All Forum Posts by: Kevin Fontleroy

I live in California and invest in Kansas City, MO (full disclosure, i lived there a decade ago).  The city has evolved since i lived there and many of the areas are no longer the same.

Here are my recommendations:

1. You have to see the property in person - you should never fork over 50k and not put your eyes on the property in person.

2. Meet your property manager in person - have them drive you around, see some other places that they manage and don't be afraid to ask the tenant if they like the manager.  That maybe a little awkward but i wish i would have done it at first

3. Before you purchase have a game plan in place - you should know if you are going market rent or section 8, what price point you want and can the area support and so on.  You don't want to take whatever is present

4. Visit at least once a year - i go to KC once or twice a year, too check on the condition of my homes.  I have 5 there and i can see them all in 2 days.  Most of the time I don't let the tenants know i'm the owner however it has come up...its ok if they know you own it but try not to give them your personal info.  They will bypass your manager and try to call you for everything...uhh excuse me ma'am i'm paying someone to answer that question lol

best of luck no matter what you do...heard its good deals in Jersey...check those out first