Racine Property Management
Property management for Racine investors. A 98% occupancy rate, 97.2% placement rate, and a 88.76% lease renewal rate.
The Gap Between Rent Collected And Returns Earned
Racine is its own city, not a Milwaukee suburb, and its rental market behaves accordingly. The housing stock skews older than most of the Milwaukee metro, with a heavy share of pre-1940 single-family homes, duplexes, and small multifamily along the lakefront and through the historic neighborhoods. The renter base is workforce families, professionals working at major Racine employers, and longer-term residents.
Racine County runs from Lake Michigan west toward the I-94 corridor, mixing coastal city with former farm country: a revitalized downtown drawing real investment, beaches and a zoo on the lakefront, inland lakes for fishing to the west. Performance Asset Management (PAM) manages properties across all six Southeastern Wisconsin counties, and our residents renew at 88.76% against a 54% industry average, protecting cash flow in a city where rent ceilings make every avoided turnover meaningful.
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.
Racine 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 push to 50+ advertising platforms, with disciplined market-rent pricing grounded in a free CMA before listing.
Resident Screening
Applications reviewed against 24 months of rental payment history, net income, and bank balance — driving a sub-1% eviction rate for 17 years.
Rent Collection
ACH direct deposit through our resident portal — fast, traceable, automatic. PAM fees apply only to rent that actually arrives in your account.
Maintenance Coordination
24/7 response through our resident portal at $10 per work order, with vendor costs passed through at vendor rates. Same-day resident service.
Accounting & Reporting
Monthly investor statements plus CapEx forecasts, IncomeEx breakdowns, and full IRR calculations — every metric included in your management fee.
Eviction Protection
Coverage for the cost of a simple uncontested eviction (some restrictions apply). PAM's eviction rate has held under 1% for 17 straight years.
What The Market Looks Like Right Now
Racine's housing stock is older, denser, and structurally different from the Milwaukee metro. A large share was built before 1940 as workforce housing for the industrial economy that defined the city for most of the 20th century. Racine and Kenosha were both hit hard when manufacturing moved overseas in the 80s and 90s, and today's affordability traces directly to that history — many homes are Milwaukee-style bungalows built with an unfinished second level to keep entry prices low.
The city increasingly draws remote workers and Chicago-area residents pulled by affordability and an Amtrak connection, and Wells Brothers Tavern-Style Pizza is a well-known local stop. Pre-war systems, aging envelopes, and older roofs mean Racine rewards owners who plan CapEx instead of reacting to it, and PAM's free inspection is built for that profile. Rent ceilings sit lower than comparable Milwaukee County markets, so turnover costs, roughly $5,000 per unit, eat a larger share of annual returns.
Winter seasonality slows leasing across Milwaukee between November and February, which is why we price Racine units to the market rather than to aspiration: the price is the problem when a unit sits empty through a Wisconsin January.
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 via 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 Racine 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 Racine and the greater Milwaukee area. Read our reviews.
The Questions Racine Investors Ask Most
Every engagement starts with a free CapEx and IncomeEx inspection that maps the building's major systems against expected replacement timelines. The goal is to plan capital expenses rather than react to them.
Yes. PAM manages properties across all of Racine County, including Mount Pleasant, Caledonia, Sturtevant, and the surrounding villages.
The average lease renewal rate in Racine runs around 75% market-wide.
The vacancy rate in Racine is under 2%, supported by the area's continued affordability.
The likelihood of eviction in Racine is under 1%, also supported by the area's continued affordability.
Racine draws younger professionals, Chicago transplants, and digital nomads: people who can work remotely and are drawn to Racine's green spaces, nature, and affordability.
Racine is very walkable.
The quality of living in Racine is high. Racine sits roughly equidistant between Chicago and Milwaukee, giving residents easy access to both for entertainment and exploring.
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 proactive CapEx planning could mean for your Racine property.