Updated over 3 years ago on . Most recent reply
Landlord Friendly Cities?
Hey everyone. What are some cities that are very landlord friendly? Looking at Tampa, KC, and Indianapolis right now. Any thoughts and/or advice would be greatly appreciated.
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@Gregory Kraft I can elaborate a little bit on the KC market being landlord friendly. Here are a few notes - there is no rent control, there is nothing that says you can't take any apartment anywhere in the metro directly to market rate rent once the lease expires. Low taxes comparatively speaking. Taxes do not go up immediately on sale on the MO side but do on the KS side. Still, they are reasonable. Also, you can evict tenants for non payment and failure to abide by the lease at ANY TIME and judges are typically responsive to that. There are low rental business fees in KCMO property, Johnson County and Wyandotte County. Typically around $50 per unit or less. Also, as you know good cap rates where we can project to get to 8-12% cash on cash return with hungry local lenders. Hope that helps!