All Forum Posts by: Christopher Webb

A 3 month project is way too long. As the owner of a property management company, our goal is to have basic turns done in about a week. Ones that need rehab are about 2 weeks, sometime 3 depending on the project. A PM company should already have all the vendors in place for each of those tasks (carpet, paint, flooring, etc) and should be able to simply dispatch them out in the order needed. 

While 5 units may be a large portion of your property, it shouldn't be an overwhelming amount for an established company. Again, they should be doing turns and possible rehabs for all their other turns on a regular basis. 

I would be embarrassed if I had to tell an owner that their rehab/turns took more than a month to complete. 

Have you taken a look at the zoning? Are there any restrictions on the type of property that can be built on the site? 

The reason people with the financial means to pay cash choose to finance is mostly due to leveraging. If you have $150,000 sitting in the bank, and want to pay cash to purchase and flip a property, you are tying up a large chunk of your cash into that one project. If your typical flip costs about $50,000, then you would have at most 5 projects in the works. But if you only put $10,000 down and finance the remaining of each project, you will have the ability to have many more projects working - or you have the ability to leverage and invest your money in additional opportunities. 

You may want to look into wholesaling some single family homes first and begin to work your way up. It will be difficult to acquire a multi-family property without any cash and without a history successful investing. Continue to explore the forums here on BP and I also suggest checking out the podcasts. 

Best of luck. I hear stories everyday of investors who have had terrible property manager experiences. The bad ones give us good ones a bad reputation that is hard to overcome. 

Urban Realty provides high-quality HOA management services in Kansas & Missouri (Kansas City greater metro). With low management fees, easy online community portal, 24-hour emergency maintenance, and complete CPA verified accounting & bookkeeping services. Board Members can access all HOA record 24 hours a day with our advanced online association portal.

Give us a call today!

Jamie, welcome to BiggerPockets! I'm in the Kansas City region. While I'm not the right person to help you with the front end of a deal, I can always help you in back end - placing tenants in turn key opportunities, property management, cash flow portfolios, etc. 

Urban Realty manages single & multifamily properties along with HOA and condo associations. I actually used to manage some of the townhouses right along the highway in Spring Hill. Again welcome, and let's connect when the time is right.

@Ayodeji Kuponiyi You may want to double check the Kansas Landlord / Tenant Laws before asking for a security deposit larger than one month's rent. There are other ways to get additional money up-front and the use of parent co-signers is always condemned for college town properties. 

http://www.kslegislature.org/li_2012/b2011_12/statute/058_000_0000_chapter/058_025_0000_article/058_025_0050_section/058_025_0050_k/

Seller is looking to find cash buyers. Has package of 11 properties in historic northeast that are all occupied, and have had long term tenants in place. Willing to sell as package or individually. If you are interested, let me know and I can get you in touch with the right person. Properties are not listed on MLS.

Hello all. I am interested in finding new property management clients. I have many years of experience in the industry and have a strong passion for property management (I know, I must be crazy!). I am looking for investors, rental property owners, and even home owner and condo association boards to provide management services. 

Our office is located in downtown Kansas City and we serve the greater Kansas City metro area. It is hard for people to find quality property management companies and I want to build a reputation as a high-quality management service in the region. 

In order to encourage new clients, I offer a Pay-to-Leave promise as well as a Eviction Protection promise. If anyone is not satisfied with our services, they can cancel within the first 90 days of service and have all their management fees refunded - and we will even pay the first month of service to your new management company. 

If any tenants that we place in one of your properties default within the first 6 months after moving in and require eviction procedures to be filed, we will pay the legal fees associated with the eviction. 

Other points of interest:

• Not set up costs
• Low monthly management fees
• Heavy discounts for multi-family properties
• Online access 24/7 for owners and tenants 
• Pay rent online, in person, by mail, or even with cash at retail locations (like Walmart)
• In-house maintenance labor affordable at $35 / hour
• Extensive approved, insured, and reliable vendor network
• 24/7 live answering service
• 24/7 emergency maintenance
• Preventative maintenance plans
• HOA and Condo Association Management services offered as well

If anyone is interested in more information, feel free to reach out to me at:

Christopher Webb
Urban Realty Inc
111 W 10th Street
Kansas City, MO 64105
866-228-2400 (office)
913-832-7819 (mobile)
www.UrbanKC.com
[email protected]

Thanks and I look forward to serving you!