All Forum Posts by: KiKi Wood

Hey Adam! I am a local realtor, and my fiancé and I run a property management company in Indy, where we manage 60+ rentals. I would be happy to talk to you about good areas to invest in Indy, and see if I can help you find what you're looking for! 

Hi Micah! Congrats on your first reno! That's really awesome. My fiancé and I are local (Indy) and we manage 60+ properties in Indy and surrounding areas. We primarily do short-term, but also do mid-term and long-term! I would love to have a conversation with you about what you're looking for, and if I'm able to help! :)

I also have an amazing, local lender connection that offers hard money, DSCR, and other investment loans. I would be happy to connect you with her as well!

Let me know if I can help in anyway! :)

Hi Aubri! My fiancé and I have two arbitrage units in a small commercial building of about 20 units. We do not run into any issues, but I would make sure your area doesn't have any restrictions on STRs! We also make sure to tell the tenants surrounding those units to let us know if they have any issues with short term tenants. We haven't has any issues yet! 

It's great to finally have these numbers! I have been trying to estimate this for my clients, so it's great to have this to reference. 

Great question, Rae! We manage about 60 properties in Indianapolis, IN and are always looking for ways to set our properties apart. Here are a few things that we find are working! 

- Hot tub or pool. I know this is a bigger investment, but it can be so worth it! Look at rentals in the area and see how many have this, because that is a big way to increase bookings. 

- Color. The more color, the better. We have found that when we focus on color or theme in our design, it makes people want to stay there more. We just finished up one downtown Indy that is already doing so well because of the colorful design! 

- Following that, purchase good quality furniture and decor. Buy once, cry once. It automatically makes the home look more cohesive, and won't break on you after 2 months! 

- Like @Sarah Kensinger said, Instagramable walls are a huge selling point. You can do a greenery wall with a neon sign, a painted or wall papered wall that has crazy colors, etc! We have done a couple with a skyline of Indy on wallpaper, or wall with trim designs! Possibilities are endless. 

- Outdoor amenities. I have seem small putt putt greens, made out of turf, outdoor games like giant Jenga or giant Connect 4, or anything like that! Fire pits, cute sitting areas, and string lights. LOTS of string lights! 

These are just a few things we use to set ourselves apart in the market! I hope this helps, good luck!! :) 

That's awesome, Beau! I am local to Whiteland as well. Looks like a great flip! Congrats!! 

If you are just contracting work as needed, I would probably just do per job! Have a base price that you pay for small things, and build off of that for bigger jobs. That's how we started before hiring on a full time maintenance man! Good luck! :) 

I am not from the area, but I would find a local investor or Realtor to help you figure out what would work best! Look at the STRs in the area and see how they're doing. Look at FMR (fair market rent) as well to see how much you would make at a certain bedroom count. There's a lot that goes into it, but if you find someone that has invested in the area, that would help a lot!

Like Michael and Jay said above, I think it has something to do with tenants rights after 30 days! In Indiana, it's 28 days, but I think that is the general cut off because the guests would start having tenants rights after that mark. 

We have had clients use their credit cards to get points. If you have an Amazon credit card, you can purchase furnishings on Amazon and get 5% back. We personally do this for the properties we manage!