There is an extensive list of things to do when you’re getting your property rent ready. If you’re not sure what that means, it describes the things you need to do before you place your home on the Indianapolis rental market and have a tenant move in. A checklist can help.
Inspect Property Quality
Make sure your pro...
It is fall in 2016, and we love this time of year in Indianapolis. We’re talking about an important question for investors and rental property owners, which is: how much should you charge for rent? The rental amount plays a big part in maximizing your returns.
Indianapolis Property Management Education: Vacancy and Pricing
If you ...
As we talk about landlord tips and how to protect your investment, we want to continue discussing insurance. Most investors want to know if it’s important for their renters to have a renter’s insurance policy in place, and what that does to protect the owner.
Renter’s Insurance and Liability
We always suggest that te...
Properly insuring your rental property needs to be an important part of your investment strategy. Today, we have asked Terry Cleveland, an expert in landlord insurance, to talk to us about policies for investment property in Indiana. She’s going to talk about what you need in a rental home policy. Remember that laws and policies a...
Andrew Janutolo, one of our legal partners, has joined us today to speak about the Indiana eviction process. He’s with the Indianapolis law firm of Goodin & Abernathy, and he’s going to explain how to evict a tenant, whether the tenant is willing to cooperate or refusing to leave.
Eviction Process Overview
In Indiana, ...
The next generation of renters are in their 20’s and 30’s. We call them Generation Y or the Millennials. You need to understand this market if you are renting your home and you’re looking for tenants, because this is the largest generation our country has seen. There are 71 to 80 million people in this demographic. Tod...
We always recommend that you allow pets into your rental property. Research has shown that people with pets live longer and happier lives. There are also a greater number of people who have pets. So, allowing pets will let you pull highly qualified tenants from a larger pool of people. Allowing pets is a good idea, but you need to be aw...
The Department of Housing and Urban Development (HUD) came out with new guidelines in April concerning the use of criminal background and criminal history when you’re screening applicants. This is a change to the way we had been screening previously, so it’s important that you understand what you can and cannot use to approv...
There are four traditional methods that landlords typically use to collect rent. Some people want to be paid in person, so they will knock on their tenants’ doors, or ask the tenants to bring cash or a check to the office. Some landlords will accept checks via mail and others will use a payment system like Chase QuickPay or the Pa...
When you’re deciding whether to hire a professional property manager or do the management yourself, remember why you invested in property at all. Most people invest for cash flow benefits and tax benefits, but in addition to those reasons, you invested because you want to improve the condition your life. Maybe you want to improve ...
