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condo/loft rental

Posted: Tue Jul 10, 2012 9:57 am
by droopy
Hi all,

I'm looking for some experienced opinions and advice on renting a condo or loft. I have owned a home for the last 10+ years and am looking to rent a place in the crossroads or river market towards the end of the summer. I've checked out some websites so I have a decent feel of many of the places but have yet to tour them. I haven't rented in a long time so I'm not sure the best strategy or how to proceed.

Where should I start?
Any favorite properties with rentals?
Any to avoid?
What should I look for?

Thanks in advance! I've read a lot of good info in other threads but didn't see anything specific to these questions. I was inspired by the recent condo buying thread.

Re: condo/loft rental

Posted: Tue Jul 10, 2012 10:01 am
by earthling

Re: condo/loft rental

Posted: Tue Jul 10, 2012 10:54 am
by droopy
thanks earthling, I've seen the housing report and it is very helpful. How accurate do people think it is for the rent ranges for a new rental?

Re: condo/loft rental

Posted: Tue Jul 10, 2012 3:29 pm
by taxi
Rents are starting to go up, because there are very few vacancies. I had an empty loft 2 weeks ago (Soda Lofts) and people were going apeshit over it. In 10 years, I have not seen anything like that. 2 separate parties had just had a bad experience, both thought they had secured other lofts, only to find out they got rented to someone else because they didn't move fast enough. Point is, if you find something you like, grab it fast.

Re: condo/loft rental

Posted: Tue Jul 10, 2012 3:37 pm
by earthling
Downtown rental occupancy is supposedly at 98%. Yeah, if you like something might grab it. Or consider Westport/W39th/Plaza area.

I'm not sure how you find condo units that are available for renting by individual owner, might check craigslist.

Re: condo/loft rental

Posted: Tue Jul 10, 2012 4:12 pm
by KCLofts
earthling wrote:I'm not sure how you find condo units that are available for renting by individual owner, might check craigslist.
Well, smart people list them on kc-lofts.com!

Re: condo/loft rental

Posted: Tue Jul 10, 2012 4:59 pm
by smh
You can use Boveri--lots of owners list condos through them. You can search their listings on Craigslist by just running a search for "Boveri"

Re: condo/loft rental

Posted: Tue Jul 10, 2012 5:08 pm
by loftguy
http://www.dispatch.com/content/stories ... build.html

Interesting report from Columbus. It's parallel with what is happening in KC.

Re: condo/loft rental

Posted: Wed Jul 11, 2012 9:26 am
by droopy
I wish there were more actual listings on kc-lofts.com :) I've definitely been using the site for research though, the building info is nice.

Boveri seems like the way to go. I'll give them a call. Hopefully I can get lucky and be in the right place at the right time for a great place.

Any other help is hugely appreciated for any do's or don'ts

Re: condo/loft rental

Posted: Wed Jul 11, 2012 9:58 am
by KCLofts
droopy wrote:I wish there were more actual listings on kc-lofts.com :)
You and me both, my friend.

But it's just something I put together for the fun of it. I think the site is almost 10 years old now. I started it to let people know about all of the different residential properties downtown. A task that was easy to manage for the first several years and then things exploded (relatively speaking) and it became difficult to keep up with all of the changes. Hopefully there is still some decent info.

Re: condo/loft rental

Posted: Wed Jul 11, 2012 10:36 am
by taxi
When I started leasing 10 years ago, I got most of my traffic from craigslist. Soon after, the realtors ruined it (I can't really blame them). Now I get more traffic from kc-lofts.com (not free, but worth every penny and outstanding customer service!)

If you rent a condo, be sure you get a copy and read the by-laws beforehand, as you'll be bound by those. They are not all created equal.