Why you need to get tenant turn over right - from Andrew Syrios

Turn-Over: Every Day Your Rental is Vacant Cost You

Getting Tenant Turnover Right: Maximize Income and Minimize Costs Tenant turnover is one of the biggest operational expenses for buy-and-hold real estate investors—often second only to property taxes. Unlike taxes, however, turnover is something you can influence significantly. When done right, it can help you increase rental income and lower costs, improving your overall cash flow and investment performance. As we have Andrew Syrios coming in March to share on this topic, we have been reading up on the subject on his article on BiggerPockets about mastering tenant turnover (read it here). And as he is managing 500+ units, we’re pretty sure he knows what he’s talking about.  His strategies align with what we’ve found to be the most effective ways to manage turnover, reduce vacancies, and optimize rental income.  We wanted to share a few of the key points. Reducing the Need for Turnover One of the biggest myths

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Housing Providers Win Injunction Over Kansas City Missouri’s Source of Income Ordinance

Kansas City Housing providers win Preliminary Injuction over the Source Of Income Ordinance. A federal judge blocked the Kansas City Missouri Source Of Income Ordinance that required housing providers to not discriminate against potential renters based on their source of income.  The injunction pertains to housing vouchers only. The City has not stopped all enforcement of source of income discrimination investigations related to housing voucher recipients. From Attorney Julie Anderson Attorney Julie Anderson has several blog post on her website about the court cases and the bills in Jefferson City: On the Injunction: read the full post o The injunction takes effect immediately and will remain in place while the case islitigated.o Kansas City cannot enforce the ordinance against landlords declining Section 8 vouchers.o The case is ongoing, and a final ruling on the constitutionality of the ordinance is still pending. On the Bills to Change Law:  read the full

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