Full service rental property management in Richfield, MN
Richfield licenses and inspects every rental annually, and its re-inspection fees escalate fast, reaching $400 a visit on a single family home. Freedom Rental Property Management gets Richfield properties through inspection inside the two visits the license fee covers.
We manage single family homes, townhomes and small multifamily rentals: pricing and marketing, tenant screening against written criteria, electronic leasing, rent collection and monthly owner statements, maintenance coordination with after hours on call, and an annual inspection with a photo report. There is no markup on vendor invoices.
For a fuller description of the role, see what a property manager does.
Freedom Rental Property Management is a Richfield property management company based in nearby Maple Grove. Owners get one local point of contact, fast answers, and a team that runs your home the way we run our own rentals.
Tell us about your property and we’ll send a free rent estimate and walk you through what Richfield requires. We reply by email and text within a few minutes, 8 a.m. to 5 p.m.
Get a free Richfield rent estimate
What does property management cost in Richfield?
Managing a Richfield rental costs a flat $125 a month with Freedom Rental Property Management, whatever the rent, instead of the 8% to 12% of collected rent most companies charge. Tenant placement is 50% of one month’s rent with a $995 minimum, a lease renewal is $200, and the annual inspection is $200. Meeting a Richfield city inspector and handling the follow up is a flat $110.
Full schedule on our pricing page, with the year by year comparison in our guide to how much property managers charge.
What does Richfield require from rental owners?
Under Richfield City Code Section 407, all residential rental property must be licensed and inspected annually. The inspection covers the interior, the exterior and any common areas, and is scheduled in advance with the owner or manager. Renewals are due by December 31 (City of Richfield rental license and inspections).
The license fee covers two inspections. After that, Richfield charges per visit on a scale that climbs steeply, and this is the part worth planning around.
| Inspection | 1 to 2 unit building | 3 or more units |
|---|---|---|
| Third | $50 | $100 |
| Fourth | $100 | $200 |
| Fifth | $200 | $400 |
| Sixth and beyond | $400 each | $800 each |
| Maximum | $1,500 | $3,000 |
A Richfield owner who needs four visits to pass has already spent $150 on top of the license fee, and the ceiling on a single family home is $1,500. Those fees are entirely avoidable, which is why we walk a Richfield property before the city does rather than finding out at the inspection.
Who pays the city utilities on a Richfield rental?
Tenants can pay the city utility bill, but the account stays in the owner name.
The Richfield city utility bill covers water, sanitary sewer, stormwater, streetlight, testing and admin charges, garbage, recycling, organics and yard waste.
Richfield utility billing can be reached on 612-861-9164. We set this up at move in so the right party is on the account from day one, which is the most common source of a surprise balance at move out.
Worth re-checking rather than assuming. More metro cities are dropping tenant payments on city utility accounts entirely, so whatever Richfield allowed when you bought may not be what Richfield allows now. We confirm it at onboarding.
What do rentals go for in Richfield?
These are the ranges we see on Richfield rentals we manage and lease, based on 2026 rents. A three to four bedroom single family home in Richfield typically sits between $2,220 and $2,735 a month, with condition, finish level and garage space moving a property within that band more than square footage does.
| Property type | Typical Richfield rent |
|---|---|
| 2 bedroom townhome | $1,910 to $2,260 |
| 3 bedroom townhome | $2,275 to $2,520 |
| 3 bedroom single family | $2,220 to $2,515 |
| 4 bedroom single family | $2,455 to $2,735 |
| 5 bedroom single family | $2,630 to $3,010 |
| 2 bedroom apartment | $1,520 to $1,735 |
| 3 bedroom apartment | $1,800 to $2,075 |
Ranges are a starting point, not a quote. A free rental analysis prices your specific Richfield property against what has actually leased nearby.
Looking for a place to live? See our current homes for rent in Richfield and nearby cities.
Areas we serve near Richfield
Freedom Rental Property Management works across the Twin Cities metro from our office in Maple Grove. Nearby areas we also serve:
- Bloomington rental property management
- Minneapolis rental property management
- Edina rental property management
- St. Louis Park rental property management
- Eden Prairie rental property management
The full list is on our service area page.
For the statewide rules that apply in every city, see our guide to Minnesota landlord rules.
Talk to us about your Richfield rental
Freedom Rental Property Management LLC
13570 Grove Dr Suite 158
Maple Grove, MN 55311
Phone: 763-445-9774
A free rental analysis will tell you what your Richfield property should rent for, or contact us to go through the Richfield license requirements together.