All Forum Posts by: Jonathon VanNuland

Looks like you got the answers needed. Heres the Kansas specific answer, direct from the kansas legislature. I keep my security deposits in its own savings account. If you are using any ideas to get more interest on them i'd love to hear it. Thanks!

"All security deposits shall be held by the landlord for the tenant, who is a party to the agreement, in a bank, credit union or savings and loan association which is insured by an agency of the federal government. Security deposits shall not be commingled with the personal funds of the landlord. All security deposits may be held in a trust account, which may be a common trust account and which may be an interest bearing account. Any interest earned on a security deposit shall be the property of the landlord."

https://www.kslegislature.gov/li_2012/b2011_12/statute/058_000_0000_chapter/058_025_0000_article/058_025_0108_section/058_025_0108_k/#:~:text=Security%20deposits%20shall%20not%20be,the%20property%20of%20the%20landlord.

What do you like about these areas? Personally, I tend to avoid those areas.

Im an agent and PM in the KC area. Is there any specific properties you had your eye on? If you want any boots on the ground support, or want any other input, let me know. 

On the Kansas side, the utility payments stay with the tenant, not the house. So you wouldnt have liability. I know MO side has more favorable tenant laws and may be different.

Have you communicated with the tenants yet to inquire about it?

A lot to unpack with that. Ultimately would you're likley wanting to learn about is the BRRRR method (Buy Rehab Rent Refinance Repeat). The funding from this often comes from hard money leneders, or private sources. KC has a few reputable hard money lenders.

It helps to have a good agent on your side, and a property manager ( I am both!). If you want to hear about my services I can help or possibly refer you to someone who may be able to help.

Thanks!

Cara nice to meet you. Im an investor/agent and also pm in the kc area. Would love to connect. Thanks!

Im an investor/agent and property manager in the kc area, would love to connect. Thanks!