Full service rental property management in Wayzata, MN
Wayzata licenses rentals and inspects every year, one of the heavier cycles in the west metro, and the inspections are scheduled through Metro West rather than city hall. Freedom Rental Property Management manages single family homes, townhomes and small multifamily rentals in Wayzata and handles whatever the city does require.
Pricing and marketing, tenant screening, leasing, rent collection, monthly owner statements, maintenance with after hours on call, and an annual inspection with photos. No markup on vendor invoices.
More on the role in what a property manager does.
Freedom Rental Property Management is a Wayzata 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 Wayzata requires. We reply by email and text within a few minutes, 8 a.m. to 5 p.m.
Get a free Wayzata rent estimate
What does property management cost in Wayzata?
Managing a Wayzata rental is a flat $125 a month, whatever the rent, rather than the 8% to 12% of collected rent most companies charge. Tenant placement is 50% of one month’s rent with a $995 minimum, renewal is $200, the annual inspection is $200, and there is no markup on maintenance.
Full schedule on our pricing page, with the year by year math in how much property managers charge.
How often does Wayzata inspect a rental?
Wayzata licenses rentals and inspects every year, one of the heavier cycles in the west metro, and the inspections are scheduled through Metro West rather than city hall. Wayzata bills water, sewer, storm water drainage, garbage, recycling and organics monthly. Wayzata is also the highest rent submarket we serve, which is the clearest case anywhere in our service area for a flat management fee over a percentage of rent.
Who do you call about a Wayzata rental license?
Rental questions in Wayzata go to the Building Inspection Department on 952-404-5313.
Wayzata sits in Hennepin County, so property records, tax statements and assessed values for a Wayzata rental come from Hennepin County rather than the city.
The city publishes its requirements on the City of Wayzata rental licensing page.
Who pays the city utilities on a Wayzata rental?
Whether a tenant can hold the Wayzata city utility account is not published, so we confirm it with the city for each property rather than assuming it carries over from a neighboring city.
The Wayzata city bill covers water, sewer, storm water drainage, garbage, recycling and organics, billed monthly.
Wayzata utility billing: 952-404-5363. More metro cities are dropping tenant payments on city utility accounts entirely, so what Wayzata allowed when you bought may not apply now.
What do rentals go for in Wayzata?
These are the ranges we see on Wayzata rentals we manage and lease, based on 2026 rents. A three to four bedroom single family home in Wayzata typically sits between $2,305 and $2,880 a month, with condition, finish level and garage space moving a property within that band more than square footage does.
| Property type | Typical Wayzata rent |
|---|---|
| 2 bedroom townhome | $2,060 to $2,355 |
| 3 bedroom townhome | $2,365 to $2,640 |
| 3 bedroom single family | $2,305 to $2,630 |
| 4 bedroom single family | $2,545 to $2,880 |
| 5 bedroom single family | $2,750 to $3,155 |
| 2 bedroom apartment | $1,590 to $1,795 |
| 3 bedroom apartment | $1,875 to $2,195 |
Ranges are a starting point, not a quote. A free rental analysis prices your specific Wayzata property against what has actually leased nearby.
Looking for a place to live? See our current homes for rent in Wayzata and nearby cities.
How does Wayzata compare with nearby cities?
City rules vary more across the metro than most owners expect, and a rule that applies in Wayzata often does not apply a few miles away. Here is Wayzata against three other cities we work in.
| City | City rental inspection | Tenant can hold the utility account |
|---|---|---|
| Wayzata | Every year | Not published |
| Dayton | Not published | Yes |
| St. Louis Park | Every 2 years | No, owner name |
| Brooklyn Park | At license, then as needed | No, owner name |
For the statewide rules that apply in every city, see our guide to Minnesota landlord rules.
Areas we serve near Wayzata
Freedom Rental Property Management works across the Twin Cities metro from our office in Maple Grove. Other areas we serve:
- Plymouth rental property management
- Golden Valley rental property management
- Medina rental property management
- Monticello rental property management
- Big Lake rental property management
Full list on the service area page.
Talk to us about your Wayzata 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 Wayzata property should rent for, or contact us to go through the Wayzata requirements together.