Kansas City Property Management That Real Estate Owners Trust

It is not enough to simply do a credit and background check anymore. Renter fraud is a billion dollar industry. Anyone can get fake rental history, fake pay stubs, have a stolen identity, you name it. Whoever you choose to lease or manage your investment, ask if they use the latest digital facial scanning to verify their id as we do. Be sure they verify the homeowner for their rental history and make the call to be sure the homeowner is the one submitting the history. We also verify documents like pay stubs and use pixel scanning to verify they are real and not lifted from the dark web. Lastly we obtain a copy of their bank statement to verify there is actually enough money to cover at least three times rent. Key Partners Property Management uses the latest available technology to be sure the tenants moving into your property are who they say they are and are well qualified.

Smart investors know that the best way to earn more return on your real estate investment home both in the short term and the long term is to let a professional property manager take care of the details. Kansas City landlords can really leverage our expertise and resources by working with us from the start of the leasing process until the end.

Full-service property management in Kansas City includes everything from collecting rent, managing repairs, and responding to emergencies, to answering questions and managing the tenant relationship. We insist on excellence by providing services that will not only meet your needs, but exceed your expectations.

We know the local Kansas City rental market and we also know its tenants. Let’s discuss the amount of rent you’re hoping to earn for your home.

• Buyer pays the seller option money for the right to later purchase the property. The option money may be substantial.
• Buyer and seller may agree to a purchase price now or the buyer may agree to pay market value at the time the option is exercised. It is negotiable. However, most buyers want to lock in the future purchase price upon inception of the rental lease option.
• A lease-option is a lease accompanied by an option giving the tenant-buyer the right (but not the obligation) to buy. So, at the end of the lease, the tenant-buyer could simply walk away with no further obligation. A lawyer would call this a “unilateral agreement”–it requires an action by one party (requiring the owner to sell) but doesn’t require the tenant-buyer to buy.
• During the term of the rental lease option, the buyer agrees to lease the property from the seller for a predetermined rental amount.
• The term of the rental lease option agreement is negotiable, but the common length is generally from one year to three years.
• The rental lease option money generally does not apply toward the down payment.
• A portion of the monthly rental payment typically applies toward the purchase price.
• Option money is rarely refundable.
• Nobody else can buy the property during the rental lease option period.
• The buyer generally cannot assign the rental lease option without seller approval.
• If the buyer does not exercise the rental lease option and purchase the property at the end of the rental lease option, the option expires.
• The buyer is not obligated to buy the property.

Contact Us for any questions regarding Rent to Own purchase agreements today! Call (913) 766-2302.

• Rent to own buyer pays the seller option money for the right to later purchase the property. This option money may be substantial.
• Buyer and seller agree on a purchase price, often at or a bit higher than market value.
• A lease-purchase is a lease accompanied by a purchase agreement committing both the tenant-buyer and the property owner to conclude the transaction. At the conclusion of the lease, the tenant-buyer would be obligated to buy and the owner would be obligated to sell. A lawyer would call this a “bilateral agreement”–it requires action by both parties–the owner to sell and the tenant-buyer to buy.
• During the term of the option, the buyer agrees to lease the property from the seller for a predetermined rental amount.
• The term of the rental lease purchase agreement is negotiable, but the common length is generally from one year to three years, at which time the buyer applies for bank financing and pays the seller in full.
• The option money generally does not apply toward the down payment.
• A portion of the monthly rental lease payment typically applies toward the purchase price.
• Option money is nonrefundable.
• Nobody else can buy the property unless the buyer defaults.
• The buyer typically cannot assign the rental lease purchase agreement without seller approval.
• Buyers are often responsible for maintaining the property and paying all expenses associated with its upkeep, including taxes and insurance.
• The buyer is obligated to buy the property.

Contact Us for any questions regarding Rent to Own purchase agreements today!