The 3rd Quarter statistics are finalized and the numbers are certainly both interesting and encouraging for Indianapolis Landlords.

In short, rents are on the rise and days on market are low, indicating a strong demand by Central Indiana residents in search of rental properties. 

I came across a blog post recently that discussed some tips on choosing the right Property Management Company. It was written in the highly popular Bigger Pockets blog and was directed, of course, toward investors.  

There were 8 tips and I whole-heartedly agreed with all but one.

It was point #2...

"2. Do they own any rental properties themselves?  For me this can be a deal breaker!" 

Whaaaaaaaaa????  

I get the temptation. You have a rental home and a family member or friend is interested in renting it.

A while back, Feedspot voted us #36 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. 

So, you’re thinking about transitioning your personal residence to a rental property.  

Maybe the proposition excites you: "I REALLY want to be a Landlord."

Or, maybe you enter this discussion from a simple point of desperation: "I can't sell my house and renting is my only option." 

Whatever the case, renting out your home comes with a lot of potential benefits, but it’s also a decision you need to make after understanding exactly what it means to be a Landlord.  

Consider the following scenario:

You decide to buy a rental home and officially enter the Wonderful World of Landlording.

Five years later, after reviewing all of your financial information, you realize that you essentially broke even - from a cashflow standpoint - on the investment.

Meaning, while the investment didn’t put any additional cash into your pocket at the end of five years, you weren’t required to put any additional cash into the investment either. So, basically, your rents covered your expenses.  

Is this a bad thing?

Not necessarily.