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.
The phone call or email or text exchange always happens this time of year. It’s more predictable than what happens if you eat that Free gas station sushi and your digestive system. It always starts out with the landlord-angry-frustrated-pissed off-incredulous-beside themselves after they have sat down with their accountant or CPA and gotten the news about how much in taxes they have to pay on their total income for the past year. They’re heads are about to explode like a Super Nova. Finally the question gets asked to me,”Should I keep renting this house or sell it?” It’s at this point that the serious, logical dialogue starts and it usually covers the full gamut of financial calculations, emotional reasons for each action plan, and finally a projection of the results for each. Ultimately, each landlord has to make that decision themselves. But assembling the critical data to make an informed […]
A few weeks back I wrote about 2017 as a fulcrum year…..if you missed it, here’s the link: http://danbaldini.com/2017/02/20/2017-is-a-fulcrum-year/ Since that post, a few enterprising individuals have emailed or PM’d me asking for more clarification on how they can make 2017 a great year fulcrum year for their rental operation. (Actually, one of my more direct coaching clients comment was,“Baldini–I’ve read your article 3 times now…What the Hell are you talking about?”…….I love it when people are direct.) Here’s what I told them: Move Your Fulcrum Imagine the classic teeter-totter from a playground. It has a long beam with two seats at the ends and a fulcrum in the middle. Well, if there’s a heavy kid on the one end, in order to lift the heavy kid up, you either have to have an equally heavy kid on the other end or use an immense amount of force to push down your […]