All Forum Posts by: David Rudaitis

@Brian Brusich

Having them pull comps is very simple and hard to mess up. If you have them send you all of them for the area, then you can make the determination of which ones are best for you. Most are happy to help with pulling the information you in hopes to be your agent in the future.

@Brian Brusich

Make friends with some realtors they will help you get accurate comps so you can figure the ARV. Other than that Joe is correct on the best way to figure ARV I have seen most appraiser use this method.

@Mark Buskuhl 

This is probably going to be Owners responsibility. It will probably be an insurance claim if the repairs start to rack up. The only way this will become something you can charge the tenant for is if the courts find them responsible for the actual act. 

@Idan Narotzki 

In Kansas City the city will send a warning letter to you prior to issuing a fine. If the city does mow it will be on you to pay the fine, however, Most if not all PM will put a vacant house on their mow list as soon as if not before the tenant moves out which means it should be mowed within 30 days depending on starting condition during move out. I know some do not mow lawns more then 2 times a month however most try to get away with 1 time a month to save owners. My concern is after 30 days of vacancy would be why is it not renting. If you bought a property in a desired area and proper marketing is being done the house should be rented within 30 days as long as the house shows well. If this is not the case then the PM company may not be promoting your property. PM companies due cater more to their larger clients hower, they still owe you all the services you agreed to on the contract. Ask the pm for a showing report and comments from the showings, ask for current pictures of the property, Have them take a video walkthrough of property and street. If you do not become annoying then they will overlook you and pass you by. Multiple emails following up so you can document the conversation and have a trail of documents showing your attempts to get issues resolved.

@Mario Charity 

As far as making an offer that would be in the right ballpark without knowing your final numbers is a little bit of a trick. In my experience, I go based on owners information and pictures if they can provide them. After that, I figure a number based on the sqft of the house. Normal rehabs in my area are around 35 dollars per sqft if it looks like a bigger rehab I go a little higher. Once I have this rough number I add a little more for contingency with this I can come up with a reasonable number so I know a good starting offer. Then during the inspection period, you can always change the price if the contractor and inspection numbers say more. If the seller will not accept the new price you can cancel at this time with no penalties.

Welcome @Andrew Pratt it is great you have a goal set for yourself. I encourage you to always keep it in mind and do not be afraid to alter it if things change. You should always strive for something better than yesterday and you will always succeed.

@Shane Adams,

I am so glad to here that you are interested in Real Estate going forward and Kansas City is such a great market to get involved in. I have been buying and selling houses in the Kansas City area for the last 8 years for other companies and just recently went out on my own. I know that the MAREI meet ups and other groups are a great way to meet people and get started. My biggest advice for you is to keep your ears open there are plenty of challenges out there and many ways to handle each you just need to think what is best for you. Please reach out if you have some questions and I will try to get back to you asap.

David Rudaitis

We Sell KC Property

@Idan Narotzki

I agree with Jacob I would make sure the property manager forces the issue with threats of eviction. They should be told that if they have an eviction filed it will be hard for them to find a place. Also have them remind tenants that the rent is still due on contract no matter if they are moving. If all else fails and they do get out your best bet is a collection agency or write it off and if they have a deposit you can keep that to cover some of the cost.

We can provide Cash-flowing Turn-key properties in 5, 10, 15 and more portfolios. All properties have undergone a full rehab in 2015 and are filled with fully vetted tenants. With our in-house management service these properties are looked after for the best return on investment. 

Want to get the most for your money inquire about our financing options that can have the properties paid off in as little as 5 years. Weather you are looking for 1 property or an entire portfolio let us show you a great investment property with a dedicated staff behind each one.

Kansas City is a great market and it is consistently on the rise. We have had several investors from out of state come to us recently and purchase properties. When investing in any city you need to know the market or just people that do. Our company wants to build that trust with every client. We want to make sure that any investor finds what they are looking for so they can cash flow with great success. Even if we do not have what you are looking for we still like to help you know the area. Please let us know how we can help.