Indianapolis Property Management Pricing

Owners with 3 or more doors qualify for Red Door's investor pricing of 8% monthly management.

The New Lease Fee is $995 and is charged each time Red Door places a new tenant, once per tenant turnover — it is not a one-time fee. It covers the full placement process: marketing your property, coordinating showings, screening tenants, preparing and signing the new lease, performing a move-in inspection, and collecting the first rent payment and security deposit.

The Lease Renewal Fee is charged when a tenant renews. It supports renewal review, rental rate evaluation, lease documentation, and renewal coordination.

Full-service management includes ongoing monthly management after the tenant moves in. Tenant placement only is for owners who want Red Door to find and place a qualified tenant, but plan to self-manage after move-in.

The monthly management fee supports Red Door's ongoing management process, including rent collection, tenant communication, lease enforcement, owner statements, maintenance coordination, renewal coordination, move-out coordination, and owner portal access.

Management fees are only one part of the financial picture. Vacancy, underpricing, turnover, poor maintenance coordination, weak screening, and owner time can create costs that are easy to overlook when comparing management options.

No. The calculator is designed to compare monthly management cost against common hidden risks. Lease fees, inspection fees, and maintenance coordination fees are disclosed elsewhere on this page so owners can review them separately.

Red Door uses rental pricing guidance, market readiness recommendations, professional marketing, listing syndication, self-guided showing technology, lead follow-up, and tenant screening to help position the property and reduce avoidable vacancy time.

A documented maintenance process helps route requests, troubleshoot before dispatch when appropriate, coordinate vendors, respond to emergencies, and maintain clearer records for owners and residents.

Yes. Red Door provides rental pricing guidance based on the property, market conditions, and leasing activity. The goal is to avoid leaving money on the table while also reducing the risk of extended vacancy from overpricing.

With full-service management, Red Door continues managing the property after move-in. With tenant placement only, Red Door handles the leasing process and the owner takes over management after the tenant is placed.

Yes. If you want to talk through pricing, services, or whether Red Door is the right fit for your property, you can schedule a quick phone call with our team before requesting a full rental analysis.

In Indianapolis, full-service property management typically costs 8% to 12% of the monthly rent. Red Door charges 9% of monthly collected rent — 8% for investors with 3 or more doors, a $995 new lease fee once per new tenant placement, and a $350 fee when a tenant renews. You pay no management fee while your property is vacant. Because some companies advertise a low rate but add separate charges, the full fee breakdown is published on this page so you can compare the complete cost, not just the headline number.

No. Red Door discloses every fee up front. Beyond the 9% monthly management fee (8% for investors with 3 or more doors), the charges are: a $995 new lease fee each time we place a tenant (once per tenant turnover), a $350 lease renewal fee, a $9/month Utility Protection Program, a $195 annual inspection, a $145 pre-renewal or pre-move-out inspection, and $25 per maintenance coordination request. Properties that are already tenant-occupied when onboarded have a one-time $250 tenant-occupied onboarding fee. There is no fee while your property is vacant, and marketing, photos, video, and showing technology are included at no extra charge. If a fee isn't listed on this page, we don't charge it.

The New Lease Fee is $995 and is charged each time Red Door places a new tenant, once per tenant turnover. It covers marketing your property, coordinating showings, screening tenants, preparing and signing the new lease, performing a move-in inspection, and collecting the first rent payment and security deposit.

Red Door does not charge a setup fee for vacant properties that are newly onboarded — that onboarding is covered within the leasing fee. For properties that are already tenant-occupied at onboarding, there is a one-time $250 tenant-occupied onboarding fee.

The Utility Protection Program is a $9/month service that protects your investment from both the physical damage of utility disconnections and the financial burden of unpaid tenant bills. Because the accounts stay in Red Door's name throughout our management of the home, Red Door assumes 100% of the financial risk if a tenant fails to pay or moves out with a balance, eliminates the risk of dropped utilities during vacancies and turnovers, and drastically reduces the chance of winter pipe bursts, HVAC damage, and water heater issues caused by abrupt power or gas shutoffs.

No. Red Door does not require a long-term cancellation contract, so you are not locked into a fixed term. We also back our service with a 90-Day Money-Back Guarantee — if you change your mind within the first 90 days, we refund the management fees paid during that period.

Red Door does not use cancellation fees to trap owners — the fee exists only to protect the time, marketing, and work invested in getting a property rent-ready and leased. We charge it only when circumstances prevent us from performing the services we were hired to do (for example, a property isn't made rent-ready, the owner won't complete necessary repairs, cleaning, or improvements, the property becomes unavailable or non-compliant, or the owner lists it for sale with another brokerage). We also include a Performance Guarantee Fee Waiver: if we've actively marketed your property for 60 continuous days without securing a qualified tenant application, and you've completed all recommended market-readiness items within a reasonable timeframe, the cancellation fee may be waived.