St. Louis 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 St. Louis 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 St. Louis 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.
St. Louis Property Market
St. Louis Real Estate Properties
St. Louis’ wealthiest ZIP codes:
- 63005, Chesterfield: $160,354.
- 63124, Ladue: $149,423.
- 63131, Town and Country, Frontenac: $144,159.
- 63038, Glencoe (Wildwood): $125,441.
- 63141, Creve Coeur: $110,645.
- 63341, Defiance: $105,298.
- 63040, Grover (Wildwood): $103,911.
- 63017, Chesterfield: $99,099.
Is St Louis a good place to live?
St. Louis ranks among the best places to live. According to the 2019 U.S. News & World Report, St. Louis ranks among the best places to live in the U.S., coming in at number 81 of 125 cities.
What is a good salary in St Louis?
A person working in St. Louis typically earns around 75,800 USD per year. Salaries range from 19,200 USD (lowest average) to 338,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.
St. Louis is getting more and more attention recently from Overseas investors, it is not surprising really as Missouri is one of the cheapest states in which to buy a house. According to a recent study by financial technology company SmartAsset who analyzed data for all 50 states and D.C. on metrics including median listing price and average closing costs Missouri came tops for value for money.
The St. Louis real estate housing market did experience many of the same setbacks onset by the COVID-19 pandemic as the rest of the US but real estate in St.Louis was very strong heading into 2020 before the pandemic arrived. It is now predicted that the St.Louis real estate market will come out even stronger once everyone has weathered this storm. Compared to single-family home sales for the same months in 2019, Metro East home sales in 2020 were down only by single-digit percentages — 3% from March 2019 to March 2020 and 6% from April 2019 to April 2020.
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St. Louis Housing Market
St. Louis Real Estate Properties
If we look at the St. Louis housing market today we can see that the median home value stands at $131,350. The last 12 month appreciation rate for St. Louis was 3.8% and taking into consideration a global pandemic it shows how strong the St. Louis housing market actually is. We also see that the rental market is still very strong, the median rent price stands at $1,100 with a Price-To-Rent Ratio of 9.95, one of the best in the US.
Building a rental property portfolio today makes more sense given the current market conditions in Saint Louis, the trends are in favour of the Overseas Investor, interest rates on traditional loans are historically low, strong cashflow from high rental demand and the strong price-to-rent ratio suggests home prices will further increase rental demand.
What Can Your Saint Louis Property Rent For?
Pricing a property correctly is one of the most important functions of a St. Louis property manager. You’re relying on good data and deep market knowledge. We take this seriously because we know that rental prices determine everything from how fast a property will rent to the type of resident you will attract. At American Real PM we conduct a comparative market analysis (CMA) that shows what properties are available for rent in comparable neighborhoods and what all those properties have rented for in the last few months.
No more leaving money on the table and no more waiting for a good resident to pay what you’re asking. We establish a fair market value to attract well-qualified residents quickly and efficiently!
Have anymore questions about our st. louis property management, we have an entire team full of St. Louis Property Managers waiting to assist you.
Median Home Cost:
Half of the national average.
Cost of Living:
18.7% less than the national average.
American Real PM
St. Louis Property Managers
St. Louis Property Management FAQ
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.
American Real PM
St. Louis Property Managers
St. Louis Property Management Questions:
Here are a few best practices for choosing a St. Louis 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 St. Louis 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 St. Louis 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 St. Louis a good place to invest in real estate?
St. Louis 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 St. Louis one of the best places to invest in rental real estate this year.