T&H Realty Services Blog

So, your Tenant has been screened, the lease is signed, we’ve conducted the move-in, and you’ve started seeing income in the form of rents.

Things are going according to plan.

That is, until we get a phone call from the Tenant that goes something like this:

“Help! We woke up this morning and there’s water pouring through our ceiling!”

Or…

“We just got back from dinner and it's 45 degrees inside our house. We can’t get the furnace to work at all.”

Maintenance issues are some of the biggest concerns for Investors because they are, of course, associated with expenses that translate into lost cash flow.

We get that.

We know that as far as expenses go, maintenance expenses are some of the largest and most frequent you’ll face.

And because of that, many of you want to know exactly how we’re going to handle this very important aspect of your investment.

So, we decided to give you a clear look at how we handle maintenance issues here at T&H Realty Services on a day to day basis.

If you’ve been on BiggerPockets recently, or are involved in REI at any capacity, you’ve more than likely heard about this trending investment term.

It’s known as BRRRR.

When I first saw the term, I wasn't sure what to think. 

I'd receive emails with subjects that said, "Check out this BRRRR deal!"

Did it mean a really, really cool deal?

Didn't make sense to me.  

After some quick investigation, I learned BRRR was actually an acronym that stands for: Buy, Rehab, Rent, Refinance, Repeat.

Brandon Turner, VP of Growth at BiggerPockets, coined this catchy, new term.

Now, there’s nothing new about this strategy. It’s sort of just a hybrid between “Buy and Hold” and “Fix and Flip”.

In fact, even though we didn’t use the term BRRRR back then, this is exactly how my business partner and I got started back in the early 2000s.

So, what exactly is this method, and why has it become so wildly popular?

Happy New Year, everyone!

It's time to recap last Quarter's rental activity in Central Indiana, as well as examine 2018 in whole. 

In short, as we've noted many times in this blog, the rental market remains healthy in Central Indiana. 

While we did just experience our first snow storm of the season, this Winter has been extremely mild, which, I'm sure, helped generate more activity than we normally see this time of year. 

Rent collection.

It’s the grease on the the investor’s skids.

The fuel to the engine.

Without it… well, there’s no reason to own rental property.

And because of that, we take rent collection very seriously here at T&H Realty Services.

Effective rent collection, as we’ve noted in other blogs, starts with effective Tenant screening.

But even highly qualified Tenants can sometimes run into payment issues.

And when that happens, it’s critical that you have the right system in place - a system that helps make paying rent your Tenant’s #1 priority.

If you haven't noticed by now, we're BIG on providing content. 

But, not just any plain, old content.

We strive to produce helpful, actionable content that Indianapolis Investors and Landlords can use to help educate themselves and be more successful in the Indy market. 

Thanks to you, our readers, we also hit several milestones in 2018, including most blog views in a month!

While we would love to take a look back at all 49 articles we published this year, we know you're busy, so we narrowed it down to the top 10!

“We have an approved application on your home..”

Ah, music to an investor's ears.

Getting the news that your property is about to be occupied is probably the best thing you’ll hear all day.

However, there are a lot of steps to take between approving an applicant, and the physical move-in.

Not to burst your bubble, but there are quite a few things that can go wrong during the time an applicant is approved and the actual move-in.

You just can’t predict the future when you’re dealing with such a wide variety of individuals.

But not to worry.

We have developed a system that helps mitigate potential issues, and our team is a well-oiled machine that works together to provide a smooth process for potential Tenants.

So, once we have an approved application on your home, here’s what happens next.