Option 1; Full Service Property Management.

• After inspecting a your property; we offer suggestions as to pricing, marketing and staging.

• We advertise the property’s availability and features.

Advertising includes yard signs, Multiple Listing Service, Internet, newspapers, networking and word of mouth.

 

• We show the property and screen potential tenants.
  • We enter into a lease with the tenant.

  Our standard lease is VERY strong and offers exceptional protection to homeowners from liability and from undesirable tenants. 
   

  • We collect rents from the tenant and forward proceeds to the owner.

   

  • If needed; we send late and eviction notices. We will initiate legal action against tenants on behalf of the homeowner.

   

  • We can coordinate repairs or forward maintenance requests to the homeowner. We have a number if independent contractors who offer preferential pricing and excellent quality services to Indiana Realty Group Network property owners.

   

  • We provide year-end statements to property owners for each property.

   

  Property Management Fees:
   

  
  Our fees for full service property management are economical, especially when compared to other local property management firms.

   

  Standard property management fees for the Indianapolis are 10% of the rental amount.

   

  Many firms continue to charge this fee even when the property is vacant. They also charge additional advertising and re-leasing fees each time the property becomes vacant.

   

  We receive 10% of rents received as a commission. If  the unit is vacant or rents not received, we do not earn a fee.

   

  There is a  $350 Marketing fee paid up front for advertising and marketing of property for each new tenant.

   

  There is a one time $100  set up fee that may be paid from the first months rent when received.  .

   
  
  Fees may be negotiable for property owners with multiple properties or in exceptional cases.

   

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  Option 2; “Rent and Return”

   

  Under this option, we perform all of the services above from initial consultation, up to the point of entering into a lease on behalf of the owner. At that point the management of the property is returned to the property owner.

   

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  Our fee for option 2 is a setup fee of $100 up front and the first month rent on a year lease.

   

  Fees may be negotiable for property owners with multiple properties.

   

   

  Option 3;  Services

   

  As a community service and in order to establish new business relationships; we offer several free or at cost services.

   

  • We can offer stock rental forms to property owners.  

                (We are not attorneys and cannot offer legal advice or documents. Any forms we offer are for

                 example only.) 
     

    • For those investors that prefer to manage their own properties, we offer a tenant credit and public records checks. Our current cost is $34.95 for each person.

              Please contact us prior to submitting applications for screening .

     

     

   

          Tenant screening is the MOST critical point in property management. We always do our

          best to eliminate questionable applicants. Screening includes credit and public records,

          previous rental history, verification of income & employment, personal references and our

          personal impressions of prospective tenants.