Renewing Your Tenant's Lease During the Covid-19 Crisis

By Jeremy Tallman on Apr 5, 2020 10:00:00 AM

Last week, we discussed leasing your home during the COVID-19 crisis. 

This week, let’s switch gears and discuss an equally important component of successful property management: renewing the Lease. 

Keeping a Tenant in place, especially in this unstable environment, is a very good thing. We’ve always taught that vacancy is a cashflow killer.

Below are a few basic points to consider when renewing a lease during the COVID-19 crisis. In a lot of ways, we will continue to operate in the same manner, but there is one big change along with some trends that you need to understand:

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What Indianapolis Landlords Need to Know About the Tenant Protection Initiative

By Jeremy Tallman on Jan 27, 2020 11:00:00 AM

News broke several days ago about initiatives brought on by Mayor Joe Hogsett to provide more protections to Tenants in Indianapolis. 

The goal, according to various news outlets, is to hold Landlords more accountable, to better educate Tenants on their rights and to help curb the eviction problem currently facing Indianapolis.

As a leader in the single family property management space here in Indianapolis, we thought it appropriate to provide our take on Mayor Hogsett’s plans.

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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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