As a rental property owner in Waukesha, getting the right property management company could mean the difference between real estate investing success and a life filled with hard work, stress, and frustration. Property management is a 24/7 job, and the more rental homes you have, the more time and effort you have to spend to successfully manage each one. It makes sense to get a property manager to aid you with the workload and keep your rental homes occupied and profitable. Still, the wrong property manager can actually make things worse by making costly mistakes.
Other property management companies don’t really spend enough time evaluating the rental market and setting the best monthly rate. Instead, they leave it for you to guess or figure out on your own. The wrong monthly rate is problematic for two reasons: you might struggle with renting your property out if the rent’s too high, but if it’s too low, you’d be losing rental income each month or even possibly having prospective residents thinking that there are problems with the property.
When the property managers at Real Property Management Greater Milwaukee first sign on with an owner, they begin a thorough property evaluation straightaway to make certain that the rental home is ready to bring in high-quality renters. Along with the current rental market, the state of the home is evaluated to ensure that your rental homes are competitively priced.
Another costly mistake other property management companies typically make is in the way they bring in and screen potential tenants. There are property managers who’re just content with placing a sign in the yard and just running the credit history of the applicant, neither of which is sufficient to find quality tenants.
Each rental applicant Real Property Management Greater Milwaukee considers is carefully screened with full background checks that include credit, criminal, past rental, and income history. We want to fill vacancies with great tenants who are going to care for your rental property during their stay and follow the terms of your lease.
Once new renters have signed a lease, other companies will often ignore every request for maintenance and repair, forcing their tenants to live with problems that start small but may turn into expensive repairs later on. These companies typically have a high turnover for this reason, since frustrated renters rarely remain in a home when their property manager ignores or refuses reasonable requests.
At Real Property Management Greater Milwaukee, we have a proactive management approach to all repairs and maintenance. Each one of our owners is given a password-protected account with which they can view maintenance and repair information concerning their properties at any time. Monthly financial statements and clear, up-front fees give you control over your investment.
When a renter signs a lease with Real Property Management Greater Milwaukee, they sign their name to specific, legally binding documents that are designed to streamline the terms and outline the consequences of breaching those terms. They know from the first day that their property manager will be monitoring the property regularly, which helps them stay vigilant.
Unlike these other business models, Real Property Management Greater Milwaukee has a reputation for delivering quality, comprehensive service—and for good reason. For over thirty years, we have prioritized providing a unique approach to property management that puts the industry’s best practices and top tools at your fingertips.
As a Waukesha rental property owner, you should have a property manager who is going to work to protect your investment without disturbing your life. By choosing Real Property Management Greater Milwaukee, you are opting for real peace of mind. Would you like any additional information? Please contact us online or give us a call at 262-309-6961 today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.