property management: Investment Property Leads to Property Management Like Sex to Babies
- 06/06/14 11:47 PM
Investment property leads to property management like sex leads to babies. Both of the formers are a lot of fun. Both of the latters take a lot of work, patience and the will to never give up on the situation until it’s just gone too far. Look, buying and analyzing investment property (or rental property, if you will) are both kind of sexy. It’ s fun to be attracted to new property and imagine how your life could be a little different. Better even. If only you had this new relationship (buying another house) you would be happy. But after the deal … (2 comments)
property management: Pet Policy and Your Rental Property
- 01/07/13 12:28 AM
We have brought on several new owners to our KC Property Manager property management services. And we always have to talk to the new income property owners about their pet policy. Most income owners don’t want to allow pets. That’s almost always the first inclination. But let’s stop and discuss this, shall we? I’d say about 45-50% (maybe more?) of the prospective tenants out there have a dog or cat or bird or something. They do. Heck, even most of the owners that don’t want to allow pets have a pet. It’s part of who we are as a society. … (4 comments)
property management: Training Rental Property Owners and Tenants
- 07/10/12 09:12 AM
Really, it's a full time job training rental property owners and their tenants to use our technology for everyone's sake. About 1/3 of our tenants and owners really pick it up instantly, love it and use it streamlining rent payments, maintenance requests and owner draws. Heck, if an owner has a question about a bill he can just click on the .pdf file and see it for himself. Then about a 1/3 of them struggle at first, require some personal tutelage and then grab hold an use it most of the time...though picking up the phone and calling us is still … (3 comments)
property management: Kansas City Rental Property Registration Program
- 01/03/08 02:47 AM
Kansas City Rental Property Registration Program Effective today, January 1, 2008, it is MANDATORY that all owners of rental property within Kansas City, Missouri limits register their income homes. Registration runs through January 2008 without penalty. Penalty for non-registration on and after February 1, 2008, will be $50 per unit. To get all of the details you will need to follow this link. From this link you will be able to download the proper forms to take care of this task. Again, Kansas City now requires rental property to be registered with the city. Hopefully, this is as far as the law will go. Based … (3 comments)
The following is reprinted from BBQCapital. To read all three posts please visit today.
Okay. Let's put an end to the question of whether or not you need a real estate license in the State of Missouri in order to hold yourself out as a property manager. As I said in an earlier post today I called the Missouri Real Estate Commission at 573.751.2628 and left a message concerning this whole issue. A few minutes ago Joe Dinkler with MOREC called me back and said that I can quote him. … (3 comments)
property management: The Search For A Great Kansas City Property Manager
- 09/06/07 01:51 AM
Yesterday evening over at my BBQ Capitalblog I wrote a piece called Property Management In Kansas City. And while I'm not going to recap the entire post here I am going to say that I'm having a heck of a challenge finding a good property manager that is LICENSED to do business in the state of Missouri. It seems a great many of the people doing business in Missouri as property managers are doing so unaware that they are supposed to hold current real estate license. How does the state of Missouri allow these people to continue in business? They advertise. They … (8 comments)
property management: Kansas City Rental Property Owners: Landlord Licensing Could Be Right Around The Corner
- 06/22/07 10:09 AM
This is what Kansas City real estate investors do NOT need. I received this email from KCRAR. That's Kansas City Regional Association of REALTORS. I am in full agreement that we do not want, nor do we need rental licensing in Kansas City, MO for investment property owners and/or their rental properties.Now, I'm not for slum lords, either. So as you read this be sure to understand that most of my clients keep clean and relatively updated units in operation and available to their tenants. There are already measures that could be put in force to make sure tenant living quarters are … (3 comments)
property management: Working With A Property Manager
- 05/24/07 06:23 AM
Owning income property is one thing. Managing income property is a whole other thing. And I want to take a moment here and give a few pointers on how a good property manager can make your real estate investing career a whole lot more fun. What a property manager can do for you; Provide a buffer between you and your tenantsAdvise you as to current rent valuesAdvise you as to current rent trends and occupancy ratesAdvise you as to necessary updates and repairs to attract quality tenantsOffer the property For Lease or For RentAdvertise the property For Rent on all available mediasScreen possible … (4 comments)
property management: Six Questions To Ask Prospective Tenants
- 04/26/07 05:04 PM
As a real estate investment counselor I have the opportunity to interact with a lot of tenant/landlord situations. Of course, I manage my own properties and I help others to do the same if they choose not to go down the road of hiring a property manager. I believe proper tenant screening is the best way to avoid troubles down the road. You should subscribe to a service that will run credit reports and criminal background checks and the sexual offenders list. But sometimes the best way to get a good feeling, or bad, about prospective tenants is just have a conversation … (18 comments)
Detailing the ins and outs of residential investment property ownership. Negotiating your best terms. Working with tenants. Knowing before you buy whether or not a property should be profitable.
Investment property leads to property management like sex leads to babies. Both of the formers are a lot of fun. Both of the latters take a lot of work, patience and the will to never give up on the situation until it’s just gone too far.
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