Kansas City tenants are more educated on the market than they’ve ever been before. They’re also pretty sure about what they want and what they won’t be willing to settle for when it comes to renting a single-family home.
We believe working with a Kansas City property manager is always a good idea, but it takes on a new urgency when you’re an out-of-state investor. If you live elsewhere but you own rental property here in the Kansas City market or anywhere North of the River, you won’t be able to lease, manage, and maintain your home effectively on your own.
Rental property accounting needs to be exact, transparent, and well-documented. This doesn’t mean it has to be complicated. You’ll have to keep a careful record of your income as well as your expenses. That’s where it starts.
There are distinct differences between pets, service animals, and companion animals, and not understanding those differences can lead to huge legal mistakes and financial penalties. You need to know the laws that govern these animals, and what they mean for your Kansas City rental property.
If you invest in the stock market, you understand the importance of diversifying those assets. There are constant ups and downs and the brokerage account that looked healthy a month ago can easy lose a big chunk of its value.
There are hundreds of tasks that rental property owners like you have to manage when there’s a tenant moving into the property. It’s easy to miss some of the most crucial things, such as property condition checklists.