-the-clock availability ensures immediate response to any property issues.
• Revenue Management System: Advanced analytical tools monitor competitor pricing and market demand to optimize nightly rates. The system adjusts prices based on seasonality and local events to maximize returns.
• Unlimited Owner Access: Property owners can block off dates through a user-friendly owner portal without restrictions. The portal provides real-time access to statements, invoices, and maintenance records.

Why We Like Minnestay

Their proprietary revenue management system stands out by combining local market expertise with data-driven pricing strategies, consistently generating higher returns for property owners while maintaining competitive rates in the Minneapolis market.

Minnestay Pricing and Fees

Minnestay operates on a straightforward 12% commission structure of the total booking revenue, excluding cleaning fees. For owner referral bookings, they offer flexible options: no commission for friend/family stays with only cleaning fees charged, or a $50 flat fee plus cleaning for managed friend/family stays. Owner stays are only charged an hourly cleaning rate.

Minnestay Pros and Cons

Pros:

• Revenue management team with 45+ years of combined experience, consistently generating higher returns through analytical tools and market expertise
• Comprehensive local maintenance network with 24/7 support, ensuring quick response times for property issues
• Flexible owner portal allowing unlimited date blocking without restrictions, giving owners more control over their property

Cons:

• Higher commission rate at 12% compared to some local competitors, though this includes comprehensive services
• Limited coverage outside Minneapolis metro area, which may affect multi-property owners
• Strict property standards may require significant initial investment to meet their requirements

Who We Think Minnestay is Best Suitable For:

Minnestay is ideal for premium property owners in Minneapolis who prioritize hands-off management and are willing to pay slightly higher fees for comprehensive service and proven revenue optimization strategies. Their approach particularly suits owners of high-end properties in prime Minneapolis locations who want to maintain luxury standards.

Bungalow Boss Rentals

This boutique management company takes a personalized approach to property management, focusing on quality over quantity. Their creative design strategies and attention to detail have helped properties stand out in the competitive Minneapolis market. Their hands-on local team ensures properties maintain high standards year-round.

Bungalow Boss Rentals Features and Services

1. Creative Design Strategy: Custom branding and marketing approach tailored to target specific guest demographics. Their team creates unique property positioning to stand out in the Minneapolis market.
2. Guest Management: Comprehensive booking management system handling all inquiries, payments, and reservations. Their team manages the entire guest journey from initial contact through checkout.
3. Supply Management: Complete inventory control and ordering system for property supplies and amenities. They handle all restocking and maintenance of property supplies to ensure guest satisfaction.

Why We Like Bungalow Boss Rentals

Their design-first approach to property management includes creating unique branding strategies for each property, helping them stand out in the competitive Minneapolis market while attracting ideal guest demographics.

Bungalow Boss Rentals Pricing and Fees

Based on current market standards in Minneapolis, Bungalow Boss Rentals charges between 25-30% of monthly revenue, which includes their full-service management package. This fee structure encompasses their creative design strategy, guest management, and supply management services.

Bungalow Boss Rentals Pros and Cons

Pros:

• Specialized creative design strategies that help properties stand out in the Minneapolis market
• Boutique management approach with personalized attention to each property
• Strong local market positioning and marketing expertise

Cons:

• Higher management fees (25-30%) compared to other local options
• Limited portfolio size may mean less booking volume
• More selective about property acceptance, which could delay onboarding

Who We Think Bungalow Boss Rentals is Best Suitable For:

Bungalow Boss Rentals is best suited for owners of unique or character properties in Minneapolis who want a more personalized management approach and are willing to invest in creative marketing strategies to differentiate their properties in the market.

DayAway Vacation Rentals

A Minnesota-based team that specializes in creating passive income streams for property owners. Their comprehensive approach covers everything from guest communications to pricing strategy development. Their local expertise and focus on guest satisfaction have earned them strong reviews from property owners.

DayAway Vacation Rentals Features and Services

1. Passive Income Generation: Full-service management system designed to create hands-off income for property owners. Their team handles all aspects of property management, from guest communication to maintenance coordination.
2. Customized Management Packages: Flexible service packages tailored to meet specific owner goals and needs. Their approach allows property owners to choose the level of service that best fits their requirements.
3. Short-term Rental Data Research: Comprehensive market analysis and data-driven decision making for property optimization. Their research helps inform pricing strategies and property improvements.

Why We Like DayAway

Their customizable management packages allow property owners to select specific services they need, providing flexibility and cost-effectiveness while maintaining professional management standards.

