So my brother told me about some new regulations that Raytown is implementing following the Kansas City ones or something. From what he says, all rentals will now have to apply and pay for a license and pay for an inspection every two years as well to make sure it meets their requirements.
His bigger worry is that supposedly if they adopt the Kansas City policies that if you have to evict someone you now have to pay their eviction fees/lawyer fees?!
Anyone have any knowledge on this? I was starting to look to possibly invest in Raytown myself but maybe not if this is true?!
@Micah Hensley wait, what? You have to pay someone’s lawyer and eviction fees in kc? Oh no... how have I not heard of this. Iv lived in kc most of my life. Do you happen to know where I could find more info on this?
Not yet. I’m trying to find out more. My brother was telling me about it and that he may sell his rental before dealing with that kind of stuff said they’re adopting the same rules as Kansas City?! That’s why I posted because I want to know more!! If that’s the case, I’m not purchasing in those areas of KC!
Haven't had a chance to look and verify if the above is true, but someone post a source if they have it, please.
KC technically also requires you to register your rentals at a rate of $20/yr/unit, but it's also not tracked well. They say they can do inspections, but seems only likely if they get a complaint from a tenant to draw attention.