Top City Searches in Wisconsin
Wisconsin: The Badger State
Wisconsin has an estimated population of 5,893,718 residents. The state capital is Madison, while the most populous city is Milwaukee. In addition to the Badger State, Wisconsin is also nicknamed America's Dairyland. It is known for its dairy production, particularly cheese.
Wisconsin also boasts a vibrant arts and culture scene. There are numerous museums in the state, such as the Milwaukee Art Museum
, the Milwaukee Public Museum
, and Circus World Museum
. The state is also home to several performing arts companies, including the Madison Opera
and the Milwaukee Ballet
. Aside from that, Wisconsin also hosts many events, such as the Hodag Country Festival, Summerfest, Polish Fest, and Oktoberfest.
Sports also play a significant role in the culture of Wisconsin. The Green Bay Packers (NFL), the Milwaukee Brewers (MLB), and the Milwaukee Bucks (NBA) are the major sports teams that operate in the Badger State. Colleges and universities located here include the University of Wisconsin-Madison
, the University of Wisconsin-Milwaukee
, Marquette University
, and Lawrence University
The State of Wisconsin's Rental Market
With a low cost of entry and a wide pool of renters, Wisconsin has an attractive rental market. The median sale price
for a home in this state is $245,000, representing an 8.2% year-over-year change. Out of the state's population, 33% are renters.
Image via towncharts.com
In terms of rent, Wisconsin boasts a lower median rent compared to the national median. The median rent in the state was $867 in 2019. Still, when you put it into perspective, this is still higher than the previous years' rent in the state. In fact, rent has been steadily climbing in Wisconsin since 2012.
Image via deptofnumbers.com
Additionally, Wisconsin is known to have a low vacancy rate. In 2019, the state vacancy rate was 4.93%. Meanwhile, the national vacancy rate was 5.97% in the same year. Beyond that, Wisconsin also has moderately landlord-friendly laws.
How a Wisconsin Property Management Company Can Help
Wisconsin's rental market is definitely one to watch out for. And, this is exactly why many property investors are lining up to take a slice of the pie. However, managing rental property in Wisconsin is no easy feat, particularly if you have no background in rental management. Landlords also typically lack enough time to focus on managing their rentals when they have personal responsibilities to juggle.
This is where a Wisconsin rental management company comes in.
With a professional service, landlords can rest easy knowing their investments are in capable hands. A property management company can shoulder all of the duties and responsibilities that landlords normally perform. These duties include but are not necessarily limited to:
Furthermore, a property management company can assist you with budgeting and financial management as well as tax preparation. Should you ever need it, a company can also help you process evictions. Property management in Wisconsin does not need to be hard. With experienced professionals by your side, you can just sit back and wait for the checks to come in.
- Property listings and marketing
- Tenant screening
- Property showings
- Rental rate setting
- Lease agreement preparation
- Property inspections (during the moving process and routine)
- Rent collection
- Lease terms enforcement
- Maintenance and repairs management
Search for the Best Property Management in Wisconsin
Look for a Wisconsin property management company that fits your needs and budget. With Rental Choice's online directory, you can search for property management companies by city or state. Our online database only lists reputable and trusted management companies, so start browsing today!