All Forum Posts by: Michael Niemeier

This park is on private water and sewer and was sold to him without the previous owner disclosing an abandonment by the previous utility company. Long story short the utility company is in negotiations with the state to raise the monthly bill by 200$ on every pad and it is about to destroy his profit margin. several of the tenants I've talked to are trying to figure out how they can leave because they aren't happy their lot rent is going to almost double when it goes into effect. during my due diligence I discovered that all of the homes in this park are on electric heat and haven't negotiated with the electric company to lower their rates because of it. 

I'm thinking if tenants have their water and sewer bill go up but I can get their electric bills to drop I can generate some good will with them and take the edge off of that blow or I can negotiate the purchase price with that in mind with the current owner and cultivate some profit margin he hadn't considered. I don't want all these families to be paying higher utilities than they should and I don't want to try to take advantage of the local guy just trying to get clear of a bad situation but I feel like if I disclose this to them to try and help them out I'm giving up the only negotiating leverage I have. 

What would you do?

if your looking for one in warrensburg iv heard Teresa Colster is really good although i personally have not worked with her.

there are a few of us what are you interested in?

Ha i actually just posted this question about sed. It may be horribly inefficient use of my time but i went down to the zoning office and had them print three copies of the city limits zoning map. The first i use as is to determine attractive market area's. The second i use to designate what properties are owned by realestate investors i know of, are owned by trusts or llc. The third i use as a visual map for my driving for dollars to classify properties roughly into ABCD catagories all of which can be done relatively quickly from a laptop. using beacon.gis and google earth. hope this helps i haven't come up with a better way yet but if i do ill let you know.

I am trying to do market research in my area on anyone who is doing direct mail marketing. All my AdWord searches Google, Bing, Yahoo, duckduckgo, ask, route into kansas city we buy houses companies who aren't interested in investing in low cost low return property two hours away from their bread and butter. I have tried collecting old direct mailings sent to local landlords I know in the area but so far no one has received any that are Real estate related or at least that they are willing to share. I am under the impression that absentee owners are the low hanging fruit and the most likely to be targeted first. I really don't think it should be too hard to find people that want houses for cheap in Sedalia Mo. Does anyone have advice on something I may have overlooked or not thought of? Or is there just not anyone doing this kind of advertising consistently enough to stand out? Should I be ecstatic no one is doing direct mailings here or pensive that no one else is even bothering to?

 Well no but it's not a landlords job to play Sherlock Holmes to pick up petty criminals and iv never seen a lease where a landlord swears not to testify as a material witness against their tenants.

I'm thinking of Harry dents book the demographic cliff . He uses Japan as a model for comparison their Real estate is apparently still stagnant from a bubble in the 70's. I don't have numbers to substantiate that though. His argument is that with the standard of living increasing the availability of birth control etc. Was the reason for their following generation being smaller than the proceeding generation and That north America has a mirrored demographic that could put us economically in the same position. I haven't done nearly as much research as he has on the subject but I do think it's worth considering.

 I believe the argument was based on birth rates and pew research includes everyone within an age range including immigrants which offsets the difference I'm looking to find it now.

One thing that I haven't seen anybody mention is that the actual millennial generation is substantially smaller than the baby boomer generation is I watched a YouTube video making the argument that it wasn't millennials refusing to buy houses that was going to be a future problem for speculation builds but the fact that they're just weren't as many millennials available to buy or rent at all.

hey Austin the sedalia landlords association meets on the fourth Thursday of every month this may it is the picnic at liberty park next to the small railroad track at 730 if you are interested. It's great to see someone else from Sedalia that is active on Bp I would love to connect with you if you're interested.