Licence for Rental Property?

Question

Do you need a license to rent your rental property in Milwaukee Wi?

Adam Gollatz · Answer

Not that I am aware of, but the city of milwaukee does have a free landlord training class that they give you certificate for. This is a requirement for buying city owned properties.

Mitch Ferraro · Answer

Hi @Lassy Gnini! We have rentals in Milwaukee and do not hold any license to rent them out. We do use a property management company to manage our properties, though. The property management company does need to have a brokers license to legitimately be a property management company in Wisconsin. If you are renting them out yourself you do not need a license. Here is a good website to check out that talks about Wisconsin Landlord - Tenant Law and can probably answer any other questions you may have. Good luck! :)

Marcus Auerbach · Answer

Nimius is a great PM for lower income areas in Milwaukee, check with the owner Dennis.

The State of Wisconsin does not require a license for you to rent out property you own. If you lease property for others, you are required to be a licensed sales person (aka real estate agent) to show properties and negotiate a lease, the State wants to make sure you are trained on fair housing etc.  many of the feduciary duties overlap. The courses Milwaukee is offering are not mandatory, but if you are new to this, I would start there!

Lassy G. · Answer

@Mitch Ferraro, @Adam Gollatz Thanks guys. Very useful. I am researching the property market in Milwaukee to buy and hold a property. Any property manager recommendation for low-income rentals?

Lassy G. · Answer

Great Mitch. i will definitely check it out

Thanks a lot

Mitch Ferraro · Answer

@Lassy Gnini here is the website I was talking about. Forgot to attach. Some good information here. https://www.avail.co/education/laws/wisconsin-landlord-tenant-law

Rebecca Knox · Answer

Nimius or Renter's Warehouse manage in low income areas.

Lassy G. · Answer

@Mitch Ferraro Thank you very much. Awesome

Mitch Ferraro · Answer

@Lassy Gnini, no problem! You can check with World Property Management to see if they will manage in the area that you are looking. I'm not sure if they do but you can surely check. Property Manager name is Joe Mundo.

Licence for Rental Property?

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