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This profile was last updated on 11/18/14  and contains information from public web pages and contributions from the ZoomInfo community.


Local Address: Minneapolis, Minnesota, United States
Company Description: The Apartment Shop proudly owns and manages a variety of buildings, old and new, in Minneapolis and Duluth. We are committed to the excellence of urban living and...   more

Employment History

Board Memberships and Affiliations


  • College of St. Thomas
  • MBA , Finance and Accounting
    University of Chicago
20 Total References
Web References
Steve Frenz, president of ..., 18 Nov 2014 [cached]
Steve Frenz, president of The Apartment Shop, said in the last year he's kept rent rates flat at the building and implemented a new utility billing system. Instead of the landlord covering heat and water bills, residents are billed separately based on each unit's consumption. Frenz said it's a newer practice in Minneapolis, but he's used it at other properties for seven years, it's legal, and it's used nationwide. He said it encourages tenants to call when they have a leak, and discourages tenants from opening their windows in winter.
"It's meant to decrease consumption of gas and water," he said. "Residents have direct responsibility for these bills."
Frenz said he's seen a 20-25 percent decrease in gas consumption as a result of the change.
"We hope to have it implemented on all our properties in the near future," he said.
Frenz said it's unfortunate the new billing system coincided with one of the worst winters in terms of heating he's ever had, so bills ended up being higher than the historic benchmarks disclosed to residents.
Frenz said 3325 Nicollet has a new boiler, and some of the windows were replaced about five years ago.
"It's old, but it's not in horrible shape," he said.
Frenz took over the property nearly two years ago from Spiros Zorbalas, part of a sale that included 38 Minneapolis rental properties.
With the acquisition, Frenz said he fixed roofs, replaced a $250,000 elevator, and inherited several hundred work orders.
"It certainly was an undertaking, but it needed to be done," he said, noting that most of the issues involved day-to-day maintenance. "Today is a much different day than two years ago when the properties came on board."
Frenz said he hired a bilingual staff member about four months ago who has been a "Godsend" to help communicate with Latino residents.
Frenz met with about eight tenants at the Lyndale Community Center in late September, where he offered to waive late fees if they visited his office and started making payments. Two days later, two of the meeting attendees received notices to appear in court.
About 25 residents subsequently protested outside The Apartment Shop's Whittier office on Oct. 25, speaking with Frenz at his office.
Frenz said the eviction notices were unrelated to the meeting - there is a five-day lag time between the forms' filing and when they are served, he said, and he didn't know who was coming to the meeting in advance. He said both of the tenants served with notices had several months of unpaid rent.
"I thought we had a good conversation," he said.
Frenz said there are no outstanding extermination requests at 3325 Nicollet. He said they've had a few cockroach and bedbug incidents, but said they've also met with resistance in terms of preparing for extermination. Residents need to take out trash, empty out cupboards and clean, he said. Frenz said he's evicted two residents because they did not prepare for bedbug exterminators.
"If they continue with the infestation, it will spread to other units," he said.
Frenz said that occasionally tenants are afraid to make maintenance requests because they owe money on rent. But he wants tenants to make requests regardless, he said.
"It doesn't do any good to have an apartment falling apart," he said.
Marcia discovered bedbugs on the sofa, and her son is waking up with bug bites, she said. She hasn't called the landlord yet to address the issue, as she hoped she could solve the problem by throwing out the couch. But she recently felt something bite her leg while sitting on the carpet.
"After the contract, all I want is to find a place that's nice," she said.
Steve ..., 27 Sept 2014 [cached]
Steve Frenz President
Our Leadership, 21 Nov 2013 [cached]
About MHA, 4 Aug 2011 [cached]
Headlines, 6 April 2006 [cached]
BLOOMINGTON (March 29, 2006) - Stephen Frenz, founder and President of JAS Apartments, Inc. in Minneapolis, Minn., will take office as the 40th Chair of the Minnesota Multi Housing Association (MHA) on April 1, 2006.MHA has more than 2,100 members who together own or manage over 240,000 multi-housing units throughout Minnesota.
As owner of JAS Apartments, Frenz has 1,200 market-rate units in South Minneapolis and 280 units in Pittsburgh, Penn.Previously he worked with Northwest Airlines and the Burlington Northern Railroad managing capital markets, revenue analysis and cash forecasting.Frenz is a charter board member of Safe Haven Shelter for Kids, has served as a board member of the Nicollet Avenue Business Association, is an appointed member of the Nicollet Avenue Service District and past chair of the Housing & Development Committee of the Stevens Square Community Organization.
Frenz is a graduate of the College of St. Thomas and has an MBA with Specialization in Finance and Accounting from the University of Chicago.He has a strong interest in the revitalization of inner city communities and the continuing education of properties owners to maintain a successful and effective industry.He lives in Minneapolis with his wife and three children.
Frenz succeeds the 2005-2006 Chair Clint Blaiser, principal of Halverson and Blaiser Group, Ltd. (HBG) in Bloomington, Minn.
The induction of Frenz and his administration was held on March 16th at the Annual Meeting and Presidential Gala at the Town & Country Club, St. Paul.
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