DayAway Vacation Rentals Pricing and Fees

DayAway offers customized management packages with fees typically ranging from 15-25% of monthly revenue. Their pricing structure is designed to be flexible, allowing property owners to select specific services based on their needs. The company focuses on creating passive income streams for owners while handling all aspects of property management.

DayAway Vacation Rentals Pros and Cons

Pros:

• Customizable management packages allowing flexibility in service selection
• Strong focus on creating passive income streams through hands-off management
• Comprehensive market analysis and data-driven decision making

Cons:

• Newer to the Minneapolis market compared to other established managers
• Variable pricing structure (15-25%) can make costs unpredictable
• Limited track record in winter season management

Who We Think DayAway Vacation Rentals is Best Suitable For:

DayAway Vacation Rentals is ideal for Minneapolis property owners who want flexibility in their management arrangement and appreciate a data-driven approach to property optimization. They're particularly well-suited for owners who prefer to customize their service package rather than accepting a one-size-fits-all solution.

Haustay Vacation Rentals

Known for their superior market positioning and revenue optimization strategies. Their professional team excels at setting up properties for short-term rental success, with particular attention to marketing and property presentation. Property owners consistently praise their detailed approach and communication.

Haustay Vacation Rentals Features and Services

1. Dynamic Pricing Engine: Advanced vacancy calendar and reservation system that optimizes pricing based on market conditions. Their system adjusts rates in real-time to maximize occupancy and revenue.
2. Guest Screening Process: Thorough vetting system to ensure guest profiles match property requirements. Their screening process helps maintain property standards and prevent potential issues.
3. Financial Management: Comprehensive system for handling rental payments, security deposits, and vendor payments. Monthly distribution statements and ACH transfers are processed by the 10th of each month.

Why We Like Haustay

Their sophisticated guest screening process combines with dynamic pricing to ensure properties attract quality guests while maintaining optimal revenue levels.

Haustay Vacation Rentals Pricing and Fees

Haustay implements a dynamic fee structure starting at 20% of total revenue. Their pricing includes comprehensive services such as their dynamic pricing engine, guest screening process, and financial management. Additional fees may apply for specialized services or maintenance requirements.

Haustay Vacation Rentals Pros and Cons

Pros:

• Strong track record with over 1,700 reviews and Superhost status, demonstrating consistent quality service
• Quick response times for maintenance issues and property concerns, with detailed communication to owners
• Comprehensive property analysis and revenue optimization strategies that help maximize returns

Cons:

• Some guests report issues with early check-in fees and pricing transparency
• Limited coverage in Minneapolis area compared to other markets
• Variable pricing structure that may affect overall costs

Who We Think Haustay Vacation Rentals is Best Suitable For:

Haustay is ideal for property owners who prioritize attentive management and detailed communication. Their approach particularly suits owners transitioning from larger management companies who want more personalized attention and consistent property maintenance standards.

Summer Property Management

Specializing in Minneapolis's unique seasonal market, they've developed expertise in managing properties through both peak summer seasons and winter months. Their understanding of local market dynamics and guest preferences helps maximize occupancy rates throughout the year.

Summer Property Management Features and Services

1. Seasonal Strategy: Specialized management approach focusing on Minneapolis's unique seasonal market dynamics. Their system adapts to both peak summer tourism and winter occupancy challenges.
2. Commercial Property Expertise: Professional management experience in handling both residential and commercial properties. Their team brings commercial-grade property management standards to short-term rentals.
3. Local Market Focus: Deep understanding of Minneapolis metropolitan area property management requirements. Their expertise in local regulations and market conditions ensures compliance and optimal performance.

Why We Like Summer Property Management

Their specialized seasonal management strategy helps properties maintain consistent occupancy rates throughout Minneapolis's varying tourism seasons, with particular expertise in winter market optimization.

Summer Property Management Pricing and Fees

Summer's management fees start at 20% of booking revenue, calculated without including cleaning fees. This pricing approach typically results in lower overall costs compared to competitors who include cleaning fees in their commission calculations. For example, on $100,000 annual revenue with $10,000 in cleaning fees, the fee would only apply to the $90,000 in earnings.

