If you are a Landlord, or considering becoming a Landlord, I’ll guess that you’ve at least thought about the idea of Renters Insurance.
Recently, I’ve taken a lot of phone calls from Indianapolis real estate investors that tell me a similar story. It goes something like this…
“Hello, my name is Joe Investor and I own some rental properties in Indianapolis. I’m just really frustrated with my current Property Manager and I’m exploring my options.”
In response, I generally follow-up with the same question each time…
We take phone calls on a pretty routine basis from people who are considering renting out their home who really don’t understand, at a very basic level, what a Property Management company does.
It’s one of those, “So, how does all this work?” questions.
A question we get fairly often from Landlords is: “Should I Allow Pets?”
Generally, we recommend that our Owners open their property to pets. And there are a few reasons for that.
If you are a new Landlord, I’m certain you’ve asked yourself, “Do I really need to hire a Property Manager?”
Now, as an Owner of a Property Management company, you probably are thinking, “Well, I know what this guy is going to say.” But, my answer might surprise you.
One of the top questions we get from people who have never been a Landlord is, “What if a Tenant Destroys My House?”
It’s a certainly understandable question. Most people, who are new to our industry, have probably only heard the horror stories out there. Yes, Tenants can do a lot of damage to properties, but I can assure you, from our own experience, that it’s not common.
And while there are no guarantees, there are some steps you can take to help ensure your Tenant doesn’t destroy your property.