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Best Property Management Companies in Madison

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360 Commercial Real Estate logo
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License Verified:

License: 49440

Wisconsin Real Estate Examining Board

360 Commercial Real Estate

701 E. Washington Ave., Suite LL2, Madison, WI 53703
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  • Property Inspection
  • Property Maintenance

Business Description

360 Commercial Real Estate is a woman-owned and veteran-owned company serving clients in Madison and the surrounding areas. It was founded in 2014 by Janine Punzel, who has more than 25 years of experience in commercial and residential property management and more than 30 years of progressive fiduciary and financial management knowledge. The company can assist with management needs on listed properties, as well as analyze the performance of different real estate properties.

License Verified:

License: 49440

Wisconsin Real Estate Examining Board

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Broihahn Management and Consulting logo
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Broihahn Management and Consulting

Madison, WI 53713
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  • Maintenance

Business Description

The full-service property management firm Broihahn Management and Consulting, located in Madison, Wisconsin, offers fourteen rental properties throughout Dane and Rock Counties. The firm, led by owner Sue Broihahn, serves nearly 1,000 apartment homes and condominiums in the local metropolitan area and has established a solid reputation for the quality of its management and consulting services. In addition to these services, the firm offers its clients emergency on-call services, maintenance and repairs, secret shoppers, cleaning, painting, and shampooing. At Broihahn Management and Consulting, the staff has over a century of combined property management experience. The firm is an Equal Housing Opportunity provider and manages locations that have affordable housing options designed specifically for seniors 62 years and older.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
3.8 / 5 (11)
Facebook
5.0 / 5 (6)
Yelp
3.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Bruner Realty logo
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Bruner Realty

802 Harbor House Dr, Madison, WI 53719
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  • Leasing
  • Tenant Screening

Business Description

Bruner Realty is a real estate company with property managers near Madison. It provides property management capabilities for residential properties including single-family homes, duplexes, apartment complexes, and associations. It helps with filling vacancies by advertising the property on multiple platforms and screening potential tenants. Its property managers draft and enforce lease agreements, collect rent, and coordinate requests for maintenance and repair. The business also provides accounting services complete with monthly reports.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.6 / 5 (40)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Grindstone Management logo
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Grindstone Management

1605 Monroe St,, Madison, WI 53711
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  • Tenant Screening

Business Description

Grindstone Management is a locally owned and operated property management company founded in 2010 in Madison, Wisconsin. It specializes in apartment properties in Madison's downtown neighborhoods. The company also offers parking areas and handles snow and ice removal.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)
Facebook
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Kris Kohlman Property Management, LLC logo
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License Verified:

License: 51143

Wisconsin Real Estate Examining Board

Kris Kohlman Property Management, LLC

207 Water Street, Suite A, Sauk City, WI 53583
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  • Maintenance
  • Collection

Business Description

Kris Kohlman Property Management, LLC, provides services for renters, landlords, owners, and buyers in Madison and the surrounding areas. It provides property management services that include vacant rental property advertising, tenant placement, lease term negotiation, and tenancy termination with proper notices. The company manages various types of properties, including single-family homes, duplexes, condominiums, and multi-family apartment complexes. Owner Kris Kohlman is a broker who uses her experience in client relations, problem solving, and management operations in running the business.

License Verified:

License: 51143

Wisconsin Real Estate Examining Board

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Lakestone Properties logo
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License Verified:

License: 938250-91

Wisconsin Real Estate Examining Board

Lakestone Properties

5910 Main St Ste 1, McFarland, WI 53558
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  • Maintenance
  • Marketing
  • Collection
  • Tenant Screening

Business Description

Lakestone Properties serves property owners, investors, and tenants in the Greater Madison area. It helps owners advertise their rental properties online. Its professionals meet with clients to help them adjust rental rates according to the market. Its tenant screening process includes checking for employment status, credit history, and criminal background. In addition, its staff is experienced in handling problem tenants and starting the eviction process. Lakestone Properties houses employees who have over 50 years of collective experience in the real estate industry.

License Verified:

License: 938250-91

Wisconsin Real Estate Examining Board

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.6 / 5 (54)
Facebook
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Opitz Management Inc logo
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Opitz Management Inc

502 N Eau Claire Ave, Madison, WI 53705
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  • Maintenance

Business Description

Founded in 1964, Opitz Management Inc. is a full-service property management company in Madison, specializing in residential and commercial properties. Its typical clients are owners with one residential property to rent and real estate investors with a portfolio of homes and commercial space. The company takes a hands-on approach to property management, operating 24-hour maintenance services, as well as marketing and leasing properties to tenants who have passed its rigorous screening process.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Peterson Management Co. Inc. logo
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License Verified:

License: 834378

Wisconsin Real Estate Examining Board

Peterson Management Co. Inc.

6333 University Ave Ste 201, Middleton, WI 53562
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  • Maintenance
  • Marketing

Business Description

Peterson Management Co. Inc. has been administering properties in Madison for more than 40 years. Properties included in its portfolio are residential units, retail spaces, office buildings, and mini-warehouses. Its managers take care of properties' bookkeeping, accounts payable, and rent collections. They conduct maintenance procedures and tackles emergency service requests. Paying details to the marketing of properties, Peterson Management's listing includes clear pictures, descriptions of the geographical location and amenities of each property, Google maps, and floor plans.

