Your Questions, Our Expert Answers
Property Management
Is Wisconsin Property Managers (WPM) licensed?
Yes, WPM is fully licensed. We hold a State of Wisconsin Broker's License, along with both personal and business Dwelling Contractor Licenses. We are also active members of the National Association of Residential Property Managers (NARPM).
Does WPM own any of the units they manage?
No, WPM operates solely as a management company and does not hold ownership in any of the properties managed.
Does WPM manage homeowner or condominium associations?
No, our services are focused on individual rental property management, and we do not manage HOAs or condo associations.
What services does WPM provide under the property management agreement?
We offer comprehensive, full-service property management solutions. This includes tenant sourcing and leasing, efficient rent collection, handling of both routine and emergency maintenance requests, and conducting regular property inspections.
What is WPM's fee structure?
Our management fees are customized based on the specifics of each property management agreement. Factors influencing the fee include the number of units, expected rent amounts, and the particular services required. Please contact us directly for a personalized quote tailored to your property portfolio.
Can I view my financial statements online?
Yes, owners have 24/7 access to real-time financial statements and relevant property information through a secure online owner portal.
What are the steps to have WPM manage my property?
1. Initial Consultation: Discuss your needs with our Sales Manager via phone or meeting. 2. Customized Quote: Receive a detailed written quote based on the consultation. 3. Property Walk-Through: A WPM staff member will visit and assess your property. 4. Management Agreement: Execute the formal management agreement to begin the onboarding process.
How long is the property management agreement term?
Our standard property management agreements typically commence with a one-year term and are structured for annual renewal thereafter.
Do you charge a fee for leasing a unit?
We do not charge an initial placement or leasing fee for securing a new tenant. We do, however, charge a releasing fee of $150 when managing the turnover and leasing process between tenants.
How do you screen prospective residents?
Our screening process is thorough and includes a customized rental application paired with a comprehensive background check conducted via Equifax. We evaluate multiple factors, including credit score, criminal history, past rental history, employment verification, and income level.
What is your marketing strategy for leasing vacant units?
We employ a multi-channel marketing approach. Properties are listed on major online rental platforms (such as Apartments.com, Rently, Rent.com, Zillow, Zumper). We also utilize physical signage, leverage word-of-mouth referrals, and maintain a database of pre-approved applicants actively seeking housing.