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 ...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Tenant Criminal Background Check: What You Need to Know
By Performance Asset Management Sunday, July 14, 2024
As the old saying goes, "A good start is half the work." As a landlord, being successful often begins with finding the perfect tenants-those who make your job easy rather than challenging. Ensuring you have reliable, trustworthy tenants can significantly impact your pro...
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Real Estate Asset Management Best Practices That Put Money In Your Pocket
By Performance Asset Management Sunday, July 7, 2024
Are you looking to expand your real estate investment portfolio in the Milwaukee area? Real estate asset management may seem tricky, but it doesn't have to be.As long as you have a solid strategy in place, you can keep your investments safe and secure. Here are some tips to c...
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