All Forum Posts by: Clare Pitcher

 Shawn, where in Milwaukee do you invest? Are all of your properties in Milwaukee?

Hi Arthur! Welcome to BP. I work for a PM right now and when I buy my own property I will have so much more experience going into it. I think wokring with a PM is a great idea!

Hi Ryan, 

I do business development for a property management company in Milwuakee. The way we gain doors is mainly through word of mouth, but we have inbound and outbound leads. Our inbound leads come from several sources, including All Property Management, Geek Leads, and our website. Outbound leads come from networking events and calling For Rent by Owners. One of our biggest referral sources is realtors, especially ones that work with investors, so I encourage you to start a realtor referral program that incentivizes realtors to bring business your way. 

Hope this helps, and let me know if you have any questions! 

Hi Nick, I would love to connect. We are a PM company in Milwaukee county that focuses on SFH and duplexes. We do not have an in house brokerage so we are always looking for good investor focused agents to help our clients out with the aquisition side of things!

I work for a PM in Milwuakee and our lease renewal fee is $208. This includes a renewal inspection, scope of work, market analysis and suggestions to increase if needed, and getting a new lease signed. 

As mentioned by some others in this thread, the PM should have all charges laid out in the management agreement so that nothing is a surprise. Every single one of charges is listed on our website so we can be completely transparent, as well as listed in the management agreement. We start our lease renewal process 4 months in advance to ensure we have a tenant lined up if the current tenant is moving out. 

The best way to learn property management is to work for a property management company. This way, you will encounter many situations and will have a team to lean on if there are questions you cannot answer. That way, when it comes time to manage your own properties or start your own management company, you will know the dos and don'ts of property management. My greatest property management experience came from my internship at a property management company where I was on the phone with tenants every day, dealing with different situations. But I was not doing it alone. I was able to watch my team and see how they were able to resolve situations, who to charge back for a maintenance work order, how/when to file an eviction, what do if a tenant pays late, how to settle tenant disputes, etc. When starting out and working for a management company, you are getting paid to learn! 

We use Appfolio and it has been great to work with and very user friendly!

Coming from a property manager, home warranties are typically hard to deal with when you have a tenant. They end up being more expensive and take longer than just reaching out to a contractor/ handyman. This could be a long process from when the tenant puts in a request to when the item actually gets fixed. 

Hi Johnny, 

Welcome to Bigger Pockets! What types of properties do you invest in and what drew you to the NC and Virginia market?

 Thanks for the insights and background. Yes, we have seen a big surge in March on both the owners and resident side. Weather for sure has a big part to play as well as renewal/ leasing season coming up.