License Verified:

License: 834378

Wisconsin Real Estate Examining Board

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.3 / 5 (6)
Yelp
3.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Back to Providers

Frequently Asked Questions

What is property management?

Property management is the business of controlling and overseeing real estate, including residential and commercial rental properties. These professionals handle general maintenance and day-to-day operations on behalf of the property owner. They’re responsible for marketing properties, finding and screening tenants, collecting rent, and preparing units between leases. They may also handle repairs, evictions, and any problems that arise.

What does a property manager do?

Professional property managers perform critical tasks throughout the leasing life cycle, from preparing a rental property, through tenant move-ins and move-outs. They can also provide referrals for legal advice, home repairs, and services that aren’t covered by the management agreement. Here are some of their key responsibilities:

  • Marketing and listing vacant units
  • Processing applications and screening tenants
  • Conducting quarterly and annual inspections
  • Orchestrating move-in procedures
  • Coordinating maintenance and repairs
  • Collecting rent and applying penalties
  • Conducting move-out inspections and returning deposits
  • Handling evictions and posting quit notices
  • Complying with fair housing regulations
  • Compiling monthly expense reports
  • Preparing annual tax documents

How much do property management companies charge?

Property management fees can vary substantially depending on the size of the property, number of units, and scope of service. Property owners can expect to pay one month of rent to fill vacant properties and 10% of the gross cash flow to manage the property. Investors should also account for monthly maintenance, contributions to a reserve repair fund, and early termination fees if they decide to cancel the property management contract. Evictions and other non-routine services typically cost extra.

How do I manage a rental property from out of state?

Managing a property isn’t easy, and the job is even more difficult for out-of-state landlords. Thorough tenant screenings are the best way to prevent many common problems. Landlords should also maintain strong relationships with neighbors who can alert them if anything goes wrong. Investors who prefer a more hands-on approach should consider hiring a property manager to represent their interests.

Does a property manager need a real estate license?

Yes, in most states, property managers must have a real estate license to advertise rentals, show properties, sign lease agreements, collect rent, and perform other fiduciary activities. A community association manager license or similar certification may also be required for professionals who want to work for an HOA or apartment complex, although this credential is optional in most states.

How do I find a good property management company?

Property managers differ significantly in their approach and level of expertise. It’s important for owners to screen potential candidates to ensure that they're choosing the most qualified professional. Here are a few questions to ask during the interview:

  • How many units do you manage?
  • How big is your staff?
  • Do you have a maintenance crew?
  • How long does it take to fill vacant units?
  • What happens if my tenant doesn’t pay on time?
  • Have you ever filed an eviction?
  • What type of communication can clients expect from you?

Do property management companies find tenants for rental properties?

Yes, finding tenants and filling vacancies are key responsibilities for property managers. These professionals are responsible for advertising the property, and they handle all inquiries, applications, and showings. To find the most qualified tenants, managers perform background and credit checks, verify references, and confirm the applicant’s employment information, which can prevent problems and extra costs down the road.

How do I manage a vacation rental property?

Managing a vacation home or short-term rental requires a higher level of involvement when compared to other investment properties. Owners or managers must handle marketing, reservations, check-ins, and cleanings between stays. While a recent study by vacation rental marketplace HomeAway (now part of VRBO) reports that vacation rental income comprises about a quarter of the average rental owner’s income from investing just under 10 hours per week managing their rental, this type of hands-on involvement may not be possible for owners who live out of state or in another region. Professional property managers can assist with one or more tasks, such as cleanings and check-ins, or they can provide comprehensive management services to ensure that the property is generating revenue year-round.

Do property managers pay for repairs?

Yes and no. Property managers may pay for repairs, but the cost is generally deducted from future rent payments or a reserve fund. In most cases, landlords are responsible for maintenance costs and improvements that are needed to preserve or enhance the property’s value. Management firms do coordinate repairs, and some have their own maintenance crews. They can also provide contractor referrals and handle work orders for routine repairs, such as cleaning, painting, plumbing, and changing locks between tenants. Many firms allow tenants to submit maintenance requests online, and they should also provide monthly expense reports showing owners how their money is being spent.

Can a property manager evict a tenant?

Yes, property managers can help to orchestrate the eviction process, from preparing the initial notices to appearing in court and working with law enforcement to ensure that the tenant leaves the property. Situations that warrant eviction include non-payment of rent, lease violations, and illegal activity. Property managers can help to determine the best course of action when dealing with problem tenants.

Can a property manager sign a lease for an owner?

In most states, a property manager can sign a lease. Property owners can appoint a third party to act as a landlord by signing a contract with a management company or by giving power of attorney to a private individual. However, for the contract to be valid, the property manager must have the owner’s authorization.

Is property management worth the cost?

Property managers aren’t cheap, but they’re a worthwhile investment in many cases. Managing a rental property requires time, experience, diligence, and attention to detail. Professional property managers can assist new landlords and long-term investors who have a growing portfolio of rentals. They’re also valuable partners for individuals who work full time, live out of state, or want to enjoy the financial rewards of an investment property without added stress and anxiety.

How do I deal with a bad property management company?

Unresponsive property managers cause problems for property owners and tenants. Reputable management firms should work hard for their fees. No landlord wants to hear from their tenants that the management company isn’t doing its job or is ignoring their concerns. If the manager is skipping routine inspections, accepting bad tenants, or failing to provide monthly expense reports, it’s probably time to hire someone else. Owners should interview several candidates, compare rates, and check references to find a more qualified manager.

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