All Forum Posts by: Luther Wilson III

@Aaron Maxwell We're here on the ground in KC making moves every single day.  We might be able to give you some solid recommendations.  :)  Send me a message if you want some info.  

Hey, Idan, one of the #1 things that we tell our investor-clients is to get their butts in the city where they plan on investing.  At least for a visit or two; get to know the team or individuals who'd be assisting you and essentially handling your investments.  Kansas City is unlike any other place when it comes to real estate investing, especially in the urban core areas.

We're here on, the ground, making moves, helping clients, and putting deals together virtually every single day. I work with a team that handles sales, maintenance & property management, investments, and we specialize in SFH, Buy & Hold deals. If you ever want a fresh perspective of what goes on and what's been going on in KC then you can send me a message. :)

I've heard great things about Voepel PM and Bridge.  There are quite a few smaller companies that aren't as well known that are solid too.  Ask and call around...  You'll get plenty of feedback.  Who's best suited for you may just depend on your needs, what you're looking to do, and how you'd like things handled.  Location is key here as well.  ;)

Have you seen pictures of the property since that last tenant left and now that it's vacant?  You may want to have someone else, here on the ground, evaluate things a bit and perhaps go in and take a look at the property to give you feedback.  Normally, when an investor or management company has trouble renting a place it's because the rent amount they're asking for is too high or the place isn't quite ready to rent yet.

Hey, Chris.  I currently live, work and play in Kansas City!  :)   I'm an investor, licensed real estate broker for KS and MO and I help run a property management company here.  We may not be the group to handle it for you but I'd be happy to give you input and suggestions about investing and such in Kansas City.

Hey, Carly.  I'm an investor, property manager, and real estate broker residing in Kansas City, MO.  We know some contractors and crews that might be able to assist you.  Call or message me for more information.  :)

Thanks, @Lee Ripma!  Wish you all well on your search and endeavors!  If you ever have questions about KC in general or the market overall or or input about real estate investments here, reach out to us.  We'll gladly give you our input. 

I'm a real estate professional in KC now and been working as a broker now and investor for the last 5 years or so.  Grew up in around the KC area and may have some input for anyone here.  Feel free to PM or call me sometime.  Regards, 

Right on, @Chris Schroeder. Yup, there are so many factors that come in to play when dealing with rental properties, PM's, and the whole bit. Sometimes I wonder, if when problems arise in this arena, is it more so the nature of the real estate rental business in general or is it the people that are involved in it or maybe is it both and then some? I believe a lot of it has to come down to the the personal investor's or their group's overall strategy and their expectations when dealing with rental properties. I don't think I've ever heard an investor say that they enjoyed or had a good time owning or managing rental properties. lol. And I've only heard one investor in my entire life tell me that they even liked the income that they were able to draw from their residential SFH rentals. Most of the stories us real estate professionals in this arena hear about are the ones in which the investors lost money or the nightmares about what went wrong and who did what, etc. Yet, we still willingly consult with the investors and still help them through their issue. Let's face it: Managing rental properties is not easy and it's not fun. If it was then everyone who owns them would be doing it themselves. I get it: You work a full time job and you have kids and you're busy coaching little league or your time is better spent finding that next hot deal or you're retired and you want to travel more! Whatever the case may be -- you can't or won't take the time and energy to focus on managing and maintaining your own rental(s) so you hire others to help you out along the way. Be mindful, courteous, and respectful of the folks who you commission to deal with your headaches. The complaints from investors about Kansas City PM's, contractors, and maintenance folks are endless. Dealing with rental properties is tough in general. It's especially tough in and around cities like Kansas City where crime tends to be off the chain and where most of the occupants in these homes are not well-educated and struggle-hard financially. Be mindful of the nature of the industry and areas you're dealing with as well. The KC market is super attractive because of the low barriers to entry, low cost of living, higher overall return opportunity, etc., etc. Just know that there are extra risks involved in such endeavors. Cheers! :)

Cheers, Sebastian!  I think everyone here would agree:  Real Estate is awesome!  :)