All Forum Posts by: Kenny Hall

@Bob Ox hey! Shoot me a message. I’d love to share about what LIV Indy has been up to.

@Rachel Mellies hey Rachel! Would love to chat with you about LIV Indy.

Hey @Jeffrey Coke! Would be happy to have a conversation and chat with you about multifamily in Indy.

@Alexandra Salerno you can’t go wrong working with Tyler. Above and beyond customer service and will go the extra mile for his clients.

@Jake Onorato would love to help you here! Shoot me a message and we can chat.

@Peter Aziz shoot me a message. Looking forward to chatting soon!

@Peter Aziz hey!

Congrats on the new opportunity in Indy!

1. This is a C area in my opinion. Indy is very street to street and can’t be judged based on the zip code. I personally like the area you’re at - but there are area that will appreciate and stabilize faster. I wouldn’t plan on it heading to a solid B in the next 24 months. Look at areas south east of fall creek for that type of movement. Safety comes Into play primarily with targeted crime, otherwise vacant properties and appliance theft is high. I would say you’re probably good depending on your current tenant’s backgrounds.

2. Owners paying for utilities is common in lower income areas but not a best practice. If the opportunity comes to switch Into tenant’s name, go for it. Is the property separately metered? It’s understood in the prospective tenant pool in Indy they will pay for utilities.

3. Depending on the qualify finishes and overall condition of the units, this is better rent than I would have expected. However, I believe there’s about 10-15% of meat still left on the bone here for each unit.

4. Typically average $150-$200/mo in total for utilities, but request a 12 month average before close.

5. Turnover depends on the season. There’s a bit of a slow in the leasing right now, but will pick up again at the end of the year and January and then super hot again early Spring. A quality property manager will have means and marketing tools to help land a quality tenant within a week of listing.

6. When doing rehabs, typically recommend not putting appliances in until the very very end and even marketing without them. They can live in a storage unit or Lowe’s can hold them for you until a day or two before the tenant moves in. Just takes some Intentional planning. Also encourage a SimpliSafe per unit. Typically a $200 hardware investment and $25/mo monitoring fee.

Would love to connect while you’re in Indy - shoot me a message and let’s plan on it. Always happy to help!

I have a property under contract in Indianapolis and trying to decide if I should flip it or keep it as a rental.

What criteria do you look at when deciding between the two? Do you account for taxes in your analysis? Other fees like agent commissions or property management fees?

I’d like to build a model that would be easy to plug in a property’s estimated numbers and it tell me if it will be a better flip or buy and hold investment. Looking for your thoughts to consider while I build this out. Thanks!

@Yamit Choen Tyler (above) is the man! Definitely connect with him. I’m a local investor and have 5 doors. Would be happy to chat and share what I know about the Indy neighborhoods.

@Lance Stokes hi! I’m a local investor in Indy and have 5 doors. I’d be happy to connect and share more about Indy as well as share my network.