Must Landlords Select Based on “First Come, First Serve”? I suspect some of this fuss stems from the fact that Kansas City is a hot real estate market. According to Trulia.com, rents in the area have increased significantly, up about $300 over the past year or so. These numbers lead me to believe that the demand... Continue Reading →
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What Investors Should Know About the Home Inspection Process
Just as you can’t judge a book by its cover, you also would be wise to avoid judging a property by its paint job. Below the surface of your property lies incredible amounts of risk that if not discovered in advance could cause immense financial loss later on. Therefore, the physical inspection of the rental... Continue Reading →
7 Advanced Tenant Screening Tips (So You’re Not Fooled by Wolves in Sheep’s Clothing)
If you’ve been a landlord long enough, you’ve had a nightmare tenant. They come in all shapes and sizes, and they cost thousands of dollars in unpaid rent, property damage, legal bills, court fees, and pulled-out hair. I’d just as soon keep those thousands of dollars and not have a conniving professional tenant or charismatic... Continue Reading →
7 Reasons You Should Consider Investing in Single Family Homes
The real estate market has slowly recovered from the devastating losses in value suffered from the Great Recession. It’s not such a risk to invest anymore, and one could reasonably expect to make a profit in a short amount of time. For a longer-term investment, you can buy housing and rent it out. Purchasing apartment buildings... Continue Reading →
Why Not Sticking to Your Late Fees is Hurting Your Landlording Business
A grace period is additional time given to the tenant to pay their rent before they will be charged a late fee or given eviction notice. For example, rent may be due on the 1st of every month, but the tenant has until, say, the 5th to make their payment. Grace periods can be anywhere... Continue Reading →