Typically, squatters occupy vacant, abandoned, or foreclosed properties.

Missouri gives squatters certain rights. If a squatter living in your property makes a successful adverse possession claim, they will gain legal ownership of the property. What’s more, they won’t need to pay you anything for it. You’ll simply lose your piece of real estate.

Looking to become a landlord in Kansas City, Missouri? Trends in the real estate market indicate that renting out your property is a promising investment move.

Kansas City has been on the radar of many investors over the years. Recent statistics have revealed that active listings have almost been halved, indicating an increase in purchases. This increase in demand for housing has resulted in an appreciation in price. More households are now willing to rent than purchase property.

According to Time Magazine, Kansas City is one of the top 10 housing markets in the country for buyers to consider. And it’s easy to understand the reason why when looking at the recent performance statistics.

Among other things, the population of Kansas City has grown by 0.73 percent year-over-year. The unemployment rate is down to just 4.5 percent, according to the U.S. Bureau of Labor Statistics reports. The real estate market is booming, with WalletHub ranking Kansas City as one of the top markets for renters.

Buying an investment property in Kansas can be lucrative. It can be a pathway to earning passive income for many years to come.

But as with any other investment, due diligence is key prior to signing on the dotted lines.

It might look straightforward when you first become part of the rental property business in Kansas City; Just collect the rent and that’s it. However, it’s not quite that simple.

Leasing terms can last for a year or month-to-month. Some landlords are confused about which one is better to implement in their rental unit. To best answer this question, it’s most beneficial to run through the pros and cons of a month-to-month leasing period.

A tenant has moved in recently and complained that he’s not able to quietly enjoy his rental space. The tenant living adjacent to him has been holding a party every weekend till the early hours of the morning. The complaining tenant told you that if this doesn’t stop, he would move out and demand a full rent refund.

Are you looking to make your rental property pet-friendly?

Attracting long-term tenants is the goal of most rental property owners. One of the most efficient ways of cutting down vacancy rates is by allowing pets in your rental. Since many households in the U.S. have pets, you are bound to attract more renters.

It’s generally acceptable and fairly realistic that damages occur in a rental property. But can a landlord prevent them from frequently occurring? The answer is yes. 

Have you come across the term “normal wear and tear” recently? If you’re a new landlord, you’ve probably heard it. Landlords are responsible for any normal wear and tear that happens in their property, and distinguish it from tenant damages.