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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How Does the Marion County Sheriff Sale Work?

By Jeremy Tallman on Sep 30, 2018 10:00:00 AM

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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The PTFA: What Real Estate Investors Need to Know

By Devon L. Hicks on Sep 23, 2018 10:00:00 AM

I’m sure many of you can remember, or are at least aware of what the housing market was like around 2008.

Dismal to say the least.

The Case-Schiller home price index reported its largest price drop in history, foreclosures increased seven-fold, and there was a credit crisis that resulted from the bursting of the “housing bubble.”

The 2007-2009 recession was brutal, and it affected a lot of people.

If you were an investor or real estate professional during this time, you’re probably having some PTSD flashbacks.

Luckily, the housing market began to bounce back around 2012, and Warren Buffet was a major reason for that.

He was the spark that lit the fire for what is now single family home investing. He suggested investors should buy up homes while prices were low, and then reap the benefits when the market leveled out.

And that’s just what began to happen.

We can now see the results of that idea. It’s a MUCH different climate today.

In Indianapolis, there’s not even enough inventory to go around because so many people are investing here, and seeing major success.

Let’s go back to 2009 for a second, though.

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6 Tips to Manage Long Distance Rentals Effectively

By Ben Mizes on Sep 16, 2018 10:00:00 AM

Investing in your own backyard is an incredible strategy if you are able to find the deals that will help you achieve your investment goals.

If you happen to live in a market that doesn’t have the best returns, however, you need to look out of state. Managing long distance rentals effectively takes a bit of work, but many do it very successfully.

Here are their secrets.

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