Tenant’s Rights Prevail: Buying a Tenant-Occupied Indianapolis Rental Property
If you are like most investors out there, my guess is you spend a lot of time reviewing MLS listings. I’ll also guess that you’ve run across some language in an MLS description that includes a phrase, “Tenant’s rights prevail.” Here’s an example of a description I found on our local MLS system… “Investor alert! […]
Tales from an Indianapolis Property Management Company: Renting in a Rent Restricted HOA
Like most property managers in larger cities, we manage a lot of homes in the suburbs. You know, those idyllic settings several miles from the city center, where young families congregate in mass. Areas full of chain restaurants, churches and strip malls. Managing homes in Indianapolis ‘Burbs is great. The homes are usually newer and, […]
An Indianapolis Property Manager’s Review of SimpliSafe
*This review is not paid for or solicited by SimpliSafe or any of its affiliates.* Break-ins are a real and unfortunate reality of owning rental properties. They rank right up there with some of the more difficult parts of being a Landlord. Several years ago, when break-ins occurred in a rental property, options were limited […]
3 Major Reasons the Condition of Your Indianapolis Rental Property is Important
Is condition really important? If you are an experienced Investor – someone who has rented several homes or a home several times – you already know the answer, right? Of course condition matters. And while the answer seems simple, we occasionally have to remind some of our Clients that condition does indeed matter. It matters, […]
Should I Accept Section 8 for My Indianapolis Rental Property?
A hot topic in the world of Real Estate Investing right now, is whether or not Landlords should accept Section 8. Or rather, if they have to accept Section 8. Many municipalities across the country are opting to make “source of income” a protected class. What does this mean for property Owners? Basically, it makes […]
Vacancy: The Ultimate Indianapolis Rental Property Cash Flow Killer
When you think about rental property expenses, things like maintenance, management fees and mortgages are probably what come to mind. But there’s one item you may not find when Googling typical costs associated with owning rental real estate. Vacancy. Now, you can argue that vacancy isn’t an expense per se. It doesn’t show up as […]
How Does a Security Deposit Work in Indiana?
Security Deposits are extremely important. Important to you as the Landlord, and important to your Tenant, because it’s their money… until it isn’t. In fact, my guess is if you polled Property Management Companies around the country, the majority would say Security Deposits generate the most friction in their businesses. So, you need to have strong […]
10 Pre-Screening Questions to Ask Before Showing Your Indianapolis Rental Property
It’s no news to you that your rental property is a big investment, and as with all big investments, you have to be extremely careful about who you entrust it to. If you decide to invest in the stock market, for example, you’re likely going to do your due diligence and conduct a copious amount […]
What if Someone Breaks into My Indianapolis Rental Property?
As an owner of rental real estate, there are probably a few things you dread the most. Evictions, maintenance, and…break-ins. Break-ins can be minor or extensive. They have the potential to leave your property heavily damaged and, if occupied, your Tenants feeling uneasy. Because of this, you should do everything within your power to prevent […]
13 Tips for Properly Maintaining My Indianapolis Rental Home
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 […]
How Much Will I Spend on Maintenance for My Indianapolis Rental Home?
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 […]
Return on Equity: The Best Real Estate Return Model You’ve Never Heard Of
Real Estate Investors like numbers. Or, at least they should. And, in our industry, there are plenty of numbers and return models to consider. In fact, we’ve blogged about all the major ones, including: Cap Rate Cash-On-Cash Cash Flow However, today I thought I would discuss a return model that most people never talk about. […]
