Historic Third Ward Property Management
Property management for Third Ward investors. A 98% occupancy rate, 97.2% placement rate, and a 88.76% lease renewal rate.
The Gap Between Rent Collected And Returns Earned
The Historic Third Ward sits just south of downtown and north of Bay View, where the Milwaukee River meets Lake Michigan. Once the city's produce market district, it's now widely considered Milwaukee's premier art and entertainment neighborhood: a landscape of converted brick warehouses, high-rise condos, and true urban living.
Performance Asset Management (PAM) has managed Third Ward properties since 2010. Our residents renew at 88.76%, well above the industry average of 54%, which keeps your cash flow stable in a neighborhood where finding the right next resident can be a challenge.
Rent Collection vs Asset Management
Most property managers collect rent. PAM runs your property as the asset it is, with numbers to show what that earns you.
8% of Collected Rent
Capped at $250 per month. Fees waived when the property is vacant. No trip charges, no setup fees, no termination fees.
See our fee structureResidents Who Stay
Industry average is around 54%. Top performers reach 70 to 80%. PAM hits 88.76% through our "humanation" approach to resident retention.
Historic Third Ward Asset Management Reporting
Every engagement starts with a free CapEx and IncomeEx inspection, so you see future cost exposure before it shows up on your statement.
Six Stackable Guarantees
Exit, Results, Leasing, Eviction, Pet, and Same-Day Service Guarantees. Cancel anytime with one day's notice and zero termination fees.
Walk through the IRR Calculator to see projected returns based on your property, hold period, and management costs.
Six Integrated Services — End To End
We don't hand you a menu of à la carte add-ons. We run all six end to end. Hover any service to read more.
Rental Marketing
Listings on 50+ advertising platforms.
Resident Screening
Our resident screening reviews 24-month rental history, net income, and bank account balance.
Rent Collection
ACH direct deposit through our rent collection system. PAM fees apply only to rent that actually arrives.
Maintenance Coordination
24/7 maintenance response. $10 per work order, vendor costs passed through.
Accounting & Reporting
Monthly investor financial statements plus CapEx forecasts and IRR calculations.
Eviction Protection
Eviction protection covers the cost of a simple uncontested eviction. PAM's rate has stayed under 1% for years.
What The Market Looks Like Right Now
The Third Ward is home to the Milwaukee Public Market, with The Hop streetcar running straight through the neighborhood and the Amtrak station within easy walking distance. Henry Maier Festival Park sits nearby, hosting Summerfest and Pride Fest each year. The Public Market also has the city's best outdoor pickleball courts. For dining, Cassis (French bistro), Saffron (upscale Indian), and Purple Door Ice Cream are neighborhood favorites.
Residents skew upscale professionals, spanning late 20s to 70, drawn to a highly walkable, premium-priced neighborhood.
Want to see what your property is worth as an investment? Walk through it with PAM's IRR Calculator →
A Three-Step Engagement, Built To Last
Starts before a resident moves in. Continues through the full hold period.
Free Market Analysis
We pull a CMA for your address, set rent at market (not aspiration), and walk the property to scope rent-ready vs. move-in-ready work. No cost.
Resident Placement
Listings go live across 50+ platforms with 24-month screening, and the Leasing Guarantee covers any PAM-placed resident who leaves before 12 months.
Ongoing Asset Management
Monthly investor statements, CapEx and IncomeEx inspections twice a year, lease renewals at the 88.76% rate, and 24/7 maintenance through our resident portal.
Not Sure What Your Current Renewal Rate Is? Find Out
If your manager doesn't know the number, that itself is a signal worth a 15-minute conversation.
Six Fees Most Historic Third Ward Managers Stack — None Of Them On A PAM Invoice
Monthly management is 8% of collected rent, capped at $250/mo. Placement is 100% of first month, capped at $1,500. Lease renewal is $300 flat. Maintenance coordination is $10/work-order. That is the full list.
Full breakdown lives on our pricing and fees page.
Four-Point-Seven Stars — Seventeen Years Of Reviews
From investors and residents across the Historic Third Ward and downtown Milwaukee. Read our reviews.
The Questions Historic Third Ward Investors Ask Most
The average lease renewal rate in the Third Ward runs around 72% market-wide.
The vacancy rate in the Third Ward runs around 2% to 3%, slightly higher than some neighborhoods due to the concentration of condo inventory.
The likelihood of eviction in the Third Ward is under 1%.
The Third Ward draws upscale professionals spanning a wide age range, from the late 20s through 70.
The Third Ward is extremely walkable at all times of day, and it's one of the more expensive neighborhoods in Milwaukee.
The quality of living in the Third Ward is very high.
Still have a question? Call (414) 368-0460 — fifteen minutes is enough to walk through your portfolio.
We manage every property like it's our own, because your success is our business. Your annual performance is our forever reputation.
Schedule A 15-Minute Call
With Jim Miller
Find out what an 88.76% renewal rate and same-day resident service could mean for your Third Ward property.