About 25 miles south of Indianapolis lies the Johnson County city of Franklin, Indiana.   With a current estimated population of 26,414, Franklin is the 39th largest city in Indiana. Since 2010, the population has grown 11.40%. Franklin offers a sparse suburban feel, with a revitalizing Downtown area.  The median age is 37.9 with an average household income of $72,640 according to World Population Review.  Caucasians make up 95.38% of the population. The average rental amount is $880 and the median home value is $129,200. According to Niche, it's ranked #51 out of 115 for b ..read more

Rents are on the rise. While that's not exactly breaking news, the second quarter rental statistics for the Central Indiana accentuate the points that 1) A lack of supply and 2) A huge demand equals 3) An increase in rents.  In fact, two key records were set during the quarter for the Indianapolis rental market. See below for the details.  Quick Central Indiana Rental Market Overview To illustrate the point of our current supply/demand situation, average rents in Indianapolis during the second quarter came in at a robust $1,296 per month.  Yes, almost $1,300. That's a new record ..read more

Rents are on the rise. While that's not exactly breaking news, the second quarter rental statistics for the Central Indiana accentuate the points that 1) A lack of supply and 2) A huge demand equals 3) An increase in rents.  In fact, two key records were set during the quarter for the Indianapolis rental market. See below for the details.  Quick Central Indiana Rental Market Overview To illustrate the point of our current supply/demand situation, average rents in Indianapolis during the second quarter came in at a robust $1,296 per month.  Yes, almost $1,300. That's a new record ..read more

We If you're a current Client, or have spent much time on our website, you know what we have a fully functioning brokerage. It's something we're proud of and something our Clients benefit from -- whether we're helping them add to their Portfolios or, when the time comes, sell their property. While we have a very capable brokerage, we realize some of our Clients have their own Agent. And we certainly respect that. However, we've had some nightmare situations over the past several years with Agents who simply did not know the best way to represent their investor Client. Representing a buyer for ..read more

Truth be told, we're a little surprised. As you know, we've written a rental market update for many years now. In most cases, when we compile the quarterly numbers, there's nothing surprising with the numbers. The numbers we compile are, in fact, almost always what we expect and, to a more specific extent, what we "felt" as a company. Meaning, the overall market for a given quarter is a direct reflection of our leasing operations. If the market is hot, our leasing is hot. If the market cooled, our leasing typically cooled, too. But, this quarter was definitely different.  Quick Central In ..read more

The temptation is there. We see it all the time. Your Tenant vacates your rental home and your Property Manager provides bids for the turnover work. You review the bid and that nagging voice in your head takes over… “This bid seems too high. I JUST KNOW I could do the work for less money.”  And so, you do.  Some of you may live close to your property, have contractors at your disposal and have time to invest in managing the work. But, most of you live hundreds of miles away, don’t know any contractors and really don’t have the time to devote to herding those contractors.  You st ..read more

I think we can all agree that the inspection phase is is one of, if not the most nerve racking part of purchasing a property.  There are a ton of factors to consider and you just never know what might be discovered.  Our stance on home inspections is that you should always, always, ALWAYS have one.  Even if it's an "as-is" sale, you'll want to have a well rounded understanding of the condition of the property and its major components. One of these major components that you may have not given much thought to previously, is the sewer line.  Keep reading to get a full breakdow ..read more

A while back, Feedspot voted us #20 on a list of the top 80 Property Management Blogs. We were thrilled and flattered, but more so surprised and excited to see all of the resources out there for landlords and rental property investors.  We pride ourselves on our blog and do our best to provide the highest quality content and to educate anyone who wants to learn.  Although we hold our blog in high regards, we realize that there is a wealth of knowledge and many other outstanding resources for individuals like yourself.  So, we decided to use our expertise to make our own list of ..read more

As it turns out, 2020 went out on a low note. Who would have ever figured that, huh? The Central Indiana rental market, which shrugged off the COVID-19 pandemic for most of 2020, saw a big decline in rented homes during the fourth quarter.  Quick Central Indiana Rental Market Overview Indianapolis, for example, saw only 526 homes rent through our local MLS system during the  fourth quarter, compared to 710 homes during the same quarter in 2019. Don't worry about pulling out a calculator... that's a 36% drop in rented homes. But, don’t worry so much, either. It's really not all bad ..read more

So, 2021 has arrived.  To say that 2020 was a difficult year is a drastic understatement. The good news, at least for single family investors, is that in spite of a global pandemic, rent collections remained strong and real estate values continued to soar.  Not all bad.  Not at all. As we transition from 2020, we want to discuss 3 tips to help Indianapolis investors help ensure success in 2021.  Don’t obsess over purchase price. Buying real estate in Indianapolis is hard. There’s a clear shortage of rental inventory and very few deals to be had. Even owner-occupants ha ..read more