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Get a FREE assessment of your rental property. Start here!

Property Management Fees and Pricing in the Red River Valley Area

Simple Pricing Structure with No Hidden Fees

At Real Property Management Optimum, we pride ourselves on easy, transparent, honest pricing. You’ll never find any hidden fees or surprises. Bottom line: we don’t get paid until you do.

Our property management strategy is sure to save you money at separate times of the process. We make it simple to protect your investment, minimize costs, and maximize your income—without disrupting your day-to-day life.

If you have one or more rental properties in Alexandria, MN, Fargo, ND, or the surrounding areas, take advantage of our expert residential property management services. For more information, contact us online or call us directly at 320-460-7474.

Sunset on the Red River near Fargo, ND

Tenant Placement or Leasing Fee

sunflower field in rural minnesota at sunset

This is the fee typically charged for advertising and showing your property, screen applicants, and creating the lease. The standard fee for this service in the local market (collected by property management companies, full-service real estate companies, and independent real estate agents or realtors) is equal to one full month’s rent.

The tenant placement process begins with a detailed property analysis, which we use to determine the maximum market rental rate for your home. We will then assist with any make-ready maintenance work, if necessary, advertise your property, take calls and answer tenant inquiries, show your property to interested prospects, qualify applicants, draft the lease, set tenant expectations, and complete move-in documentation.

The Real Property Management Optimum tenant placement fee is one full month’s rent ($750 minimum), charged one time immediately after a tenant moves in.

If your home is already occupied by tenants not placed through Real Property Management Optimum, you find your own tenant, or you hire your own outside agent to place a tenant and you want us to take over with a lease already in place, there is no tenant placement fee charged.

Tenant Placement Services

Our tenant placement fee is one month’s rent
($750 minimum), charged one time
immediately after a tenant moves in.

Rental Market Intelligence

Marketing & Advertising

Property Showings

6-Point Tenant Screening

Pet Screening

Weekly Progress Updates

Full-Service Property Management Fee

This is the fee charged for the day-to-day operations of your rental property. Items typically covered by the property management free include rent collection, maintenance coordination, lease enforcement, and tenant relations. The standard fee for this service in the Minnesota and North Dakotan markets is around 10% of the monthly rent. Our full-service property management packages start at 7.9% of the monthly rent.

Real Property Management Optimum Full-Service Property Management Packages

If you’re overwhelmed with managing your rental property, we’ve got you. At Real Property Management Optimum, we realize that one size does not fit all when it comes to the needs of each individual property.  Each package provides services and guarantees above and beyond the standard for property management in Minnesota and North Dakota.

Our management plans are designed to handle the stress of managing tenants, maintenance, and liability. We proudly offer two packages with rates ranging from 7.9% (the Basic Package) to 9.9% (the Standard package).

An overlooking landscape view of Alexandria, Minnesota

Basic

7.9%of Monthly Rent

Includes All Tenant Placement Services

PLUS

Rent Collection

Resident Benefits Package

Online Access

Bookkeeping

Move In/Out Recording

Year-End Income/Expense Documents


180-Day Tenant Replacement Guarantee

Tenant Liability Insurance

Standard

9.9%of Monthly Rent

Includes All Silver Package Services

PLUS

Maintenance Coordination

24/7 Emergency Response

365-Day Tenant Replacement Guarantee

Tenant Liability Insurance

Quarterly Maintenance Inspections


Eviction Protection Guarantee

Rented in 29 Days Guarantee

Additional Services

To minimize your risks and give you peace of mind, we also offer the following guarantees.

Rented in 29 Days Guarantee

We see ourselves as a dedicated partner in your corner, and we understand how important a quick turnaround time is to you and your bottom line. If we don’t rent your property in 29 days or less, you do not pay a management fee for the first month. With our marketing strategy and top-quality client management system, we’re confident we can lease your property quickly and get the rent coming in.

Our 29-day guarantee is included for no additional cost in the standard plan.

Risk-Free Eviction Guarantee

We understand the challenges that come with the eviction process. With the Risk-Free Eviction Guarantee, you pay a small monthly fee and we pay all the legal fees involved in an unlawful detainer suit. Because so many people participate in our program, the cost of a painful eviction is spread out over many property owners—affordably minimizing the risk for everyone involved.

A $50 per month value, this service is included in the standard plan for no additional fee.

Tenant Replacement Guarantee

If Real Property Management Optimum places a tenant and the tenant vacates the property before the end of the lease*, we will find you a new qualified tenant for FREE. We guarantee it!

*180-day promise for basic plan, 365 days for standard.