Investor Referrals: Property Management Company

[Enrique Roth]

Hi fellow investors,

My business partner and I are looking for a Property Management Company that knows how to work with investors, is trustworthy, professional, and can help us scale our rental portfolio.

Feel free to leave the details in the comment or DM me with your preferred communication channel so we can talk further (would love to connect with other investors in the area 😊).

Appreciate the help 🙏

Thanks in advance!

[Michael Smythe]

Check out NARPM.com

[Enrique Roth]

Thanks, Michael!

[LeAnn Hiatt]

What areas are you currently investing in? My company manages for Missouri, Kansas, and Indiana. Happy to help/ connect. Thanks! 

[Enrique Roth]

Hi LeAnn,

I'm looking for the Milwaukee area.

Do you know anyone there?

[Marcus Auerbach]

We have several good PM's in Milwaukee I can recommend, but they all have their focus on a particular market segment. Some focus on SF and duplxes, some on medium to large  MF, some in high end, some in affordable housing. Maybe a topic for another YouTube video.. Also check out the RPAWI. org. Anyway, what type of property do you need to be managed? And where?

[Enrique Roth]

Hi Marcus,

Our focus is SF and MFH (Duplex and Triplex).

Areas vary, but mainly B and C neighborhoods.

LMK :)

[Marcus Auerbach]

Welcome Home Milwaukee or Performance Asset Management

[Jake Greener]

Enrique, send me a private message and I can give you my experience with the property management company I use! Absolutely love them and have a C class rental in the northern Milwaukee area. 

[Enrique Roth]

Quote from @Marcus Auerbach:

Welcome Home Milwaukee or Performance Asset Management

 Thank you Marcus!

[Enrique Roth]

Quote from @Jake Greener:

Enrique, send me a private message and I can give you my experience with the property management company I use! Absolutely love them and have a C class rental in the northern Milwaukee area. 

 Hey Jake!

Awesome, I'll reach out now - thank you!

[Melanie Thomas]

I would recommend that you look into joining NARPM! Good luck & happy investing! 

[Drew Sygit]

@Enrique Roth would NOT recommend going with a small mom & pop PMC.

While they often, initially give great service, they are typically unorganized - which leads to problems down the road.

Make sure a PMC has a GREAT website, with lots of content and also software with Owner & Tenant Portals - this is the 21st Century and there's NO good reason NOT to have these!

Make sure they are properly licensed also.

Lastly, ask a LOT of questions about the details of their processes. How can they provide consistent services if they don't have well-defined processes?
We've got a lot of them on our website, so our clients benefit - but we don't service outside Michigan.

[Enrique Roth]

Quote from @Drew Sygit:

@Enrique Roth would NOT recommend going with a small mom & pop PMC.

While they often, initially give great service, they are typically unorganized - which leads to problems down the road.

Make sure a PMC has a GREAT website, with lots of content and also software with Owner & Tenant Portals - this is the 21st Century and there's NO good reason NOT to have these!

Make sure they are properly licensed also.

Lastly, ask a LOT of questions about the details of their processes. How can they provide consistent services if they don't have well-defined processes?
We've got a lot of them on our website, so our clients benefit - but we don't service outside Michigan.

 Thanks Drew, this is very helpful!

[Enrique Roth]

Quote from @Melanie Thomas:

I would recommend that you look into joining NARPM! Good luck & happy investing! 

 Thank you Melanie! You're the second person who has recommended this site, I'll definitely take a look there.

[Marcus Auerbach]

I was curious - I see 5 members on NARPM, only one major player, 2 really bad ones and 2 I have never heard of.

[Enrique Roth]

Quote from @Marcus Auerbach:

I was curious - I see 5 members on NARPM, only one major player, 2 really bad ones and 2 I have never heard of.

 Hey Marcus! 

I also only found 5, would the major player be Porch Light? What about the really bad ones, who are those? You can send it as a DM as well if you feel more comfortable not sharing it as a post comment

Thanks!

[Marcus Auerbach]

Sorry, I generally don't want to discredit businesses. My point was that NARPM is a surprisingly poor choice when it comes to identifying PMs with only 5 listed. A simple Google business search gives you 126 results

[Gabriel Fung]

Thanks for posting this Enrique! I too will be looking for PMs in the near future in the Milwaukee area. Will follow this thread.

Anyone else have good recommendations, please PM me. I may reach out at some point :) 

[Calvin Ozanick]

We are just west in Rock, Dane, Walworth and Jefferson Counties. I would love to help you expand your portfolio into one of the stronger secondary markets in the country. Let me know if you have any interest in learning more about the market! 

[Rebecca Knox]

Citywide Rentals, MKE Leasing, Welcome Home Milwaukee or Smart Asset

[Ed Riggenbach]

NARPM doesn't have a Midwest chapter so most PM's in WI and IL aren't members of NARPM. They're a great organization and the markets that have a local chapter have a lot more PM's that sign up. 

Welcome Home Milwaukee is taking on new clients with Single Family Homes and Duplexes in Milwaukee County. We go into most areas but not all. If you're outside of Milwaukee County, call Performance Asset Management. If you have a multi family property call Bartsch. 

If I can help in anyway, please reach out

[Enrique Roth]

Quote from @Rebecca Knox:

Citywide Rentals, MKE Leasing, Welcome Home Milwaukee or Smart Asset

 Thank you Rebecca! 

[Enrique Roth]

Quote from @Ed Riggenbach:

NARPM doesn't have a Midwest chapter so most PM's in WI and IL aren't members of NARPM. They're a great organization and the markets that have a local chapter have a lot more PM's that sign up. 

Welcome Home Milwaukee is taking on new clients with Single Family Homes and Duplexes in Milwaukee County. We go into most areas but not all. If you're outside of Milwaukee County, call Performance Asset Management. If you have a multi family property call Bartsch. 

If I can help in anyway, please reach out

 Thank you Ed!