Wichita Kansas Investors

[Toby Khan]

Fellow Investors, I haven’t lived in Wichita for 6-7 years but a friend of mine mentioned that Wichita rental market is great for cash flow. I live out of state and own lot of properties here but I did graduate from WSU years ago and I’d love to invest in Wichita. I came across some duplexes (portfolio deal of 6 duplex) on Central and West street area. So I’d very much appreciate if active investors in Wichita can share their opinion/thoughts about investing in Wichita post Covid 19 era. If it is still a good cash flow market (appreciation is low in ICT) ? Is the city landlord friendly? Is there job growth along with population growth? 

[Anne Shoemaker]

@Toby Khan

I live in Wichita. The rental market is still doing well. The houses are still reasonably priced. Houses spiked initially in appreciation and then dropped a little. I think they have leveled out. There are several good deals here.

I’m also in property management on the apartment side- we have found most judges have turned to being very tenant friendly. We have lost about 1/2 of our court evictions that should have been slam dunks. One involved drugs/criminal activity and our lease clearly states that is a lease violation. We lost the eviction. Gov. Kelly has put extra protections in place over any federal guidelines.

Of course an individual owner has different requirements than an apartment complex- and I don’t know if the outcomes would be different in our court system.