Any recommendations for Property Management for a duplex in Indianapolis?

[Jeb Brilliant]

Hi All, 

I'm looking to buy my first property in Indianapolis, it's a duplex. Being in California I need to find a property management company. Please send me any recommendations you have. 

Thanks for your input, I really appreciate it. 

[Account Closed]

@Jeb Brilliant@Dave G.@Steve Cook

Multi-family props do not do well in the Indianapolis area because of an assortment of reasons.

They are difficult to keep both sides rented.

They are mostly located in less desirable areas. As most people like to put letters on areas lets just say C-, D, and F areas. I don't know if anyone uses the letter E.

Your rents are usually between $300 to $550 in rent. Sometimes higher but not by much.

Your class of tenant will probably not really care much about the property and leave it a mess when they are done with it. Not all but many.

You will probably not be able to sell them for anything more then what you bought them for. They are strictly for cashflow, not appreciation.

I'm sure there are other reason that other people can mention but these are just some of the basics.

Now I do know of investors that do make them work but they are few and far between. I do have one investor who has no problem renting out his multi's but they are located in a much more desirable part of the city. I also have a friend that bought a multi and he lives in one side and rents out the other. His tenant is paying off his mortgage. Great when it works.

Now I am not saying not to buy multi-family. I just think that one should do their due diligence before making the purchase. The numbers can look great on paper but when realty hits. Those numbers go right out the door. 

I hope this helps.