Jeremy Tallman

Jeremy Tallman

Jeremy is the President and Managing Broker for T&H Realty Services. He has been active in the Central Indiana real estate market since 2000 and leads one of the most successful single-family property management companies in the state.

Recent posts by Jeremy Tallman

4 min read

6 Must Have Contingencies When Purchasing an Occupied Indianapolis Rental Property

By Jeremy Tallman on Jul 5, 2021 9:50:00 AM

We If you're a current Client, or have spent much time on our website, you know what we have a fully functioning brokerage.

It's something we're proud of and something our Clients benefit from -- whether we're helping them add to their Portfolios or, when the time comes, sell their property.

While we have a very capable brokerage, we realize some of our Clients have their own Agent.

And we certainly respect that.

However, we've had some nightmare situations over the past several years with Agents who simply did not know the best way to represent their investor Client.

Representing a buyer for a personal residence is VERY different than representing a buyer who intends to use the property as an investment.  

So, if you are an investor, or if you are an Agent representing an investor, please, please, please, take a few minutes to read some best practices when writing that offer.

Topics: Common Landlord Questions
2 min read

Indianapolis Property Management Update: Rental Statistics Q1, 2021

By Jeremy Tallman on Apr 26, 2021 9:40:34 AM

Truth be told, we're a little surprised.

As you know, we've written a rental market update for many years now. In most cases, when we compile the quarterly numbers, there's nothing surprising with the numbers.

The numbers we compile are, in fact, almost always what we expect and, to a more specific extent, what we "felt" as a company.

Meaning, the overall market for a given quarter is a direct reflection of our leasing operations. If the market is hot, our leasing is hot. If the market cooled, our leasing typically cooled, too.

But, this quarter was definitely different. 

Topics: Central indiana rental statistics
6 min read

[Case Study] Why Managing Your Own Turnover May Be A costly Mistake

By Jeremy Tallman on Mar 28, 2021 12:17:06 PM

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. 

2 min read

Indianapolis Property Management Update: Rental Statistics Q4, 2020

By Jeremy Tallman on Jan 26, 2021 9:37:14 AM

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. 

Topics: Central indiana rental statistics
4 min read

3 Tips for the Indianapolis Real Estate Investor (2021)

By Jeremy Tallman on Jan 15, 2021 8:44:30 AM

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. 

Topics: Indianapolis property management Property Management Education Indianapolis market
3 min read

Indianapolis Property Management Update: Rental Statistics Q3, 2020

By Jeremy Tallman on Oct 16, 2020 9:00:00 AM

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.

Topics: Central indiana rental statistics