T&H Realty Services Blog

You've recognized the incredible value in rental properties, but how do you find them? Where should you look?

These questions are deceptively simple, only brushing the surface of a subject that's a little more complicated than it first appears.

Yes, you can find a variety of rental properties with a Google search, but finding an attractive property at an affordable price isn't nearly as easy.

You'll need to use all your available resources, taking advantage of many different strategies.

With that in mind, we'll walk you through six ways to find new rental properties for sale.

Moving right along in our series, the third township we will be discussing, is Warren.

One of the nine Marion County Townships, it was named for American physician, Joseph Warren, who played a large role in the Patriot organizations during the American Revolution.

According to the U.S. Census Bureau, the population was at 104,572 as of 2017.

The median age is 35.8, with 58% of the population being female.

The median annual household income is $42,199 according to BestPlaces.

Niche reports a median home value of $104,600 compared to the national average of $184,700 and the median rent at $811, compared to the national average of $949.

Another one of the nine Marion County Townships, is Pike.

Located in the northwestern portion of the county, it lies completely inside of Indianapolis except for a small portion of Clermont.

The township is named for Zebulon Pike, an American general and explorer.

The most notable attraction of Pike Township is hands down Eagle Creek Park. At approximately 1,400 acres, it’s the largest park in Indianapolis, and one of the largest municipal parks in the US.

According to Census Reporter, the current population is at 82,247 with a median household income of $52,917.

The median age is 32.4 with a fairly even male-female ratio and almost half the population falls into the 20-49 year old age range.

There’s also a pretty even split of homeowners to renters with 52% going to the former and an estimated 8% vacancy rate.

With 1,160 homes sold in the last year, the median sale price was $147,000 and the median monthly rental rate was $1,285 according to MLS data.

**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.

If you’ve been investing in real estate for any period of time, or even if you’re just in the research phase, you likely know about property classes.

Just in case you’re brand new to REI and have no clue what I’m talking about, there’s an informal grading system that investors use to classify properties.

Yes, I mean literal grades such as an “A” property or “C” property.

I say it’s informal because everyone has their own variation and subjective opinions about what each grade constitutes.

One investor may think a property is a “B” class while another considers it a “C”.

Some grade on an A-B-C scale while others go all the way down to an “F”.

Some go even more in depth by adding pluses and minuses into the mix.

But with all that aside, at its core, the grading system is universally known and is an important factor to consider because each class represents a different level of risk and return.

As a company who manages mostly A/B properties, we are often asked what those types of properties look like.

So, we thought we would take some time to break down each class, provide some real life examples from right here in Indianapolis, and hopefully be able to help you determine which class of property best fits your investment goals.

For the purposes of this blog, we’re going to use an “A” through “D” scale.

When it comes to finding and purchasing rental properties, you want to ensure you have a knowledgeable, experienced partner to help you in your search.

Buying investment properties is a whole other ball game compared to simply purchasing a personal residence.

You have to think about the make-ready work, rent rates, cash flow, appreciation, crime rates, school districts, property taxes, etc, and how it will all fit in with your goals and strategy.

You also have to think about management. Are you going to self-manage or have a third-party handle that for you?

If you’re going to hire a Property Manager anyway, why wouldn’t you take advantage of using their brokerage services as well?

It makes sense on so many levels, and we’re going to discuss a few reasons why: