NEED Kansas City Property Management company?????

Question

I need to find a new management company for some homes I have in KC. Could anyone please give me some referrals? I really need to find someone fast.

Andrew Syrios · Answer

I've heard good things about Voepel, but have never used them so I can't vouch for them. Would be worth contacting and interviewing at least.

Nathan Gesner · Answer

Go to www.narpm.org to search their directory of managers. These are professionals with additional training and a stricter code of ethics. It's no guarantee but it's a good place to start. Regardless of how you find them, try to interview at least three managers.

1. Ask how many units they manage and how much experience they have. If it's a larger organization, feel free to inquire about their different staff qualifications.

2. Review their management agreement. Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.

3. Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers. It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees. Fees should be clearly stated, easy to understand, and justifiable. If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee. Don't be afraid to negotiate!

4. Review their lease agreement and addenda. Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.

5. Don't just read the lease! Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc. If they are professional, they can explain this quickly and easily. If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.

6. Ask to speak with some of their current owners and current/former tenants. You can also check their reviews online at Google, Facebook, or Yelp. Just remember: most negative reviews are written by problematic tenants. The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.

7. Look at their marketing strategy. Are they doing everything they can to expose properties to the widest possible market? Are their listings detailed with good quality photos? Can they prove how long it takes to rent a vacant property?

This isn't inclusive but should give you a good start. If you have specific questions about property management, I'll be happy to help!

William Robison · Answer

@Nathan G.makes many great points here.  For Missouri assets, I would add one more point to make sure that your property manager is a licensed real estate broker.  This is required by Missouri Real Estate Law (MREC).  Over the years, I have witnessed many property managers that operated without proper licensing, and in order to be compliant and be held to an appropriate standard, its good business practice to follow, at least in Missouri.

Alex Olson · Answer

@Duane Rademacher @Eric Sanford you are thinking of @Colin Douthit and yes he is great.voepel, chief, and then recommend the friend and family route, especially for sfh.

Eric Sanford · Answer

@Duane Rademacher I really like the guy that runs Atlas Property Management. He’s an engineer. Super nice guy to talk to. Runs the properties well.

Thanks for tagging me, @Jonathan Farber

Jonathan Farber · Answer

- @Eric Sanford any recommendation ?

William Robison · Answer

Thank you Duane for your confidence and support!  We are always willing to have a conversation with investors needing a review of their current processes and how we could help.

Duane Rademacher · Answer

@Jonathan A. Plaid management, call Austin Hasty at 7852481393. They are busting a** for me! What a team! Drop my name as I just let him know about your inquiry.

Jonathan A. · Answer

@Duane Rademacher which company did you go with if I may ask? I need a property management too for my apartments

Duane Rademacher · Answer

I did find a new company, thank you all.

NEED Kansas City Property Management company?????

Most Popular Reply