All Forum Posts by: Jason Waldo

@Jonathan Klemm

My wife and I personally use kc home rental to manage our properties and think they are fantastic. I know the owners pretty well and they are investors as well. Send me a PM and I can give you his name and number. My in laws use MGC in lees summit and Michelle is great. She is the owner. I dont know her supper well but from what I do know I like her. Not sure of all of her territory she covers. Also I know a few really good handy men / contractors if your in need of a few. I only work with high integrity people and don’t have time for any crap. I am a business owner and I run my real estate like a business as you should. I hope this is helpful! Let me know if you have any questions.

Jason

@Nate Sanow

1) purchased at $32,000 no money down mortgage $282/month rent $925/month HOA $196/ management fee $50/month —— total CASHFLOW $397/month

2) purchased $100,000 down payment $5000 rent 1,000/month management $50/month mortgage $656/month ———— total CASHFLOW $294/month

What do you guys think??

@Elenis C. If it were me I would fix everything that is a safety hazard and make sure the living condition is safe all around. The laundry machine shouldn’t be draining out a window so I would fix that so it drains properly through a pipe going through the floor or wall. After that I would just make a list of things that need to be fixed and just let her know that you will fix everything that is a potential safety hazard. I wouldn’t send her any inspection records of any kind. As far as all the other stuff that needs to be fixed just make a note about it on your end and address it when she moves out. Just because tenants tell us they want things fixed doesn’t always mean we are going to jump out of our seat to go fix it. Tenants are clients and just because a client asks for something doesn’t mean they are going to make us spend money on our business. Businesses have budgets that have be stuck to or else the business suffers and the client/tenant could be effected by not having a home to live in because of bad money management. If that makes since? Obviously don’t be rude or mean about it but landlords don’t have all the money in the world to do everything someone asks. Hopefully that is helpful in someway. Love to hear back what you think?

Hey there! My wife and I currently use kc home rental and have been using them for a long time. The owners are great and are investors as well. My in laws use MGC out of lees summit and are very happy with them. I know both the owners personally and respect what they do. I also know a lot of affordable handy men and contractors if you need some references. Hope that helps!

Jason

Good afternoon everyone. I am looking to see if anyone out there knows of someone who is wanting to sell a duplex within the Kansas City area. I’m looking at selling a property this spring and reinvest the money into a duplex. If you or someone you know has a duplex thy are wanting to sell please let me know!!

Thanks,

Jason

@Jeremy Clarke what’s the name of the complex? I use to help manage one down in Kansas City. I might have a contact for you depending on the complex.

@Justin Kurpius we would never take from our reserve to finance a deal. We are working on saving up an additional 10k apart from the 5k we have set aside for both properties as an emergency fund. We are going to buy a duplex and have it as a primary residents so we can get into it for a lot less than just buying it from the start as a pure investment property.

@Matt Said thanks for responding! Yea my wife and I have already said to live off one income and then save/invest 100% of her income. My credit is 710 and rising. It actually has risen 7 points over the last 30 days. So I am doing what I can to track everything. We also do not plan to ever touch the cash flow from any of our properties for a minimum of 10 years. We look at this as our retirement and the cashflow to compound quickly and reinvest the dividends/cashflow. I’m 30 years old and my wife will be 30 next January so we are hoping this plan works out in the end, lol.

@Adam Mittermeier yea, I have never liked the idea of running finances to thin and want to make sure I dont do that. I am looking for duplexes that are between $150k-$200k

@Eric Adobo thanks for your response! Our goals are to get to $3,000/month in passive income to replace my W-2 income so I can stay home and do my business and help raise our little girl and homeschool our children. That’s our main goal and motivation.