|Specialty||# of Agencies|
|Single House or Condo||8|
|Home Owners Association||4|
|Total Local Companies||12|
Kansas City, KS Rental Market OverviewIn 2013, 820 new apartment units were completed in the Kansas City metro, which is more than double the 364 units built the previous year. The Marcus & Millichap 2013 National Apartment Report suggests that continued growth in the KC local economy should encourage local investors to target value-added Class B and Class C rental properties. Out of state investors should remain active in the market.
Compared to other real estate markets in the nation, the foreclosure inventory in Kansas remains among the lowest in the US, so individual investors will have to look hard among picked-over listings to identify distressed properties in good condition. That's why a number of small landlords and independent investors consult with Kansas City property management companies. Most property management companies employ real estate professionals who work closely with tenants and property owners on a daily basis, so they're usually among the first to recognize and anticipate changing trends and conditions.