Pros and Cons to Selling Your Indianapolis Rental Property Vacant vs. Occupied

By Jeremy Tallman on Apr 21, 2019 10:10:00 AM

While we preach that real estate is a long-term play, sometimes it just makes sense to sell.

Selling, like Buying, is a natural part of the investment cycle.

And, in some cases, it can be a smart move.

As a fully licensed brokerage, we’ve helped many of our Clients in the sale of their rental properties and one of the most frequent questions we get asked is, “should I wait until my Tenant vacates or sell it occupied?”

And the answer is, it all depends.

On what, you may ask?

Well, there are several factors that you need to consider when deciding to sell your rental property occupied or vacant.

Outlined below are some pros and cons for each which will hopefully help you decide the best option for you and your property.

Continue Reading

26 Real Estate Investing Books Every Landlord Should Read - Then Read Again!

By Devon L. Hicks on Mar 31, 2019 10:00:00 AM

I think we can all agree that education is one of the most powerful tools you can employ in the real estate investing world. 

In an industry that's so dynamic, if you're not constantly learning, you won't be successful. 

Luckily, in the age of the world wide web, infinite information is available at the click of a button.

The Resource Center our on our website, which is loaded with great information concerning real estate investing and property management, receives a lot of activity, so there’s obviously a thirst for knowledge out there. 

And outside the web, there are some tremendous resources to fill your brain. New books are coming out all the time and there are some really good ones out there. 

We've decided to make it even easier for you by compiling a list of 26 of the most popular and widely-read real estate investing books. 

Whether you're just starting out or have been in the game for a while, there's a book in this list for you. 

Continue Reading

BRRRR: 2019's Hottest Real Estate Investment Strategy

By Jeremy Tallman on Jan 20, 2019 10:00:00 AM

If you’ve been on BiggerPockets recently, or are involved in REI at any capacity, you’ve more than likely heard about this trending investment term.

It’s known as BRRRR.

When I first saw the term, I wasn't sure what to think. 

I'd receive emails with subjects that said, "Check out this BRRRR deal!"

Did it mean a really, really cool deal?

Didn't make sense to me.  

After some quick investigation, I learned BRRR was actually an acronym that stands for: Buy, Rehab, Rent, Refinance, Repeat.

Brandon Turner, VP of Growth at BiggerPockets, coined this catchy, new term.

Now, there’s nothing new about this strategy. It’s sort of just a hybrid between “Buy and Hold” and “Fix and Flip”.

In fact, even though we didn’t use the term BRRRR back then, this is exactly how my business partner and I got started back in the early 2000s.

So, what exactly is this method, and why has it become so wildly popular?

Continue Reading

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.

Continue Reading

How Does the Marion County Sheriff Sale Work?

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

**Note: This blog was updated on February 15th, 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.

Continue Reading

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.

Continue Reading