All Forum Posts by: Kelly Votolato

Hi Jason, my email is kelly@tesoropropertygroup. com. Let’s connect there. 

Hi, I’m a real estate investor in Bloomington. I own several student rental houses, and I’m appalled that you are dealing with those conditions. Make sure to take lots of photos of all the areas with mold, and have the moisture readings documented from your environmental inspection company. I’d consult a lawyer before you sign anything. Also, IU has student advocates you can talk to about housing issues like this, and you should also contact HAND. HAND is bloomington housing and neighborhood development. They are the ones who do inspections for landlords to get a permit to be able to lease their property. Mold is a clear HAND inspection violation, and they can help you in dealing with the landlord/mgmt company. 

Hi Jason, I’m a local investor in Bloomington Indiana. I own several single family properties that are a mix of student rentals and workforce housing. I’m currently looking to purchase an apartment building with my partner. What interests you about the Bloomington market? 

Hi Jason, I recommend Olympus Properties or Sarge Rentals for dull service property management in Bloomington. 

Hi Jason, I’m a local investor in Bloomington and I’d agree with your assessment of where to avoid buying if you don’t want a student rental. I do disagree with the statement that the south side has a lot of homeless people. Specifically, there is about a .5 mile radius around the homeless shelter on south walnut st that I tend to avoid because there are a lot of homeless people. However, that is also within the “student rental” area so it sounds like you won’t be looking there anyway. Anything south of hillside is going to be stable, not a lot of homeless people there. I have a fourplex and a triplex both south of hillside and doing well with non-student tenants. I also have several student rentals as well closer to campus and downtown so I’m familiar with both strategies. And you’re right about the hospital going in on the east side. That is set to open in 2021 and construction has been moving right along on it. There will be more demand for housing on the east side once that opens. 

By the way, I have a cash flowing triplex for sale if you're interested, send me a message. Income is 3200/month with NOI at 25k (7 cap) (with property management) and 29k (7.8 cap)(self managed). Asking $370k

@Jon Schwartz I have a renovated, cashflowing triplex available in Bloomington with no occupancy permit/inspections required since its just outside of HAND jurisdiction. This is a stable property with every major component renovated this year. Cashflow $430/month (or more if you put more than 25% down) with full service property management! Message me for more information!

Also, my triplex is located outside of Housing and Neighborhood Development (HAND) jurisdiction in Bloomington, while still being within city limits. No occupancy permits or inspections required! 

Hi, Olympus Properties is a great management company. I have a renovated cashflowing triplex available in Bloomington if you're looking for additional properties. 

Hi, we meet the third Monday of the month at 7pm. Pre covid we were meeting at Crazyhorse, but weve been meeting virtually for a few months. Join the fb group to get the latest on the next meeting. Bloomington Indiana real estate investors 

Hi Jim, I moved to Bloomington about 7 years ago from the Boston area. I’m primarily a buy and hold investor with a portfolio of single family and small multifamily units (10 units currently). I’m happy to chat about the Bloomington market anytime.