Quantcast

More multi-unit complex rentals means more competition - KOAM TV 7

More multi-unit complex rentals means more competition in Pittsburg

Updated:

Over the last five years the city of Pittsburg has seen more multi-plex housing coming in.

More than half of Pittsburg properties are rentals and Tim Kundiger of SLB Property Management says there was a need for single bedroom housing, which most of the newer complexes accommodate.

"The general concern the last several years has been is that going to hurt our occupancy rate," says Tim Kundiger of SLB Property Management.  "Fortunately it hasn't with the college growing as it has been.  We haven't really seen any loss of our occupancy."

Kundiger manages many multi-complex housing units and rental homes.  He says properly managed rentals are what keeps the market competitive.

"I think that is what really keeps you above the rest - it's more of a what your quality is of the property that you're renting now as opposed to really what your rental price is," says Kundiger.  "If you have a decent property that you can rent, you're not going to have any problems."

Kundiger says some lesser quality homes are probably hurting, as he has seen more of those homes for sale.

"With the construction of these apartments and small apartment complexes, you're going to see more and more of these get rented and less and less of the older type homes," says Kundiger.

City of Pittsburg Public Works Director Bill Beasley says his office has had many questions about potentially building more.

Beasley says home rentals are still happening but these types are generally geared toward college students.

"Primarily they are in the south end of town around the University," says Beasley.  "I think as land becomes available I would see more of these constructed."

"My bigger concern would be the long-term - three to five years down the road when these apartment complexes require maintenance, routine maintenance," says Kundiger.  "Is that going to be taken care of by the owners or not?  We don't want to have a short term gain by bettering the community then have a long term problem."

  • Local NewsMore>>

  • Joplin Tornado Survivor Invents Tornado Shield

    Joplin Tornado Survivor Invents Tornado Shield

    Monday, September 1 2014 6:18 PM EDT2014-09-01 22:18:25 GMT
    What do you do when a tornado strikes...and you have no where to go? That's what one Joplin man asked himself after the may 2011 tornado. So he developed a product that is mobile, versatile...and affordable. More >>
    What do you do when a tornado strikes...and you have no where to go? That's what one Joplin man asked himself after the may 2011 tornado. So he developed a product that is mobile, versatile...and affordable. More >>
  • Restaurant Shows Appreciate to Emergency Service With Free Lunch

    Restaurant Shows Appreciate to Emergency Service With Free Lunch

    Monday, September 1 2014 6:09 PM EDT2014-09-01 22:09:28 GMT
    Labor day may means a day off for students and many workers...but there are some who work year round. One restaurant is showing appreciating for those workers service and saying thanks this holiday.More >>
    Labor day may means a day off for students and many workers...but there are some who work year round. One restaurant is showing appreciating for those workers service and saying thanks this holiday.More >>
  • Bright Futures adds two more schools

    Bright Futures adds two more schools

    Monday, September 1 2014 5:56 PM EDT2014-09-01 21:56:46 GMT
    Bright Futures has two new affiliates for a total of 25. Bentonville, Arkansas and Poplar Bluff, Missouri will have the organizations that connect businesses, faith based groups and service partners to work with school districts to meet students needs including personal items like shoes to school supplies. Bentonville school district serves 15,000 students while Poplar Bluff serves 5,200 students.More >>
    Bright Futures has two new affiliates for a total of 25. Bentonville, Arkansas and Poplar Bluff, Missouri will have the organizations that connect businesses, faith based groups and service partners to work with school districts to meet students needs including personal items like shoes to school supplies. Bentonville school district serves 15,000 students while Poplar Bluff serves 5,200 students.More >>
Powered by WorldNow

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.