Do you know which of your tenants pay their rent on time and which ones are behind? Do you know which properties need maintenance this year and which don't? Do you know what the tenant churn is in your business?All these significant details shouldn't be in your head but a...
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Essential Tips for First-Time Landlords in Wichita, Kansas
Wichita, Kansas is known as the "Air Capital of the World" since many airline companies like Learjet and Cessna got their start here. It's also a popular place for people to settle down since the cost of living is cheaper than in other parts of the US.For a first-ti...
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Which Up-And-Coming Neighborhoods in Wichita, Kansas Should You Be Investing in Now?
Wichita has one of the most dynamic real estate markets in the country, a trend that is showing no signs of slowing. According to a report from Wichita State University's Center for Real Estate, single-family home prices are expected to grow by almost 8 percent next year.Ther...
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Decrease Vacancies With Creative Leasing Strategies in Wichita, Kansas
Wichita, KS, has a high demand for rentals, yet vacancies remain. With rental vacancies averaging 7.9%, property managers have a clear opportunity to boost occupancy.To reduce this, property managers can use targeted leasing strategies to attract more tenants. Creative leasing st...
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Streamline Rent Collection in Wichita, KS, with These Effective Tips
For landlords managing multiple properties, ensuring timely rent collection can make a significant impact on cash flow and property maintenance. A report by Zillow found that the median cost of rent in Witchita is $1,395. This represents a $295 increase since May of 2023.With ris...
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4 Reasons to Allow Pets in a Rental Property in Wichita, KS
The average house in Kansas costs approximately $276,000, making it one of the more affordable states in the country to purchase property. Its affordability also comes with ample opportunity to find renters looking for reasonable rent.When renting out to tenants, though, it's...
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3 Reasons You Aren't Getting More Tenant Lease Renewals
Maintaining a high tenant retention rate is every landlord's dream. It helps reduce your operating costs since you don't need to find new tenants often and is key to rental income maximization.What are you doing to make your tenants stay longer? Having a strategy for ensu...
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Rental Evictions in Wichita, Kansas: A Landlord's Guide
According to KRPS, evictions in Sedgwick County, Kansas, whose county seat is Wichita, have risen since 2020 and surpassed pre-pandemic counts. In 2023 alone, the numbers reached a five-year high of 5,863 filings.So, if you've recently become a Wichita landlord (or plan to be...
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How Often Should a Landlord Inspect Rental Property in Wichita, KS?
You're a landlord in Wichita, KS, enjoying a sunny Saturday morning at your favorite local coffee shop. Your phone buzzes with a notification-an unexpected maintenance request from one of your tenants.Your mind races: How could this have happened? Wasn't the property in p...
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According to JP Morgan Chase, of the US's 50 million rental housing units, 41% are owned by mom-and-pop landlords. If you've recently joined them, congratulations!Unfortunately, many accidental landlords struggle to find their footing in today's competitive landscape....
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