How's SW MO rental market? - Landlord Perspective (Springfield, Nixa: mortgage, attorney)

[garth]

Generally, how healty is the single family home rental market in the southern Christian County area? I'm asking from a landlord perspective.

Specifically, how well do 3/2 to 4/3, 2000-2500 square foot houses rent in the area? Is the single family home rental market soft or tight?

Also, can anyone ballpark the rental rates for a newer property around Nixa or Ozark, please? I would guess that the rates would fall the further one gets from Springfield, for equivalent housing, but if I'm wrong please tell me.

Also, is Missouri considered renter-friendly, landlord-friendly, or somewhere in the middle? My experience is that it can vary from state to state. In some, a bad renter can stretch things out, while not paying rent, for perhaps six months. In another state, the deadbeat can get booted to the curb the day after they default. What's it like in Missouri?

Oh, one final question . . . is there rent control in the area?

In the long run I'll need to contact a real estate attorney. In the meantime, thanks for any direction.

[Boof]

Garth,

That's a good question. I'd like to know the answer too Hopefully someone will offer some insight soon.

[Ozarks21]

My experience has been that the law is relatively pro-landlord as long as you jump through the hoops. We have a relatively simple system of eviction for non-payment of rent. If you own rentals through a corporation or LLC you will have to have an attorney represent you. You can send me a PM if you need more detail on the legal end.

As for rental prices and the market for rentals, I'm not as well versed. I've heard some comment that there is a shortage of "executive" short term leases. I know most any rental will cash flow above a typical mortgage, but those I know of are smaller and older and in the city of Springfield.

Prices outside of Springfield are lower the further out you go.

No rent controls.