Wishing Our Clients a Very Happy 2013!
CJB, the company who undertakes the care and property management for some clients, will be known as and trade as JMA Property Services from 2013.
This change is the result of bringing all our operations under one entity and company name.
Wishing Our Clients a Very Happy 2013!
CJB, the company who undertakes the care and property management for some clients, will be known as and trade as JMA Property Services from 2013.
This change is the result of bringing all our operations under one entity and company name.
More About JMA
JMA’s sole focus is providing a full real estate service to international buyers looking to acquire residential investment property in the USA.
One of our focus areas is researching and offering carefully selected real estate opportunities to our clients and sales partners. We then make sure that we look after this property to the highest possible standards, through tenant selection, rent collection, management of expenses, tax return support and regular communication with owners. Our aim is to make ownership for our clients as enjoyable and straightforward as possible.
Q1 sees the introduction of our new management software, powered by Rent Manager. Client statements will take on a new appearance, which should afford all owners a clearer, cleaner statement. Later this year we will roll out the online functionality of Rent Manager which will enable clients to have real time access to all matters pertaining to their property.
Who We Are
Mel Johnson
Principal & Head of Property Management. Mel has 35 years experience in the property industry and carries a Broker’s License in 4 different states, as well as being licensed to conduct Title business in 26 states. Mel has overall responsibility for property management and title business at JMA.
Alistair Auty
Principal & Head of Sales. Alistair has 17 years international business development experience. Alistair has overall responsibility for New York & New Jersey, client communication, product sourcing, direct and partner sales.
We look forward to meeting with clients on our upcoming visit to Hong Kong & Singapore. Please contact us for more details.
Market News
The NY market continues to perform strongly, with Q4 sales at their highest level for 25 years. Additionally, inventory is now at its lowest level since 2000. This is a decrease of 34% on a year ago. The average sales price of a condo in Manhattan is now $1,867,516, which is a 5.4% increase on a year ago
Rents in New York continued to increase in 2012, although at a smaller increase than in 2011. The latest figures indicate a median rent increase of 2.6% to $3,150 per month. Further good news for landlords is the vacancy rate has dropped from 1.83% to 1.54%
JP Morgan Chase expects home prices in 2013 to rise 3.4% in its base case estimate, up to 9.7% in its most bullish of estimates. Part of their optimism stems from the fact over 2m homes have been sold this last year, for the first time since 2006. They also believe these figures are realistic as prices continue to be pushed higher by investors purchasing real estate for the attractive yields currently offered.
We will be sending out newsletters every quarter. In the upcoming newsletter, we will be including valuable sales, market and property management news.
We would love to hear what you think of our new newsletter, and of course if you have any questions at all, please don’t hesitate to contact any of us, or via info@jmaprop.com.