It’s Springtime in Indianapolis.

And for those of you who know the seasonality of our market, you also know it’s selling time in Indianapolis.

The idea of selling a home during an International pandemic may seem difficult, if not impossible, to you. 

That’s a totally understandable feeling. 

In this blog, we'll discuss selling your Indianapolis rental property during the COVID-19 crisis.

It's a question we receive often and, almost as often, people are surprised by the answer.

So, is it possible to sell your Indianapolis rental property during the COVID-19 crisis?

The short answer is, “Yes.” 

You can absolutely sell your rental property during this crisis and you shouldn’t have a whole lot of trouble doing so. 

At least for now. 

Let’s drill down a little deeper...

For Indianapolis real estate Investors, there are many factors to consider when analyzing a deal. 

A factor you may or may not have considered, is if a property is being sold as-is. 

At some point, those two little words may have raised a red flag in your brain to run the other way, and understandably so. 

If you're not super familiar with real estate investing, that can certainly seem like a risky move. 

But I'm here to share some insight into these types of deals and hopefully put some of that concern to rest. 

Here are the 3 biggest misconceptions about buying a property "as-is" that many buyers seem to have.

Every Monday, we meet and discuss, among other things, the previous week’s rental marketing activity. 

We discuss our showing levels.

Number of applications we processed.

Leases we signed.

And a host of other stuff.

All these Key Performance Indicators (KPIs) give us a good sense of the health of the rental market in Central Indiana. 

Admittedly, this past Monday, I wasn’t excited about reviewing the previous week’s numbers. Given all the turmoil in the world right now, I was convinced we would see a sharp downturn in our numbers.

And… I was totally wrong.

Showings? Up.

Applications? Very strong.

Leases Signed? Right in line. 

Hmmmm…….

Now, clearly, we took a big turn last week here in Indianapolis, as our Governor announced a “stay at home” scenario that will last until April 6th. 

So, we’ll see if showing levels continue to stay strong.

But, how do we explain why showing numbers and general rental activity continue to show strength?  

From cap rates to cash-on-cash return, there are a number of tools Landlords and real estate Investors use to determine whether or not a potential investment is a good one.

It certainly has been an eventful couple of weeks for the real estate and property management industries here in Indy. 

We've been getting questions and concerns from Clients about the state of the market and what impacts we may be seeing.

So, we thought we would provide a quick update on a couple of hot topics and share some insight into what's currently going on around us. 

We provided a nice “State of the Indianapolis Real Estate Market” during last week’s blog.

It’s not a secret… buying rental real estate in this market is tough. 

And, frankly, it has been for a few years now.

Our brokerage group works hard - every day - to find deals.

We write a lot of offers and, more times than not, we get outbid. 

Losing out on properties is part of the territory. Our job is to continue to provide opportunities for our Clients, which educating them along the way.