Multi-Family Property
There is a lot that goes into managing a condo, loft or townhome. Kula 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 Kula Property Management professionals with years of experience in all the details of Minneapolis urban rentals.
Let us handle everything.
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
- Kula Property Management is the local Appointed Agent for the City of Mpls, or the city your property is located in.
- Pre-lease inspection, key turnover, post-lease inspection
- Property “Turn” management (cleaning, repairs, maintenance)
- Coordination with HOA (Governing documents, Rules & Regulations Compliance, etc.)
- City Inspections & Rental Licensing Renewals managed
- Vendor bulk pricing, service contract setup, and preventative maintenance plans
- Monthly and year-end financial statements provide detailed reporting of all funds in and out
- Year-end tax statements provided to you as owner, to tenants (CRPs), and vendors (1099s)
- Tenants contact Kula for all issues – you are not bothered!
**Note that repair and maintenance coordination (including 24/7 emergency maintenance, and Turn management) are provided for a 10% of vendor invoice (s) fee.
Multi-family proeperty management covers the entire property, including utility-billing management. Kula Property Management is the local property manager for the city your property is located in, and the primary tenant contact for all issues regarding the unit.
