real estate market
February 3, 2015
Each landlord we work with has a unique problem—filling their rental vacancy. On the surface, It may seem like a unique problem to only this industry. But when you apply business topology, the problem becomes quite common. In fact, there are at least 3 other industries who have almost the exact same problem. Unsold inventory. Billboards, hotels, and airlines all HATE unsold inventory because the moment when time passes, it is utterly worthless. As soon as the date changes on a hotel room with vacancies, that hotel cannot make up the lost profit. Same with the radio station with unsold advertising slots for radio commercials. Same for airliners that taxi and take off with seats missing rear ends sitting in them. Same for landlords. Which is why we are a strong proponent of aggressive and early marketing of properties with vacancies coming up soon. Think about the math here…. If you rent a […]
August 24, 2015
August 24, 2015 Today’s New York Stock Exchange activity was historical. Ouch. We may be in for continued volatility for the near term in the equity markets, which reminds me of how this relates to your rental properties… When I speak with new potential clients, the conversation usually goes something like this…. Property Owner: “I’d like to rent out my house, but I need to get at least $1500 a month because we bought it at the height of the market in 2008 and owe too much on the mortgage still to sell it. Can we get that amount for the house?” Me: “Well, according to the market comps and the demand for your house, I don’t think we can get anything higher than $1300 a month.” Property Owner: “But you don’t understand. I NEED $1500 a month in rent.” Me: “I certainly appreciate your needing to maximize the revenue […]
May 25, 2016
Good afternoon, everyone! We’ve updated our monthly market report for Indianapolis and all the surrounding areas. Click the link below for all the April 2016 stats! Dan Baldini Rental Stats 2016 Indianapolis markets
May 31, 2016
Times they are a changin’……again. A new study by Pew Research Center shows that young people are choosing to live with their parents in a higher amount than ever before in modern history….even higher than living with a romantic partner. Why the change? Pew researchers suggest several factors, including declining employment among young men in recent decades and lingering effects of the recession. But the researchers said that the chief reason is a “dramatic drop in the share of young Americans who are choosing to settle down romantically before age 35” either with a spouse or a partner. “Forming a new family is not nearly as important as it was for young adults,” said Richard Fry, a senior researcher with Pew, a nonpartisan think tank that conducts public-opinion polling, and does demographic research. So what does this mean for Landlords and Investors? It could mean the following: Your rental properties with a target demographic of this age group may be tougher to fill due to financial constraints of the tenants moving out of […]
June 7, 2016
The rental market for the month of May was a busy one with brisk leasing activity and a lower Days On Market (“DOM”) for most market areas, but not all market areas. Here’s the full report: Indy Rental Stats May 2016 Happy Investing!
July 30, 2016
NPR just posted this short recording clip containing some new conclusions on Rental Rates and, more importantly, Tenant Behavioral patterns. Take a listen as it’s music to your ears as a Landlord and Real Estate Investor. It’s barely 4 minutes long but it’s jam packed with nuggets of knowledge. The retirement to the beach just got a lot closer, folks. If you are not aware of what your portfolio pricing should be, please get aware. Golden opportunities like this don’t come around often in investing cycles. Here’s the link: http://www.npr.org/player/embed/487470787/487522888?sf31908941=1 Your Financial Freedom awaits….