by Key Partners | Jul 17, 2020 | Being a Landlord, Property Management Education
Owning rental property allows you to earn consistent rental income and build wealth for the future. However, it also comes with several routine and periodic expenses. You’ll need to make sure you have a competent property manager taking care of the leasing and management of your Kansas City rental property. You’ll also need to budget for vacancy periods, marketing, and high-quality tenant screening.
by Key Partners | Jun 12, 2020 | Being a Landlord, Property Management Education
Kansas City rental properties are excellent investments. Even new investors know that owning rental property comes with expenses. Some of them are expected and others are surprises. When you’re renting out a home, you need to be prepared for the expenses that will cut into your cash flow and long-term ROI.
by Key Partners | Jan 11, 2020 | Being a Landlord, Hiring a property manager, Property Management Education
Hiring a professional property manager is a great way to protect your investment and earn more on your rental property. However, you have to be strategic with your choice. Screening a property manager is even more important than screening a tenant.
by Key Partners | Jan 10, 2020 | Being a Landlord, Hiring a property manager, Property Management Education
Many real estate agents have decided to do part time property management, especially as the sales market fluctuates, and more people choose to rent instead of buy. Realtors are great at helping people buy and sell homes. However, the property management industry is unique, and so is the rental market. Hiring an inexperienced realtor to manage your property could result in costly mistakes.
by Key Partners | Feb 27, 2018 | Being a Landlord, Blog, Property Management Education, Tips For Homeowners
Are you familiar with the eviction process in Kansas City? If you’re a landlord, you should know. We’re here to break it down for you. Of course, avoiding evictions is the preferable outcome. One of the best ways to avoid evictions is by thoroughly...
by Key Partners | Nov 28, 2017 | Being a Landlord
Tenants are less likely to pay rent late when they are accountable to a professional Kansas City property manager. Property management companies in Kansas City and the metro area have procedures in place, and they enforce the terms of the lease. If you have a tenant who is not paying rent, you need to follow a consistent and reliable process to either get that rent paid or remove the tenant from your property.