How Good Maintenance Processes Help Retain Tenants

By Devon L. Hicks on Mar 18, 2018 10:00:00 AM

We’ve said it before and we’ll say it again: When you buy rental real estate, you’re entering into a small business.

As with all businesses, large or small, customer service should always be a major priority. After all, it’s easier and cheaper to retain customers than it is to find new ones.

As a Landlord, this holds true for you, too.

Maybe even more so than many other industries.

Effective Property Management is a critical component of any successful buy and hold strategy. If your Tenants renew, you save a TON of time, energy and money.

To maximize your investment, you should strive to retain good Tenants and avoid vacancy, which, as we’ve noted before, is a cash flow killer.

Arguably, one of the best ways to keep your Tenants happy is to practice good maintenance processes.

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13 Tips for Properly Maintaining My Indianapolis Rental Home

By Devon L. Hicks on Jan 14, 2018 10:00:00 AM

More often than not, maintenance has a negative connotation in the rental property world.

The goal of all Landlords is to minimize it.

The goal of all Tenants is to ensure it’s done and done right now.

For Landlords, maintenance usually means something is broken, or there’s some other issue that’s going to cost them money.

But that isn’t, and shouldn’t always, be the case.

Most maintenance should be viewed as asset preservation as opposed to fixing and replacing.

Most experienced and successful Landlords understand that the better a property is maintained, the lower the long-term expenses should be, and the higher chances for Tenant satisfaction and longevity.

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How Much Will I Spend on Maintenance for My Indianapolis Rental Home?

By Devon L. Hicks on Dec 17, 2017 10:00:00 AM

We've been in the Property Management industry since the year 2000, and one of the most frequently asked questions from Landlords across the board is:

"How much will I spend on maintenance?"

As much as we want to provide a quick, one-size fits all answer, it's not that simple.

As you may know, maintenance expenses are dependent on a wide array of variables. There's no magic number we can give you because every property is a little different.

What we can do, however, is help you plan and create a budget for your specific property, and prepare you the right way for whatever maintenance issues may - and will - come your way.

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7 Tips to Convert Your Primary Residence Into an Indianapolis Rental Property

By Jake Knight on Sep 17, 2017 10:00:00 AM

So, you’re thinking about transitioning your personal residence to a rental property.  

Maybe the proposition excites you: "I REALLY want to be a Landlord."

Or, maybe you enter this discussion from a simple point of desperation: "I can't sell my house and renting is my only option." 

Whatever the case, renting out your home comes with a lot of potential benefits, but it’s also a decision you need to make after understanding exactly what it means to be a Landlord.  

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What Landscaping Should My Indianapolis Tenant Do?

By Jeremy Tallman on Aug 20, 2017 10:00:00 AM

Nearly every time I speak to someone new to the Indianapolis market or someone who is a new Landlord, the issue of landscaping comes up.

Most of these Landlords, it seems, don’t understand who is responsible for landscaping.

So today, I thought I would spend some time answering the question:

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Should I Buy a Home Warranty for My Indianapolis Rental Property?

By Jeremy Tallman on May 5, 2017 3:54:53 PM

 A question we receive from time-to-time from our Owners, is “Should I Buy a Home Warranty?”

As you probably know, a home warranty is a service contract that is designed to pay for home repairs. So, you pay a home warranty company an annual premium, which could range from a few hundred dollars a year to well over $1,000 per year, depending on options.

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