Best Airbnb Property Management Companies in Sioux Falls, South Dakota

Turning your Sioux Falls property into a profitable rental shouldn't mean sacrificing your free time or peace of mind. The right property management partner can make all the difference between constant headaches and passive income. This guide cuts through the marketing hype to reveal what the leading Sioux Falls companies truly offer rental owners—from comprehensive services and pricing structures to the unfiltered pros and cons that matter most.

Top Property Management Companies in Sioux Falls

Luke Properties

Luke Properties combines deep local knowledge with extensive real estate expertise to deliver exceptional property management services in Sioux Falls. Their seasoned team excels at maximizing rental income while handling every aspect of property care, from tenant screening to maintenance, allowing investors to build wealth through strategic real estate decisions.

Luke Properties Features and Services

• Full-Service Property Management: Handles all aspects of property care, from tenant screening to maintenance, allowing owners to focus on other priorities.
• Real Estate Investment Opportunities: Provides guidance and solutions for property investors looking to expand their portfolio in the Sioux Falls area.
• Tenant Placement Services: Conducts thorough screening processes to find reliable, qualified tenants for your property.
• Maintenance Coordination: Manages all property repairs and maintenance issues promptly to keep properties in excellent condition.
• Outsourced Management for Owners: Delivers elite services specifically designed for high-quality property owners in the Sioux Falls market.

Why We Like Luke Properties

Luke Properties stands out by offering specialized management services designed specifically for "top-notch owners," providing a concierge-level experience that ensures property investments are handled with the highest standards of care and professionalism.

Luke Properties Pricing and Fees

Luke Properties offers elite property management services in Sioux Falls with a focus on high-quality properties. While their specific fee structure isn't publicly listed, they provide comprehensive management services including payment processing, financial reporting, maintenance coordination, and tenant placement. Based on historical accounts, expect management fees of around 8-10% of monthly rental income with potential tenant placement fees of approximately half to one month's rent.

Luke Properties Pros and Cons

Pros:

1. Consistent Returns: Multiple investors report receiving reliable monthly income "like clockwork," providing peace of mind for passive investors.
2. Long-Standing Experience: Operating since 2007, they've built a proven track record of helping investors develop multi-million dollar portfolios in Sioux Falls.
3. Professional Management: Clients consistently praise their professionalism and comprehensive property care, allowing owners to be completely hands-off.
4. Wealth Building Focus: They've helped numerous clients significantly increase their net worth through strategic real estate investments.

Cons:

• Limited Short-Term Rental Focus: Their expertise appears more concentrated on long-term rentals rather than vacation properties.
• Appointment-Only Office: Their by-appointment-only office setup may be inconvenient for owners wanting drop-in consultations.

Who We Think Luke Properties is Best Suitable for:

Luke Properties is ideal for serious long-term investors looking to build substantial wealth through rental properties in Sioux Falls, especially those wanting a completely hands-off investment experience with consistent returns and professional management.

Home Team Vacation Rentals

Home Team Vacation Rentals delivers full-service management for luxury properties across South Dakota. Their comprehensive approach covers everything from dynamic pricing and professional marketing to seamless guest experiences and regular maintenance. With strategic listings on major platforms like Airbnb and VRBO, they maximize visibility while handling all aspects of property care, allowing owners to enjoy passive income without the day-to-day hassles of rental management.

Home Team Vacation Rentals Features and Services

1. Full-Service Property Management: Delivers comprehensive management solutions for homeowners seeking a hands-off experience with their vacation rental.
2. Dynamic Pricing Strategy: Implements strategic pricing models that adjust to market conditions to maximize revenue potential.
3. Professional Marketing: Creates high-visibility listings across major booking platforms including Airbnb and VRBO to attract more guests.
4. Guest Experience Management: Handles all aspects of guest communication and service to ensure five-star reviews.
5. Regular Maintenance: Provides ongoing property care and immediate attention to repair needs to maintain property value.

Why We Like Home Team Vacation Rentals

Home Team offers a standout full-service real estate consulting solution that handles all aspects of launching a short-term rental investment, from market research and furnishing to listing the property on high-visibility booking channels and providing end-to-end property management.

