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Jim Miller
Worked at Performance Asset Management
Lived in Wauwatosa, WI
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http://pam.propertyware.com/index.html

Check out some of our featured rentals and share with anyone who may be interested.
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GUIDING PRINCIPLES

• If we can’t pay for our fees by eliminating expenses while increasing income then we don’t deserve your business.

• Efficiency and smart use of time impact the bottom line, therefore the first 30 minutes of all maintenance calls are included in our monthly management fee. 90% of all maintenance can be solved in 30 minutes or less so we don’t stall rather we solve.

• The last five years have witnessed a historic evolution of our real estate markets. The new realities of today’s market demand flexibility and sustainability. All of our services are cafeteria based, providing investors the flexibility in selecting which of our solutions to deploy. Sustainability demands we charge single and duplex tenants actual water expense. Larger multi unit buildings require a running 30 day average to be utilized to determine billing of tenants. Regardless of building size, today’s marketplace insists that tenants are responsible for their water usage.

• Another facet of real estate’s new marketplace is the rental for sale. The cost structure of property ownership demands revenue, therefore we successfully rent while these properties are being marketed for sale.

• Finally, we embrace the concept that each investor needs every ounce of income, cost reduction, and protection available in the marketplace. We are duty bound to bust our humps in delivering these advantages and protections.

MANAGEMENT SERVICES

• Rent Collection
• Owner Deposit
• All tenant communication and problem solving
• The first 30 minutes of all service challenges
• Collection of water bills
• All lease guideline compliance
• Regular Inspections
• Step in for tenants for lease responsibility
• Perform tenant task responsibility outlined in lease. (Lawn care)

Lease
• Tenant is responsible for cleaning common areas which are inspected every 60 days($50 cleaning fee)
• Tenant is responsible for batteries in smoke alarms, furnace filters, etc. ($50 Charge) Regular inspection
• Tenant is responsible for snow, leaves, weeds, grass. Additionally tenant is responsible for their own equipment. We charge the tenant $49 for any of the services above not being performed.
• There are a few other provisions included in the multiform lease package we use to protect property owners. All of the above mentioned charges are billed to the tenant. These expenses NEVER get passed down to our clients.

Direct Deposits
• We provide a direct deposit service to the bank, credit union of our client’s choice. This saves time and resources for all. Some clients prefer to pick up their cash and check revenues; clients have the choice in how they receive their funds. Uniquely we invoice separately from rent collections, thus all bank check and money orders are in the owner’s name.

Maintenance Projects/Repairs
• First 30 minutes solves 90%, the remaining 10% can get expensive, therefore we offer coop style contractors. Typically the pricing is extraordinarily inexpensive. Some owners have friends and relatives who they prefer to use. Any work performed on any of our clients gets consent before a project is started, providing the client with a hard cost number for the service to be performed. Any work performed without owner permission is at our expense.

QUALITY TENANT FINDER
• We charge the first month’s rent; this charge is inclusive and covers all costs associated with background, employment, and credit checks. Additionally, all advertising, showings, and signage expenses are included in the one-time fee. This fee also covers the legal execution of our extensive, multi paged lease package. Finally, please reference the separate sheet, “Quality Tenant Finder”, to understand the quality of our investigative process. The rubber meets the road when determining the difference between “quality”, and “other” tenants. An ounce of prevention goes a long way in preventing catastrophe tenants.
• This fee expires after 36 months for management clients. Thus, if in month 13 we replace tenants, you are not charged.
This fee also provides an eviction guarantee for our management clients, if you paid the Quality Tenant Finder fee on a tenant who is subject to the eviction process(always filed on the 11th which is the first day allowable by the statute) than we are financially responsible for this process
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Have him in circles
157 people
MICHELLE MCKENNA's profile photo
Caroline Southwell's profile photo
John Ramsay's profile photo
Bienes Raices LEM's profile photo
Pete Greenway's profile photo
Sue Goodhart's profile photo
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Previously
Wauwatosa, WI
Work
Employment
  • Performance Asset Management
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