Thursday, October 16, 2025

Subject: Addressing Landlord Licensing Concerns and Promoting Self-Regulation

Residents and Stakeholders,I recently had the privilege of attending a meeting with the Landlords Association, where we engaged in a productive discussion about the future of landlord licensing and the concerns surrounding it. As your Mayor, I would be committed to fostering a fair and sustainable environment for both property owners and tenants in our community.

After careful consideration, I propose that the Landlords Association adopt a robust system of self-regulation. This would involve establishing a clear and enforceable Code of Conduct for all members. By setting high standards for professionalism and accountability, the Association can ensure that landlords uphold ethical practices without the need for additional bureaucratic oversight.

Much like real estate professionals, who are entrusted to regulate their own conduct and monitor their peers, I firmly believe that landlords are capable of maintaining high standards through a self-policing model. Introducing unnecessary user fees or external regulations could place undue burdens on organizations already equipped to manage their own affairs responsibly.I am confident that by working collaboratively, the Landlords Association can lead the way in promoting fair, transparent, and professional property management practices that benefit our entire community. I welcome your thoughts and feedback as we move forward together.

Henry McClure

-          sncofirst.com 

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Henry McClure 
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785-383-9994

www.henrymcclure.live

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Henry McClure  
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Henry McClure  
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Wednesday, October 15, 2025

GO FOSTER


To calculate the value a lease payment adds to a building, you need to use the capitalization rate (cap rate) formula, which relates a property's value to its net operating income (NOI). [1]  
Calculations 1. Determine the annual lease payment: The question provides a total lease payment of $250,000 over 10 years. 

 • Annual Lease Payment = $250,000 / 10 years = $25,000. 

2. Estimate the Net Operating Income (NOI): For the purpose of using the cap rate formula, the annual lease payment is assumed to be the Net Operating Income (NOI). The NOI represents the annual income generated by the property before deducting interest expenses or income taxes. 
3. Apply the cap rate formula: The formula to find the property value is a rearranged version of the standard cap rate formula. 

 • Formula:  
 • Property Value = $25,000 / 0.06 (6%) 
 • Property Value = $416,666.67 [1, 2, 3, 4, 5]  

Conclusion A $250,000 lease payment over 10 years, with a 6% cap rate, adds an estimated $416,666.67 in value to the building. This figure reflects the building's total worth, not just the lease's value. [6, 7]  

AI responses may include mistakes.



Henry McClure  
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