I came across a blog post recently that discussed some tips on choosing the right Property Management Company. It was written in the highly popular Bigger Pockets blog and was directed, of course, toward investors.
There were 8 tips and I whole-heartedly agreed with all but one.
It was point #2...
"2. Do they own any rental properties themselves? For me this can be a deal breaker!"
Whaaaaaaaaa????
I get the temptation. You have a rental home and a family member or friend is interested in renting it.
A while back, Feedspot voted us #36 on a list of the top 80 Property Management Blogs. We were thrilled and flattered, but more so surprised and excited to see all of the resources out there for landlords and rental property investors.
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.
We take a lot of calls from investors who are interested in the Indianapolis real estate market. Inevitably, one of the first questions they ask is:
“Where Should I Invest in Indianapolis?”
The answer is: “It all depends on your investment goals.”
If you are considering renting your home, one of the first questions you might ask is:
“How much rent should I charge for my Indianapolis rental property?”
Pricing is very important. You want to ensure that you don’t price it too high, or the home will sit on the market; and you certainly don’t want to price it too low, and leave money on the table.
