Louisville, KY vs. Southern Indiana

[Wes Singleton]

Does anybody here have rental properties in both Kentucky and Southern Indiana, (New Albany, Jeffersonville, Clarksville)?  I'm curious what the pros and cons of investing in Indiana vs. Kentucky would be.  I'm familiar with Kentucky landlord laws, but not Indiana.  The properties across the river seem cheaper, but the market seems to be a but softer as well with less demand.

[Clay Smith]

I have rentals in both. We own two in Jeffersonville and a bunch more in Louisville. You can see the map of our properties in the portfolio page of our website.

Generally speaking, Indiana is a little less desirable to me for two reasons 1) utility companies and 2) lower market rent.

I have to bill back tenants for sewer and cannot pass on liability to them. While Louisville Water is still a pain, LG&E is awesome. Dealing with American Water, Vector Gas, and Duke energy is an antiquated process. 

I find that ratios (monthly rent/market value of house) favor Louisville properties. Using rentometer and zvalue you can see as much yourself.

In the end, I still buy there. I am just a little more price conscientious and focus less energy farming deals myself in Indiana. I rely on wholesalers.