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Property Management Blog

Blog Post Myths About Rental Property Pricing in Milwaukee, WI

Myths About Rental Property Pricing in Milwaukee, WI

By Performance Asset Management Saturday, September 28, 2024
According to Eviction Lab, there are nearly 200,000 renter households in Milwaukee, making it a great place for property investors in 2024.If you're looking to purchase a Milwaukee rental property, there's plenty to think about beforehand. Obviously, the biggest factor in... More +
Blog Post Legal and Optional Tenant Maintenance Responsibilities

Legal and Optional Tenant Maintenance Responsibilities

By Performance Asset Management Saturday, September 21, 2024
Property maintenance is one of the most time-consuming aspects of owning an investment property, yet it's essential for maintaining the value and appeal of your rental units. The property owner is responsible for keeping their property in a safe and habitable condition, but a... More +
Blog Post How Property Management Can Help You Protect Your Investment

How Property Management Can Help You Protect Your Investment

By Performance Asset Management Saturday, September 14, 2024
Are you juggling property inspections, leases, and advertising for your Milwaukee properties alone? You don't have to! Over 70% of property managers handle these tasks.In fact, only 45% of landlords manage their own properties, while the rest outsource. A property management ... More +
Blog Post Eviction Protection Plans for Your Rental Properties in Milwaukee, WI

Eviction Protection Plans for Your Rental Properties in Milwaukee, WI

By Performance Asset Management Saturday, September 7, 2024
According to Eviction Lab, Milwaukee, WI, saw 14,348 eviction filings in the past year alone (2023). Compared to the pre-pandemic average, that's 10% higher!With those high rates, you, as a Milwaukee landlord, should do everything possible to avoid being part of the statistic... More +
Blog Post How Section 8 Determines Rent Reasonableness in Milwaukee, WI

How Section 8 Determines Rent Reasonableness in Milwaukee, WI

By Performance Asset Management Wednesday, August 28, 2024
It's estimated that as many as 22.4 million renters can't afford rent. There is a serious housing crisis in this country, and unfortunately, Milwaukee, WI, isn't immune. The good news for residents of our city is that certain government programs, like Section 8, can h... More +
Blog Post Milwaukee Rental Property Inspections: How Often Should They Be Done?

Milwaukee Rental Property Inspections: How Often Should They Be Done?

By Performance Asset Management Wednesday, August 21, 2024
A typical single-family home in the U.S. now costs $18,118 to own and maintain yearly. That's almost $3,700 more than home ownership and maintenance costs in 2020!If you don't conduct rental property inspections as often as you should, you could spend more than that on ma... More +
Blog Post Creative Rental Leasing Strategies to Reduce Vacancies in Milwaukee

Creative Rental Leasing Strategies to Reduce Vacancies in Milwaukee

By Performance Asset Management Wednesday, August 14, 2024
The Milwaukee area is one of the most competitive rental markets in the nation. Between rising home prices and steep mortgage rates, more people are choosing to rent. However, the rental vacancy rate dropped from 7.6% last year to 3.7%.More landlords are retaining renters to impr... More +
Blog Post Essential Property Marketing Tips to Attract Tenants in Milwaukee

Essential Property Marketing Tips to Attract Tenants in Milwaukee

By Performance Asset Management Wednesday, August 7, 2024
The city of Milwaukee's average asking rent in April 2023 was $1,671; nearly a 4% increase from the same time last year. Milwaukee is now the second-most competitive rental market in the US. However, the vacancy rate (5.8%) is one of the lowest in the country.With the vacancy... More +
Blog Post 5 Key Strategies for Maintenance Coordination Success

5 Key Strategies for Maintenance Coordination Success

By Performance Asset Management Sunday, July 28, 2024
Do you get anxious thinking about maintenance for your rental properties? Do you find yourself constantly falling behind on task scheduling or meeting the needs of your tenants?Maintenance coordination is paramount to keep happy residents and ensure your buildings stay in good sh... More +
Blog Post 4 Simple Tips for Effective Rent Collection

4 Simple Tips for Effective Rent Collection

By Performance Asset Management Sunday, July 21, 2024
Imagine you're a landlord managing several rental properties. It's the first of the month, and you find yourself anxiously checking your bank account, waiting for the rent payments to come through.Despite sending multiple reminders and making countless phone calls, you no... More +

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