22 June 2024 | 17 replies
This ordinance is significant for its comprehensive approach to addressing source-of-income discrimination, particularly in the context of housing and rental opportunities.Key aspects of this ordinance include:The creation of a $1 million Landlord Risk Mitigation Program to financially assist landlords who accept tenants with vouchers, such as Section 8.Establishment of a landlord liaison position within the City’s Housing Department to facilitate communication and support.Landlords are allowed to deny rental applications based on individualized assessments, such as criminal convictions, credit scores, and eviction history, but the ordinance also sets clear guidelines for what can and cannot be considered.It includes a delayed effective date, allowing time for landlords and tenants to adjust to the new regulations.The ordinance also specifies that certain properties, particularly older houses that cannot easily comply with current codes, are exempt from some of the source-of-income requirements.The guidelines provided by Kansas City's Ordinance 231019, detailing what can and cannot be considered in rental applications, include several notable points aimed at balancing the rights and concerns of both tenants and landlords:Individualized Assessment Allowed:Landlords can deny rental applications based on specific, individualized factors, including criminal convictions, credit score, eviction history, alleged damages, and rent-to-income ratio.
13 November 2015 | 19 replies
I did this for the liability protection, and I did not need a lawyer for the LLC creation or for the deed.
16 January 2015 | 36 replies
Your primary residence rate is very low so as long at that's a fixed loan I would keep it, money is cheap.My mindset is focused on long term wealth creation so I like the cashflow.
5 June 2014 | 2 replies
BTW, a title company can not claim the creation of a contract under Errors and Omissions, so good luck recouping any failed interactions.
4 July 2018 | 9 replies
But you must be very careful lest your development activities become inventory creation rather than long term asset exchanges.
8 June 2011 | 21 replies
LOLJust kidding.For your dad it sounds like he would be a great candidate for an absolute triple net lease.You get mailbox money and the tenant pays for all costs on the property.It depends if your dad wants wealth creation or wealth preservation.I have some clients that have made millions already and don't want the headache of multifamily.They just want mailbox money form a national tenant and to outpace inflation as safe as possible.If you want I can be reached anytime.Really you would need to post more on what your dad's goals are for the 450k.
26 September 2010 | 10 replies
It is hard to get capital formation in any market to drive job growth that drives home purchases with new job creation.
12 January 2017 | 3 replies
As an example, there are still niche Midwestern cities that are poised to benefit from population inflows and job creation.
9 March 2020 | 7 replies
Looking into LeadKnack, they promise 10 solid leads from their list creation and telemarketing this list.
18 February 2019 | 18 replies
Providing funding was a natural next step in investing for him which led to the creation of DoHardMoney.