All Forum Posts by: Ruoqi Tian

Kris,

Indy is a great market for investing in real estate. Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.

From my experience, it's possible to find deals that meet 1% rule if you invest in *turn-key* duplex or SFH here, but they are harder to find, and could potentially slow down you from scaling up. If you are familiar with BRRRR strategy, I believe it's a better way to go here in Indy. I am a software engineer so I prioritize partnering with the right team to execute every steps of investing. I can say you and I are probably in similar shoes.

Currently I am working on 2 single family homes with this strategy, with the help of my realtor and mentor,Gloria N Gear. Feel free to DM me or Gloria if you have any question!

Raquel,

I'd like to welcome you back in Indy. Having lived in IN for 8 years before moving to Austin TX, I believe this city offers great opportunity now and much potential. Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost. All of these factors make the city a great place for BRRRR investing - so good that I started investing here remotely from Texas. Currently I am working on 2 single family homes, with the help of my realtor and mentor, Gloria N Gear. Feel free to DM me or Gloria if you have any question!

Absolutely. I use it to manage my MTR and is working great. Here is my flow: Furnished Finder to generate leads and manage calendars-> BP state-specific leases + DocuSign for lease signings -> RentRedi for the rest (payments and reminders, maintenance requests, etc.)

I have no problem with RentRedi. It's free with BP-pro, and offers phone apps for both landlords and tenants.

Good luck,

Ruoqi 

Greetings from Austin! Here are the simple steps I took for my first lease as landlord:

1. Download the TX state-specific leases from BP (I had to enroll in the annual pro plan to access it. there are promo codes)

2. Pre-fill the fillable pdf version. Sign landlord name digitally and save the copy.

3. Sign up for DocuSign basic plan. Upload the lease into the tool, and insert initial and signature blocks in place.

4. Share the DocuSign package with the tenant using their email. They will automatically receive their signed copy once they complete.

Another option is to hire a property manager who can handle the under writing of the lease and addendum. Make sure to learn how they do the underwriting when they share these docs with you.

Good luck.