A couple property owners approached me stating they have received notice from the Milwaukee Department of Neighborhood Services (DNS) that they must obtain new occupancy certificates on properties they purchased a couple of years ago. In both cases the properties had been in foreclosure.
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“The Department of Neighborhood Services until lately was a particular cross. “There was a real culture of hatred in the city towards property owners,”[snip]The Public Policy Forum a few months back said Milwaukee’s really short of low-cost rentals. If more people went into the business, researchers said, it could help. Yet Ballering, who’s owned for 32 years, told his son to find another occupation: “It’s such a difficult business,” said Ballering. “There’s better things to do with your life.”Not what a city in need of rental housing wants to hear from entrepreneurs who provide it.” Read entire article
A reader of the ApartmentAssoc Yahoo Group asks:
What is the size of Residential apartment industry in Southeast of Wisconsin?
It is pretty big. I haven’t gone through the work to assemble this data recently, but here is some older data. Assembling fresh data should be less today due to the amount of information you can find on the internet these days.
Ten years ago there were 25,000 rental owners in the City of Milwaukee and 31,000 if you included owner occupied duplexes and fours. (more…)
As a rental property owner in Milwaukee the following items should rank high on your list of concerns. (Just a draft) (more…)
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