Summer Property Management Pros and Cons

Pros:

• Specialized expertise in Minneapolis's seasonal market fluctuations
• Strong understanding of local regulations and licensing requirements
• Effective pricing strategies that exclude cleaning fees from commission calculations

Cons:

1. Higher management fee starting at 20% of booking revenue
2. Limited track record compared to some competitors
3. Seasonal focus may affect year-round performance

Who We Think Summer Property Management is Best Suitable For:

Summer Property Management is best suited for owners of properties in Minneapolis's prime tourist areas who want to maximize seasonal opportunities and need expertise in navigating the city's distinct summer and winter rental patterns.

Rhome Rental & Home Management

A comprehensive property management solution with over 2 years of experience in the Minneapolis market. Their team excels in maximizing earning potential through detailed rental analysis and market-driven improvements. They offer both tenant placement and daily management services, with fees ranging from 8-12% of monthly rent.

Rhome Rental & Home Management Features and Services

1. 24/7 Customer Support: Round-the-clock assistance for property owners and guests with dedicated local team members. Their support system ensures immediate response to any property-related issues.
2. Tenant Screening System: Comprehensive screening process for all potential guests to ensure property protection. Their system includes background checks and rental history verification.
3. Financial Management: Complete accounting services including monthly financial reporting and tax filings where applicable. The system handles all rent collections and maintenance payments.

Why We Like Rhome

Their integration with Associa, America's largest HOA management company, provides unique advantages in managing properties within homeowners associations while maintaining compliance with local regulations.

Rhome Rental & Home Management Pricing and Fees

Rhome's fee structure ranges from 8-12% of monthly revenue for their property management services. This includes their 24/7 customer support, tenant screening system, and comprehensive financial management services.

Rhome Rental & Home Management Pros and Cons

Pros:

1. Competitive fee structure ranging from 8-12% of monthly revenue6
2. Comprehensive management solutions for both residential and commercial properties
3. Strong local presence with established maintenance networks

Cons:

1. Relatively new to the market with only 2+ years of experience
2. Limited portfolio size may affect booking volume
3. Setup fee of $185 adds to initial costs

Who We Think Rhome Rental & Home Management is Best Suitable For:

Rhome is ideal for property owners seeking cost-effective management solutions with lower commission rates. Their service particularly suits owners who want a balance between professional management and reasonable fees, especially those new to the short-term rental market.

EIG Property Management

A leading Minneapolis property management company known for quick maintenance response times and professional service. Their team demonstrates strong expertise in tenant relations and property upkeep, earning positive reviews for their prompt communication and understanding approach.

EIG Property Management Features and Services

1. Efficient Management Systems: Streamlined property management processes that enable competitive rates in the Minneapolis market. Their systems handle all aspects of property management with proven efficiency.
2. Professional Maintenance: Dedicated maintenance team providing timely response to property issues. Their staff ensures properties are well-maintained year-round.
3. Responsive Communication: Regular email updates and communication system keeping owners informed about their properties. Their team maintains consistent contact during regular business hours.

Why We Like EIG

Their systematic approach to property management creates efficiencies that allow them to offer competitive rates while maintaining high service standards.

EIG Property Management Pricing and Fees

EIG Property Management's fees typically fall within the 20-25% range of monthly revenue, covering their efficient management systems, professional maintenance, and responsive communication services.

EIG Property Management Pros and Cons

Pros:

1. Competitive pricing structure with fees ranging from 20-25% of monthly revenue
2. Strong local presence in Minneapolis with established maintenance networks
3. Quick response times for property maintenance issues

Cons:

1. Multiple negative reviews about property cleanliness and maintenance standards
2. Poor communication with property owners reported by multiple sources
3. Inconsistent service quality across different properties

Who We Think EIG Property Management is Best Suitable For:

EIG Property Management is best suited for budget-conscious property owners who prioritize local market presence over premium service quality, particularly those with properties in Minneapolis's more affordable neighborhoods.

SkyRun Vacation Rentals

A full-service vacation rental manager combining local ownership with national resources. Their proprietary SkyTrax software helps optimize property performance, while their local expertise ensures personalized service. They handle everything from listing optimization to 24/7 guest support.

SkyRun Vacation Rentals Features and Services

1. SkyTrax Software: Proprietary management platform for monitoring property performance and managing reservations. The system provides real-time insights and booking management.
2. Multi-Platform Marketing: Comprehensive listing management across 65+ booking platforms including Airbnb and Vrbo. Their marketing strategy ensures maximum property visibility.
3. Dynamic Pricing System: Advanced algorithms for real-time rate adjustments based on market conditions. The system optimizes revenue through strategic pricing.

