Expertise.com

2024

Last updated:

Best Property Management Companies in Madison

Our Recommended Top 8

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Madison Property Management Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

53Reviewed

35Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1605 Monroe St,, Madison, WI 53711

Expertise.com Rating

Review Sources

Google
5.0 (4)
Facebook
5.0 (2)

Why choose this provider?

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.

  • Tenant Screening

Madison, WI 53713

Expertise.com Rating

Review Sources

Google
3.8 (11)
Facebook
5.0 (6)
Yelp
3.0 (2)

Why choose this provider?

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.

  • Maintenance

6333 University Ave Ste 201, Middleton, WI 53562
WebsiteLicense: 834378

Expertise.com Rating

Review Sources

Google
4.3 (6)
Yelp
3.0 (2)

Why choose this provider?

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.

  • Maintenance
  • Marketing

802 Harbor House Dr, Madison, WI 53719

Expertise.com Rating

Review Sources

Google
4.6 (40)

Why choose this provider?

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.

  • Leasing
  • Tenant Screening

5910 Main St Ste 1, McFarland, WI 53558
WebsiteLicense: 938250-91

Expertise.com Rating

Review Sources

Google
4.6 (54)
Facebook
5.0 (5)

Why choose this provider?

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.

  • Maintenance
  • Marketing
  • Collection

701 E. Washington Ave., Suite LL2, Madison, WI 53703
WebsiteLicense: 49440

Expertise.com Rating

Review Sources

Google
4.1 (11)

Why choose this provider?

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.

  • Property Inspection
  • Property Maintenance

502 N Eau Claire Ave, Madison, WI 53705

Expertise.com Rating

Why choose this provider?

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.

  • Maintenance

207 Water Street, Suite A, Sauk City, WI 53583
WebsiteLicense: 51143

Expertise.com Rating

Why choose this provider?

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.

  • Maintenance
  • Collection

FAQs

  • 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.

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