I recently bought a single family home in Indianapolis. I am looking for Property Manager. Can anyone recommend good property management company in Indiana?
Where in Indy is the property located? What is your expected rent? Different PMs are better for different areas, property classes.
It is in south Butler-Tarkington area. I have inherited tenant from previous owner. current rent is $865. 4 bed rooms and 1.5 bath. I am looking for advice, if rent can be increased after some upgrade.
Depending on what street (as there are some pretty nice blocks over there) rent could be increased. However, if the tenant pays in time and follows the rules you are probably better off keeping them as you’ll avoid the deferred maintenance/turn over costs right now. Let us know if we can help.
Good luck. Indianapolis is a great market.
I would look into T&H Reality. They have restrictions on what types of properties they take on, but all of those are listed on their website.
How far south are in in Butler Tarkington? My company manages numerous properties in the area, mostly north of 42nd street, with one being a tri-plex on the 3900 block of Central. We typically rent to urban professionals for above market rental rates.
I live in northern BT with my fiancé. It's a complex market that's very street-to-street. A 4-bed on 42nd street could rent for as much as $2,100/mo while the same house on 40th street would rent for half that.
I'm happy to provide any additional insight as you search for a property manager in the area.
Like Matt Speer says, it can really depend on how far south. What street and block are you on?
It is near 38th street. I have inherited tenant which I will continue untill lease expires. I would like to do some upgrade if it make sense and can add value in the house and increase in the rent. I would appreciate any idea / recommendation.
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