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Updated about 7 years ago on . Most recent reply

User Stats

199
Posts
97
Votes
Daniel Hanson
  • Investor
  • Waukesha, WI
97
Votes |
199
Posts

Milwaukee - REIS Property Management- thoughts?

Daniel Hanson
  • Investor
  • Waukesha, WI
Posted

Hi all,

I received a recommendation for the Milwaukee property management company REIS Property Management. Their website and services seem pretty decent. Does anyone have any experience with them in regard to managing single families, duplexes, 8-unit plus apartments? I'm looking to manage some new acquisitions, as well as eventually consolidate some other properties under a single management company.  Feel free to PM me if you don't want to post publicly.

Thanks,

Dan

Most Popular Reply

User Stats

199
Posts
97
Votes
Daniel Hanson
  • Investor
  • Waukesha, WI
97
Votes |
199
Posts
Daniel Hanson
  • Investor
  • Waukesha, WI
Replied

@Account Closed

I don't have a specific question by question checklist, but I get a phone conversation with them and see how well we would work together.  During the phone call I'm trying to gage their motivation vs. my goals.  I will also try to figure out how large their internal office staff/ contractor team is, and what is their capability to take on new properties.  Also looking to see their reaction to certain parts of Milwaukee county where I hold my rentals- some PM's prefer specific parts of town- takes a different management style depending on the tenant base.  Also geographically how close they are to the property for responsiveness- for my Waukesha-based properties I prefer a Waukesha PM for example.

My goals for a PM are as follows:

Properties will be managed and maintained by professional property managers, who provide these services: lease-up/ screening, collections, direct deposit to my bank, quick tenant response, maintenance (billed separately), < 24 hour response to owner, escrow for security deposits, tenant community communications, inspections, late notices, final walkthroughs, and eviction support (billed separately) for 8% to 10% of monthly rents. Set up systems to operate passively.

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