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Trust Lubbad Investments to Manage and Maintain Your Property.  Our responsibility is to protect the value of the owner's investment, while maximizing the owner's return on investment.

Since 1996, Lubbad Investments has managed many of the most prominent residential addresses in Milwaukee and the suburbs. Over the years we have learned that providing our clients with superior service means defining "responsibility a little differently . . . as the "ability to respond."

We work to improve property values of residents homes and insure peaceful enjoyment within their community by providing . . . efficient daily operations, well managed capital improvements, accurate accounting records and effective financial planning.


Responsibility of Property Managers

  1. To preserver the owner's investment through the planning of long term improvements for common areas and units.  If the owner and manager agree that the property should be improved in the future, the manager should budget accordingly to cover the cost of future improvements.
     
  2. To maximize income by:

a.  Marketing space and setting market rents by comparing rents of similar properties and ensuring rents cover operating expenses, fixed costs, and profit on the owner's investment.

b.  Planning miscellaneous expenses so they contribute to the rental attractiveness of the building and its value.

c.  Screening tenants as to their ability to pay rent and their history of taking care of their leased property.  Credit and employment checks are usually ordered and evaluated.  Business tenants should be compatible with building and other tenants.

d.  Collecting rents on a timely basis and enforcing eviction policies in the case of non-payment of rent.

f.  Preparing budgets for the future and communicating with the owner.  

g.  Enforcing lease requirements.


Fiduciary Responsibilities

Non-client funds from property management and rental accounts includes rental application deposits, security deposits, and rent.  They may usually be deposited in one of three accounts and it makes no difference if the owner is a licensee.  They may be deposited in a regular trust account (non-interest bearing;) an interest bearing account if the broker gets the written consent  from the parties and specifies to whom the interest will be paid (no interest may be paid to the broker;)  and the rental owner's account.  This is an account maintained by the rental property owner for the deposit and disbursement of the owner's funds.  The broker may be designated as signatory on the owner's account and authorized by the owner in writing to make disbursements from the account.


Management Fee Structure

  • $35.00 for each unit per month.

  • $200.00 for the first 8 units per month.

  • $150.00 for each additional 8 units up to 32 units total

  • $100.00 for each additional 8 units over 32 units total

Monthly Management Fee

48 Units $750.00 monthly charge
32 Units $650.00 monthly charge
24 Units $500.00 monthly charge
16 Units $350.00 monthly charge
8 Units $200.00 monthly charge
  • Over 75 units negotiable
  • Plus Maintenance *
    * It is understood and agreed that Lubbad Investments Property Management is not required to make repairs at said property however if maintenance services are requested and performed than they will be billed as agreed.
  • Plus Rental Commission
    There is a $35.00 additional charge for each apartment rented