Many real estate investors, and I mean tens of thousands of investors, operate without a license. For many years now, at least in Indiana, there has been tension between the investment community and realtors (now called brokers). That tension increased years ago, as the market suffered through the “Great Recession,” and it was tough to […]
Big Changes to the Marion County Small Claims Courts in 2015
Small Claims Courts becoming “courts of record” in 2018. Beginning July 1, 2018, the Marion County Small Claims Courts will become courts of record. A court of record is a trial court in which a court reporter or clerk takes down a record of proceedings. In the past, the Marion County Small Claims Courts have […]
ATTENTION LANDLORDS: The Indianapolis Landlord Registration Program is here and it is mandatory!
ATTENTION LANDLORDS AND PROPERTY MANAGERS: There is a new law that went into effect January 1, 2015 in Marion County / Indianapolis: The Indianapolis Landlord Registration Program. Beginning January 1, 2015, all owners or landlords of residential rental units in Indianapolis must register their properties with the Indianapolis Department of Code Enforcement. Here are helpful […]
This Landlord is a Scrooge (But Also Within His Rights)
There’s a landlord in Central, a small town in South Carolina, who is threatening to evict or double the rent on the wife of a U.S. soldier. The soldier is Army Sgt. William Bolt who has returned home for the holidays to be with his wife and their newborn baby, who live in an apartment […]
5 Things Every Real Estate Investor Should Do to Start 2015
This list is certainly not exhaustive, but it’s a good start for investors wanting to make more profits and reduce liability risks. In no particular order, below are five things you should do in December 2014, in order to make 2015 your best investor year ever. #1 Review Your Business Plan Don’t have a business […]
Lease-Options & Land Contracts [PART 6]: List of Important Documents
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. The following is a short document checklist, which a landlord/seller may find useful in lease-option transactions: Lease Application Credit Reports/Tenant Screening Reports Employment […]
Lease-Options & Land Contracts [PART 5]: Exit Strategies
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. Exit Strategies and Credit Problems The transaction documents should describe what will happen if the tenant defaults on the lease, fails to exercise the […]
Lease-Options & Land Contracts [PART 4]: Important Deal Terms
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. The Length of the Option Term/Period You need to give your tenant time to repair her credit and obtain financing. That takes 12 months […]
Lease-Options & Land Contracts [PART 3]: The Right Tenant. The Right Property.
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. The Tenant/Buyer Should Be Better Than The Typical Tenant The tenant/buyer should be more credit-worthy than a typical tenant and should have a strong […]
Lease-Options & Land Contracts [PART 2]: Two Transactions, Not One
This article is part of a larger collection of articles that has been combined into an e-Book. Click here for the full e-Book on Lease-Options & Land Contracts in Indiana. A “lease-option” is actually two transactions occurring at or near the same time between the same parties. The first is the execution of a […]