Minneapolis, MN · Property Management
Property Management in Minneapolis, by the numbers.
The Census Bureau counted 762 residential property managers in the Minneapolis-St. Paul-Bloomington, MN-WI Metro Area in 2023, employing 8,902 people with $482.4 million in annual payroll.
The local market.
Census Bureau, County Business Patterns 2023. Figures cover the whole metro area.
762
18th most of 385 US metro areas
8,902
11.7 per business, against 9.1 across all metros
$482.4 million
$54,191 per employee
79%
of businesses, against 85% across all metros
+8.5%
in the number of businesses (702 in 2022)
What the numbers say about Minneapolis.
- Minneapolis is in the top tenth of US metro areas by number of residential property managers, 18th of 385.
- Businesses here run larger than average: 11.7 employees each, against 9.1 across all metros.
- Pay runs below the metro average: $54,191 per employee a year, against $59,712.
- The market grew: 60 more businesses than in 2022.
How VERA helps property management in Minneapolis.
The same product everywhere. It prepares the work and waits for your approval before anything goes out.
Acknowledge every maintenance request in minutes
VERA drafts the tenant reply, the vendor dispatch with unit and access details, and the owner heads-up, so nothing sits in a queue overnight.
Collect rent without the awkward calls
VERA ranks unpaid balances by unit and days late and drafts a courteous reminder with a payment link for each one.
Start renewals while you still have time
VERA flags leases well ahead of expiration and drafts the renewal offer on your template, so units renew instead of turning over.
Questions
Property Management in Minneapolis
How many residential property managers are there in Minneapolis?
762 in the Minneapolis-St. Paul-Bloomington, MN-WI Metro Area, according to the Census Bureau's County Business Patterns for 2023. Together they employed 8,902 people and paid $482.4 million in annual payroll.
Is the Minneapolis market for property management growing?
By number of businesses it grew between 2022 and 2023: from 702 to 762 (+8.5%).
What does VERA do for property management in Minneapolis?
VERA drafts the quotes, invoices, follow-ups and customer messages a Minneapolis business runs on, and waits for the owner's approval before anything goes out. It is the same software everywhere; this page adds the local numbers.
Property Management in other markets
Other Minneapolis markets
Source: U.S. Census Bureau, County Business Patterns 2023 and 2022, metropolitan statistical areas. The Bureau adds a small amount of noise to these figures to protect individual businesses. The category counted is residential property managers, which can be broader or narrower than the trade itself. About the data.
See what VERA can do for your business.
Try it with the built-in demo data, no credit card, no API keys. VERA proposes the work and waits for your approval before it acts.