Expertise.com

2024

Last updated:

Best Property Management Companies in Waukesha

Our Recommended Top 4

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 Waukesha 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.

18Reviewed

12Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2665 S. Moorland Rd., New Berlin, WI 53151

Expertise.com Rating

Review Sources

Google
4.1 (76)
Facebook
5.0 (2)

Why choose this provider?

PMI Greater Milwaukee manages residential properties such as single-family homes, townhomes, condos, and multi-unit buildings, along with commercial real estate like offices and retail spaces. The company's property managers near Waukesha handle marketing, tenant screening, and lease negotiations. They collect rent and prepare financial statements. Aside from conducting property inspections during move-in and move-out, they ensure that maintenance and repair issues are dealt with promptly. PMI Greater Milwaukee also offers management services for homeowners' associations and community associations.

  • Marketing

7311 W Greenfield Ave, West Allis, WI 53214

Expertise.com Rating

Review Sources

Google
4.3 (279)
Facebook
4.0 (32)

Why choose this provider?

Welcome Home Milwaukee offers management solutions for real estate investors. The property management company near Waukesha covers a wide range of services such as marketing, financial reporting, and property maintenance. The firm uses high-resolution photographs to advertise properties on over 30 rental websites. Move-in and move-out inspections conducted by the team include photo documentation. The agency's in-house maintenance crew responds to emergencies and repair issues 24/7. Welcome Home Milwaukee was formed by real estate investors who transitioned to property management in 2014.

  • Marketing

101 West Pleasant Street, Milwaukee, WI 53212

Expertise.com Rating

Review Sources

Facebook
5.0 (16)
Google
3.0 (12)
Yelp
4.5 (3)

Why choose this provider?

My-Dwelling is a Milwaukee-based firm that specializes in managing apartments, condominiums, and single-family homes. The seven-person company handles daily management tasks for owners. The property managers are available to attend to concerns and emergencies 24/7. The management firm is committed to updating its services in accordance with the changing needs of customers. My-Dwelling has been addressing clients' real estate needs since 2013. Aside from property management, the agents also provide assistance with leasing, buying, and selling.

  • Leasing

11617 W. Bluemound Rd. Suite 4., Waukesha, WI 53226
WebsiteLicense: 56641-90

Expertise.com Rating

Review Sources

Google
4.2 (115)
Yelp
2.0 (1)

Why choose this provider?

RENU Management is a property management company that serves clients in Waukesha and the surrounding areas. It focuses on helping property investors purchase, lease, renovate, and manage their properties. It partners with institutional REITs, private equity funds, asset managers, and regional investors to manage the entire acquisition process. RENU Management has served in 22 markets and has assisted its clients in acquiring more than $2.9 billion in residential assets in the United States since its founding in 2009.

  • Property Maintenance
  • Rent 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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