Home Team Vacation Rentals Pricing and Fees

Home Team Property Management in Sioux Falls charges a one-time documentation preparation fee of $100 for lease preparation. For tenant placement, they require a non-refundable pet fee of $450 per pet plus $45 monthly pet rent per pet. They also offer a security deposit alternative through Rhino. Their management structure likely follows industry standards of 8-10% of monthly rent, with tenant placement fees around 50-100% of one month's rent based on comparable services in the area.

Home Team Vacation Rentals Pros and Cons

Pros:

• Nationwide Management Capabilities: They manage properties across the country, making them suitable for investors with multiple vacation rentals in different locations.
• Comprehensive Services: Their full-service package covers everything from professional photography to guest communication, cleaning, and maintenance.
• Revenue Optimization: They implement dynamic pricing strategies based on market trends to maximize rental income.
• Professional Cleaning: Their dedicated cleaning team follows strict protocols between guest stays, ensuring consistently positive reviews.

Cons:

• Pet Fee Structure: Their $450 non-refundable pet fee plus $45 monthly pet rent may deter some pet-owning guests.
• Documentation Fee: They charge a $100 documentation preparation fee for lease preparation.
• Limited Local Focus: As a nationwide company, they may lack the hyper-local expertise of Sioux Falls-specific managers.

Who We Think Home Team Vacation Rentals is Best Suitable for:

Home Team Vacation Rentals is perfect for luxury vacation property owners who want comprehensive management services with a focus on maximizing revenue through professional marketing, dynamic pricing, and exceptional guest experiences, especially those with properties in multiple locations.

Great Plains Property Management

Established in 2012, Great Plains Property Management brings professional expertise to Sioux Falls rental properties. Their dedicated seven-person team includes specialized property managers, maintenance specialists, and leasing agents who utilize their individual strengths to satisfy clients and create welcoming homes for tenants throughout the Sioux Falls area.

Great Plains Property Management Features and Services

1. Residential Property Management: Manages various housing types including apartments, townhomes, and single-family homes throughout Sioux Falls.
2. Specialized Team Approach: Employs seven dedicated staff members including property managers, maintenance specialists, and leasing agents who use their individual strengths to serve clients.
3. Short-Term Rental Management: Provides comprehensive services to make property ownership and short-term rental operations seamless.
4. Maintenance Services: Offers two full-time maintenance specialists to handle property repairs and upkeep promptly.
5. Tenant Placement: Utilizes residential leasing agents to find and screen quality tenants for managed properties.

Why We Like Great Plains Property Management

Great Plains stands out with their seven-person team that includes specialized property managers, maintenance specialists, and leasing agents who each utilize their individual strengths to satisfy clients and create welcoming homes for tenants throughout Sioux Falls.

Great Plains Property Management Pricing and Fees

Great Plains Property Management, established in 2012 in Sioux Falls, doesn't publicly list their fee structure. Based on comments and feedback, their management fees likely range from 7-10% of monthly rent collected. For their specialized team approach with dedicated property managers, maintenance specialists, and leasing agents, expect tenant placement fees around 50-75% of one month's rent, with potential additional fees for services like inspections and lease renewals.

Great Plains Property Management Pros and Cons

Pros:

• Specialized Team Approach: Their seven-person team includes dedicated property managers, maintenance specialists, and leasing agents with specific expertise.
• Local Experience: Established in 2012, they bring over a decade of Sioux Falls-specific property management knowledge.
• Full-Time Maintenance Staff: Two full-time maintenance specialists ensure prompt handling of property repairs and upkeep.
• Diverse Property Management: They manage various housing types from apartments to single-family homes throughout Sioux Falls.

Cons:

• Limited Online Presence: Their digital footprint is relatively small, making it difficult to assess client satisfaction.
• Unclear Fee Structure: Their website lacks transparency regarding management fees and pricing.

Who We Think Great Plains Property Management is Best Suitable for:

Great Plains Property Management is best suited for Sioux Falls property owners who value a team-based approach with specialized expertise in different aspects of property management, particularly those who prioritize prompt maintenance response and local market knowledge.

Lloyd Companies

With over five decades of property management experience, Lloyd Companies delivers custom-targeted solutions for various property types in Sioux Falls. Their specialized teams focus on different categories including luxury and market-rate properties, ensuring exceptional service for both owners and residents while maintaining high standards for maintenance, leasing, and financial management.

