The red-hot rental market we experienced in Central Indiana during the first half of 2020 cooled off dramatically during the 3rd quarter.

But, the term "cooled off" does need some context. 

While there appeared to be plenty of potential Tenants in search of a rental home during the quarter, the apparent lack of available homes in the marketplace created some interesting numbers.

Let's examine them a bit.

As we cross the halfway point of 2020, it's not an understatement to say that this year has been much, much different from others.

Like, not even close.

COVID-19 has brought on an incredible amount of anxiety for both our Owners and Tenants. 

As a result, we've written several blogs and created an entire web page devoted to Covid-19. If you haven't already, be sure to check it out.  

But, here's the strange thing: if you just looked at the rental statistics for the year, you would have no idea that a global pandemic was raging across the Country.

In other words, rental activity, generally, hasn't missed a beat.  

Let's examine the numbers a bit.

If you’re a Landlord or Property Manager in Indianapolis, you should, by now, be familiar with the Indianapolis Tenant Protection Initiatives recently passed by our City.

If not, you can get a recap of the initiatives, which go into effect on July 1, 2020, by reading a blog we recently wrote on the topic:

What Indianapolis Landlords Need to Know about the Tenant Protection Initiatives.

I knew the call was coming.

Or, in this case, the email.

As a member of several online communities that focus on single family property management, I began hearing grumblings from other companies around the Country as early as 2018.

Zillow, a giant in online real estate marketing, and a service that we all enjoyed for free for years, was beginning to charge for rental listings.

It’s Springtime in Indianapolis.

And for those of you who know the seasonality of our market, you also know it’s selling time in Indianapolis.

The idea of selling a home during an International pandemic may seem difficult, if not impossible, to you. 

That’s a totally understandable feeling. 

In this blog, we'll discuss selling your Indianapolis rental property during the COVID-19 crisis.

It's a question we receive often and, almost as often, people are surprised by the answer.

So, is it possible to sell your Indianapolis rental property during the COVID-19 crisis?

The short answer is, “Yes.” 

You can absolutely sell your rental property during this crisis and you shouldn’t have a whole lot of trouble doing so. 

At least for now. 

Let’s drill down a little deeper...

For Indianapolis real estate Investors, there are many factors to consider when analyzing a deal. 

A factor you may or may not have considered, is if a property is being sold as-is. 

At some point, those two little words may have raised a red flag in your brain to run the other way, and understandably so. 

If you're not super familiar with real estate investing, that can certainly seem like a risky move. 

But I'm here to share some insight into these types of deals and hopefully put some of that concern to rest. 

Here are the 3 biggest misconceptions about buying a property "as-is" that many buyers seem to have.