Blog Post

Traditional Investing is Complicated, Invest in Lee’s Summit Real Estate Instead

August 22, 2016

Many people are still feeling the effects from the blowback that occurred after the last stock market fallout. Everyday investors lost a lifetime of savings they had built up for retirement, and some of them still haven’t been able to recover. We are advised by brokers who make money regardless of whether they recommend good investments or bad. At Midwest Property Resources, we suggest that you consider Lee’s Summit real estate investing instead of or in addition to what you’re already doing.

Lee’s Summit Properties: Tangible Assets

A piece of real estate is a tangible asset. Unlike a stock, you can feel and touch it. The asset is also protected against the risk of immediately being worth nothing, which is always a danger when you invest in a stock. Your real estate investment has insurance, which protects you against devastating losses, terrible storms, and unexpected catastrophes.

Real Estate Investment Gives You Control

You have more control over the outcome of your real estate investment. You can decide who manages it, who takes care of it, and what happens to it. When you invest in a property, you can live in it, sell it, or hold onto it and rent it out.

Earning Value in Your Investment

There are multiple ways for a real estate investment to gain in value. This can happen through appreciation or dividends like rental income. With real estate investing, you don’t have to worry about complicated numbers that you don’t understand. Most people invest in the stock market with blind faith and trust that it’s always going to go up and their investments will perform better. But it doesn’t always make sense, and more economists are starting to share that message. With real estate, investors can get advice from local experts based on sound strategy and reason. You can make an effective plan and have a Choose REI instead of Traditional Investlot more control over the tangible asset. You’re looking at dividends or rental income as well as appreciation, which protects you against inflation.

Take control of your future. Simplify your investment strategy and invest in real estate. If you’d like to talk about how we can help you invest and manage your property in Lee’s Summit, please contact us at Midwest Property Resources.

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Best Tips for Self-Managing your Rental Properties

By Trisha Goodale • March 17, 2023

Owning and managing rental properties can be a lucrative business, but it comes with its own set of challenges. From screening tenants to handling maintenance requests, property management requires a lot of time and effort. Here are some tips to help you effectively manage your rental properties and maximize your returns. Set clear expectations Before a tenant moves in, make sure to set clear expectations about the rental agreement. This includes the rent amount, due date, late fees, maintenance responsibilities, and any other rules or regulations. Having a clear agreement in place can prevent misunderstandings and disputes down the line. Screen tenants thoroughly A thorough screening process can help you find reliable tenants who will take care of your property and pay rent on time. Ask for references, run background and credit checks, and verify income and employment. It's also a good idea to have a conversation with potential tenants to get a sense of their personality and communication style. Maintain the property regularly Regular maintenance can prevent small issues from turning into big ones and keep your property in good condition. Schedule regular inspections and make sure to address any repairs or maintenance requests promptly. You can also consider hiring a professional property management company to handle maintenance tasks for you. Communicate effectively Good communication is key to a successful landlord-tenant relationship. Be responsive to tenant requests and keep them informed of any changes or updates related to the property. Establish clear communication channels and respond promptly to calls, emails, or messages. Keep accurate records Maintaining accurate records can help you stay organized and ensure that you are in compliance with local laws and regulations. Keep records of rent payments, maintenance requests, inspections, and any other relevant documents. Consider using property management software to streamline your record-keeping process. Know your legal obligations As a landlord, you have legal obligations to your tenants, including providing safe and habitable living conditions, respecting their privacy, and following eviction procedures if necessary. Make sure you are familiar with local laws and regulations related to rental properties and comply with them at all times. Of course, if you have a property in Lee's Summit, Raymore, Blue Springs or other surrounding areas, we'd love to assist you with all of your property management needs.

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