As I have pointed out before, Landlord Licensing is nothing more than a TAX!

While we were able to keep it from becoming a tax in Kansas City, MO they still did enact a requirement to register your rental property.
Don't Forget -- Rental Registration is required for rental properties in
Kansas City, Missouri.

The City of Kansas City, Mo., is issuing a reminder to owners of rental dwellings
located in the City in an effort to let them know they must renew or establish registration of their rental properties with the City's Neighborhood and Community Services Department on an annual basis. Annual registration of rental properties is part of the Rental Registration and Inspection Program that was established by the City Council, with passage of ordinance No. 071046 in October 2007.

Registration may be submitted anytime during the month of January without incurring
a registration fee. All rental properties must be registered within 30 days of becoming
a rental property. Failure to register a rental dwelling within 30 days of the property
becoming a rental will result in the issuance of an administrative citation fine of $50.
For each month (or portion thereof) that a rental dwelling is not registered, an
additional $50 fee will be assessed. For example, a property that was a rental in
January, and not registered until August, will be assessed a fine of $350.

Registration is required on a calendar-year basis and expires each Dec. 31.
Online registration is available at http://www.kcmo.org/neigh. Registration forms can
be downloaded and submitted by mail or in person. For more information about the
Rental Registration and Inspection Program, visit http://www.kcmo.org/neigh or
contact Shalisha Boles, Neighborhood and Community Services Department, 816-
513-3200.

 In October 2007, ordinance No. 071046 was passed requiring that all occupied rental housing units within the City limits of Kansas City, Mo., be registered with the City starting Jan. 1, 2008, and renewed each year.  A $50 per month fine for failure to register began Feb. 1, 2008. The current ordinance is online at municode.com.

Registration renewalRegistration renewal may be done anytime during December or January and there is no registration fee. Failure to renew registration of an occupied rental dwelling before February 1 of each year will result in a fine. For each month (or portion thereof) that a registration is not renewed, a $50 fine will be assessed.

Turn-Key Properties LLC is the leader in farm and ranch real estate in Western Missouri and Eastern Kansas. By partnering with sites like Equestrian Agents, Equestrian Experts, Cowboy.com, and of course The Institute of Equestrian Real Estate Professionals (IEREP) we corner the market on acreage in the Midwest.

Our partnership with other real estate search providers puts our listings on thousands of websites.

Ben has earned the prestigious Accredited Equestrian Real Estate Professional designation and he is a founding member of IEREP. Helping to train, educate and promote real estate professionals who work with farm and ranch property.

Our passion for this type of real estate stems from our love of horses, livestock and the outdoors. Ben and Pamela have a long history with horses. They raise and train American Quarter Horses.

Our Brokers are both graduates of the Kansas City Crime-Free Drug-Free Multi-Housing Program with theKansas City Police Department. They have also graduated from of the Kansas City Citizens Police Academy.

What does that mean to you?... they are both certified in drug recognition. If we would like to have a tenant who is involved in drug traffic evicted, our testimony is usually all that is required. We can both testify to the presence of drug paraphernalia or even the smell of narcotics in the unit.

Our applicant processing procedures are based largely on what we have learned in these classes and nearly 30 years of property management.

Over the years sponsored the training of many staff and employees in drug recognition, the crime free multi-housing program.

We have tested this procedure and successfully evicted a tenant who was involved in drug sales. Fortunately we were able to work with the KCPD and the Prosecutors to convince the judge that it was in the best interest of the community. Furthermore we were able to get this drug-dealing, problem tenant removed form the Section-8 subsidy she was receiving.

With the assistance of the City and law enforcement we anticipate big changes in this area!

It matters not, what area you live in or the income statistics for your neighborhood. Drugs are everywhere! It is our goal to provide quality housing to people who are law abiding. We make every effort to screen prospective renters for criminal convictions. If we are aware of any illegal activity in any property we manage we will take whatever legal action necessary to remedy the situation.

Any hint of illegal drugs that we find in any property will be reported to law enforcement. Evidence of trafficing or narcotics sales, manufacture or distribution will be dealt with harshly.

Drugs bring crime, criminals do drugs. Allowing illegal drug use in our neighborhoods will only degrade the property values, bring crime to the neighborhood and create problems for the community.

Better management, better screening, better quality tenants.

Asset protection is a legitimate right of any individual to avoid or mitigate the effects of taxation, divorce and bankruptcy. Asset protection is a concept that has arisen out of the estate planning industry. It is an attempt to hinder a creditor's attack to seize and sell assets to recover debt owed. It changes the character of assets that cannot be legally seized and sold by the creditor.

There are various legal techniques to protect your assets. They vary depending on the type and location of property with limitations. The most essential factors of an asset protection plan are the degree of financial risk, type of assets own total net worth. The kind of asset protection you need depends on your risk factor. It is a standard part of business and estate planning. Traditional forms of asset protection techniques are gift of property, retirement plans, spendthrift provisions in life insurance, turning the business into a limited company, etc. You can also transfer a risk to an insurance company that will protect your asset.

