Why Should An Investor Hire a Property Manager?

We care for your home as if it were our own.

If you are losing sleep due to worrying about managing your rental property, call RENU Investor Property Management Central Indiana.

Hiring a Property Manager

Investing in property in the Central Indiana areas can be a cost-effective plan, but preparing to rent, finding good tenants, and sustaining the real estate can quickly eat through your revenue. Whether you have a small or large real estate investment portfolio, it can be difficult, time-consuming, and expensive to be a landlord. When you are trying to determine whether hiring a residential or commercial rental property management company in Central Indiana is right for you, it is important to keep the following things in mind:

Preparing the Home or Commercial Property for Lease

One of the hardest parts of being a property manager comes before you put your property up for rent. You may need renovations to floor and wall coverings, lights, plumbing, and more. It’s necessary to ensure everything is functional and attractive. Depending on the local market, you might also want to replace appliances or put in new amenities.

You also need to figure out how much to charge in rent, whether to include additional bills such as utilities and more. You must also abide by all the rules of your local zoning authority or HOA. Our property management company has the knowledge and expertise it takes to give you the best advice.

Locating Renters & Showing the Property

Once your real estate is up for rent, you need to locate trustworthy tenants as quickly as you can. This requires getting the news out that it is available. At Real Investor Property Management in the Central Indaina area, we use only the most professional outdoor signs and top quality digital marketing, including searchable online listings that feature pro photography and compelling written descriptions of your space. Every day your property goes unrented is a financial hit, so promptness is crucial in this process. You will need to show the property several times, and should count on missed appointments. When a tenant is interested in renting, you need to conduct due diligence to be confident they will care for the property and pay you every month. We complete thorough background checks, including rental history, proof of income, criminal history, and credit history. These reports get expensive, even when you ask the renters to help pay, but we have negotiated premium rates with providers. You also need to make sure you are within the law throughout the process. Most property owners who manage properties themselves aren’t knowledgeable about legal issues like fair housing laws. Even little mistakes can become big problems.

Repairs, Maintenance & Inspections

Making your property investment grow in Central Indiana requires that it be kept in good condition. We perform scheduled exterior and interior inspections while you have tenants, plus keep to a regular maintenance schedule. When things go wrong, you should make repairs ASAP. Our skilled property managers know how to see big problems ahead of time, and we have a network of local contractors ready in case of problems. The team at Real Investor Property Management is available for renters of commercial and residential properties every day of the year.

Financial Matters

Screening carefully lessens your likelihood of running into issues like late or missed payments, but problems may still come about. The first way to prevent problems is to make it easy for tenants to pay rent on time. We offer full-service online tools that allow for scheduled online payments and that disburse your funds to you monthly. If we see missed payments, we know the steps to take. From contacting tenants to filing the correct paperwork in case you need to evict, we handle everything. Afterward, we can reduce vacancy periods with online marketing and listings.

At RENU in Central Indiana we aim to help you make money in real estate. Our responsive, reliable staff has the experience and dedication required to help you maximize profit while you minimize stress and lessen your risk. Call us today to for a free quote and discover how our cost-effective residential and commercial property management services can help you achieve long-term success.

Contact RENU Today!

RENU is a reliable property management firm. Our team alleviates the stress of owning investment properties. To understand the full scope that RENU Management can do for you in the Indianapolis, Carmel, and Fisher, IN area, set up an appointment today. You can reach us at 1-888-310-7667.

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