Investing in property in the Indianapolis area can be a profitable move, but preparing for the lease, selecting good renters and maintaining the real estate can eat through your margin in no time. Our highly qualified rental property management company can save you a lot of hassle, and our fair and reasonable fee schedule puts you in control.
When you are trying to determine whether hiring a rental property management company in Indianapolis is wise, remember the following:
Preparing the Real Estate for Rent
One of the trickiest parts of being a property manager comes before you put your property up for rent. You may need renovations to floor and wall coverings, plumbing and light fixtures and more. It’s really important to ensure everything is in good working order and top condition. Depending on the local area, you might also need to upgrade or replace appliances or add new amenities.
You will also need to decide on rental fees, whether to include utilities and more. In addition, you need to make sure you abide by all the rules of your local zoning authority. Our property managers have the dedication and experience it takes to help you make good decisions.
Showing the Property & Locating Renters
Once your unit is ready to rent, you need to find high-quality tenants quickly. This requires getting the news out that your home, commercial property or unit is available. We use only the most professional outdoor signs and premier online marketing, including searchable listings featuring photography and enticing descriptions of your property. Every day your property remains vacant means lost money.
You will need to give prospective renters tours and should plan on no-shows. When you find a tenant who is interested in the property, you need to conduct due diligence to be confident they will care for the property and pay on schedule. We complete comprehensive background checks, including rental history, proof of income, criminal history and credit history. These reports can be pricey, even when you ask for application fees, but we have negotiated premium rates with providers.
You also need to make sure you follow the law throughout the process. Most DIY landlords aren’t up on legal issues like fair housing laws. Even small problems can become big problems.
Repairs, Maintenance & Inspections
Making your property investment grow in Indianapolis requires good maintenance. We recommend regular internal and external inspections while you have tenants, plus keep to a regular maintenance schedule. When things go wrong, you ought to make repairs ASAP. Our experienced property managers know how to watch for warning signs, and we have a network of local contractors on call in case of problems. We are reachable for tenants 24/7, including nights and weekends.
Money and Evictions
Careful tenant screening reduces your risk of running into issues like late or missed payments, but problems may still occur. The first way to prevent problems is to make payments simple for renters. We provide online tools that allow scheduled payments and that put money in your account with monthly statements. If we see missing payments, we know what’s necessary. From notifying renters to filing the correct paperwork in case you need to evict, we get it done. Afterward, we can jump in with any needed maintenance and renovation and reduce vacancy periods with online marketing and listings.
At RENU Management Indiana in Indianapolis, IN, we aim to help you make money in real estate. Our highly trained staff has the dedication and experience it takes to help you maximize profit while reducing stress. Contact us today to discover how we can help you reach long-term success.