Run into issues with rentals in Indianapolis

[Angela A.]

Hello everyone,

I am running into some issues on my out of state investment in Indy right now and would appreciate your inputs on the situation.

I am from California. I bought two SFH in Indy this year through an agent from MLS. Both houses is at $65-70K price range and according to the agent are in B- or C+ neighborhood. The house is at East of 465.

The agent has his own property management company and he manages those two houses for me. According to him, he manages around 50-60 houses.

Both houses are rented for $950. Both tenants started not making rent payment after 3 month. One of the tenant already went through eviction filing before and managed to pay eventually. Both are undergoing evictions right now. Court date is end of Oct and beginning of Nov. The agent said of all the houses he manages this year, he had 4 evictions so far, including the 2 from me.

I think something is not right here. Even thought I expect there might be some bad tenants, but not at 100% eviction rate. Tell me I am not that unlucky.

This is my first out of state investment experience and I did not expect it would go that wrong.  I don't know what I should do next.

I have started looking into other PMs. But am really afraid of another bad experience.

I would greatly appreciate if you could provide your inputs on how I could get out of the current situation.

Many thanks.