All Forum Posts by: Gloria N Gear

I would be happy to have a conversation about Indianapolis.  Very landlord friendly, low taxes, stable diverse economy, population growth.

Another vote for Indianapolis!   I would be happy to have a conversation with you about it.  Indiana is very landlord friendly.  Plenty of jobs existing and coming to the Indianapolis area and the numbers really do work here.

Hi Raz, I can help with Indianapolis.  I was just taking a CE class on the market in Indiana yesterday.  Indiana overall has experienced 300,000 population growth in the last year - it is the leader for the midwest.  Most of that is concentrated around the metro areas - Indianapolis, Ft Wayne, upper northwest corner. (source Indiana Association of Realtors).  Indianapolis has a very stable and diverse economy, be happy to chat with you.

I can PM you some contact info -- but reach out to LivIndy, T&H Realty, and Triple E Management - they all do Johnson county.

I got on here to post and you have already received recommendations on my top ones - LivIndy, T&H, and Harvey -- I also would like to add Triple E - they have done a great job for OOS investors and communication.

Happy to interview for the job.  I will PM you.

I am an agent that has been working with OOS investors for 7 years now - would love to interview for the job.  I also am an investor myself and happy to share the good bad and ugly of what I have personally experienced as well.  I will send you a PM to connect.

I am in indianapolis, here are the numbers I use.

Insurance 1% -- most of my properties are $80-$120 a month
Maintenace 5%
Repairs/Capex - 5% (but I try to front load my properties and take care of major items up front - like roof, HVAC, sewer, etc.)
Management - 10% (typical for Indy area property managers, some are less but you get what you pay for)
Utilities - my tenants pay for everything (including lawn care and snow removal)  I have one property that has shared water/sewer for 2 units - I charge each tenant an extra $40 a month in addition to their rent to cover that.

(FYI - i am mostly single family, but have one duplex) be happy to chat more if you have more questions.

I was going to say Goosehead as well. They are a brokerage so can look at a lot of companies and see the best fit for you. They saved me about $2000 a year over 6 properties.  Rates are up across the board though, this year, a new property is costing me about $120 a month in insurance where other similar properties I have are only $80 a month.  (My rep is Ted King - he is based in Carmel, IN)

Triple E, LivIndy, T&H management, AMG property Management, PMI Indy are a few that I recommend.

PM me if you need contact info.