Property Management in Richfield, MN
Richfield is a first-ring suburb just south of Minneapolis and next to Edina, with about 36,400 residents and roughly 38% of households renting. Every rental, including single-family homes, must be licensed and inspected every year. Fuze Real Estate manages Richfield rentals from our Edina office, a few minutes away.
Richfield rental snapshot
36,445
Population (2023)
37.6%
Renter share
$1,334
Median gross rent
$320,400
Median home value
Source: U.S. Census Bureau QuickFacts (population 2023; housing data 2019-2023 ACS)
What Richfield requires from rental owners, and how Fuze handles it
Richfield requires all residential rental property to be licensed and inspected every year (City Code Section 407). A city inspector checks the interior, exterior and common areas, and license renewals are due by December 31.
- License term
- Annual, renewal due by December 31
- Single-family fee
- Check with the city for the current fee
- Inspections
- Every year (two inspections included in the license fee)
All residential rental property must be licensed, renewed every year by December 31.
How Fuze handles it:Fuze handles the rental license application and renewals for you: $150 for license paperwork and $150 for the license inspection, plus the city's own fee.
Every rental is inspected each year, covering the interior, exterior and common areas. Two inspections are included in the license fee.
How Fuze handles it:Fuze schedules the city inspection, preps the home beforehand and completes any corrections.
Re-inspection fees climb for 1 to 2 unit buildings: $50 for the 3rd inspection, $100 for the 4th and $200 for the 5th, up to $1,500.
How Fuze handles it:Fuze preps the home so it passes the first time.
See all 5 city requirements
Selling a single-family or two-family home requires a point-of-sale housing inspection and Certificate of Housing Maintenance before closing ($190 for a single-family home).
How Fuze handles it:Fuze's in-house repair team can complete any required corrections.
Occupancy must follow the zoning code's definition of "family" (Section 507.07, Subd. 45).
How Fuze handles it:Fuze screens every applicant household against the city's occupancy rules.
Sources: City of Richfield rental license and inspections, City of Richfield selling a home (point of sale). Last verified October 27, 2026
Why owners in Richfield choose Fuze
Richfield inspects every rental every year, and re-inspection fees climb quickly. Fuze's office is minutes away in Edina, so we prep the home, meet the inspector and fix any corrections with our in-house repair team.
What Fuze handles for Richfield 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 $130 per unit per month. Leasing fee only after a signed lease.
Frequently Asked Questions
Yes. Richfield requires every residential rental property, including single-family homes, to be licensed. Licenses are renewed every year by December 31.
Every year. Two inspections are included in the license fee, and re-inspection fees apply after that.
Single-family and two-family homes need a point-of-sale housing inspection and a Certificate of Housing Maintenance before closing. The inspection fee is $190 for a single-family home.
Fuze charges $130 per unit per month for full-service management, with custom portfolio pricing for 4 or more units. The leasing fee is one month's rent ($1,500 minimum), or 1.25 months' rent ($1,875 minimum) for leases of 13 months or more, and is only charged after a signed lease. Renewals are 30% of one month's rent.
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