Should I Buy an Indianapolis Rental Property Governed by an HOA?

By Devon L. Hicks on Nov 17, 2019 10:00:00 AM

Working with Investors purchasing single family homes in the Indianapolis market, we are often asked some variation of the question, "should I stay away from HOAs"?

As with many real estate investing topics, the answer is, it just depends. 

Home Owner's Associations have certainly amassed an unfavorable reputation among property owners all around the country, and it's not unwarranted. 

They're often hard to deal with AND cost you money. 

But should you completely rule out any and all properties that have an HOA?

Let's discuss, and you can be the judge. 

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The 3 Most Demanding Aspects of Self-Managing Rental Properties...and How a Property Manager May Be Able to Help

By Jeremy Tallman on Oct 20, 2019 10:00:00 AM

You may be rolling your eyes at the thought of a Property Management Company writing a blog about how hard self-managing rental properties can be.

We get the inherent and perceived conflict of interest.

But, to be fair, we've discussed in other blogs why property managers are definitely not the right fit for many Landlords, and that self-management can be the better option. 

However, there are some serious factors to consider when it comes to self-management, and we want you to be aware of those.

We've taken over management of numerous properties in the last couple of years - dozens and dozens, in fact - from Landlords who are just plain tired of self-managing.

And we can't blame them. 

Being a Landlord is a grind. We should know.

There are obviously pros to self-management - the main ones being full control over your investment, and no property management fees. 

But there are also some considerably demanding aspects that come along with it.

In this blog, we want to discuss 3 of the bigger challenges DIY Landlords face. 

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How Does the Marion County Sheriff Sale Work?

By Jeremy Tallman on Jun 2, 2019 10:00:00 AM

**Note: This blog was updated - again - on June, 2019, to reflect new changes to the Sheriff Sale.**

This is a topic I’m shocked has taken us so long to blog about.

We’ve been attending the Marion County Sheriff Sale since 2005.

And - wow - do we have stories to tell.

Lot’s of them, which we may decide to do in future blogs.

But, to start, I thought I would use this blog to discuss the basics of the Marion County Sheriff Sale.

Sort of a “Marion County Sheriff Sale for Dummies” blog.

Note: I’m obviously not a lawyer, not an expert on foreclosures, so I’ll provide a VERY basic overview of the process.

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Smoke Detectors: What Indianapolis Landlords Need to Know

By Devon L. Hicks on Oct 28, 2018 10:00:00 AM

In previous blogs, we’ve discussed the various obligations that you have as an Indianapolis Landlord.

On a very basic level, you’re required to provide your Tenants with a safe, clean, and habitable dwelling.

Drilling down into the safety aspect is where smoke detectors come in.

Yes, smoke detectors.

Those circular, plastic gadgets that we stick on our ceilings and don’t give a second thought about until the batteries start to die which causes that annoying, incessant chirping.

At which point, let’s be honest, we usually just end up taking the batteries out until we finally remember to replace them a month later.

In your personal home, you have the luxury of doing what you want (although I strongly recommend that you keep your smoke detectors in good working order as it could save your life). But the fact is, when you’re running a business, which you are when you become a Landlord, you don’t have that luxury.

You have a very distinct set of laws and guidelines that you have to follow.

Smoke detectors may seem like such a small, trivial issue in the grand scheme of rental property ownership.

But I assure you, if it wasn’t important, there wouldn’t be an entire section of Indiana Law dedicated to it.

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How Does the Marion County Tax Sale Work?

By Devon L. Hicks on Oct 21, 2018 10:00:00 AM

If you weren’t aware, the Marion County Tax sale just took place this past week in Indianapolis.

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How Do Emergency Evictions Work in Indianapolis?

By Devon L. Hicks on Oct 7, 2018 10:00:00 AM

We’ve discussed Indianapolis evictions at length in past blogs.

There are evictions that benefit you as the Owner, and there are evictions that can benefit Tenants (Constructive Eviction).

There is, however, a third type of eviction.

This is the holy grail of evictions, if you will.

The eviction process that every Landlord dreams about.

The ever elusive, highly coveted….Emergency Eviction.

For those of you who have gone through the unfortunate circumstance of having to evict a Tenant, you know it can be a grind.

It’s not an instant solution.

In fact, it can take weeks, or even months, to go through a typical eviction court process.

In a perfect world, you could dispel lease violating Tenants within days, but unfortunately, that’s not our reality.

So, an Emergency Eviction is the closest we get; and even still, it has some major limitations.

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