All Forum Posts by: Jake Knight

This could be contingent on the market you are in so you may want to source locals in your area and how they handle.  Here in Indy, as long as utilities are separately metered, we will require tenants to cover their own.  If they are not separately metered we would include it with the rent or do flat rate billing based on average utility usage.  

I'm in Indy, we have a lot of real estate investors that are active here. Feel free to reach out.

We have a lot of great information on our website. I can link it directly to you if you hit me up in the direct messages.  I'd be open to meeting you sometime as well.  I managed a multifamily community for 8 years and have been in the single family game for 8 more.

A lot of our clients invest here in Indy.  I assume the other parts of the Midwest may be similar to our market.  From a locals perspective, our market is definitely growing and strong/stable. If you have specific questions, feel free to hit up my DMs.

 I think Gloria made a good suggestion in asking the seller for a price reduction. If you can get the adjustment you need to cover all or most of the structural damage, the numbers start shaking out better. Also, you need to have a contingency budget for things you're not even aware of at this point. 

 I don't have experience with them but they have great reviews. We've worked with Michaelis and had spoken with other customers that had a great experience.  Other companies you could consider as well are: A-1 Concrete/Leveling and/or you can also give Elite Remediations a call and talk to Lamine Boye. Hope this helps!

It does appear you are taking all the right steps to get it remedied.  Michaelis Corp has a good rep locally but you have quite a few options.

I actually have friends that live in Yorktown!  It's very attractive to residents in the area because of the school district.  They revitalized the downtown area and it's overall regarded as a nice area to live.  If you have a kid in school, it's a great option.  This should mean that it has great long term potential and it's growing.  I'd love to pick up more properties in the area.

 It depends on what you're looking for.  Anderson/Muncie areas have good cash flow.  Indianapolis is street by street so you can find cash flow and appreciation here but you have to be very selective and make sure you have boots on the ground.  I like Garfield Park area, Old Southside and Bean Creek areas.  They all offer something different but all have positive momentum. 

Central Indiana is a great market to start in, we've seen a ton of growth over the last ten years.  Happy to answer specific questions if you'd like.