News broke several days ago about initiatives brought on by Mayor Joe Hogsett to provide more protections to Tenants in Indianapolis.
The goal, according to various news outlets, is to hold Landlords more accountable, better educate Tenants on their rights and to help curb the eviction problem currently facing Indianapolis.
As a leader in the single family property management space here in Indianapolis, we thought it appropriate to provide our take on Mayor Hogsett’s plans.
We get a lot of questions when it comes to investing in Indianapolis.
One of those questions: “How much will it cost to get my property move-in ready?” is one we receive on a daily basis.
And we get it.
Whether an investor is considering a new purchase that needs work, or whether the investor is faced with turnover costs between Tenants, money -- and how much of it -- is always an important consideration.
We understand that maintenance costs are some of the most frequent and largest expenses you’ll face as a property owner, and turnover and make-ready are large subsets of that.
As an Indianapolis Property Management company that handles all of our Clients’ turnovers and make-ready work, you can imagine how many times we get asked about these costs.
In an effort to stick to our core value of “Always Educating and Advising”, we have decided to put together a guide for Investors outlining average costs for some of the most common make-ready expenses that you will encounter.
Note: This list is by no means comprehensive or definitive. There are other costs that may occur and a multitude of factors that can impact the final costs of these items.
Our goal is to give you a general idea of what you can expect to pay in the Indianapolis market.
These estimates come from contractors we trust,work with frequently, and have long standing relationships with.
As our entire Staff can attest, the best part of 4th Quarter, 2019 -- as far as the rental market goes -- is that's it over.
Yes, as expected, the rental market tightened up in the last three month's of 2019.
While the numbers weren't all horrible, we're all happy to start a New Year.
Northwest of Indianapolis in Hendricks County lies Brownsburg. This suburb was first settled by James B. Brown in 1842 and was also home to the Delaware Indians.
Brownsburg is the 38th largest town in the state with an estimated population of 26,397 and it has been ranked in the top 40 best small towns in America according to CNN's Money Magazine.
The median household income is $68,986 with a majority of jobs being in the office administration, and sales related fields. There are also a relatively high number of specialized workers in Healthcare and Architecture and engineering according to Data USA.
MLS data reports show that the average home sale price for the last year was $253,934 and the average rental amount was $1,534.
Here at T&H Realty Services, one of our 4 core values is "Always Educating and Advising".
One of the biggest ways we fulfill that, is by blogging and publishing content on our website.
Over the years, we've published 170 blogs as well as a ton of other resources.
As we bring 2019 to a close, we thought we would take a look back at our top blogs from this past decade.
Some may be familiar to you, while others may not.
We hope you've found value in our Indianapolis real estate blogs up until this point, and we look forward to providing you even more insight and education into the new year.
Fishers is a suburb just northeast of Indianapolis in Hamilton County.
Originally settled by William Conner in 1802, Fishers only just transitioned from a town to a city in 2015 and has experienced rapid population growth decade to decade.
In 2017, Fishers was named Money Magazines #1 place to live in the United States.
As of 2017, the population was estimated to be around 91,832.
According to City Data, the median household income as of 2017 was $113,560 with a median age of 35.3 and females making up a slight majority (52.1%) of the population.
According to MLS data, the median home value for the last year was $276,313 and the median rent rate was $1,565.
