Kansas City, MO Rental Property Owners Input Please

[Cathie Lazarus]

I’m considering buying my first rental property in Kansas City, MO. I would love to hear from owners/investor about their experience and what they like or don’t like about this market. Any preferences on neighborhood? Best rental potential? Any Turnkey experiences? Thanks, in advance, for your input!

[David Stewart]

I know that Kansas City passed some regulations for rentals recently.  I'd speak with an attorney before buying, especially if you're from out of town.  There is protection from discrimination from normal things, but also felony convictions, rental history, etc.  I know of more than a few who have sold their investment properties because they got cold feet about the situation.  I don't know what current investors are doing but I'd guess they will have to raise the rents to make up for the increased risk.  Independence is thinking about similar rules I think.  I work for an investor who buys in Blue Springs and Independence pretty regularly and he seems to do well.  Hope this helps but I would definitely look into the new laws!

[Cathie Lazarus]

@David Stewart Thank you. You brought up something I didn’t consider! I’ll look into that.

[Mike D'Arrigo]

@Cathie Lazarus I'd be happy to share my insight. Feel free to contact me.