Lloyd Companies Features and Services

1. Specialized Management Teams: Employs dedicated teams focusing on different property categories including luxury and market-rate properties to ensure specialized expertise.
2. Commercial Property Management: Provides management services for office complexes and commercial properties, maintaining professional standards.
3. Residential Property Management: Manages various residential properties with a focus on creating community and improving quality of life.
4. Maintenance and Repair Services: Handles all aspects of property upkeep to preserve property value and tenant satisfaction.
5. Financial Management: Delivers detailed financial reporting and strategic oversight to optimize rental income and minimize expenses.

Why We Like Lloyd Companies

Lloyd Companies excels by providing specialized management teams for different property categories including luxury and market-rate properties, ensuring that each property type receives focused expertise and tailored management strategies for optimal performance.

Lloyd Companies Pricing and Fees

Lloyd Companies, a well-established property management firm in Sioux Falls with over 50 years of experience. Their commercial properties are typically leased on NNN (triple net) terms ranging from $14-$33.50 per square foot depending on location and property type. For residential management, industry standards in Sioux Falls suggest fees between 8-10% of monthly rent with tenant placement fees around 50-100% of one month's rent.

Lloyd Companies Pros and Cons

Pros:

• Award-Winning Reputation: They've been ranked #1 for apartment rentals in The Local Best survey for 20 consecutive years.
• Exceptional Tenant Satisfaction: They maintain a 4.7/5 average rating across nearly 800 Google reviews.
• Extensive Experience: With over 50 years in the business and 10,000+ apartments under management, they bring unmatched experience.
• Responsive Management: Tenants consistently praise their property managers for being kind, respectful, and timely in addressing concerns.

Cons:

• Significant Rent Increases: Some tenants report 20% rent increases, which could impact tenant retention.
• Corporate Structure: As a large company, some clients may find them less personalized than smaller firms.
• Mixed Reviews on Reside Properties: Their Reside-branded properties have received some negative feedback on Reddit.

Who We Think Lloyd Companies is Best Suitable for:

Lloyd Companies is ideal for property owners with larger multi-family buildings who want a well-established management company with proven systems, extensive resources, and a strong reputation for tenant satisfaction and property maintenance in the Sioux Falls market.

Solutions Property Management

Solutions Property Management operates with a true owner mentality, focusing on transparency, preventative maintenance, and asset management. Their streamlined processes and technology utilization deliver frequent reporting and exceptional service to both tenants and investors. Their family-owned approach ensures personalized attention to each managed property in Sioux Falls.

Solutions Property Management Features and Services

1. Residential Property Management: Manages properties in Sioux Falls, Hartford, Harrisburg, and Tea, providing comprehensive coverage of the greater Sioux Falls area.
2. Commercial Property Management: Offers specialized management services for commercial properties with unique needs and requirements.
3. Owner Portal Access: Provides property owners with convenient online access to important information and reports about their investments.
4. Transparent Communication: Maintains clear, consistent communication with both property owners and tenants to ensure satisfaction.
5. Preventative Maintenance: Takes a proactive approach to property care, addressing potential issues before they become costly problems.

Why We Like Solutions Property Management

Solutions Property Management distinguishes itself by operating with a true owner mentality, focusing on transparency, preventative maintenance, and asset management that treats each property as if it were their own investment.

Solutions Property Management Pricing and Fees

You can expect management fees between 8-10% of monthly rent collected. Their owner-mentality approach likely includes tenant placement fees of approximately 50-100% of one month's rent, with potential additional fees for services like inspections, maintenance coordination, and lease renewals depending on the specific management package selected.

Solutions Property Management Pros and Cons

Pros:

• Owner Mentality Approach: They operate with a true owner perspective, treating each property as if it were their own investment.
• Regional Coverage: They manage properties throughout Sioux Falls and surrounding communities including Hartford, Harrisburg, and Tea.
• Transparent Communication: They maintain clear, consistent communication with both property owners and tenants.
• Preventative Maintenance Focus: Their proactive approach to property care helps prevent costly problems before they develop.

Cons:

• Limited Online Reviews: There are relatively few public reviews available to assess client satisfaction.
• Team Size Concerns: As a smaller company, they may have limited staff resources during peak demand periods.
• Limited Short-Term Rental Focus: Their expertise appears more concentrated on long-term rentals rather than vacation properties.

