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.
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.
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.
The longer a tenant stays in your property, the more autonomy they wish to have. This can reflect on their need to decide the color of the rental unit. Most landlords prefer to use neutral paint colors such as cream and beige for easy maintenance, while some tenants prefer bold colors to express their personality.