Property Manager Recommendations in Milwaukee

[Alan Sapugay]

I'm based in CA and just purchased two turn-key duplexes in the Milwaukee area.  The seller offered 6 months of free property management as part of the sale and can switch to 8% fee at the end of the warranty period. Given the potential conflict of interest, I'm thinking of switching management services  to someone impartial when the warranty period expires.  Interested in what you think and any property management recommendations.  Thanks.

[Matt Maurice]

@Jorge Ruiz thanks for the plug!

The fact the company stayed on for 6-months after the sale shows they are at least somewhat concerned with the quality of their product.  Many turnkey rental provider operations do cheap renovations, place any tenant to prove the proforma and leave you holding the bag after the sale.   If things have gone well after so far (Tenant has paid and maintenance issues have been low) you might be in ok shape.

I think the big question here becomes does this company flip houses first and manage only when they have to second?  If property management is a secondary thought, you run the risk having a company not acting ethically, legally or properly licensed operating your property.  The systems required to manage property on a small level can be covered with hard work and some brainpower.  When things scale systems become required to effectively manage property, and if it's not a focus of the company the investor will eventually be the one hurt in the process.

Obviously I have no clue who you used to purchase the home and/or manage the property... just my 2 cents on the topic.   And of course I'm happy to discuss our services if you'd like.

Matt