When searching for your investment property, you likely reviewed the numbers. However, these numbers reflected the existing property management’s commitment to their job. If you took on the landlord role and haven’t seen the same results, it may help to figure out where you’re going wrong. So read on as we explore five things that will make you a bad landlord in Kansas City.
Not everyone is energized by dealing with day-to-day property management. However, if you’re aware you don’t care about the property or your tenants anymore, you may be experiencing landlord burnout, which will make you a bad landlord in Kansas City.
While you may attempt to hide your feelings, people are highly perceptive, and your attitude will eventually wear down even the best of tenants, causing them to move and costing you in turnovers and more work. So you are faced with continuing down a bad road, hiring a property manager, or selling the property.
If you are considering hiring a property manager or getting help, check the business directory at Mid-America Association of Real Estate Investors where you can find several trusted managers. Full disclosure here, the team at kcmoHomeBuyer also own this association.
If selling your rental, we are very well equipped to help you with that. We can offer two or three options depending on what would work better for you: An all-cash offer closing quickly, some sort of creating sale to give you cash flow, and because we are also realtors and have sold a lot of rented property, we can list the property for you. We can help with a single-family rental, a duplex, fourplex, 25 units or higher. We have even sold a 50-unit apartment building.
Finding the best location in Kansas City for your investment property isn’t enough to make your investment business successful. The monthly cash flow you’ll be counting on in retirement comes from the tenants you place today and hereafter. This is what makes or breaks just about every housing provider aka – Landlord.
- There are a few things that you need to be good at screening:
- A comprehensive written set of criteria that you follow.
- A good screening company that you use.
- A personal interview with the renter.
- A good way to check references
- And last, a solid lease.
While not having these items in place doesn’t make you bad, it makes screening and selecting renters really tough and can make it very very hard to be successful as a landlord.
As life evolves, priorities shift and demands on our time change; if things are different and you don’t have the time to manage the property any longer, this situation could become costly and ultimately make you a bad landlord in Kansas City. Not only are you likely to lose any good tenants, but when you aren’t responding to their needs, this puts your property at risk. What could have been stopped at a small leak could turn into torrential flooding in the units because tenants had learned you, as the landlord, would not act when they reached out. With a direct sale to a professional home buyer like those at kcmoHomeBuyer, you’ll have a guaranteed closing date, often within a few days, and your time will be your own again.
A financially devastating event is another thing that will make you a bad landlord in Kansas City. Given the laws that govern rentals, in addition to your contractual commitments, an event that makes it impossible for you to handle necessary repairs will quickly escalate into a variety of costly headaches, including vacancies, which will only exacerbate your lack of funds. We’ll buy your property as-is for cash with a direct sale to a professional home buyer like those at kcmoHomeBuyer; you won’t need to worry about repairs.
At kcmoHomeBuyer, our professional home buyers are local professional investors who are seasoned landlords and completely understand the things that will make you a bad landlord in Kansas City. Let us make you an offer you will agree is fair for your investment property and relieve yourself of the stress. At kcmoHomeBuyer, the process is quick, easy, and painless, our contracts are simple, and nothing is hidden, you pay no commissions, no closing costs, and no hidden fees. Call kcmoHomeBuyer at (816) 408-3600.
Request a FREE, No-Obligation ConsultationYou can trust our firm offer will not change before closing, and you won’t be hit by any of those surprise fees. We’ll be there to walk you through each step of the sale.
Lifted an enormous burden.
Selling the house closed a long chapter in my life and lifted an enormous burden. Every week I spent at the house either cleaning, keeping up on maintenance, or keeping up the lawn. This was in addition to taking care of my own home. Now I have more time to spend with my kids watching their sporting events and more time with my mom!