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 the work for less money.” 

And so, you do. 

Some of you may live close to your property, have contractors at your disposal and have time to invest in managing the work.

But, most of you live hundreds of miles away, don’t know any contractors and really don’t have the time to devote to herding those contractors. 

You still do it though, because you think you can save money.

In some cases, maybe you can. 

But, in a significant number of cases - cases that we’ll provide in this blog -  you’ll end up losing money in the long run.

We’ve said it over and over… vacancy is a cash flow killer.

Vacancy comes with zero income and a lot of expenses.

Sure, some of those expenses relate to the actual material and labor required to prepare the property for the next Tenants, but the biggest “expense” is the lost revenue from rents.

So, the faster the property is turned, the faster your new Tenant can begin adding to your income.

Time, clearly, is off the essence.

Below are some real-life examples of properties within our management and Owners who chose to do their own work.

Special thanks to our Senior Property Manager, Don Castelluccio, for providing these case studies. 

*Originally published 05/05/2019 and updated 03/07/2021*

For the past several years, we’ve been a go-to Company for many investors around the world, all in search of the great real estate deals Indianapolis has to offer. 

Indianapolis is, without question, a hot bed for real estate investment.

Everyone wants a piece of the pie, and what makes it even more difficult, is everyone wants the same piece of the pie.

There are hundreds, probably thousands, of investors with the same criteria looking for the same deals that you are.

Not only that, but when you’re dealing with A/B class properties, you also have to compete against a high volume of owner occupants.

So in essence, you have double the competition as other investors who are looking for homes in the C/D classes.

I think we can all agree that the inspection phase is one of, if not the most, nerve racking part of purchasing a property. 

There are a ton of factors to consider and you just never know what might be discovered. 

Our stance on home inspections is that you should always, always, ALWAYS have one. 

Even if it's an "as-is" sale, you'll want to have a well-rounded understanding of the condition of the property and its major components.

One of these major components that you may have not given much thought to previously, is the sewer line. 

Keep reading to get a full breakdown on sewer lines and the importance of having it evaluated as part of your inspection process when purchasing an Indianapolis rental property. 

A while back, Feedspot voted us #20 on a list of the top 80 Property Management Blogs. We were thrilled and flattered, but more so surprised and excited to see all of the resources out there for landlords and rental property investors. 

We pride ourselves on our blog and do our best to provide the highest quality content and to educate anyone who wants to learn. 

Although we hold our blog in high regards, we realize that there is a wealth of knowledge and many other outstanding resources for individuals like yourself. 

So, we decided to use our expertise to make our own list of Property Management blogs that we think are the most helpful. 

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. 

So, 2021 has arrived. 

To say that 2020 was a difficult year is a drastic understatement.

The good news, at least for single family investors, is that in spite of a global pandemic, rent collections remained strong and real estate values continued to soar. 

Not all bad. 

Not at all.

As we transition from 2020, we want to discuss 3 tips to help Indianapolis investors help ensure success in 2021.