All Forum Posts by: Dan Krupa

Svetlana I assume this was a FSBO? Do you have an agent? What does your team on the ground in KC look like? Feel free to DM me, I help a lot of OOS investors and I am happy to offer some free advice.

@Chris Flores love the post and the grind. Word of advice - anyone killing it that you truly should be learning from isn't going to offer to help. You need to be able to solve a problem for them or take something off their plate that they hate doing. Over time a friendship or mutual respect will develop, and they will help guide and teach you. If were in HS, you wouldn't reach out to a D1 athlete and or NFL player and be like, "will you teach me." The same thing applies here. 

@Nicho C. This is why you need a rockstar property manager. You very politely tell them that is absurd and stop responding. If they want it that cold to sleep, they can get a window AC unit or a floor AC unit that vents outside. 68 to 70 degrees inside when 100 degrees outside is standard. As others stated, you don't negotiate with the tenant. Again - get a rockstar PM. That is why my clients pay me. We know the laws and lease inside and out. Our goal is to make it a win-win for everyone, but when someone is unreasonable, you need to be able to handle that appropriately. 

@Mitchell Bumgardner Please don't hesitate to send me a direct message. I served in the Army for 13 years before medically retiring. I am a broker in multiple states and also own a property management company. In addition, I have successfully flipped and BRRRed over 160 properties for both myself and my clients. I have an extensive portfolio and have completed over 300 transactions. All of this has been accomplished within the past 6 years since leaving the Army, while still managing to prioritize family time. I am happy to lend a helping hand and share my knowledge with veterans and active duty members. 

@Brandon Sweet I completely agree with Michael's statement.  You get what you pay for when it comes to property management. Investing in property is a long-term commitment, even if your intention is to sell it in five years. It amazes me how some people choose to hire a property management company to save a mere $10 or $20 a month, despite the fact that such companies have poor screening processes that lead to tenants damaging the property, or a lack of maintenance plans leading to HVAC breakdowns and other issues like clogged gutters damaging siding, fascia, foundations, and flooding basements. Most property management companies are not run by investors and lack the necessary expertise in renovations, in my opinion. I was just able to save a client $13,000 on a sewer replacement because of our connections and knowledge of KCMO code. It is important to research and find a management company that understands real investing, will care for your property in the long run, and perform thorough screening processes.

Everything Jon A said, but also, why not cash out refi it? Keep it and use the tax-free cash to move into your next assets. 

Start with NREIG. If not, I have a great guy I can refer you to. 

@Fredy Cordova - Mackaylee is spot on. I am up in Phoenix. We moved here two years ago from Kansas City. My portfolio and everything I do is in Kansas City, MO still. I love KC.  If you need any advice, hit me up. I always help clients with this, and I am happy to send you some useful info about KCMO and answer any questions you might have. 

 I agree with Pablo. Those numbers aren't great if it needs repairs for an investor to purchase. I would hold it, put some money into it, and rent it out. 

Hello Dave, based on my experience working with several out-of-state investors (helping them purchase and renovate in KCMO and then providing them PM services), it's crucial to find an agent who is also an investor and fully understands your goals. The ideal agent should be knowledgeable about property management costs and renovation expenses and have a reliable list of contractors to assist you. They should also have a solid understanding of entity structure and local municipal codes. Additionally, the agent should be able to provide detailed information about the specific zip codes you're interested in. Unfortunately, not all agents possess this level of expertise. I hope that helps. If you have any questions, DM me. Happy to assist however I can.