Young Management Corporation has trained property management teams that deal with increasingly complicated federally assisted housing programs and HUD-mandated programs.
Our certified occupancy specialists have completed extensive training and testing in administering and managing various types of subsidized programs. Young Management Corporation has achieved excellence on a regional scale in managing affordable communities. Management services are tailored to meet specific needs in the following areas:
- On-Site Property Management Supervision
- On-Site Preventative Maintenance and Repair
- Affirmative Fair Housing Marketing Plans
- Skilled Financial Management
- Special HUD Reporting
- Compliance Management
If compliance issues like inspections, resident verifications or reporting seem overwhelming, Young Management Corporation can help; our trained staff will take the burden of meeting HUD compliance requirements. We constantly monitor the ever-changing governmental rules and regulations governing federally funded facilities. Please be sure and take a look at our services page.
YMC’s mission is to provide superior affordable housing, allowing residents to live in their own home confidently and comfortably and for as long as possible.
Top 10 Reasons to Hire Young Management
Owning rental properties can prove quite lucrative. In fact, about ninety percent of the world’s millionaires have been created by investing in real estate over the last two decades.
It takes hard work and perseverance to keep your investment profitable. If you are managing your property by yourself, it’s likely that you are investing a considerable amount of time into your investment.
While this can work for some hands-on investors, it may not work for others. If you belong in the latter group, then hiring a property management company is advisable.
Young Management is professional, reliable, responsive, and accommodative. We’ve been able to help investors maximize their ROI from their Kansas City investments. If you are considering hiring a property management company, you are at the right place.
Here are 10 ways Young Management can help you maximize your property’s potential:
1. Competitive Market Rates
Be believe that charging the right rent will attract the right tenant. At Young Management, we have tried-and-tested tools and strategies to help you determine the right rent for your property.
Among these tools is conducting a comparative market analysis. This analysis helps us determine how much similar properties in the neighborhood are renting for. In addition, we also use market experience.
These strategies coupled with our years of experience help us ensure that your rental property not only remains competitive but also gives you maximum returns.
2. Rent collection
As a landlord, you probably know how stressful rent collection can be. With our services, you can rest assured that payments will be made on time.
At Young Management, we take rent collection seriously. The way rent is collected can mean the difference between failure and success.
We provide various rent collection options so that it is convenient for our tenants. In addition, we have policies that guide us regarding late payments.
3. Marketing and advertising
Marketing your property is essential so that it’s seen by the targeted audience. Our team is well experienced in this regard.
We make use of different advertising platforms to ensure your property attracts the best tenant. We’ll begin the process by taking high-quality photos of your property. These photos highlight the best features of your property.
Next, we’ll list your property in top rental listing sites. For example, Zillow.com, Rent.com, and Apartments.com. These marketing strategies and others will help you tap the right tenant pool.
4. Tenant screening
All our tenants must undergo a thorough tenant screening process. The process is fair and adheres to all relevant laws, especially the Federal Fair Housing Act.
Our screening process includes these:
- Landlord reference checks
- Employment verification
- Credit report review
- Criminal background and security checks
5. Managing tenant relationships
Young Management understands how important it is to have a healthy relationship with tenants. When the relationship is healthy, tenants are generally happy and rent longer. Low tenant turnover means that you can save money that is associated with relisting the property.
We employ various strategies to ensure we keep the relationship with our tenants healthy. Such strategies include:
- Ensuring that repairs are handled in a timely fashion
- Responding to tenant issues without delays
- Establishing an effective communication channel
- Treating tenants with respect
- Setting expectations about important things in advance
6. Building vendor relationships
We have been providing property management services in Kansas City for * years now. During this time, we’ve been able to build a network of professionals who help keep our managed properties in tiptop condition.
Because of the volume of work we have, we are able to negotiate favorable terms and rates. Aside from ensuring the repair and maintenance tasks are handled professionally and on time, we also pass along the costs savings over to you.
7. Keeping you legally compliant
Young Management team is well-versed in all legal matters. All our processes adhere to the Missouri landlord-tenant law and the Federal Fair Housing Act.
Our in-house staff training also helps our team stay abreast of the latest developments. This means income protection and liability reduction for you.
You can also count on our team about tenant eviction. Our legal team will ensure that the process is quick and at the least cost to you.
8. Maximizing the value of your time
By investing in a professional management company, you can free up time for what you love. Be it furthering your personal career or growing your portfolio.
Much like how lawyers specialize in the law and accountants focus on tax, it only makes sense to let Young Management handle your Kansas City-based rental property.
9. Maintaining the value of your property
Young Management will ensure that your property’s value is maintained. That’s why we are strict and thorough with property inspections.
We do four types of rental inspections. They are:
- Move-In Inspection
We do this when the tenant is moving in. This inspection helps document the property’s condition so that tenants are aware of the condition it should be returned in at the end of their tenancy. We’ll charge tenants for any damage that’s in excess of normal wear and tear. This helps preserve your property’s value.
- Seasonal Inspections
Each season calls for preventative maintenance on your property. The inspection helps assess your property for needed repairs and ensure the lease is adhered to.
- Drive-By Inspection
This inspection helps us check for lease violations such as unauthorized guests and pets.
- Move-Out Inspection
The move-out inspection acts as a reference for any excessive property damage. We review everything to ensure that the tenant returns the property in the same exact condition it was when they moved in. For excessive property damage, we’ll deduct the costs of repair from the tenant’s security deposit.
10. Ensuring the highest ROI
By working with us, you can rest assured that you’ll get the highest ROI. Our team is comprised of specialists who we handpick for their expertise, professionalism, and resourcefulness.
Young Management doesn’t use complicated pricing structures and hidden fees to hit you where it hurts. Because of this, it’s no wonder that we have a high client retention rate.
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