Landlord registration is an ordinance that the City of Indianapolis, after much debate, established in 2015. It requires all Landlords and Owners of residential rental properties in Marion County to register with the City of Indianapolis' Department of Code Enforcement (DCE).
Investing in rental real estate is an exciting and challenging venture. It takes both strategy and, somtimes, some good fortune to be successful.
When dealing with rental properties, there are three key factors to consider:
- When to buy
- Where to buy
- When to sell
All three are equally important and extremely dependent on one another.
So, today, we thought we would spend some time talking about a question we’ve gotten from some of our Owners:
“When is a good time to sell my Indianapolis rental property?”
I get it.
Real estate is filled with lots of exciting stuff, but insurance generally isn’t considered one of them. Insurance ranks right up there with property taxes... just another expense to throw on the pile.
If you are a Landlord, or considering becoming a Landlord, I’ll guess that you’ve at least thought about the idea of Renters Insurance.
One of the top questions we get from people who have never been a Landlord is, “What if a Tenant Destroys My House?”
It’s a certainly understandable question. Most people, who are new to our industry, have probably only heard the horror stories out there. Yes, Tenants can do a lot of damage to properties, but I can assure you, from our own experience, that it’s not common.
And while there are no guarantees, there are some steps you can take to help ensure your Tenant doesn’t destroy your property.
Most late rent payments can be avoided altogether with proper tenant screening.
Any applicants you consider for your rental property should be thoroughly screened. Confirm with current and former landlords that rent was paid on time every month.