Specializing in Purchasing, Rehabbing, and Managing Rental Properties in the Kansas city Metro and Surrounding Areas
People think that when turnkeys are advertised as “hands-off,” it means they have to do nothing. Then, inevitably, when something goes wrong, the investor is irritated because things are getting handled. Well, I hate to break your cookie jar and spill cookies everywhere, but turnkeys aren’t fully hands-off! Turnkeys do, however, take care of a... Continue Reading →
My biggest landlording mistake isn’t an uncommon one. It is one that at least 50% of investors continue to make—and not just first timers, either. Some experienced and relatively successful income property investors still fall prey to this pitfall, too. No, it wasn’t skipping due diligence, property inspections, or foregoing title or property insurance. It... Continue Reading →
In 2010, I had an epiphany. That lightbulb moment led to us adding more than 4,000 new construction doors to our property management company in one market over the next eight years. As many of you can attest, 2010 was a rather dismal year in the overall economy as well as the housing market. And... Continue Reading →
The hardest job to hire for is something you used to do. For me, as a real estate investor, there were two jobs that were hardest to give up. One job that was hard to hire out was painting, as I had been a painter myself for 13 years before becoming a contractor for another... Continue Reading →
I want to share the challenges I have seen with turnkeys, so if you are possibly thinking of investing in one or more of them, you can set your expectations accordingly and look for various ways to mitigate risk. Before I go on, though, I want to clarify a major point. The problems and challenges... Continue Reading →
