Monthly Archives: August 2008

August 6, 2008 · 8:10 am

Landlord Loses His Mind

From today’s Kansas City Star:

Newark, Del. | Police have arrested a landlord who allegedly rammed his Hummer into a renter’s house, claiming the tenants were behind on their rent.

Police said the 30-year-old landlord crashed the SUV into a home on Lute Court in Harmony Woods about 3 a.m. on Thursday.

A 50-year-old woman an her 53-year-old husband sleeping inside an were jolted awake by a loud crash and the house shaking.

Officers learned the man was the landlord and went to his home and saw the damaged Hummer with a pine branch stuck in the front bumper.
|The Associated Press

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First, how does this help the landlord with his expenses?  Second, how does it help collect the rent?  And third, I’m sure there is much more to the story.  Aren’t you?  But hey, maybe he needed the money right now for gas.  I might suggest that if your tenant hasn’t paid rent that you handle it a little differently.  🙂

4 Comments

Filed under Misc. Real Estate, News Of The Weird

August 5, 2008 · 10:10 am

Bad Guy Update

A few days ago I wrote about a crooked real estate investor that operates here in the Kansas City area.  Upon futher research and confirmation I did find that he holds a real estate license and holds it with a different franchise of the same company I work for!  Well, this simply won’t do.

I’m happy to say that this person will no longer have his license with Keller Williams Realty effective Friday.  Why Friday?  I’m not sure.  But I have been assured that he’s gone.  Good.  One less yahoo out there causing problems.

And I heard from Ben Edsall over at Turn-Key properties that this crooked real estate investor stuck a bank he works for with over 100 properties.  100!  One hundred!  Uno hundred!  Can you imagine? 

And still two different sources have assured me the FBI is investigating the dude.  I don’t take joy in the misery of others.  But this guy deserves all he’s gonna get. 

When you are looking to invest in real estate you better check out who you are going into business with.  Anything less than 100% transparency should be huge waving red flag.

2 Comments

Filed under Legal Issues, Misc. Real Estate

August 2, 2008 · 6:36 pm

Rehab & Rent Workshop Announcement

There will be a Rehab & Rent Workshop put on by Chris Lengquist of Keller Williams Realty in Olathe on Saturday August 23, 2008 at 9:00 am and ending about noon.  Space is limited so you must register to attend this workshop designed to teach you the numbers and philosophy of buying a home under market, rehabbing it to rental standards and then renting the home for cash flow.   The location will be at Keller Williams Realty Olathe located at 801 N MurLen Rd, Olathe, KS. 

Guest speaker Ryan Dusenberry will also be in attendance to share his own personal experiences with this technique that has allowed him to build his investment property portfolio to 9 properties…and he’s still in his mid-twenties.   And of course Chris Lengquist will be there to teach the fundamentals of how to evaluate these properties to choose between the winners and the losers.

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  • Have you ever wanted to own rental property in the Kansas City area?
  • Have you ever wanted to rehab a house for the profit?
  • Have you ever been frustrated with the available inventory of rental property and rehab property?
  • Have you ever wanted to know how to evaluate rental property before you buy?
  • Have you ever wanted to hear from someone actually doing it?
  • Have you ever wanted to hear from a lender on the subject of rehabbing and renting?

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There is no charge for this Rehab & Rent Workshop.  But you must register.  Simply click on the register highlights and fill out the form and indicate that you are registering for this workshop.  There will be no books to buy, no seminars to sign up for at outrageous fees and no tapes proclaiming any get rich quick schemes. 

This is a hands on workshop so feel free to bring a calculator, pencil and paper.  Bring your questions and a good attitude. 

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What if you could buy a home or duplex that was for sale significantly under market?  Maybe not enough under market to flip the house but enough to rehab and then rent.  You’d have great cash flow and a fair amount of equity just sitting in the property waiting for your next move later down the line. 

More of this strategy will be discussed in detail at the Rehab & Rent Workshop.  Register now.

8 Comments

Filed under Investment Property, Misc. Real Estate, Real Estate Investing