Tenants

October 2, 2015

Millenials ARE INDEED moving to suburbs….and the impact on mass transit plans

Over the past few years, State and city officials have been GaGa over introducing enormous plans for mass transit to Indiana and Indianapolis, specifically.  The  most recent projections I’ve read include the estimate of approximately $1.1 Billion over the next 10 years. The urgency behind such a huge undertaking?  The theory that Millennials aren’t moving to the suburbs, but only want urban areas to reside and they demand mass transit, otherwise they will not relocate to Indy. In other words, it’s about trying to attract them to Indianapolis for high paying jobs. Uhhh…..only one small tiny problem with their hypothesis:  they have zero quantitative data about this projected human behavior pattern on which they are gambling tax payer money. Today’s Wall Street Journal doesn’t help their argument either.  Case in point:  Millennials are the FASTEST GROWING class of car buyers.  Here’s the entire article: Somehow, their choo-choo train idea seems to […]
July 26, 2015

Top 7 reasons why Tenants lose Security Deposit money

There’s an old Landlord saying…. If it wasn’t for the dealing with Tenants and property maintenance, Landlording would be Easy! If you’ve been a Landlord for more than 2 months, you’re silently nodding your head acknowledging the above with a smirk.  It’s OK.  Everyone does it, too. You also know that, as required by State law, you are required to send the outbound tenant a letter accounting for deductions to their security deposit. With this in mind, here’s the Top 7 reasons why tenants frequently see deductions made from their security deposit funds: 1.  Light Bulbs.   If your lease document does not require the tenant to replace burned out light bulbs in your property, you are literally throwing money out the window.  When our management company moves in a new Tenant, all the light bulbs are confirmed to be working and in good condition via photographs in our extensive […]