"This acquisition not only adds more units to our current portfolio, but we are now the preferred leasing and property management vendor for Home Invest here in Milwaukee.”
MILWAUKEE (PRWEB) December 18, 2017
Renters Warehouse, one of the largest and highest reviewed residential property management companies in America, announced today that its Milwaukee franchise, established in October 2014, has taken over the property management contracts for hundreds of single-family properties from Home Invest Property Management of WI, LLC.
Renters Warehouse Milwaukee acquired a total of 223 units from Home Invest, bringing its total doors under management to 453. At this time, 408 (or 90%) of those properties are currently occupied on account of a strong rental market in the Milwaukee area and across the Midwest. This strategic acquisition is key to building an even bigger Renters Warehouse footprint and brand across the state of Wisconsin. It also helps extend the brand much further given that Home Invest’s varied client base is located throughout the United States and around the world.
As local franchise owners Andrew Noegel and Tom Didier shared, “We are very excited to grow the business. This acquisition not only adds more units to our current portfolio, but we are now the preferred leasing and property management vendor for Home Invest here in Milwaukee.”
While Home Invest will continue to internalize property management in other markets across the country, the Home Invest Acquisitions & Rehab team will add anywhere from 10 to 30 additional units per month to the Renters Warehouse leasing and management business in Milwaukee. Something Noegel and Didier look forward to as part of a much larger future partnership.
“We are thrilled to be providing top-notch leasing and management services for both our current and future Home Invest clients in our market,” they shared. “We are very much looking forward to future investor growth here in Wisconsin.”
With the Midwest being known for its affordable lifestyle and scenic escapes, it’s no surprise that many Americans are choosing to settle down in cities such as Milwaukee, making it an attractive landscape to invest in single-family rental properties. The median rent price in Milwaukee is between $1,050 and $1,200, according to Zillow with the median listing price for a home for sale at $119,900.
Renters Warehouse exists to help homeowners and investors create wealth and financial freedom through Rent Estate™. To learn more about Rent Estate, visit http://www.rentestaterevolution.com and order your copy of Rent Estate™ Revolution, Renters Warehouse’s cornerstone book for the masses authored by Kevin Ortner and with foreword Dr. Arthur B. Laffer, Phd., Economic Policy Advisor to President Ronald Reagan.
About Renters Warehouse
Renters Warehouse is one of the fastest growing and highest reviewed residential property management companies in America. Backed by growth equity investor and majority stakeholder Northern Pacific Group, and under the leadership of President and CEO Kevin Ortner, Renters Warehouse now manages more than $3 billion in residential real estate, servicing over 13,000+ investors across 20,000+ residential homes over 42 markets and 25 states. NPG Managing Partner Scott Honour, who in 1999 was a founder of YapStone, a leading online rental property payment service provider, serves as Chairman.
Renters Warehouse expertly serves everyday single-property homeowners as well as real estate investors. In 2015, the company officially trademarked the term Rent Estate™ to redefine the entire SFR (Single Family Rental) industry as more traditional real estate gives way to this new lucrative asset. Through their dedicated Portfolio Services Division led by Chief Investment Officer Anthony Cazazian, the company also brings professional, scalable and efficient single property management solutions to investment portfolios with both centralized services and local market expertise and staff. Not only has Renters Warehouse received the prestigious honor of being included on the Inc. 500 | 5000 list of fastest-growing privately held companies in America eight consecutive years in a row, it was also named one of the “Best Places to Work” in Minnesota (where they are headquartered) by the Minneapolis St. Paul Business Journal in 2010, 2011, 2012, 2014, 2015 and 2016. The company was also honored as a best place to work in Arizona (a centralized corporate services center) by the Phoenix Business Journal in 2013, 2014 and 2017, and achieved a spot on the prestigious 2016 Top Companies to Work for in AZ list. Nationwide, Renters Warehouse has been honored as one of America's "Best Places to Work" in 2012, 2014, 2015 and 2016 by Outside Magazine. Recognized as pioneers in real estate, business management and innovation, Renters Warehouse has been awarded 22 Business Stevie Awards both internationally and stateside.
In 2017, Renters Warehouse received an “A” rating from the Better Business Bureau (BBB) after meeting the BBB’s eight Standards of Trust and earning BBB Accreditation. In 2016, Morningstar Credit Ratings, LLC, a nationally recognized statistical rating organization (NRSRO) offering a wide array of services including operational risk assessments, assigned its MOR RV2 residential-vendor ranking to Renters Warehouse as a residential property manager, indicating that the company demonstrates proficiency in managing key areas of operational risk.
In 2017, Renters Warehouse published its first book - Rent Estate™ Revolution. Authored by CEO Kevin Ortner, the book shares the Renters Warehouse philosophy and business expertise around single-family rentals and the power of Rent Estate to drive long-term wealth creation, retirement security and financial freedom for the everyday person. Order your copy today: http://www.rentestaterevolution.com.
Media Inquiries / Interviews: