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“I can’t pay the rent.” “You must pay the rent.” “I can’t pay the rent.” “You must pay the rent.” “Anything but the rent.” “Anything?” “I’ll pay the rent.” “My hero.” “Drat. Foiled again.” My kids used to play this scenario between the fair maiden and the dastardly landlord and the unexpected entrance of Dudly […]

Unfortunately, in this Covid-19 economy, we may see many homeowners in trouble financially, meeting their mortgage obligations. They may want to sell, but they have fallen behind with maintenance. The house may require a lot of money to correct conditions that any competent inspector would reveal. Most realtors would caution against listing the house for […]

Now more people work remotely from home, and that means a home office tax deduction. Even before the pandemic began, remote work was growing in popularity in the tech industry. Twitter decided to allow employees to work from home indefinitely and is the largest tech company to date to offer such an option — which could give […]

Thanks to the continued impact of COVID-19 on the economy, The Housing Wire, tells us that approximately 10% of borrowers whose mortgages are backed by the Federal Housing Administration or the Department of Veterans Affairs are in forbearance. The data comes courtesy of a new report from the Mortgage Bankers Association, which polled more than 50 mortgage servicers that collect […]

Perhaps no topic is more overrated, misunderstood, or debated than cap rate. You could argue that the capitalization rate has more inaccurate or misinformed articles written about it than pretty much any other topic on real estate. So what are capitalization rates? What are Capitalization Rates? Investopedia describes capitalization rates (cap rate) as “the rate of return on […]

We have come a long way from the time just a few years ago when Zillow showed almost 1600 homes were in foreclosure in Kansas City. Many are experiencing hard times once again because of Covid-19 and our inability to go to work. For the moment, lenders and landlords are doing all they can to […]

If you sell rental property that was your primary residence you may experience a common problem for ex-pats. For example, you own a house in Kansas City but have decided to move to San Miguel de Allende, Mexico. When you get to Mexico, you fall in love with the city, the culture, the people, the […]

I was struck by the headline on an article at BiggerPockets by Alexandra Hughes titled “Putting People First.” When it comes to business needs, it’s easy to forget that our renters are people, too. In a time of crisis like the pandemic we’re experiencing now, it’s more important than ever to remember that. ‘I know […]

Americans are scared. They have lost their jobs temporarily (we hope), and there are bills to pay and obligations to meet. They don’t know how they will pay for housing, which was taking 30% or more of their monthly income before the lockdown. Not only do they have that pressing problem, but their children have […]

KCTV5 News tells us, “The Coronavirus is causing the shutdown of businesses and schools, so what does this mean for people buying and selling homes?” KCTV5 News’ Abby Dodge asked experts about their experience with the pandemic and if it could disrupt the housing market in Kansas City. For now, signs are still going into […]