All Forum Posts by: Trista Fenner

@Joe Splitrock

Our bottom unit tenants were heavy drug users with a history of physical abuse. It seems as though you have developed a great strategy of handling these types of tenants, but with this being our first rental property (and me being a 5'1 female against these two), there's no way I could chance my safety. You're probably right about the cash for keys. I'm sure our top unit would have moved out prior to evictions so we could have changed that route. I'm out $200 for doing the cash for keys but we got them out 2 weeks before the scheduled court date which allowed us to start renovations sooner which worked out perfect for us. Thanks for the advice. We are excited to get our first BRRRR completed and I'm sure we will learn a lot along the way.

Kim Herrick we just went through this. We bought our first MF which unfortunately included inherited tenants in Kansas City. We initially tried to get the sellers to vacate the units but they didn’t budge. We went through the deal anyways and did the following: We closed beginning of January. We met with each of them and reviewed their contracts, making sure we were all on the same page. By week 2, if not paid, we gave them their X-day notice to pay or vacate. You’ll get a whole bunch of excuses but just point out the contract you covered with them and play it off as “following previous contract set in place”. Now, we also played the role as PM and not owners, which I’m glad we did as our bottom unit was very demanding in wanting to speak to the “owners” to try to get out of paying. We also offered a cash for keys for all units. Our top unit ended up doing the cash for keys and moved out by month end. Our middle unit paid up their late fees + rent and paid last month right on time now since they understand now that paying rent is a priority. Our bottom unit ended up vacating. Overall, for being our first time handling bad tenants, I think we did ok. If anything I would of started the pay or evict paperwork from the get go, otherwise just stand your ground but be respectful. Good luck!

Amanda, considering the ages of your kiddos, I'd say, stay in the school district and be patient.  It's hard to find deals but they're out there.  Drive around the neighborhood and look up those distressed properties with equity.  Ask those owners if they're looking to sell in the future and maybe you'll get lucky and snag one.  It's great that you're driven and you seem to have a game plan.  Keep up with your hard work.  It's out there!

Hey Amanda, can you PM your information.

I was looking at houses North of the River, but the City of KCMO informed me that residential AirBNBs are currently not permitted (with very few exceptions).  They have been working on passing a regulation this past year and currently have been holding meetings for them.  Based on their meeting yesterday, it doesn't appear any good news for new Air BNBers like myself that want to join in.

http://fox4kc.com/2018/02/07/airbnb-regulations-finally-heading-to-kansas-city-council-for-vote/

Patty Noll is a project manager for KCMO's zoning and development dept.  She's the best person to contact regarding this. 

You guys did a great job! Did you have to handle the squatter situation or had they moved out by the time you got started?

@Kush Gulmatico welcome to the game.  I'd caution you to Independence and Raytown.  Like Aaron said, Independence can be hit or miss, and as far as Raytown goes, I have heard from people that crime is on the increase there, which is also hurting property value.  I wouldn't want to invest in these areas unless I had trusted boots on the ground.

I used Farm Bureau for our first property but found REI Guard has the best rates. I just use them now.

Can you send me info? [email protected]

Hey Luke, sorry just reading this post. Were you able to find someone to do this for you? PM if we you’re still needing help.