The Red Door Blog
Market reports, owner guidance, and tenant resources from the Red Door team.
Tenant Resources
Tenant vs. Landlord Responsibilities for Utilities
Your main job as an Indianapolis landlord is to provide a safe, habitable, and pleasant home for the tenants who are paying to rent it. Those tenants are responsible for paying rent, keeping the property in good shape, and communicating with you when maintenance is required.
Market Reports
Upgrades to Maximize Your Rental Income
When you’re interested in earning more rent and keeping your property competitive in an active Indianapolis rental market, you may want to consider making some cost-effective upgrades and improvements. Keeping your rental home modern and attractive to high quality tenants will ensure it’s rented quickly, and for the most amount of money.
Market Reports
How to Spot a Profitable Noblesville Rental Investment
Whether you’re making your first Noblesville real estate investment or you’re adding to a growing portfolio, the rental market provides a lot of options. You can buy a single-family home in an HOA community or a multi-family property with high occupancy rates in a perfect location.
Investment Strategy
6 Signs It's Time to Switch Property Management Companies
Switching your Indianapolis property management company may seem like too much of a hassle, but the success of your investment portfolio and your rental properties may be worth that hassle.
Tenant Resources
Top 5 Things Tenants Look for in a Rental Property
Indianapolis tenants have grown more sophisticated over the years. Thanks to technology and an abundance of information being available to anyone searching for it, they’re more educated about what they’re looking for in a home.
Tenant Resources
What Noblesville Owners Should Know About Deposits
Compared to many other states, Indiana is fairly relaxed when it comes to security deposit laws. There’s no limit on how much you can collect, there are no instructions about where to hold the deposit, and you don’t have to conduct a walk-through with your tenant before the move-out.
Landlord Tips
Job Relocation: Why You Should Rent Out Your Home
When you move out of Indianapolis to start a new job or you get transferred elsewhere to do the same job, one of the questions you may be asking yourself is - what about my house?
Investment Strategy
Ready to Add More Rentals to Your Portfolio?
Smart real estate investors are always thinking about both long term and short term financial goals. If you don’t have established goals and a clear strategy for achieving those goals, you’re not going to know how to look for the right opportunities and where you should buy your next rental home.
Investment Strategy
Accounting Practices to Maximize Your Rental ROI
Even if you work with a professional CPA or tax advisor, managing your accounting and bookkeeping as a rental property owner can sometimes be a challenge. While most owners understand the importance of documenting income and expenses, putting a system together that helps you analyze your investment performance isn’t always easy.
Tenant Resources
What to Expect From a Property Management Company
Every real estate investor looking for an Indianapolis property management company should have high expectations. You’re looking for an industry expert and a local leader who can help your property perform better. This means higher income, less risk, and better tenants.
Property Maintenance
Why Investors Hire Red Door to Manage Their Rentals
At Red Door Property Management, we’ve been involved in the local real estate industry for more than 20 years. We began to focus on property management in 2008 because we believed in a higher standard for the investors and owners who were looking for experienced professionals to lease, manage, and maintain their rental properties.
Market Reports
Indianapolis Rental Property Market: 2021 Forecast
Good news for anyone thinking about investing in the Indianapolis real estate market. Forbes has recently called it out as one of the best housing markets for 2021. It’s easy to understand why. Properties are still affordable, especially when you compare this market to larger Midwest cities, and investors can expect to earn some potentially impressive returns in both the short and long term.