Why We Like SkyRun

Their proprietary SkyTrax software platform combines local market expertise with sophisticated technology to optimize property performance and streamline management operations.

SkyRun Vacation Rentals Pricing and Fees

SkyRun's commission structure starts at 15% of total booking revenue, with rates varying based on property location and service requirements. Their pricing includes access to their proprietary SkyTrax software, multi-platform marketing across 65+ booking sites, and dynamic pricing system.

SkyRun Vacation Rentals Pros and Cons

Pros:

1. Comprehensive marketing across 65+ booking platforms
2. Proprietary SkyTrax software for property management
3. Strong dynamic pricing system that adapts to market conditions

Cons:

1. Inconsistent service quality due to franchise model
2. Limited interior design and furnishing support
3. No tax collection and remittance services

Who We Think SkyRun Vacation Rentals is Best Suitable For:

SkyRun is ideal for property owners who want access to sophisticated booking technology and wide marketing reach while maintaining a connection with local property managers.

Air Concierge

A boutique-style management company offering both full-service and half-service options. Their Zero Party & Good Neighbor Policy ensures responsible guest screening, while their revenue optimization strategies typically generate 10-40% more earnings than owner-managed properties.

Air Concierge Features and Services

1. Zero Party Policy: Strict guest screening system ensuring responsible occupancy and property protection. Their policy helps maintain property standards and prevent issues.
2. Dual Service Options: Flexible management packages offering both full-service and half-service options. Their approach allows owners to choose the level of support needed.
3. Revenue Optimization: Advanced pricing strategies that typically generate 10-40% more earnings than owner-managed properties. Their system continuously monitors market conditions.

Why We Like Air Concierge

Their boutique approach to property management combines flexible service options with sophisticated revenue optimization strategies, allowing for customized management solutions.

Air Concierge Pricing and Fees

Air Concierge offers a tiered pricing structure: 18-20% for luxury properties and 22-25% for regular short-term rentals, with rates varying based on contract length (three-month vs. one-year contracts). Their dual service options include both full-service and half-service packages.

Air Concierge Pros and Cons

Pros:

1. Properties typically earn 10-40% more than owner-managed rentals
2. Zero Party & Good Neighbor Policy for guest screening
3. Flexible service packages with full and half-service options

Cons:

1. High base fee of 25% plus additional hidden charges
2. Difficult communication reported by property owners
3. Strict contract terms with hefty early-termination fees

Who We Think Air Concierge is Best Suitable For:

Air Concierge is best suited for luxury property owners who want boutique-style management services and are willing to pay premium rates for potentially higher returns.

HomeTeam Vacation Rentals

A specialized management company focusing on luxury vacation homes in Minnesota. They utilize advanced technology for pricing optimization and marketing strategies, offering comprehensive property management services with strong attention to detail.

HomeTeam Vacation Rentals Features and Services

• Luxury Property Focus: Specialized management approach for high-end vacation properties. Their team ensures premium guest experiences and property maintenance.
• Tech-Driven Management: Advanced technology integration for pricing, marketing, and guest experience optimization. Their systems ensure efficient property operations.
• Comprehensive Marketing: Multi-platform listing optimization across major booking sites. Their strategy includes search engine optimization and platform-specific content.

Why We Like HomeTeam

Their focus on luxury properties combined with advanced technology integration creates a premium management experience for high-end vacation rentals in Minneapolis.

HomeTeam Vacation Rentals Pricing and Fees

HomeTeam Vacation Rentals charges between 25-35% of monthly revenue for their comprehensive management services, which includes their tech-driven management approach, luxury property focus, and comprehensive marketing strategies.

HomeTeam Vacation Rentals Pros and Cons

Pros:

1. Specialized focus on luxury vacation properties
2. Advanced technology integration for property management
3. Comprehensive marketing across major booking platforms

Cons:

1. Higher management fees (25-35% of monthly revenue)
2. Limited market presence compared to larger companies
3. More selective about property acceptance

Who We Think HomeTeam Vacation Rentals is Best Suitable For:

HomeTeam Vacation Rentals is ideal for owners of high-end properties who want premium management services and are willing to invest in quality marketing and guest experience.

Wrapping Things Up

When selecting a property manager in Minneapolis, consider your specific needs, property type, and management style preferences. While some companies excel in luxury properties, others offer more competitive rates for standard rentals. Remember to thoroughly review contracts, understand fee structures, and verify local market expertise before making your decision. The right partnership can significantly impact your short-term rental success in the Minneapolis market.