Choosing a Property Management Company in Hudson, Wisconsin

There are many options for Property Management in Hudson, Wisconsin. In Wisconsin the ability to manage property for others requires experience, professionalism and time. Property Managers are often different than Real Estate Companies.

Choosing a Property Manager

Since Hudson is so close, and part of, the Twin Cities Market, there are several of companies to choose from. Below are tips on choosing a Hudson Property Manager:

1. Make sure they are licensed in the State of Wisconsin.
2. How many properties do they manage? How experienced are they?Your Realtor can manage your property, but are they trained in all of the specifics of Property Management? Property Management has many laws including laws handling choosing tenants, damage deposit, service animals, and much much more. It is always a good idea to meet with your Hudson Property Manager one on one and make sure you like how they represent themselves. They will be managing your property and tenants, therefore, the deal breaker on how successful your Hudson rental property is.

Interviewing a Property Manager

Below are some items you should ask when interviewing a Property Manager.

1. How do you charge for your property management services? The cost of a Property Management company can vary widely. Some charge a percentage of rent, for example 8% or 10%. While others charge a flat fee. While it may seem obvious which is the better price, you need to know things like what charges are there when the property is vacant? What are your management fees for setup, renewals, even evictions.

2. How do you handle maintenance? You will want to know if they have their own Maintenance Company, if so, are they licensed, what do they charge? Do they have 24 hour service?
3. What sort of properties do you manage? Many companies specialize in specific management. For example, Single Family Homes, or Multi-Family such as duplexes and Apartments. Commercial Property Managers and Association Management are also very unique skills. You will want to find out what they have management in the past and what they do best.
4. Are they members of any trade associations? These associations often provide education in Property Management. For example, NARPM, the National Association of Residential Property Managers, or MHA, the Minnesota Multi-Housing Association.