11 min read

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.

Topics: Indianapolis market Leases and Legal
6 min read

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.

Topics: Leases and Legal
7 min read

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.

Topics: Leases and Legal
6 min read

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.

Topics: Leases and Legal New Landlord
8 min read

Tenant's Rights Prevail: Buying a Tenant-Occupied Indianapolis Rental Property

By Jeremy Tallman on Sep 9, 2018 10:00:00 AM

If you are like most investors out there, my guess is you spend a lot of time reviewing MLS listings.

I’ll also guess that you’ve run across some language in an MLS description that includes a phrase, “Tenant’s rights prevail.”

Here’s an example of a description I found on our local MLS system…

"Investor alert! Check out this spacious and updated ranch on Indy’s west side. Home went through a complete remodel 6 months ago, including new roof, HVAC, kitchen and bathroom updates. Home is Tenant occupied. Tenant’s rights prevail.”

Now, as you know, or as you should know, Tenants do have certain rights when living in a property, including...

  • The right to quiet enjoyment
  • The right to occupancy
  • The right to a habitable home
Topics: Leases and Legal New Landlord
9 min read

11 Tax Deductions Indianapolis Landlords Need to Take Advantage Of

By Devon L. Hicks on Sep 2, 2018 10:00:00 AM

While owning rental real estate can be a great way to build wealth, it most certainly comes with its fair share of expenses.

Taxes are one of those expenses.

For every dollar you earn, you’ve got to give a few cents - or maybe more than a few cents - back to Uncle Sam.

No one can escape it.

Well, you can try, but that’s called tax evasion - a federal offense - so I wouldn’t recommend it.

Even though the IRS invokes fairly negative feelings by taxpayers, it isn’t all bad. In fact, the IRS offers rental property owners a hefty amount of tax breaks.

You just have to know where to look.

Unfortunately, the IRS isn’t going to provide you with a neatly, bulleted list of deductions and I doubt you’ll want to scan over the 73,000+ pages in the U.S. Tax Code to find them, so I thought I would highlight a few.

Topics: Leases and Legal New Landlord

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