Monthly Archives: January 2015

January 28, 2015 · 3:48 pm

Kansas City Income Property: Let’s Talk on Tuesdays

Kansas City is known for the following:

BBQ
The Royals
The Chiefs
SportingKC
College basketball
Income Property

Well, maybe I’m being a little simplistic. But seriously, Kansas City does have great income property. Want to know more?

Starting Tuesday, February 24, Chris Lengquist of Ad Astra Realty will be hosting weekly web meetings, Tuesday Talks, if you will. Utilizing software that will allow us all to gather and talk he’ll answer your questions and give you some of the breakdowns and particulars of real estate investing in Kansas City. Mark it on your calendar. You are going to want to be there and space will be limited to 15 people each week.

Registration starts next week. There will be no charge.

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Filed under Tuesday Talks

January 27, 2015 · 7:44 am

Net Worth: How You Doin’?

I saw a link that took me to this Motley Fool article that I found interesting. I have been tracking my net worth for years. Not that it is my end all be all. But you can look at it from time to time and see clearly what is working…and what is not.

The author gives a pretty basic and easy to follow formula for figuring out what your net worth is and the graphic above is explained nicely as is how not to put too much emphasis on it. It’s just another tool to see how you are doing.

Read the article and then take a few minutes to figure out where you stand. It’s easier to know where you are going when you know where you are.

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Filed under Worth Reading

January 26, 2015 · 8:29 am

REALTOR Referrals for Kansas City Income Property

Ad Astra Realty works with real estate investors every day. We manage over $26,000,000 in assets here in Kansas City. We know investment and income property.

We also know that many of our readers here at BBQ Capital are real estate agents. We just want you to know that we are happy to work with your real estate and property management referrals. You can read our Realtor Referrals web page to find out more.

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Filed under Investment Property, Kansas City Real Estate

January 20, 2015 · 5:39 am

Insurance and Your Property Manager

You need to know about insurance and how it relates to your property manager. Insurance in this business is your friend, not your enemy. Reducing your liability, and that of those who work with you, is a team effort.

One of the best articles I’ve ever read on the subject was published recently over at Certified Property Solutions of Hawaii’s blog. You can find the link here.

But I couldn’t help but wondering when I was done reading the article in why I manage properties in Kansas City and they manage properties in Hawaii. I think I am doing this wrong! 🙂

Back to the point, read the article. It says it better than I ever have.

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January 15, 2015 · 4:33 am

Chris Lengquist Has Moved to Ad Astra Realty, Inc

Official today, Chris Lengquist is no longer with Keller Williams Realty. He has opened his own brokerage, Ad Astra Realty, Inc. Chris and Ad Astra Realty are licensed in both Kansas and Missouri.

From Ad Astra Realty’s website:

“Ad Astra Realty is Kansas City’s premier real estate firm for real estate investing and property management. We also offer traditional real estate services for buyers and sellers in both Kansas and Missouri. Broker/Owner Chris Lengquist has been working with home buyers, home sellers and real estate investors since 2002.”

Please join Chris on this exciting new journey.

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January 13, 2015 · 9:04 am

Bicycling in Olathe, Kansas

Ad Astra Realty is going to start growing and sponsoring a bicycling team in Kansas City. This bicycling “club” will be be evolving. But the emphasis of this club is going to be fun.

Creative Commons: Ian Sane (follow him on flickr) no changes made

Some initial thoughts.

Our office is in Olathe with a large parking lot and Freddy T’s bar just a stone’s throw away. And The Other Place is just up the trail. Great place to start and finish a ride, wouldn’t you say?
The Indian Creek Trail is less than a quarter mile away.
We can be on the Mill Creek Streamway in 8-10 minutes and ride up to the Kansas River and back.
And the Tomahawk Creek Trailway is only about 8-10 minutes the other way.
This isn’t a club for “hammer heads”. Sure, I like to really go sometimes. And we may do that. But that’s not all we’ll do.
This is as much a social club as a bicycle riding club. Come for either or both. If you just love cycling, c’mon out.

I like to ride the trails and the roads. Sometimes I’ll throw the nobby tires back on and go ride the single tracks in Lawrence. I like to BikeMS. I’m hoping to go on the Bike Across Kansas ride this year. Biking saved my health. It helped me drop 38 pounds and get in the best shape I’ve been since I was in my teens. And, for me, it’s just a lot of fun.

Heck, it allows me to still have beer and bbq without having to count every calorie to stay in good health. So, “I’m in.”

Let me know if you’d like to be updated about the rides. Just leave me a comment and I’ll start announcing the rides.

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January 11, 2015 · 9:32 pm

Property Management – A Map of Our Owners

So sometimes, even I am shocked by what I find when I stare at the realities of what we’ve accomplished these last few years. What you see above you is a map of where our owners are located in the US and throughout the world. I honest to God thought more of our owners were located on the west coast. But as you can see they are literally from everywhere in the US. And one even over in the Middle East.

This map represents the 104 owners that we work for taking care of their 235 (as of 1/10/2015) income properties. Maybe soon I’ll share a map of where our properties are located in and around the Kansas City area. That may tell a story, as well.

KC Property Manager
Ad Astra Realty
2011 E Crossroads Ln #305
Olathe, KS 66062
913-839-2953

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