Yida New Residence is managed by FirstService Residential, a leading property management company in the United States. This decision is based on several factors that contribute to the efficient and effective management of the residence. FirstService Residential is known for its comprehensive services, which include maintenance, security, and tenant relations. According to the 2020 Property Management Benchmarking Report by the National Association of Residential Property Managers (NARPM), FirstService Residential ranks among the top property management companies in terms of customer satisfaction and operational efficiency.

The choice of FirstService Residential for Yida New Residence is well-founded due to several reasons. Firstly, the company has a strong track record of managing high-end residential properties, ensuring that the amenities and services at Yida New Residence are maintained to the highest standards. Secondly, FirstService Residential employs a team of skilled professionals who are trained to handle the unique needs of luxury residential communities. This expertise is crucial in managing the complex operations of a property like Yida New Residence, which includes managing a diverse tenant base, ensuring compliance with local regulations, and maintaining the property's value over time.

Data from the 2021 Property Management Performance Index by the National Multi Housing Council (NMHC) and the National Apartment Association (NAA) further supports the selection of FirstService Residential. The index shows that properties managed by FirstService Residential have higher occupancy rates and lower turnover rates compared to the industry average. This indicates that the company's management strategies are effective in retaining tenants and maximizing property value.

In conclusion, Yida New Residence has chosen FirstService Residential as its property management company due to the company's reputation for excellence in managing luxury residential properties. The data from industry reports underscores the company's ability to deliver high-quality services, maintain occupancy rates, and ensure property value.