Who We Think Solutions Property Management is Best Suitable for:

Solutions Property Management is best suited for property owners in the greater Sioux Falls area who value transparent communication, preventative maintenance, and a management company that truly thinks like an owner, particularly those with properties in surrounding communities like Hartford and Harrisburg.

Stay605

Stay605 specializes exclusively in short-term rental management throughout Sioux Falls and surrounding areas. As recognized top Airbnb hosts in South Dakota, their comprehensive services include guest experience management, dynamic pricing, maintenance, and technology integration. Their percentage-based pricing model aligns their success directly with property performance.

Stay605 Features and Services

1. Percentage-Based Pricing: Aligns the company's success directly with property performance, creating a mutually beneficial relationship with owners.
2. Dynamic Guest Pricing: Implements strategic pricing adjustments based on market conditions, seasons, and local events to maximize revenue.
3. Furnished Property Make-Ready: Prepares properties with appropriate furnishings and amenities to appeal to short-term guests.
4. Guest Services & Hospitality: Provides exceptional guest experiences with a focus on hospitality and local knowledge.
5. Owner Portal Access: Offers convenient online access to property performance data, financial reports, and booking information.

Why We Like Stay605

Stay605 excels with their comprehensive investment maximization approach that combines dynamic guest pricing, strategic marketing, and hospitality excellence to ensure property owners achieve the highest possible returns on their short-term rental investments.

Stay605 Pricing and Fees

Stay605, specializing in short-term rental management in Sioux Falls, operates on a percentage-based pricing model that aligns their success with property performance. While specific percentages vary depending on your needs, they typically charge between 15-25% of rental income. Their comprehensive services include dynamic guest pricing, furnished property preparation, guest services, and owner portal access, with no indication of additional hidden fees beyond the percentage-based structure.

Stay605 Pros and Cons

Pros:

• Short-Term Rental Specialization: They focus exclusively on short-term rental management throughout Sioux Falls.
• Exceptional Guest Ratings: With an average 4.96/5 star rating as of February 2023, they consistently deliver outstanding guest experiences.
• Recognition as Top Hosts: They were named 2022 Top Host in South Dakota, demonstrating their expertise.
• Alignment with Owner Success: Their percentage-based pricing model ensures their interests align with maximizing property performance.

Cons:

1. Limited Long-Term Rental Experience: Their exclusive focus on short-term rentals means they lack expertise in traditional leasing.
2. Undisclosed Fee Percentage: While they use percentage-based pricing, the specific rate isn't publicly disclosed.
3. Relatively New Company: As a newer company, they have less of a long-term track record than some competitors.

Who We Think Stay605 is Best Suitable for:

Stay605 is perfect for Sioux Falls property owners focused exclusively on short-term rentals who want specialized expertise, exceptional guest experiences, and a management partner recognized for excellence in the Airbnb and vacation rental space.

SoDak Stays

Founded in 2021 by Albert and Kayla, SoDak Stays has quickly established itself as a trusted property management partner in Sioux Falls. This dynamic duo combines Albert's real estate expertise with Kayla's focus on exceptional guest experiences to deliver personalized service with authentic Midwest hospitality. Their comprehensive management approach handles everything from marketing to guest communications, making property ownership truly hassle-free while showcasing the best of South Dakota to visitors year-round.

SoDak Stays Features and Services

1. Full-Service Property Management: Handles all aspects of rental management from marketing to guest communications, freeing owners from day-to-day operations.
2. Guest Experience Focus: Creates personalized, five-star experiences for guests that showcase the best of South Dakota hospitality.
3. Strategic Pricing & Revenue Optimization: Implements data-driven pricing strategies to maximize property revenue throughout the year.
4. Property Preparation: Ensures properties are guest-ready with professional photography and thoughtfully selected amenities.
5. One-on-One Coaching: Offers personalized guidance for aspiring rental owners on property evaluation, guest communication, and legal requirements.

Why We Like SoDak Stays

SoDak Stays offers a unique one-on-one coaching program for aspiring rental owners, providing expert guidance through property evaluation, guest communication strategies, and legal requirements that helps new investors navigate the short-term rental market with confidence.