In domestic asset protection strategy you have to legally protect your assets within the country of that you residence in. While offshore asset protection allows you to transfer your assets and form a trust in a foreign land that has anti-creditor law. It is an expensive technique that requires a lot of legal consultation and maintenance.

Properly crafted asset protection strategy could reduce the damage caused by a plaintiff's attorney. Asset protection has been practiced for ages because it is legal, effective and trusted. It is the best way to protect your savings, investments and other accumulated assets.

If you own rental property you would do well to talk to an attorney who specializes in aset protection.

Turn-Key Properties LLC will not tolerate discriminatory practices in the sales, leasing or marketing of real estate. Fair Housing is the law and we go out of our way to endure that all of our employees, contractors and agents adhere to the law strictly. Turn-Key Properties LLC enforces a strict rule of absolutely no discriminatory practices, Turn-Key will not condone, promote or in any way encourage discrimination. All real estate transactions are done in strict accordance with Federal, State and Local laws.

We encourage our employees and contractors to obey all laws and ordinances in relation to fair housing practices.

The Department of Housing and Urban Development (HUD) has established guidelines and set forth practices for the sale, marketing and leasing of real estate. In addition, the Kansas City Association of Realtors has further guidelines and restrictions.

We will not conduct business with any person, company or entity who requests that we operate in any other manner.

In addition we demand that all of our agents be educated in the practices of fair housing and conduct themselves appropriately.

HUD has a web site devoted to the promotion of Fair Housing Practices. Should you need information you can find it there.

You may view the Fair Housing Act here.

Turn-Key Properties LLC offers employment opportunities to all qualified applicants for available job openings. We will not discriminate in our hiring practices based on race, sex, color, national origin, ancestry, age, creed, religion, marital status, citizenship status, disability including veterans with disabilities, sexual orientation, gender identity or medical conditions. All potential employees will be evaluated solely on the basis of past experience, qualifications and ability to do the job.

We are in strict compliance with all guidelines and laws pertaining to workplace discrimination. EEOC 

Turn-Key Properties does criminal background checks,and background investigations. Drug testing is a requirement and we have a strict drug free workplace. Use of illegal drugs will be cause for immediate termination of employment.

If for any reason you feel your rights have been violated Turn-Key would like to know of the incident. Please feel free to contact us as soon as possible 816-313-8876.

What is the root cause of Kansas City crime, and what can be done to stop the violent trend?  Since 1990 I have lived and worked in Kansas City, in that time I have been the victim of numerous crimes. The odd thing is the perpetrators of these crimes never went to jail! Arson, burglary, theft, forgery, etc.

That is the underlying cause of Kansas Cities' violent crime spree. Having worked in the suburbs and also in the inner city, I see that most residents in the suburban neighborhoods have a cavalier attitude toward crime, that stuff happens to other people... I live in a "nice Neighborhood". The scary truth is you are anything but safe. Criminals have cars, what's more, criminals steal cars, and they can come visit your neighborhood anytime they wish. 

I bet you think that if a criminal gets caught in a stolen car he will go to jail! Wrong! A criminal driving a stolen car... your stolen car, will be charged with auto tampering. That is the same charge I would get if I keyed your new paint job. You see the criminals know all they have to do is say I didn't steal it, some guy let me drive it.

The same applies to most other crime in Kansas City. I have had drug dealers arrested inside a vacant apartment that they had broken into to sell crack cocaine out of. During the arrest they were found to have huge quantities of drugs and drug paraphernalia. They were not charged with drug dealing, not breaking and entering, not possession of a controlled substance, not even disorderly conduct. No! They were charged with trespassing! That's right, trespassing. 

Every crack head and crack dealer I have had arrested in the past decade or more has been charged with trespassing. The most common sentence for this offense was a 30 day SIS. SIS is suspended imposition of sentence. They never went to jail! But wait there is more! If they are a resident in one of my properties, they can not even be charged with that because they live there.

Why? You ask, because if they had to jail all the crack dealers, pimps, prostitutes, crack-heads, car thieves, burglars and shoplifters there would be no room for people like you for not mowing your yard or driving while drunk! You see they have to pay to keep those people locked up. They simply do not have the jail space. But you! You see, you will pay if you get fined for not mowing your grass. You will pay if you want to get your license back. You will pay if you drive 37 in a 25.

It's all about revenue; Jackson County and Kansas City don't want to pay for it. If the crack dealer doesn't go to jail for his crimes, and the thief doesn't go to jail for his crimes then he just graduates to a higher level of criminal activity until finally he kills someone and the State has to house him and feed him.

We need Jails and Cops not arenas and arts. It is no longer just revenue it's lives at stake here. Tell your elected officials we want more jail space!

Kansas City Crime Blog This is a blog I created because the filtered version of the news at Crime Scene KC is just not doing it anymore.

Kansas City continues to make the most dangerous cities in the nation as reported by MorganQuinto

KC made 16th most dangerous but the numbers are skewed! A wide variety of crimes go unreported. Most calls for service by the P.D. never even hit paper. The Police are far to busy to fill out a report for every call they make.

