MANAGE MY BUILDING

Let us handle everything

There is a lot that goes into managing a condo, loft or townhome. DRG Property Management in Minneapolis can give you a fully hands-off rental management experience, or simply collect the rent and provide other services à la carte as you need. Whatever the level of service, you get peace of mind knowing that your property is well-managed by DRG professionals with years of experience in all the details of Minneapolis urban rentals.

What will it cost?

2-4 Units:

  • Full Management: $169/mo

    • $169/mo base management fee occupied property ($69/mo each additional unit within building)
    • Full services including repair and maintenance coordination with 10% fee

  • On-Demand Basic Service Plan: $39/mo each unit

    • $39/mo base management fee occupied unit
    • Monthly Financial Statements and rent collection only (Maintenance invoices $200/invoice)
    • The owner is responsible for maintenance coordination, vendor billing, inspections, security deposit disposal licensing, insurance compliance, etc.

5+ Units:

  • Starting at 10% of gross revenues collected ($500/month minimum) all inclusive, excepting maintenance coordination fees.  
  • Full services, including repair and maintenance coordination with 10% fee
  • One-Time Onboarding Fee - $500 per unit 

Leasing fees of one month's rent will apply for tenant placements. We base our fees on a percentage of gross revenue. This helps you manage expenses by only paying to manage occupied units.

Full Management services:

  • Collect and remit rent payments (monthly I & E financial statements)
  • DRG is the local property manager for City of MPLS
  • Pre-lease inspection, key turnover, post-lease inspection
  • Contact the tenants for all issues - Generate CRP (Certificate of Rent Paid) and send to tenant(s)
  • Coordinate and set up vendors, repairs & maintenance
  • Bi-annual check-ins of the property
  • City Inspections & Rental Licensing

DRG is the local property manager for the City of Minneapolis and the primary tenant contact for all issues regarding the building.

Multifamily Asset Management

1. Financial Performance & Strategy

What this really means:
The asset manager is responsible for the property’s money and long-term value.

They review monthly financials, track income and expenses, watch cash flow, and make sure the property is hitting its budget. They look ahead, not just backward—adjusting strategy when rents, expenses, or the market shift. This includes deciding when to raise rents, cut costs, refinance, or prepare for a sale.

Bottom line: Protect capital, grow returns, and make smart financial decisions.

2. Oversight of Property Management

What this really means:
The asset manager holds the property management team accountable.

They don’t manage day-to-day operations, but they oversee them—leasing performance, occupancy, rent collections, maintenance standards, staffing, and resident experience. If leasing is slow, expenses are creeping up, or service levels drop, the asset manager steps in to diagnose the issue and course-correct.

Bottom line: Make sure the property is run well and aligned with ownership goals.

3. Business Plan Execution & Value Creation

What this really means:
The asset manager executes the plan that drives the property’s value.

This includes capital improvements, unit renovations, amenity upgrades, operational efficiencies, and market repositioning. They track timelines, ROI, and results—making sure every dollar invested has a clear purpose. They also adjust the plan as market conditions change.

Bottom line: Turn the original investment thesis into real results.

Interested in our Asset Management services, please email:  Joe@DRGMpls.com or Call:  612.244.6613

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