Can’t seem to keep your Kansas City tenants long-term? Hight tenant turnover rates can cost a property owner a lot of time, effort, and money. To be a successful and profitable landlord, you need to reduce or eliminate your turnover expenses. You can do so by keeping good tenants in your properties longer or incentivizing… Read more »
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Being a landlord isn’t all about collecting rent at the end of the month. There are many important tasks that must be completed in order to own a successful rental property in Kansas. An important chore among these tasks is property maintenance. A well-maintained property is appealing to potential tenants, and attracts the right ones… Read more »
Outdoor concerts, parks, and numerous museums come together to form this fantastic city. It even attracts individuals who live out of town who commute into the city for its numerous attractions. As a local Kansas City business, we know our area and what it has to offer. If you’re new to the area, you need… Read more »
Buying a home is more than just a transaction. It’s a major life event. Making that purchase is tied to people’s dreams, goals, and future plans. That’s why there are laws put in place that safeguard people from discrimination in the housing market. Since buying or selling a home carries many implications for the people… Read more »
When it comes to filling a rental vacancy in Kansas City, MO, your success depends on how well your list your property. Why? Well, it’s technically the first form of contact between you and your potential tenants. Generally, it takes less than five seconds for a tenant to decide whether to read more about your… Read more »
Congratulations on becoming a landlord. Sure, the journey wasn’t that easy, but you endured it all and made it to the finish line. So, now what next? Well, if you are like most investors in Kansas City, MO, your investment goal is to make money. In the rental business, this means earning a rental income.
Investing in real estate can be a very lucrative venture. Yet not every property investor succeeds in their endeavors. Before you decide to invest in Kansas City real estate, you need to understand that there’s more to rental property ownership than collecting rent.
As you probably know, owning a rental property can be a great source of cash flow and future equity appreciation. But as with any other type of investment, it has its fair share of challenges. Most dreaded among these challenges is renting to the wrong type of tenant.
Whether you are just starting out as a landlord or have been in the business for some time, chances are you have considered renting to Section 8 tenants. Renting to Section 8 tenants provides a host of benefits. They include:
In Missouri, a rental agreement is a legally binding contract. It sets out the rules and responsibilities tenants and landlords must follow in their rental relationship. Whether typed or handwritten, as short as one page or longer than five, the lease or rental agreement must cover certain basics. They are as follows: