ShipRock Management

Residential Rental Management in Minnesota

ShipRock Management is a residential property management company with a presence in Duluth, St. Cloud, and the Iron Range region of Minnesota. Its activity focuses exclusively on residential rentals, with differentiated services for residents, property owners, and investors. The company states it has served over 22,000 residents and manages more than 1,500 homes, with a 48-hour response time.

Services for Residents

For tenants, the company offers a straightforward leasing process, clean, move-in ready homes, fast response to maintenance issues, and clear communication. Its portfolio includes apartments and rental houses in various locations, with published examples such as units in Duluth, Sartell, and other areas of Minnesota.

Services for Property Owners and Investors

ShipRock Management offers property owners full-service management that includes resident screening, maintenance with trusted professionals, and regular reporting. For investors, the company participates in multifamily asset acquisitions in the Midwest, with structured small-group investment opportunities and a focus on properties between $5 million and $20 million. According to its presentation, it has acquired over $50 million in multifamily assets and reports an average net internal rate of return of 17.6% to investors.

Profile and Track Record

The company was founded with the goal of offering management services based on communication, accountability, and long-term relationships. Its leadership team includes Andy Weyrauch, broker and property manager since 2005; Blake Shippee, investment manager; Kristi Schulte, office manager and licensed agent since 2008; Tyler Bystedt, maintenance manager and licensed real estate agent; and Mike Doty, portfolio management, who holds a Minnesota real estate sales license and Smart Salting for Property Management certification, overseeing over 500 market-rate homes in the Twin Ports and Virginia, Minnesota area.

Offices and Contact

The company has an office in Duluth and another in St. Cloud, the latter seeing clients by appointment only. Office hours are Monday through Friday from 8:30 a.m. to 4:30 p.m., and it is closed on Saturdays and Sundays. ShipRock Management identifies itself as an Equal Housing Opportunity company.

Locations and Offices

Duluth Location: 1324 E. 4th Street, Duluth, MN 55805 · Phone: (218) 740-3800 · Email: info@shiprockmanagement.com

St. Cloud Location: Phone: (320) 253-4598 · Email: info@shiprockmanagement.com · Hours: Monday through Friday: 8:30 a.m. to 4:30 p.m. Saturday and Sunday: closed.