Indina rental market

[Debashis Sadhukhan]

Hi

I have a few rental properties in Indiana in different areas.

I am seeing that in the last 3 years, the tenants have not been stable at all. All my homes

are getting vacated in a year or two.

I have a property manager managing all the homes. I always do whatever he suggests

for repair works and to get the house ready for rent ready.

I wanted to check if others with properties in Indiana are facing the same issue.

Any advice on what I can do to determine the cause and improve the situation will be

very helpful.

If you have rental properties in Indiana please share your experience.

thanks

Debashis

[Jay Hinrichs]

@Account Closed

What I have been told by those that have worked these asset class's for years and my own experience over about 20 years lending on the asset class,, is that most of these folks will move 30 to 40 times in their life and generally will live in the same town and many times within a 5 mile sq.. the reason they move frequently and one may not understand is that its not a huge deal for them. I have been in literally hundreds of these asset class homes over the years.. and these folks just do not have the same amount of possessions as many do.. because they do move so frequently they don't collect stuff. so in many cases they can pick up and move in a matter of hours... As well as especially with HUD.. they know the value of a voucher as landlords get desperate when they have vacancies and break ins.. so they will move once their lease is up to the next FRESH rehabbed home.. get U haul at 10 am pack up move and be to the next brand new rehabbed home by 12 pm... wham ... they are gone you have a turn over and the cycle repeats.. These are life long renters they know the game... and what is common sense or how a landlord lives there lives is totally foreign to many of these folks.