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A Guide to 1031 Exchanges in Joplin

April 8, 2024, 1:37 am

Did you know that you can swap one investment property for another without paying capital gains tax in Joplin? This process is made possible by Section 1031 of the Internal Revenue Code (IRC).

By taking advantage of 1031 Exchanges, investors may be able to build considerable wealth over time whet...

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When running a rental property, it’s important to treat it like a business, that includes ensuring your documents are well written, and protect both you and your tenant legally.

A signed leasing agreement is binding for both the landlord and the tenant as it holds the landlord responsible for mai...

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Tenant Late Fees and Grace Periods

March 25, 2024, 5:31 pm

Are late rent payments disrupting your cash flow? Navigating tenant late fees and grace periods can be a game-changer for landlords looking to encourage timely payments while maintaining positive relationships with tenants.

In this guide, we'll explore how implementing late fees and grace periods...

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A tenant can move out for a variety of reasons: They may have received a better job offer in another state, or bought a home and no longer want to rent. It’s also possible that the're moving in with a loved one.

Filling a vacancy quickly is key to save your bottom line. However, once a tenant move...

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End of Tenancy Cleaning

February 28, 2024, 4:58 pm

As a landlord, ensuring the upkeep and cleanliness of your property is paramount, especially during the transition between tenants. End of tenancy cleaning plays a pivotal role in maintaining the property's condition and attracting new tenants.

Importance of End of Tenancy Cleaning

End of tenanc...

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Pro X bought the apartments we lived in after only living there for around 6 months. My husband and I lived there around 3 years. Anytime something was broken they fixed it in a timely manner. I bought a home and just moved out, it took less than a week to get my deposit back from them. We left the house move in ready, and they gave me my full deposit back. They emailed me a packet of what to have cleaned to get my deposit back which helped a lot! Their receptionist was always very nice and patient, she always was so nice to me when I called. I had a good experience with them, soooo much better than my previous landlord. I heard negatives about Pro X, but in 3 years I never had a bad experience with them, I highly recommend them. I lived there for 3 years. I didn't have pets. Non-smokers. I used their list on how to get deposit back and made sure all of it was done. I hope all of this helps! Clean your place, don't leave it trashed, and use the packet they give you on how to clean your apartment and you will be fine!

Kim B.

For Rental Property Owners