Blog

Today’s blog is about Indianapolis area property managementcompanies and the fees they charge. We want to help you understand what management companies charge their clients, and how they do it. Set Up Fee One of the first things you may run into with property management companies is a set up fee. This is a fee that a company may charge for each property you bring them to manage. They will tell you that this money covers the staffing required to put your property into their systems and to begin their marketing work on your behalf. We don’t char…

We are talking today about the new Indianapolis Landlord Registration ordinance that went into effect January 1, 2015. Indianapolis has followed the lead of several municipalities around the country and is now requiring property owners and investors to register in their system each year. The cost is $5, and that’s $5 per property owner. So if you have four properties you need to register and you do them all at the same time, it’s going to cost you $5. If you go in and register them each individually, it will cost you $20 or $5 per registration…

In today’s blog, we’re talking about three things you can do to help minimize the damage to your Indianapolis area rental property. Setting Expectations The first and most important thing to do is to set clear expectations for your tenant up front. If you are a coach or a parent, you’ve probably noticed that kids will often meet your expectations, whether they are high or low. When they know what you want, they’re going to deliver. Tenants are usually the same way, so it’s important to let them know that you have high expectations for how they…

On our blog today, we are taking a few moments to talk about three specific events that tell you it’s time for an eviction. Hopefully, you will have a better understanding of when it’s time to get rid of your problem tenants. Payment Issues It’s pretty clear that you need to evict a tenant who is not paying rent or is slow to pay every month. Landlords often ask us how long they should wait to get the process started. It’s critical that you start right away. Don’t wait 30 days to pursue an eviction. If rent is due on the fifth of the month and…

Today we are talking about the three areas to focus on if you want to get your property rented quickly in the Indianapolis area. Rent Ready First, you need to pay attention to the inside and the outside of the house and make sure it is rent ready. The landscaping outside doesn’t have to be fancy and ornate, but it does have to be clean, trimmed and maintained well. Your property’s exterior should make people want to get out of the car and come into the house. Once those potential renters are inside, they want to see clean carpet and freshly pa…