SoDak Stays Pricing and Fees

SoDak Stays offers full-service short-term rental management in Sioux Falls with a clear and straightforward pricing structure. While the specific fees vary, they range anywhere from 15-25% of rental income, depending on your specific rental needs. Their comprehensive services include guest experience management, property management, and strategic pricing optimization. Their services include complete turnover management, professional photography, strategic marketing across multiple platforms, and detailed financial reporting. They also offer personalized 1-on-1 coaching for aspiring rental owners, which may involve additional consultation fees.

SoDak Stays Pros and Cons

Pros:

1. Personalized Service: Founded by a husband-wife team, they offer personalized attention and authentic Midwest hospitality.
2. Comprehensive Reporting: They provide detailed financial reports and guest reviews to help owners understand property performance.
3. Strategic Pricing: Their data-driven pricing strategies maximize property revenue throughout the year.
4. Coaching Services: They offer one-on-one coaching for aspiring rental owners on property evaluation and legal requirements.

Cons:

1. Relatively New Company: Founded in 2021, they have less historical performance data than more established companies.
2. Small Team Size: As a boutique operation, they may have capacity limitations during peak seasons.
3. Limited Long-Term Rental Focus: Their expertise is primarily in short-term rentals rather than traditional leasing.

Who We Think SoDak Stays is Best Suitable for:

SoDak Stays is ideal for Sioux Falls property owners who value personalized service and authentic local expertise, particularly new investors who would benefit from their coaching services and those who appreciate a boutique management approach with genuine Midwest hospitality.

Real Property Management Express

Real Property Management Express delivers comprehensive services exclusively focused on property management across South Dakota and Iowa. Their experienced team handles everything from marketing and tenant screening to maintenance and inspections. With specialized expertise in both small residential properties and major multi-family complexes, they provide peace of mind for investors of all sizes.

Real Property Management Features and Services

1. Small Residential Property Management: Specializes in managing properties with 1-99 units, providing personalized attention to individual investors.
2. Major Multi-family Management: Offers extensive experience managing larger complexes with 100-500+ units, providing specialized solutions for bigger properties.
3. Maintenance Coordination: Handles all property repairs and maintenance issues to keep properties in excellent condition.
4. Marketing Services: Creates effective property listings and advertising to attract qualified tenants quickly.
5. Tenant Placement: Conducts thorough screening processes to find reliable, qualified tenants for managed properties.

Why We Like Real Property Management

Real Property Management stands out by offering clearly defined management solutions for both small residential properties (1-99 units) and major multi-family complexes (100-500+ units), making them uniquely positioned to serve investors at any scale with appropriate expertise.

Real Property Management Pricing and Fees

Real Property Management offers several pricing tiers in the Sioux Falls area. Their tenant placement fee is 100% of the first month's rent. Their management fees typically range from 8-10% of monthly rent (with a minimum of $100-125 per month). They may offer additional services like rent payment protection, eviction protection, and preventative maintenance reviews for around $115 per month. Some locations also charge an onboarding fee of $199-299 when starting service.

Real Property Management Pros and Cons

Pros:

1. Scalable Solutions: They offer clearly defined management solutions for properties ranging from single units to 500+ unit complexes.
2. Geographic Coverage: They serve multiple South Dakota communities including Sioux Falls, Brandon, Pierre, and Rapid City.
3. Comprehensive Services: Their services include marketing, tenant screening, maintenance coordination, and financial reporting.
4. Established Brand: As part of a national franchise, they bring standardized systems and processes to property management.

Cons:

1. Mixed Customer Reviews: Recent reviews show significant variation in customer satisfaction, including a 1-star review from February 2025.
2. Maintenance Response Issues: Some tenants report lengthy delays in addressing maintenance requests, including a 6-week wait for a plumbing issue.
3. Additional Fees: They charge a "high risk fee" of $125 monthly for certain tenant situations, which some renters find excessive.

Who We Think Real Property Management is Best Suitable for:

Real Property Management is best suited for investors with diverse property portfolios across multiple South Dakota communities who value standardized management systems and the resources of a national brand, particularly those with both small residential properties and larger multi-family complexes.

Wrapping Things Up

The right property manager can transform your rental from a time-consuming burden into a profitable investment. Each company in Sioux Falls brings unique strengths to the table. Consider your specific needs, property type, and management style preferences before making this crucial business partnership decision. Your perfect match awaits in this diverse landscape of local expertise.