The Central Indiana rental market continued down a familiar path during this year's second quarter.  Once again, Indianapolis set a record for rents in Quarter 2, as it punched a weighty $1,362 average rent, according to numbers generated from our local MLS system. That's up from $1,358 in Quarter 1…

We're very proud of our ability to lease homes. Quickly. To good Residents who pay on time and take care of the property. But when we changed our security deposit requirements a while back, and began requiring higher deposit amounts to people with lower credit scores, we ran into an…

Inflation anyone? Yes, you've seen the increased gas prices, the increased food prices and, if you are involved in residential real estate, the increased home prices and rental rates. We've been talking about it for a while now... rental prices here in Central Indiana, due to a lack of overall…

If you are a regular reader of this blog, you know we've discussed the supply chain issues, labor shortage, and inflationary factors that are impacting the Central Indiana Landlords. In some cases, it's hard to track down needed materials for turnover work, and we're definitely seeing an increase in costs…

It's the time of year when all businesses are planning and forecasting for 2022. Clearly, it's critical for all businesses to understand expected sales, expenses, etc. And, if you are a landlord, you are a business. Even if you own just one home, or if you own 1,000 homes, being…

As we enter the final quarter of 2021, the Central Indiana rental market continues to show strength. If you are a regular reader of this blog, you may remember that the 2nd quarter of 2021 saw some record numbers in terms of: 1. Average rents (highest on record)2. Number of…

Rents are on the rise. While that's not exactly breaking news, the second quarter rental statistics for the Central Indiana accentuate the points that 1) A lack of supply and 2) A huge demand equals 3) An increase in rents.  In fact, two key records were set during the quarter…

Truth be told, we're a little surprised. As you know, we've written a rental market update for many years now. In most cases, when we compile the quarterly numbers, there's nothing surprising with the numbers. The numbers we compile are, in fact, almost always what we expect and, to a…

The temptation is there. We see it all the time. Your Tenant vacates your rental home and your Property Manager provides bids for the turnover work. You review the bid and that nagging voice in your head takes over… “This bid seems too high. I JUST KNOW I could do…

As it turns out, 2020 went out on a low note. Who would have ever figured that, huh? The Central Indiana rental market, which shrugged off the COVID-19 pandemic for most of 2020, saw a big decline in rented homes during the fourth quarter. (more…)