Hello Milwaukee - any pointers to decent prop mgmt ?

[Sam K.]

Hello fellow investors in the Milwaukee area. Have been active as a landlord for 2 years with 7 doors. Just as I am getting ready to grow further, running into a bunch of problems with property manager.

Units at or below market not rented for 3 months, while every time I test market to check response I have 6-7 calls in a half day. Units are comparable to others in neighborhood. Non returned phone calls, a simple cleanout after tenant move taking 2.5 weeks etc. etc. the list goes on.

Seriously considering a change in mgmt no matter how painful. Any long term Milwaukee investors out there willing to share pointer to an investor friendly and reasonable property management company ?

Thanks,

--Sam K

[Dawn Anastasi]

Originally posted by @Arnie Guida:

A timely topic for me.

The last time I checked, the average seemed to be

8-10% of rents collected

Show apartment

Screen applicants

Schedule maintenance and repairs

The part that got me was the maintenance and repairs. Schedule, that's it, you pay for them. I asked, "don't you have a team of electricians, plumbers, painters, etc...? No, we can recommend them, but that's up to you.

I don't think I've seen any PM company where the 8-10% of rents collected including paying for the repairs. Usually the landlord pays for the repairs or the PM pays for them and charges the landlord the repairs + a markup.