All Forum Posts by: Jake Knight

Thank you

 Hey Josh, thanks for your response.  We only do long-term property management so I don't have a great view into the short-term rental market.  That being said, I would think that given its location, it would be better suited for long-term management.  It's not what I would call a trendy area like Bates-Hendricks/Fountain Square.  I tend to see more short-term rentals in the trendy downtown areas. The two areas that I think would be best suited for short-term in 46227 are the North end of the zip code near Garfield Park and Homecroft. Hope this helps, please let me know if you have any other questions!

 Feel free to reach out to me directly if you have questions or if you want an opinion on an area or property.  Happy hunting!

 That's great news!  My email is [email protected]. Feel free to reach out or book my calendar!

We'd be happy to speak with you about your PM needs, please don't hesitate to reach out if you are still looking.

Best of luck,

Jake

We have quite a few properties over there!  It's a pretty modest/blue collar area.  You'll find some crime as you would with a more affordable area but overall it offers good rents in a time where rents are at historic highs. I find a lot of rents to average around $1,300.  Floor is $900 and ceiling around $1,600. Personally, I don't have any issue investing or managing over there. Finally, even though Indianapolis University is small, it's always good to have a great institution nearby.

I'm happy to send you some information on our services if you'd like.  Either way, wish you the best in your search!

On our recent podcast @Tyler Lingle mentioned something really interesting regarding spreadsheets that I had given much thought about until he brought it up.  Obviously numbers always matter but it's always important to factor other things in i.e. performance of the property long term w/tenants.  Has anyone else paid more for a property because it offered better intangibles vs a property that had better cash on cash? If you have, what's been your experience?

If you haven't already, you should be receiving your property taxes soon.  I thought it would be a good time to hand out some pointers we often advise to clients on this:

1. Understand Your Assessment: Review your property assessment carefully to ensure its accuracy. If you believe your assessment is incorrect, you have the right to appeal.

2. Explore Exemptions and Deductions: Take advantage of any available exemptions and deductions for which you qualify to lower your property tax bill.

3. Budget for Property Taxes: Property taxes can be a significant expense, so it’s essential to budget for them accordingly. Set aside funds each year to cover your property tax obligations. Also, keep in mind that as the value of your property increases, your tax bill will increase as well.

4. Stay Informed: Keep abreast of any changes to property tax laws, rates, or relief programs that may affect your tax liability.

5. Consider Consulting a Professional: If you’re unsure about any aspect of property taxation or need assistance with assessment appeals or tax planning, consider seeking advice from a qualified real estate attorney, tax advisor, or property tax consultant.

We have used Goosehead ask for Mary or Jake, they're great!