Kansas City Property Management
American Real PM
American Real PM is dedicated to serving all of our property owners with the same service we would expect if it was our own asset being managed. This is what makes us stand out and why we’re the top-rated source for Kansas City Property Management Services. As Property Managers, we are here to find a great tenant, handle all maintenance, suggest upgrades to the asset when appropriate, handle rent collections, and more. We strive to make sure our owners’ net income is optimized so they can rest easy and focus on the next investment or simply enjoy their lives. As a top Kansas City property management team are passionate about real estate and even more passionate about our people and our clients
ROTI – Return On TIME Invested: By taking advantage of our Property Management services geared specifically for passive investors, you will free up a great deal of time that you would otherwise spend dealing with your rental. Instead of handling maintenance and rent collection, you can pursue ventures and spend more time with family and friends.
We Boost Your Properties ROI: Most property managers charge a percentage of your property’s monthly rental rate in exchange for their services. The standard rate runs anywhere from 8-10%. If you decide to “go it alone” as a landlord, you will quickly find that these fees are far less costly than the time and money you will spend trying to manage by yourself.
Enabling You to Invest in Geographically Distant Properties: If you manage your own properties, you’re pretty much limited to investment opportunities within a tight radius of your own home. By hiring us as your property manager, you can take advantage of investment deals in Kansas City even if you live out of the area, out of state or even out of the country.
Making Sure You Remain Within the Law: There are many applicable laws and regulations to abide by when renting and maintaining your rental property. These include local, state and federal regulations, as well as fair housing regulations (such as the ADA). Our team of experienced property managers from top to bottom will help you avoid lawsuits by keeping your property up-to-date and in compliance with these regulations.
Kansas City Property Market
Kansas City Real Estate Properties
The Kansas City real estate market is very hot and in many ways the envy of housing pundits on both coasts. Despite the COVID pandemic causing huge unemployment and impaired consumer confidence in real estate buying and selling, the Kansas City housing prices are soaring. Based on the FHFA all-transactions home price index, typical home values in the Kansas City MSA in the 4th quarter rose by 7.3 percent compared to the same quarter in 2019.
The residential housing market across the Greater Kansas City Region remained strong throughout 2020 according to year-end data from the Kansas City Regional Association of REALTORS® (KCRAR). Closed sales were up 6.3% for the year, indicating a good buyer demand. The average sale price increased by 10.4% to $272,623 in 2020. Which builds a larger demand for Kansas city property management
The Kansas City real estate market was already competitive before the coronavirus, with Kansas City home prices rising faster than most U.S. cities. A lack of inventory across the metropolitan area is the biggest driver of the rising prices. But in Kansas City, there is only about one month of supply of available homes for sale — which is an indicator of Kansas City being a strong seller’s real estate market. In addition, a renters market which leads to more Kansas City property management
According to the U.S. Bureau of the Census, a total of 732 single-family permits were issued in the Kansas City metropolitan area in March 2021, up from 408 in March 2020, an increase of 79.4 percent. Year-to-date, 1686 single-family permits have been issued, up from 1120 over the same period in 2020.
Kansas City Housing Market Trends 2021
Kansas City American Real PM Property Managers
Located on the Missouri River at the confluence with the Kansas River, the city is contiguous with Kansas City, Kansas. But most of Kansas city lies within Jackson County, Missouri. A large, prosperous, self-sufficient, and culturally rich city, it is no wonder why it has seen a continuous rise in its employment, directly impacting the local real estate.
Here are the Jackson County housing statistics for March 2021. In March 2021, closed sales were up by 3.4% while the median house price jumped 11.4% to $210,000, according to the Kansas City Regional Association of Realtors (KCRAR).
Rental Properties in the Kansas City, MO Area
Location Statistics: At this point and time Kansas City represents one of the top rental markets in the country. The current housing shortage means that there are large numbers of families and individuals who are looking for homes, but will not be able to find them.
Housing inventory in the area has fallen by 55.4% since 2012 (kansascity.com). The squeeze is hitting surrounding areas like Omaha (-48.1%), St. Louis (-37.5), and Tulsa (-24.3) as well.
As a landlord in the Kansas City area, you would be in position to generate strong rental income for years to come.
Kansas City Property Management Stats
|Population||481,420||Median Household Income||$45,821|
|Zillow Kansas City SFR Median Rent||$1,068||Rental Occupancy Rate||34.74%|
|Renters Warehouse Kansas City SFR Median Rent||$1,262||Vacancy Rate||5.74%|
Average travel time to work:
Accounts for 56% of the metro area workforce.
Cost of living:
3% below the national average
American Real PM
Kansas City Property Managers
Do you need a license to be a property manager in Missouri?
In the State of Missouri to be a legal property manager you must have a real estate license and operate under a broker.
What does a residential property management company do?
Property managers do a lot more than just collect rent:
- Create rental property listings
- Detailed tenant screening
- Tenant placement
- Property inspection
- Help you deal with the coronavirus pandemic
- Minimize rental property turnover
- Manage regular maintenance tasks
- Emergency maintenance requests
- Help you make tax deductions
- Focus on maximizing rental income
- Avoid surprising liabilities
- Manage lease terminations
- Encourage qualified tenant lease renewal
- Manage tenant satisfaction
- Local emergencies
- Immediate response to maintenance requests
- Responding to natural disasters
- Handle the eviction process
- And much more
How do I find a good property management company in Kansas City?
There are many property management companies in the Kansas City area, and there are also many real estate agents who try to manage properties on a part-time basis. You must conduct your due diligence to ensure you find the right St. Louis company to manage your investment and maximize the properties earning potential.
Our Local Team
Kansas City Property Manager
Erik was born and raised in Kansas City and has always stayed close to his roots. He went on to the University of Kansas, where he received his Communications degree and minored in Small Business Management. As soon as he graduated, Erik started working with a commercial construction and management company. After 5 years of growth into management, he decided to switch it up and joined the home insurance industry. His first taste of the Real Estate business was in 2012 when he and a close friend started a management company that eventually grew from 20 doors to over 400. Erik began managing properties in 2014, and became a licensed realtor in Missouri and Kansas. He worked in Real Estate sales from 2015-2018 and learned the ins and outs of the Kansas City market. In 2018, American Real PM was expanding to Kansas City. A mutual colleague introduced Erik to Kyle Karker, and shortly after, Erik joined the team. Erik and his wonderfully supportive wife, Katy, have a dog and two cats, enjoy fishing, music, and of course, Kansas City.
American Real PM
Kansas City Property Managers
Here are a few best practices for choosing a property manager:
- Ask for references.
- Request internal customer satisfaction scores.
- Check online reviews from several sources.
- Have a conversation with each potential candidate.
What questions should I ask a Kansas City property management company?
It is crucial to understand how a property manager would react to particular scenarios. With that in mind, have a handful of questions specific to their real-world experience.
- How would they deal with a tenant who is regularly late with rent?
- What would they do if they got a call early in the morning or late at night with an emergency maintenance issue?
- How do they go about keeping tenants happy so they retain them when the time comes for lease renewal?
A property manager has to be ready for everything, but they also need to know who to go to when they need help.
What makes a good property manager in the Kansas City area?
Expertise and level-headedness are crucial to good property management. You need to know how to talk with people, negotiate prices, and anticipate challenges.
You also need to maintain a professional, respectful, and amiable demeanor no matter what’s going on. Property managers see it all, from tenants excited to find a new home to residents in challenging circumstances facing eviction. Through it all, property managers need to be experienced in every facet of professional property management.
How much do property managers charge in Missouri?
This is usually a set fee depending on the number of properties you have. Management Fee This is the most common fee. It can be a flat fee or a percentage based on the value of the rent that’s coming in. Expect to pay between 8 and 12 percent and as high as 15 percent in some markets.
Do property managers need to be licensed in Missouri?
Property management agencies in Missouri are required to have an active real estate broker’s license. This is because leasing and renting, which are critical components of property management, are considered real estate activities by current Missouri real estate licensing laws.
Is Kansas City a good place to invest in real estate?
Kansas City is among the few American cities where renting is more reasonable than buying. … “A well-rounded economy, combined with low entry prices and favorable supply and demand conditions make Kansas City one of the best places to invest in rental real estate this year.