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All Forum Posts by: Jynell Berkshire

Jynell Berkshire has started 10 posts and replied 190 times.

Post: Indianapolis - Arsenal Heights (Holy Cross) Neighborhood

Jynell Berkshire
Posted
  • Real Estate Attorney, Broker, Investor
  • Indianapolis, IN
  • Posts 207
  • Votes 58

Matt,

Holy Cross is a great neighborhood. You have been to my home-based office and know the area quite well. All of the neighborhoods around Holy Cross (Windsor Park, Cottage Home, St. Clair, etc.) are under huge revitalization. 

I purchased in Holy Cross about 14 years ago. I purchased the lot next to my home for a couple thousand and sold it about 4 years ago for $45,000+. 

Not very many properties left over here. The market is very competitive in this area. One of the neighborhoods close to downtown that has nice green space. Mostly owner-occupied. Prices in this area since I purchased here have gone up over 35%. 

Post: Hi Orange County,CA new member

Jynell Berkshire
Posted
  • Real Estate Attorney, Broker, Investor
  • Indianapolis, IN
  • Posts 207
  • Votes 58

Nooshin,

Welcome to the BP community! If you ever have any questions about Indianapolis or the State of Indiana, feel free to contact me. 

Look forward to learning more about you.

Happy Investing!

Post: Hi all, new member from Vancouver, Canada

Jynell Berkshire
Posted
  • Real Estate Attorney, Broker, Investor
  • Indianapolis, IN
  • Posts 207
  • Votes 58

Jonathan,

Welcome to the BP community! As Mike and Ryan have said, Indianapolis is a booming market right now. Great cash flows.

If you have an interest in the Indy market and have any legal questions, feel free to contact me. I am happy to answer any questions.

Happy Investing!

Post: Major water damage on out of town rental

Jynell Berkshire
Posted
  • Real Estate Attorney, Broker, Investor
  • Indianapolis, IN
  • Posts 207
  • Votes 58

Sara,

As suggested, I most definitely would contact Citizens Energy Group. I too have never heard of Citizens taking responsibility for such damage. From a legal standpoint, below are suggestions:

1. Reread your signed Property Management Agreement as to your PM's fiduciary duties to you as the client. It sounds like you may have a breach of contract and negligence action.

2. Demand the contact information at Citizens to speak with them directly as to what happened, etc. Confirm the information you are being told by the PM is accurate.

3. Gather all specific details as to matter. Specifically, as to when utilities were shut off. Who called in to the work order? It probably was the PM. Request a copy of the work order. Get specific name of Citizens representative who went to the property and shut off the water. Was it actually a Citizens employee or one of their contractors? This makes a difference.

4.  When did the PM become aware of it? Had they shown the property? Request a copy of their specific records.

You need to start building a legal case here, even if no legal action is required. Just some helpful tips. I have represented clients on matters similar to this when it comes to potential PM negligent actions.

In the future, you may want to fax a letter to Citizens requesting that when any tenants move out that all utilities revert back to you, the Landord, automatically. I have this on all of my rental properties and this has proven to be most helpful! Especially when tenants skip out on you before you can get ahead of them.

Post: Newbie from Indianapolis, Indiana

Jynell Berkshire
Posted
  • Real Estate Attorney, Broker, Investor
  • Indianapolis, IN
  • Posts 207
  • Votes 58

Brent,

Welcome to the BP community! Good to hear you are focusing on real estate.

Happy Investing!

Post: Motivated to invest in Indy

Jynell Berkshire
Posted
  • Real Estate Attorney, Broker, Investor
  • Indianapolis, IN
  • Posts 207
  • Votes 58

Yesun,

Welcome to the BP community! Glad to hear you are interested in Indianapolis. 

If you have any questions as to Indiana laws or need information as to local city/county rules, regulations and ordinances, feel free to contact me.

Happy Investing!

Post: Property Tax Appeals - Indiana, Missouri, Kentucky

Jynell Berkshire
Posted
  • Real Estate Attorney, Broker, Investor
  • Indianapolis, IN
  • Posts 207
  • Votes 58

Evan,

I have filed numerous tax appeals for clients and been very successful in getting the property taxes lowered for them. I will tell you the process can be lengthy, as the last I heard, the county was at least a few years behind in processing all of the appeals.

However, it really depends on the case manager, the CMAs and how well you know the Assessor's staff (he..he..he..).

Happy to answer any questions you may have. PM me.

Post: New to BP from Apple Valley, Minnesota

Jynell Berkshire
Posted
  • Real Estate Attorney, Broker, Investor
  • Indianapolis, IN
  • Posts 207
  • Votes 58

Nick,

Welcome to the BP community. If you are ever interested in Indiana, feel free to contact me. You have a friend in the "Hoosier state" that is happy to be of assistance.

Happy Investing!

Post: Indianapolis - Out of state investor looking to build a ground team

Jynell Berkshire
Posted
  • Real Estate Attorney, Broker, Investor
  • Indianapolis, IN
  • Posts 207
  • Votes 58

Jeff,

I work with several out of state BP members looking to invest in the Indianapolis market. If you need any assistance understanding Indiana laws and our legal system, let me know. Happy to speak with you.

And, yes, unlike most attorneys, I do give free consultations :-)

-Jynell

Post: Fountain Square or Bates-Hendricks neighborhoods in Indianapolis

Jynell Berkshire
Posted
  • Real Estate Attorney, Broker, Investor
  • Indianapolis, IN
  • Posts 207
  • Votes 58

Don,

I actually own properties in Fountain Square. I started purchasing in the area in 2007. I am now looking to sell some of my properties given the demand in the area.

I sold two homes last summer and made approximately $35,000 in profit. However, I held the properties for about 6 years as RTOs.

The City has targeted this area as one of its main focuses for redevelopment and revitalization. Many people who want to live in the heart of downtown Indianapolis can't because the pricing has gotten so expensive. The best alternative is to live in one of the adjoining neighborhoods about 5 minutes from downtown where the prices are more reasonable but you are still close to all of the downtown attractions and activities.

If you would like to know more since I am an investor in the area, send me a PM. Happy to speak with you.

Happy Investing!