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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.

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multi_family_real_estate_investing

 

Investing in a multi-family real estate is a lucrative opportunity, especially since the demand for rental properties continues to grow. If you’re looking for steady income from a reliable source, investing in a multi-family real estate is a good idea.

You can either rent out the property that you invest in, or you can flip it and make it fresh in order to make an immediate profit. However, before you venture into multi-family apartments, you should do some research: inform yourself on property prices, most suitable locations, rental prices, tenant profiles, etc. You don’t want to invest your money in the wrong property and end up with a liability instead of an asset. Read more »

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how-screen-potential-renters

 

As a successful landlord, you must have a thorough understanding of how to screen potential tenants for your Kansas rental property. Knowing the Missouri rental laws and how to browse through endless rental applications can help you weed out renters with a bad reputation. In the long run, by renting to high-quality renters you get to save time and money. Here’s how to screen potential tenants for your Kansas property. Read more »

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moving-to-kansas-city-mo

 

Contrary to popular belief, cows don’t roam the streets of Kansas City, MO. In fact, The Huffington Post ranked the city as first on its 2014 “coolest cities to visit” list. Also, it ranked fifteenth on Bloomberg’s America’s 50 Best Cities list.

Kansas City is no New York or Chicago. But, you will still find beautiful homes, fabulous food, and culture for a fraction of what you would pay in those two cities.

Thinking of moving to Kansas City? If so, here is everything you need to know.

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overview-missouri-security-deposit-law

 

Conflicts between tenants and landlords regarding security deposits are fairly common. These conflicts can be evaded if each party understands the basics of the Missouri Security Deposit law.

The Missouri Security Deposit Laws are contained under the statewide Missouri landlord-tenant laws. The laws allow landlords to collect security deposits from their tenants.

By collecting security deposits, landlords are able to cushion themselves against financial ruin. For example, in the event that the tenant is unable to pay rent or in the event they cause excessive property damage. Read more »