Business As Mission Model

2014 was such an amazing year for our team! I would like to personally thank all the amazing investors and residents that allowed Meridian to exceed our goal of acquiring 100 properties in less than 4 quarters!

As we move in to the new year we have realized there is a true need for reliable contractors for the hundreds of rehabs in the Urban Core of Kansas City. Investors are choosing the Kansas City market for the incredible cap rates and availability of homes to purchase in bulk...the problem is the renovation of the homes for suitable living. Every contractor seems to have their own idea of what is acceptable "move in" conditions. An investor may buy a rehab property for 15K after being told another 10K would get the home to an acceptable condition for a renter to move in. The problem is that they are not the ones who are having to market the property nor are they the ones being called a few months down the road when there is major maintenance to be performed. It is amazingly frustrating as a property manager to be asked to market property that is not in acceptable condition. Market rates for rentals are at an all time high, even in the less than desirable neighborhoods. Putting logical and smart improvements to your property is going to benefit everyone...new windows, upgrading furnaces and roof repairs may be expensive up front costs, but down the road they are going to attract long term residents and minimize turn over costs. There are so many wonderful neighborhoods in the Kansas City area that just need a little TLC. Recently, we sent our amazing lawn care company to a home that was starting the rehab process. The home had not been touched in several year so it took several mows and a lot of trimming up to even get the yard in decent shape. The owner of the company called me that day and said by the time they were finished the neighbors were applauding them for finally cleaning up the home. This showed me that there is still residents that take pride in their homes...even if it is a rental...and that Kansas City has the ability to improve these neighborhoods, one yard and at time...one rehab at a time.

Meridian is looking to focus on the renovation process this year in hopes to find solutions for the lack of full service contracting specifically for the Urban Core. We hope to be able to provide a service that gives out of town investors confidence and security in their investments while also giving our management and leasing team a product that can be easily marketed. We want to be the solution to distressed communities such as the Urban Core,  by providing safe and clean homes for every resident. We want to work with non-profits, government agencies and churches to help people find reasonably priced homes in neighborhoods were residents care about their community. In order to accomplish this, we must match the right contractors with investors that understand the bigger picture of Kansas City's neighborhoods and work together to make a difference...to work our business as a mission....

For more information on our Business As Mission plan contact Crystal with Meridian Realty & Property Management!
816-463-3000
www.meridianpropertysolutions.com