Screening a tenant is the result of a landlord or manager’s hard work: the property is ready to rent, it has been marketed on all the best websites and an applicant is ready to move in. To be successful, the tenant screening process requires attention to three basic areas.
Income and Employment
You need to know the source of the...
Put simply, the vacancy rate is the number of days that a property is not producing income, due to the fact that there isn’t a tenant in it, divided by 365. The vacancy rate is used in a number of ways, such as to determine cash flow.
Low Vacancy Rates
Your property’s vacancy rate can also tell you about your rent levels a...
Investors often ask whether it’s better to purchase single family homes or multi-family properties. One is not better than the other, but each property type has distinct advantages that you want to consider before buying property in Indianapolis.
Single Family Advantages
With single family homes, there is a lower entry point. Th...
Vacancy and turnover time can be expensive for Indianapolis property owners, so finding a well qualified tenant quickly is always a priority. The amount of time it will take to get your property rented depends on two things; the condition of the home and the amount of rent you’re charging.
Property Condition
Most owners, when th...
When you own or acquire a rental property in Indianapolis, marketing the property correctly will help you get the most out of your investment. Be prepared to market the home wisely and aggressively.
Property Condition
First, you need to have a well maintained investment. Too often, owners will acquire a property and simply want to put...
Real estate investors interested in low property prices and high rental values will want to consider Indianapolis as an ideal place to buy property. At ES Property Management, we work with a number of out of state investors as well as property owners who live out of the country. Whether you’re local or out of town, it’s a go...
Choosing the right property management company in Indianapolis will have a major impact on the success of your investment. We’d like to tell you why ES Property Management is an excellent option for you and your rental property.
Local Expertise
We are a local company. Our families have been here for over 30 years. We are knowled...
