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From The Blog...

April 18, 2017

Surprising things once you retire…..

We’re all racing towards Financial Freedom. Here’s an interesting article by a fella who arrived there early and the 10 things that surprised him once he quit his job. Enjoy and here’s to your pursuit of Financial Freedom! http://www.businessinsider.com/early-retiree-shares-10-things-that-surprised-him-after-he-quit-his-job-2017-4?utm_content=bufferdc7c8&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-ti
April 18, 2017

What if the rental market had a “Correction?”

Here’s the latest rental stats….like previous months, not much of a surprise as the rental market metrics continue to be strong. YTD Rental Stats But what if the rental market in your area had a major correction? How would you survive if the rental prices for your properties dropped by 30%? Do you have sufficient cash reserves to ride out extended vacancy months of 3, 4, even 6 months? Do you know what your Break Even is on each of your rental units? And Here’s the most important question: If you don’t know the answers to these questions, what do you think your mental anxiety will be like and your level of stomach acid will be like when we DO have this correction?  
April 10, 2017

Truths in Property Management

A number of years ago, I went to the Indy 1500 Gun Show with a buddy. He was in the market for a specific rifle; I was looking to buy a .40 caliber pistol. We wandered for two hours among the booths and tables and came upon a re-seller dealer from northern Indiana who was selling almost exclusively Glocks. And they were priced very aggressively. (Side note: If you’ve never been to a gun show, it’s truly one of the bucket experiences to complete, even if you’re not a firearms enthusiast. You have thousands of people walking around buying and selling and trading everything from firearms to ammunition to hunting and camping and survival gear to even jewelry. And every single person is on their best behavior saying,”pardon me” or “I’m sorry” or “excuse me” when they accidentally bump into you. Very polite and well-mannered people.) Anyways, I find a […]
April 7, 2017

Renters Now Rule Half of U.S. Cities

52 out of 100 largest U.S. cities were populated by more renters than homeowners in 2015, according to U.S. Census Bureau data. Think this may, just may, have serious financial implications for landlords, investors, and other stakeholders in these communities and beyond? Uhhhh, Yup. Here’s the full article published 3/23/17 about this trend: http://m.nreionline.com/multifamily/renters-now-rule-half-us-cities?NL=NREI-21&Issue=NREI-21_20170324_NREI-21_750&sfvc4enews=42&cl=article_4&utm_rid=CPG09000005928948&utm_campaign=8879&utm_medium=email&elq2=2497704fe62a40cbac47d1c8bd97e3b9 So, what’s the takeaway for you? We are in the midst of another mega demographic shift, but this time from multiple age groups.  Both baby boomers and Millennials this time around are contributing to this shift. The rental market should stay extremely strong through 2030.  That’s another 13 year bull market run for landlords. Home inventories will remain tight for renters to buy.  This means your renters who will soon become home buyers, will certainly be looking for an option to do an early lease termination.  Smart landlords will have their leases updated to offer this […]
March 20, 2017

YTD Rental Stats

All, Here’s the YTD rental stats for the areas we track in Indianapolis and surrounding communities. 2017 has started off strong with stable pricing, stable DOM, and stable inventories. Indy Rental Stats YTD Stay focused my friends, as I don’t anticipate this staying the status quo into Q3 and Q4. More about those expectations at a later post.  
 

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