Category: Renting

Evaluating the Cost of Property Management in Indianapolis, IN

When the phone rings or we receive an email from a new owner asking about our property management services, the first question they usually ask is how much do we charge. I’m always puzzled by that. They haven’t told us anything about their property or asked us anything about our services. It seems as though the only thing of importance is the price. This is common, and I wondered why. So, I Googled it. After reading many articles, some dating back decades, I found studies that indicated the reason consumers ask price questions first is because it’s something they’re comfortable asking. They don’t know what questions to ask, so price is their determining factor in a property management service or any other product or service. (more…)

Questions to Ask Rental Property Managers in Indianapolis, IN

There are a few important questions you should ask rental property managers to determine if the value you’re going to receive is worth the price the property manager wants to charge. Warren Buffet says price is what you pay and value is what you receive. It’s important that when you talk to a property manager, you ask them open-ended questions. This is, after all, an interview.


How to Turn Rental Property Cash Flow into Profits – Indianapolis Property Management Advice

The simple strategy for putting more money in your pocket is to stop focusing on monthly cash flow and to do everything you can to avoid vacancies and turnovers. This will put more profits into the pocket of any rental property owner. I get calls from prospective clients who are often unhappy because they are not making enough money. When we talk, they tell me they have great cash flow but tenants move out and high turnover costs or vacancy eat up previous profits. This is a common problem and four simple steps can help you solve it. (more…)