Property Management in Lake Elmo, MN
Lake Elmo is a Washington County city of about 14,000 residents, with 94% owner-occupancy and a median home value near $597,000. The city doesn't license long-term rentals but caps short-term rental licenses. Fuze Real Estate manages long-term Lake Elmo rentals for owners of these higher-value homes.
Lake Elmo rental snapshot
14,376
Population (2025)
6.5%
Renter share
$2,407
Median gross rent
$597,000
Median home value
Source: U.S. Census Bureau QuickFacts (population 2025; housing data 2020-2024 ACS)
Renting out a home in Lake Elmo, and how Fuze helps
We did not find a license for long-term rentals (30 days or more) in Lake Elmo. Short-term rentals need a license, and the city caps them at 20 licenses citywide.
- Single-family fee
- Check with the city for the current fee
Short-term rentals need a license, capped at 20 citywide.
How Fuze handles it:Fuze manages long-term leases, which aren't subject to the cap.
No long-term rental license was found.
How Fuze handles it:Fuze's move-in condition reports document the home's condition.
Minnesota landlord-tenant law still applies.
How Fuze handles it:Fuze's leases and notices follow Minnesota law, including deposit and notice rules.
Sources: City of Lake Elmo short-term rentals, Lake Elmo rental FAQ. Last verified October 17, 2026
Why owners in Lake Elmo choose Fuze
With only 20 short-term licenses citywide, long-term leasing is the reliable route in Lake Elmo. Fuze prices and markets higher-value homes to attract strong tenants.
What Fuze handles for Lake Elmo owners
- Rent collection and delinquency prevention
- 24/7 maintenance intake and coordination
- Credit, background and rental history screening
- Lease enforcement and legal notices
- Monthly financial statements
- Renewal recommendations and execution
- 1099 processing and CRPs
Management from $125 per unit per month. Leasing fee only after a signed lease.
Frequently Asked Questions
We did not find a license for long-term rentals in Lake Elmo. Short-term rentals need a license.
Yes. Lake Elmo caps short-term rental licenses at 20 citywide.
Fuze charges $125 per unit per month for full-service management, with discounts for 4 or more units. The leasing fee is one month's rent ($1,500 minimum) and is only charged after a signed lease. Renewals are 30% of one month's rent.
Nearby areas we serve
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