At YMP Real Estate Management, LLC, we are a private real estate firm dedicated to acquiring and managing a diverse portfolio of multifamily, commercial, assisted living, and hospitality properties. Our mission is to maximize the value of our real estate assets through superior management practices, creating long-term value in every asset we manage.
Our Services
We are a highly entrepreneurial and creative company, yet disciplined in our approach to achieving our investment plans and budgets. Our team strives to excel in our property management practice, creating a positive and rewarding experience for our tenants, vendors, and colleagues. Our goal is to achieve occupancy that outpaces the market, which is achieved through high tenant retention and delivering extraordinary service to all of our tenants.
Multifamily Properties
Our multifamily portfolio consists of over 4,000 units located throughout Florida, Georgia, Alabama, North Carolina, and New Jersey. Our properties are located in desirable areas, offering a range of amenities and services to our tenants. We take pride in providing a clean, safe, and well-maintained living environment for our residents.
Commercial Properties
Our commercial portfolio consists of millions of square feet of commercial space, located throughout the southeastern United States. Our commercial properties include office buildings, shopping centers, and mixed-use developments. We strive to provide a unique and attractive environment for our tenants, offering a range of amenities and services.
Assisted Living and Hospitality
Our assisted living and hospitality portfolio consists of a range of properties, including senior living communities, assisted living facilities, and hotels. We are dedicated to providing exceptional service and accommodations to our residents and guests, ensuring a comfortable and enjoyable experience.
Acquisitions
We are actively seeking new acquisition opportunities in the multifamily, commercial, assisted living, and hospitality sectors. Our target areas include Florida, Birmingham, Atlanta, North Carolina, and Northern New Jersey. We are also open to considering value-based acquisitions outside of our core markets.
Capabilities
As a privately held, self-funded real estate investment company, we have the ability to underwrite and conduct due diligence in-house. We also have strategic relationships in the debt market, allowing for abbreviated closing time frames. Our team has extensive experience in the real estate industry, with a proven track record of success.
Unethical Business Practices and Poor Management
Several reviewers have expressed their dissatisfaction with YMP Real Estate Management and their properties, citing unethical business practices, poor communication, and a lack of respect for contractors and residents.
Unpaid Services and False Assurances
One reviewer, Devin Davis, alleges that YMP Real Estate Management failed to pay for services rendered, despite providing quality control plans, site plans, and design specifications. This lack of payment has resulted in significant financial losses for the contractor.
Made-Up Fees and Security Deposit Issues
Abby Hall, another reviewer, claims that The Park at Hurstbourne, a property managed by YMP, invents fees out of thin air and withholds security deposits without proper notice or valid reasons. She also mentions that the property's renovation costs are passed on to residents through excessive fees.
Maintenance and Safety Issues
Reviewers have reported various maintenance and safety issues, including a bat infestation, flimsy doors, and inadequate trash service. These issues have led to unsanitary conditions, health risks, and a lack of security for residents.
Poor Response to Maintenance Requests
Residents have experienced delayed or inadequate responses to maintenance requests, including a heat crisis during sub-zero weather. Employees have been accused of being unhelpful and dismissive, adding to the frustration and distress of residents.
Unprofessional Conduct and Communication
Reviewers have expressed frustration with the unprofessional conduct of YMP's management team, including a lack of communication, false assurances, and a lack of respect for contractors and residents.
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