Apartment Management

Wisconsin Residential Property Management

With more than 5,000 units under management, our progressive approach to multi-family management has positioned F3 as a foremost leader in the multifamily marketplace throughout Wisconsin and beyond.

We give multi-family property owners a versatile set of tools for increasing the value of their asset. In addition to our extensive database of current rental market comparables, we review the overall condition of the competitive rental market, covering existing inventory, proposed new projects, vacancy and effective rental rates. We also review the competitive inventory, household formation and absorption to determine the primary and secondary target resident. We provide excellent communication and concrete information, which can be deciphered quickly so that decisions regarding the operations and value of the asset can be made with certainty. With the proper systems in place, we ensure that leasing objectives and revenue goals are met.

Our team of professionals manage the day-to-day operations of each property, including resident relations, detailed communication with owners, on-going maintenance, administration, financial accountability and lease administration, all while working to improve our clients’ property investments to ensure strong net operating income and positive property appreciation.

APARTMENT MANAGEMENT SCOPE OF WORK:

START-UP

  • Property condition assessment
  • Lease review
  • Background/credit checks
  • Bank account set-up
  • Financial reporting and transfer set-up
  • Work order tracking set-up

FINANCIAL

  • Rent collection
  • AP and AR
  • Cash management
  • Bank reconciliation
  • Invoice payment
  • Rent roll
  • Lease abstract and reporting
  • Monthly financial reporting
  • Annual budget

ENGINEERING

  • 24-Hour call center – Emergency response only
  • Maintenance requests
  • Work order tracking and reporting
  • Preventative maintenance

ASSET MANAGEMENT

  • Existing Market Conditions Analysis (BPO)
  • Leasing oversight
  • Investment oversite
  • Solutions based value enhancement
  • Long term planning

PROPERTY MANAGEMENT

  • Staffing of personnel
  • Benchmarking
  • Subcontracting/vendor management
  • Utility analysis
  • Tenant/owner relations
  • Monthly property inspections

LEASING & MARKETING

  • Lease-up strategy
  • ILS management
  • Fair housing training
  • Market analysis
  • Brand strategy
  • Strategic website design
  • Search Engine Optimization (SEO)
  • Reputation intelligence/management
  • Social Media
  • Outreach marketing