Hello and welcome to another episode of Passive Real Estate Investing. I'm your host, Marco Santarelli and welcome to another Market Spotlight. I haven't done one of these in a while, but I've been asked by multiple people to do Kansas City, Missouri once again. I've done it a number of times over the last eight years, if you can believe that This month is our eight year anniversary of this show. And I, it doesn't even feel like it feels like three years . But anyway, it's been a while. It's been a good ride. Before I jump into the Midwest, just remember to subscribe to the show. It takes you three seconds. Just click the button on whatever you're watching or listening on and that way you can be updated each and every week as we release a new episode. You know, the Midwest is one of the most affordable places to live and invest in in the country, and Kansas City is kind of the heart of that region.

I am a avid investor in the Kansas City, Missouri metro area. I have a good portfolio there and it's just done very, very well for me. So, you know, Kansas City being a large, prosperous, self-sufficient culturally rich area makes it a great place to consider as one of your investment options. So with that, I wanted to bring on one of our well trusted property providers in the Kansas City metro area and talk about the market, a little bit about the neighborhoods, the properties that they are focused on and what they are renovating into investment grade rental property. And our clients have been very, very happy with the product that is coming out of the Kansas City market. So with that, I would like to bring on Tam to the show.

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Tam, welcome to the show.

Thanks, Marco. I appreciate it. Excited to be here with you guys today.

Well, I'm happy you are joining me because it is that time again to do a market spotlight. And you know, Kansas City's been literally a perennial market for us. I have to say we've probably been offering property in Kansas City for 15 years, if not more. It's really been that long. Clearly that says a lot about the market. So why don't we just start off with you telling, you know, me and the audience, anything you want about the market and Kansas City and why in the heck should I even look at Kansas City?

All right, well I love to brag about our town. I feel like we're a big city with small town vibes. I think that encapsulates this area of the world and the people really nicely. So walk around on Fridays out here in Kansas City and you're gonna see everyone in red. It's chief red, everyone wear red. Obviously Superbowl champs this year. Very proud of that. But just a lot of hometown spirit. So whether it's the chiefs, you're a baseball fan, we have the royals here, we have major league soccer as well as barbecue. We have the speed races out here. My personal favorite, the art museums out here and some of the live music and jazz. So just a really down to earth people with a lot here to do for everyone. We have more than 10 million visitors a year just now to downtown Kansas City that brings in.

So we're somewhere that, you know, people think of us as a flyover city, but really we're also a destination. Just not one that probably springs to mind when you think of spring break necessarily, but just a great little town, very salt of the earth people and the market you talked about. You know, we've been around for a long time. It's what I like to call a very steady eddy market. So we have nice appreciation year over year. You have for an investor property, so not retail cuz we have pockets that are gonna see more than this. But for our standard investor property, you're gonna see somewhere between eight to 10 to 9%. That's about where you're gonna land year over year.