Meet the Member M
1st Avenue Flats 400 1st Avenue NW, Rochester, MN 55901
Q: What is a unique fact people should know about Velair Property Management? A: Velair has been named one of the top property management companies in both 2022 and 2023. Q: What is the outlook for your business and industry? A: Our industry has been faced with challenges involving the COVID-19 pandemic, eviction moratoriums, civil unrest, and staffing shortages in the last few years but our business and the property management industry remains strong. We look forward to our future growth and providing quality housing. Looking to our future in 2023-2024, Velair will begin managing new construction market rate and senior housing totaling 1,234 units. Fun Fact that currently around 30 percent of our state are renters. This includes more than 620,700 household in Minnesota residing in rental unit and that growth is expected to increase, as our industry sees “lifestyle renting” gaining popularity.
To learn more about Velair Property Management, visit them online at www.velairmanagement.com
Advantage Magazine | 13
May 2023
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