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Kansas City Property Management Information

What is a Lifetime Tenant Guarantee? Kansas City Property Management Education

Tom Sedlack - Monday, June 19, 2017

For many of our Kansas City property owners, tenancy and the quality of tenants is a concern and something a landlord needs to consider. A bad tenant is not like fine wine – it doesn’t get better with age. For most investors, a bad tenant should be ripped off quickly like a Band-Aid. You want to evict the tenant immediately and start fresh.   Read More

Should I Rent or Sell My House in Kansas City? Property Management Tips

Tom Sedlack - Monday, June 12, 2017

There’s a buzz phrase that goes around with all the Realtors in the springtime, and that is: “now is a good time to sell”. As professional investors and property managers, in our experience, it is never a good time to sell. In fact, holding real estate as part of your total investment portfolio is one of the best investments you can make! Today, we’re talking about why rental properties make such great investments.   Read More

HOA Maintenance in Kansas City (KC), MO | HOA Management Education

Tom Sedlack - Thursday, February 23, 2017

HOA maintenance is something that most HOA managers only think about when there’s an issue. In many cases, maintenance is an extra service that just adds to their daily burden of providing good service to the association, so many managers just do the minimum when it comes to supporting the board.   Read More

The Move In and Move Out Process | Kansas City (KC) Landlord Advice

Tom Sedlack - Thursday, February 02, 2017

Single family homes are probably some of the most difficult properties to manage. With multi-family properties, you have the same paint colors and flooring and appliances, and they are all co-located with an on-site maintenance person and a leasing agent. The management is simplified, as well as the ability to organize maintenance. With single family homes, not so much. There are different paints and carpets and they are all scattered throughout the metro area. You need to put a lot of trust into your individual tenants. So, it’s important to ensure you have a lot of documentation which goes beyond the lease and addenda. The move-in and move-out documentation is especially critical.   Read More

How to Evict a Tenant in Kansas City KC-K/KC-MO | Property Management Education

Tom Sedlack - Wednesday, January 25, 2017

In Kansas City (KC), you need to be aware of which state you’re in when evicting a tenant, because the laws are different in each state. In general, the process is similar. The first thing you must remember when you’re considering an eviction is that bad tenancy, whether in the form of late payments or no payments or something else is not like fine wine. It doesn’t get better with age, so rip the band-aid off and find yourself a new tenant who is better. You can do a better job of screening and ensuring you have responsible people moving into your home. Trying to limp along with a bad tenant is never a good idea and will probably cause more damage to property and cash flow than simply moving forward briskly.   Read More

What Does a Property Manager Do in Kansas City, KC?

Tom Sedlack - Wednesday, January 18, 2017

Kansas City, (KC) unlike other metro areas, has a lot of unique attributes. It has a river dividing it in half, it crosses two different states with different state statutes and laws, and it has a myriad of counties including a consolidated county. There is a lot to know if you’re doing business in the Kansas City area. It’s a great place to be a citizen, and it’s a great place to live. It’s also a great place to be a property manager, as long as you’re aware of all the complexities and inner workings in the metro area.   Read More

How to Set Fair Market Rent in Kansas City | Professional Property Management Education

Tom Sedlack - Friday, November 04, 2016

Setting rent is sometimes an art and sometimes a science. Usually, it’s a mix of both, and there are a lot of metrics that are involved. It’s important to be sensitive to the marketplace and the factors that tenants are looking for. The bottom line, and the thing that makes home investors successful, is to buy and rent homes as investment properties that you would live in yourself. These are the homes that have the layout, the amenities, and the school districts that appeal to good tenants. Like you, tenants are looking for specific numbers of bedrooms, bathrooms, a garage, a yard with a fence, and all those things that are important when you’re buying a home.  Read More

Open House

Web Admin - Wednesday, November 02, 2016

33rd Company is proud to celebrate our new office space at 1951 Woodlane Drive, Woodbury, MN. The Woodbury Chamber of Commerce Ribbon Cutting ceremony and open house was held on October 27th, and was attended my Chamber members, including the Mayor of Woodbury. Our new office space is approximately 8500 SF, and includes a large Board Room, conference rooms, and offices as well as an employee break room. The renovations to this office were completed after the prior building occupants moved to their new location. The building was previously occupied by the Minnesota Sherriff association. The office underwent and extensive interior remodel, and also included the addition of an exterior gable, new monument sign, and other improvements. Further renovations including landscaping and patio are planned for the Spring of 2017. "We are excited to now be fully moved into our new space" stated Tom Sedlack, General Manager of 33rd Company, Inc. "as we now have the space we needed to grow in Woodbury." The move was completed on October 19th from the previous location in the Wenck office park.  Read More

How to Maximize Your Rental Income with Affordable Upgrades – Kansas City Property Management

Tom Sedlack - Tuesday, July 19, 2016

When it comes to upgrading your rental property, what works with selling also helps with renting, but on steroids. Instead of getting a small percentage of an upgrade cost with a higher sales price, you’ll get a persistent stream of cash flow benefits from upgrading and improving your rental property. Such benefits include higher rent, less turnover, better tenants, and less delinquency. All of this means higher cash flow and not just for one year, but every year afterwards. Most improvements generate more than 100 percent of their costs. The property value also increases in case you decide to refinance, take out an equity loan, or sell. So maintain the home, and make strategic improvements.  Read More

Do My Tenants Need Renter’s Insurance? Landlord Tips in Kansas City

Web Admin - Tuesday, July 12, 2016

For landlords who are wondering whether their tenants in Kansas City need renter’s insurance, the short answer is YES! At 33rd Company, we make it a requirement in the lease agreement that tenants have to acquire personal property and liability coverage for themselves and their guests. The reason is simple. This insurance protects the tenants, the property, the owner, and the property manager.  Read More

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