Wilmoth Property Services
Since 1991, specializing in working with property owners discovering creative real estate solutions throughout the Indianapolis metropolitan area.
Fort Wayne has 263,886 residents, making it the second-most populous city in Indiana. It serves as the county seat of Allen County. The city is known for its defense industry, which plays a significant role in its booming economy.
Fort Wayne also has a thriving arts and culture scene. The city’s cultural district is home to several attractions such as the Fort Wayne Museum of Art, the Hall Community Arts Center, and the Auer Center for Arts and Culture. The Arts United Center, also located in the cultural district, houses performing arts companies like the Fort Wayne Ballet and the Fort Wayne Civic Theater.
Additionally, Fort Wayne hosts a number of events throughout the year. Some events, like Germanfest and the Japanese Cherry Blossom Festival, commemorate other cultures and ethnicities. Other events, like the Fort4Fitness, focus on health and fitness. Some of the city’s largest festivals, though, include the Johnny Appleseed Festival, the Three Rivers Festival, and Taste of the Arts.
Property investors would do well to consider Fort Wayne. The median listing price for a home in this city is $132,000, which is 42% below the national median. While there are a lot of homeowners in Fort Wayne, there are also many renters. In fact, renters make up about 38% of the city’s population.
Image via towncharts.com
In addition to this, landlords can also charge a fairly high rental rate in Fort Wayne. The average rent in this city is $918, which represents a 12% year-over-year change. Although only 1% of apartments command rents above $2,000, 30% fall between the $1,001 to $2,000 range. Another 44% fall between the $701 to $1,000 range.
Image via rentcafe.com
Indiana is also a good place for landlords. The state is quite landlord-friendly, with laws designed to protect the rights of property owners. All in all, Fort Wayne offers decent returns and a fair amount of wiggle room for landlords.
Fort Wayne definitely appeals to investors looking to capitalize on rental properties. Managing a rental home or unit, though, is not as easy as it seems. More often than not, landlords simply lack the time or knowledge to manage their rentals successfully. They may also live far from their rental property or generally don’t have an interest in hands-on management.
This is where a Fort Wayne rental management company can help. A company can assign a property manager to take care of your rental home or unit. From finding tenants to collecting rent, property managers can do it all. What are the things a property management company or manager can do for you?
Fort Wayne is a big city, so it can be hard to find a property management company. Most of the search process nowadays is done online, and Rental Choice recognizes this need. Our online directory features reputable property management companies you can filter according to your city or state. Start looking for the best one today!