Kansas City has a huge epidemic of property crimes but most never get reported. Why? If I call in and report that your copper plumbing or air conditioner was stolen nothing will happen, nothing good anyway. 

Your insurance will likely not pay, because the house was vacant.

Your premiums will increase or your insurance will be cancelled.

Your deductbale is higher than the damage.

The Police will not investigate, the prosecutors will not prosecute.

Your property values will decline because of the increase in reported crime.

Crime is absolutely out of control in KC and no-one wants to address it. Instead our new mayor wants to punish landlords. Funkhouser has proposed landlord licensing. While the thugs are steailing our HVAC systems and our plumbing Mark Funkhouser thinks we should impose yet another tax on landlords.

City Ratings

KCPD has crime maps and crime statistics on it's web site. If you are thinking of buying a property in KC... Please view the crime maps!

Here's a newer map showing crime in KC http://crime.kansascity.com/

Update, 2007 Sanders, Graves seek regional jail By KEVIN MURPHY The Kansas City StarJackson County should explore building a regional jail for inmates of the county and its municipalities, County Executive Mike Sanders said Monday.

Sanders and U.S. Rep. Sam Graves toured the Jackson County Detention Center in downtown Kansas City, which Sanders said is often stretched to capacity.

Sanders proposed a jail with up to 2,500 beds. He said it also could be used to house some prisoners of Kansas City and other cities in the county that now have crowded jails.

“Clearly, lack of needed inmate space is one of the major public safety issues this community faces every day,” Sanders said.

Sanders said the county could seek federal grants for the project and could also house federal prisoners on a reimbursable basis. The county would continue to operate the downtown jail, Sanders said.

Graves, a Republican representing northwest Missouri and part of Jackson County, said he would help in the effort to find some money to move forward on a regional jail.

“It’s something we have all been throwing around for many years now,” Graves said.

Sanders said there are several potential locations, though he would not be more specific. He did not estimate the cost of a new jail but said he would not want to raise taxes to build it. Sanders said revenue bonds, paid off with income the county gets from cities and the federal government, could help pay for the project.

Finally, there is at least talk of doing something! No doubt Kay Barnes will try to take credit for it. This would be the first positive thing Sanders has been involved in yet. I have many police officer friends and frankly, I do not know how they stand to do their job. Arresting the same people every night to see them released the same day has to be frustrating.

What does the IRS have to say about eschanging your property or a 1031 exchange? What is a 1031?  Like-Kind Exchanges - Real Estate Tax Tips Generally, if you exchange business or investment property solely for business or investment property of a like-kind, no gain or loss is recognized under Internal Revenue Code Section 1031. If, as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received, but a loss is not recognized.

Section 1031 does not apply to exchanges of inventory, stocks, bonds, notes, other securities or evidence of indebtedness, or certain other assets.

Like-Kind Property

Properties are of like-kind, if they are of the same nature or character, even if they differ in grade or quality. Personal properties of a like class are like-kind properties. However, livestock of different sexes are not like-kind properties. Also, personal property used predominantly in the United States and personal property used predominantly outside the United States are not like-kind properties.

Real properties generally are of like-kind, regardless of whether the properties are improved or unimproved. However, real property in the United States and real property outside the United States are not like-kind properties.

Additional Resources

• 
  Publication 544, Sales and Other Dispositions of Assets
• 
  Form 8824, Like-Kind Exchanges
• 
  Note: This page contains one or more references to the Internal Revenue Code (IRC), Treasury Regulations, court cases, or other official tax guidance. References to these legal authorities are included for the convenience of those who would like to read the technical reference material. To access the applicable IRC sections, Treasury Regulations, or other official tax guidance, visit the Tax Code, Regulations, and Official Guidance page. To access any Tax Court case opinions issued after September 24, 1995, visit the Opinions Search page of the United States Tax Court.
• 
  Turn-Key Properties LLC does not provided tax advice see lawyer or an accountant.

In investing, the cash-on-cash return is the ratio of annual before-tax cash flow to the total amount of cash invested, expressed as a percentage. The formula to compute cash-on-cash return is:

PurposeThe cash-on-cash return is often used to evaluate the cash flow from income-producing assets.

ExampleSuppose an investor purchases a $1,200,000 apartment complex with a $300,000 down payment. Each month, the cash flow from rentals, less expenses, is $5,000. Over the course of a year, the before-tax income would be $5,000 × 12 = $60,000, so the cash-on-cash return would be

LimitationsBecause the calculation is based solely on before-tax cash flow relative to the amount of cash invested, it cannot take into account an individual investor's tax situation, the particulars of which may influence the desirability of the investment. Furthermore, the formula does not take into account any appreciation, depreciation, or other risks associated with the underlying property.

Cash-on-cash return is essentially a simple interest calculation, and therefore is not subject to the compounding of interest. The implication for investors is that an investment with a lower nominal rate of compound interest may be superior, in the long run, to an investment with a higher cash-on-cash return.

Retrieved from "http://en.wikipedia.org/wiki/Cash_on_cash_return"