All Forum Posts by: Michelle Lutz

@Bonnie Griffin Kaake Great answer! Thanks for sharing.

@Julie Sisnroy agree to what both you and @Anthony Gayden are saying in regards to property taxes. My rental/investment property in both Douglas and Sarpy have seen taxes double, some cases triple over the last 5 years. I still begrudgingly invest in Bennington, a suburb of Omaha but I cringe every time I get mail from the county. Such a pity because Omaha offers so little in the way of amenities for all those property taxes. This is why Kansas City Kansas and Missouri are my favorite places to invest. 

@Ashley Zhang Hi Ashely, I’ve recently been working on a similar project although I already have the land. High density is generally more like 18-24 units per acre. Have you checked out the zoning in your area? I decided to partner on this project to make it work for me. I’m putting up the land and my partner is putting up the money for construction. Triple check utility availability and proximity to the parcel. Good luck!

I am a multifamily agent in Kansas City and work exclusively with investors. Of those about 70% are out of state. Im also an investor both in Kansas City and out of state and had approx 16M in transactions last year. There are terrible agents too- dont get me started- but for this discussion, what makes a great client? Three things. 

First, dont waste my time. If you get me on the phone and start asking me questions Google can give you the answer to, we're not going to get along. Im here to coach you on your personal investment situation, not teach you the basics of real estate. Go listen to a podcast or ten. Second, dont pump me for all my contacts before you have something under contract and we've worked together. Do I know the best PM's, rehabbers, lenders? Sure. If a haven't vetted you then Im not passing you onto great people who also don't want their time wasted. Don't expect this valuable info to be handed out freely before you build a relationship with your agent. Third, trust me! Nothing is worse in a transaction then when a buyer is suspicious of your advice. Im part of YOUR team and there needs to be a certain level of trust. Do successful agents get to be that way by handing out terrible advice? No, investment agents are successful because of repeat business. We want to see you make money so you keep coming back to add to your portfolio. 

Last part goes without saying, but select an agent and build an exclusive relationship. If you want to switch, completely fine but be transparent. Two agents showed up yesterday at the same property to preview it. When we found out we were both there for the same client, we went and had coffee, chatted for two hours about great off market deals coming up and deleted that client from both our lists. 

Finally! Back by popular demand....the next in person KC Meetup! The Well in Waldo at 7pm on July 15th. We will meet on the back patio. Come chat real estate! No formal presentation, just come and hang out. All experience levels welcome. Message myself, @John Wires or @Quinten Sepe with questions. 

I try to use both. Paper application is great to have on hand for future reference. I generally use My Smart Move for online tenant screening. Unfortunately most online screening services will not reveal applicants SSN or make downloading a copy of credit, eviction, etc reports easy. I assume that this is for security purposes. For that reason I like to have backup in the form of a paper application for tenant files.

I use it everyday. The pro version lets you download reports and separates out sq footage, beds and baths.

Im so happy to witness your success and honored that I get to be your multifamily agent in Kansas City. Your story is an inspiring one! Great job.

Yes, there is a FB page for this local group. PM me and I will add you. 

Next Meetup is Thursday Feb 6th at 7pm. Join us for casual get together. No agenda, speaker or high pressure anything. The Well in Waldo just inside main doors. All experience levels welcome. Come chat real estate investing with other like minded people and stop driving your friends and family nuts. :-)