Where to Invest in Indianapolis: Avon

By Devon L. Hicks on Oct 6, 2019 10:00:00 AM

First settled in 1830, Avon, Indiana is a town situated in Hendricks County, west of Indianapolis. 

With a current estimated population of 18,343, Avon is the 47th largest city in Indiana. 

The median age is 35.3 and the median household income is $85,433. 

Caucasians make up 84.01% of the population.

Average rental amount is $1,055 and the median home value is $185,200 according to World Population Review. 

According to Niche, it's ranked as one of the best places to live in the entire state. 

It's also ranked #11 out of 115 for best suburbs to raise a family. 

A staggering 81% of residents own their homes compared to only 19% that rent, also reported by Niche. 

Below is some additional information that will hopefully help you determine if Avon is a good place to invest for your goals. 

Continue Reading

Indianapolis Property Management Fees: Why Cheaper Isn't Always Better

By Jeremy Tallman on Sep 29, 2019 10:00:00 AM

If you've ever hired an Indianapolis Property Management company, or if you're currently in the process of researching some, you've most likely noticed fees for property management differ. 

Some differ greatly.

When you're trying to make the numbers work and see positive cash flow, it can be tempting to go with a cheaper option. 

We get that. 

While from a top-level view we all appear to solve the same problem, we oftentimes solve those problems in very different ways.

And, it's clear, from speaking with some of our Clients, that some companies don't solve those problem at all.

In fact, they create new problems, which is never good.  

The old adage, "you get what you pay for," probably rings truer for property management than most other services or products.

So with this topic in mind, we thought we would take some time to discuss various property management fees you may encounter, and why cheaper is not always, and oftentimes, never, better. 

Continue Reading

Inside T&H: Selling Your Indianapolis Rental Property

By Jeremy Tallman on Sep 22, 2019 10:00:00 AM

As an Indianapolis rental property investor, there will inevitably come a time when you decide to sell one, or all of your properties. 

We realize that this is a natural part of the rental investment cycle, and so we have put processes and resources in place to provide the best sales experience possible for our Clients. 

As a fully licensed brokerage, we can facilitate the entire home selling process for you.

We know you have a lot of options when it comes to choosing an Agent, but we hope that you'll see the benefit of continuing our partnership from management to selling. 

Continue Reading

Where to Invest in Indianapolis: Greenwood

By Devon L. Hicks on Sep 15, 2019 10:00:00 AM

Greenwood, Indiana, the most populated city in the southern region of the Indianapolis Metropolitan area, is the next stop in our "Where to Invest in Indianapolis" series. 

This Johnson County city was first inhabited by the Delaware Indians, and later followed by European Americans in 1823. 

According to City-Data, the population of Greenwood is 57,375 and the median household income was $56,116 as of 2016. 

The demographic breakdown is as  follows:

  • Caucasian: 86.2%
  • Asian: 5.65%
  • African American: 4.41%
  • Other races: 1.56%

World Population Review estimates the average rental amount to be $903/month and the median home value to be $143,100. 

The median age is 35.5 and the ratio of females to males is 52.4% vs. 47.6%.

The cost of living index in Greenwood is 87.6 compared to the national average of 100. 

The city is a mixture of blue and white collar workers, with a majority of the jobs being in the sales/administrative category.

Continue Reading

An Honest Review of the Indianapolis Red Line

By Jeremy Tallman on Sep 8, 2019 10:00:00 AM

By now, unless you don’t live in Indianapolis and don’t pay attention to any news concerning Indianapolis, you’ve read and heard all about IndyGo’s Red Line, which made its debut on Sunday, September 1st, 2019.

What is the IndyGo Red Line?

For any of you out-of-towners, or anyone who truly just has no clue what I'm talking about, the IndyGo Red Line is a public, bus rapid transit (BRT) system consisting of a 20-hour network of electric buses. 

These buses follow a fixed, 13.1 mile route consisting of 28 stops that run from 66th St. in Broad Ripple, all the way down south to the University of Indianapolis. 

Many of you locals have seen the buses on their routes - “practice” for drivers began around 30 days before the official launch date - and many of you have now ridden the buses as well.

In this week’s blog, I wanted to provide a perspective from someone who has watched the project from the beginning, because I not only work near the Red Line, I also live near the Red Line. 

So, commuting to and from work on the Red Line, I thought, could be a real possibility for me.

And that’s the main question I wanted to answer: Could I really take the Red Line to and from work every day?

Continue Reading

Where to Invest in Indianapolis: Anderson

By Devon L. Hicks on Sep 1, 2019 10:00:00 AM

Located in Madison County, Indiana, Anderson is a suburb of Indianapolis first developed in 1827. 

The city has a very interesting history with its early roots in Industrialization. 

With the completion of the Indianapolis Bellefontaine Railroad in in 1852, Anderson burst to life. 

Numerous industries located here such as natural gas and car manufacturers. These companies aided in a thriving economy until the 1970s when Anderson suffered a mass deindustrialization and companies like GM shut down, laying off nearly 22,000 people.  

As of 2017, the population is reported to be at 55,076 and the median household income is $34,693. The median home value is $70,500 while average monthly rent is $724 according to Niche.

76.1% of the population is Caucasian with 13.1% being African-American, 5.3% Hispanic, and several other ethnicities making up a very minute portion of the population.

 56% of residents own their homes versus rent. 

Continue Reading