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All Forum Posts by: Kayla G Gilchrist

Kayla G Gilchrist has started 2 posts and replied 3 times.

Post: Furnished Finder/ Medium Term Rental

Kayla G GilchristPosted
  • Real Estate Agent
  • Kansas City, MO
  • Posts 3
  • Votes 7

I do want to note for people reading this thread later, I did require the renter's insurance. My agent explained to me that their Renter's Insurance also helps to protect me against damage they to do my property (of course beyond a standard security deposit). If you don't have Renter's Insurance from a tenant, your insurance company has no one to go after (especially if it's something caused by their doing - i.e. house fire from them cooking, overflowing bathtub, their guest falling, etc). If they continuously file claims through MY insurance, my insurance could very well choose to not renew with me, I'm paying for deductibles, and my premium costs sky rocket in the future. Long story short, my agent said to steer clear from any tenants that do not agree to provide renter's insurance on a MTR.  Hope this helps someone else!

Post: Furnished Finder/ Medium Term Rental

Kayla G GilchristPosted
  • Real Estate Agent
  • Kansas City, MO
  • Posts 3
  • Votes 7

Hello - do those that use Furnished Finder or perform 30-90 day rentals typically require their tenants to get renter's insurance? I'm getting some push back from a potential tenant that she's never done that before on air bnb MTR's. However, I know renter's insurance protects her items AND mine if damage is done to my property by the renter. Thoughts?

Post: KS/MO Wholesaling Laws (Kansas City)

Kayla G GilchristPosted
  • Real Estate Agent
  • Kansas City, MO
  • Posts 3
  • Votes 7

Hello, I'm looking to get more involved with wholesaling (particularly in KS/MO). I was doing due diligence into the legalities and found a website that said the following: 

"Making an offer on a house that is contingent upon your finding someone to buy it from you is illegal."

Apparently this applies to OH, KS and MO. That seems like the whole point of wholesaling. Am I missing something? 

Thanks!