Property Manager and Property Viewer in Indianapolis

[Amardeep G.]

Hi all, 

Long time reader on these forums but this is my first post. I am an out of state investor looking at properties in the Indy area for cash flow. I am open to both multifamily and SFH. I have an agent that I have been working with for a long time and am happy with but it is difficult for me to get out to Indy to view properties that I am interested in, particularly since all of properties that are priced right appear to get snapped up within a few days. There have been multiple instances where I was excited about a property and by the time my agent heard back from the seller there was already an offer in place.

Does anyone have any recommendations for a person or service that specializes in going out to properties on my behalf and taking photos/video and providing feedback?  I have relatives in Indy that give me feedback on particular neighborhoods and areas, but they are not involved in real estate and it would be helpful to have someone with real estate experience who could (1) go and check out properties for me on short notice and (2) provide feedback on potential properties.    

Additionally, I am also looking for property managers if anyone has recommendations.  I have already spoken with red door but they have mixed reviews.  I also reached out to Spouses Buying Houses a few times (due to recs on this forum) but haven't been able to connect with anyone there.  

Thanks in advance for any input.  

Sonny 

[Mike D'Arrigo]

@Amardeep G. Indianapolis is a strong cash flow market but it can vary neighborhood to neighborhood and even street to street. It's hard for an out of state investor to fly out and see a specific property before buying because as you've seen, they are usually sold before you can get out there. Doing that is like putting the cart before the horse. I would highly recommend that before even looking at properties, identify some areas and neighborhoods that you are interested in. Make a couple of trips out there and drive street and block of those areas. Get to know the areas very well then when see properties on those areas, you'll be familiar with the neighborhood already. By all means, do not consider buying multifamily in Indy without knowing the area extremely well. Indy can be a great market for single family but most multifamily is in the old, rough areas of the city where you can't attract quality renters. These properties do not perform well. If you are going to invest in multifamily, you really need to take the time to learn and understand the city or you will lose your shorts--guaranteed. Why do you want to outsource your due diligence to some 3rd party that you don't know? In real estate investing, there is no substitute for doing your own due diligence and there are no short cuts. As far as just getting pictures and feedback on the area, why isn't your real estate agent that you say you like doing that for you?