Top City Searches in Indiana
Indiana: The Hoosier
Located in the Great Lakes region of the United States, Indiana has an estimated population of 6,785,528 residents. Indianapolis serves as the capital city of Indiana as well as its largest. Sports plays a prominent role in the culture of Indiana. The state is home to a number of major sports teams, including the Indiana Pacers (NBA) and the Indianapolis Colts (NFL). It is also widely known for hosting the Indy 500.
Indiana also has a vibrant arts and culture scene. There are several museums that call the Hoosier State home, such as the Children's Museum of Indianapolis
, the Indiana State Museum
, Eiteljorg Museum
, the Indianapolis Museum of Art
, and the Indianapolis Motor Speedway Museum
. Performing arts companies that operate in Indiana include the Actors Theatre of Indiana
, the Indianapolis Ballet
, and the Indianapolis Opera
Aside from that, Indiana also hosts a wide array of festivals and events. The Circus City Festival, the Bean Blossom Bluegrass Festival, the Indiana State Fair, and the Three Rivers Festival are only a few that come to mind. Colleges and universities located in Indiana include Indiana University
, Indiana State University
, Purdue University
, the University of Notre Dame
, and Ivy Tech Community College of Indiana
Other attractions include the Indiana Dunes National Park
, the Indianapolis Zoo
, Brown County State Park
, Turkey Run State Park
, and Conner Prairie
Analyzing Indiana's Rental Market
It is a good time to invest in real estate in Indiana. Home prices are dropping, and rent is going up. The median home sale price
in Hoosier State is $154,900, which represents a 13.9% drop year-over-year. Indiana also has a sizable renter population. In fact, 30.9% of the state's residents rent their homes.
Image via towncharts.com
In addition to this, landlords stand to earn decent returns in Indiana. The median rent in 2019 was $840, and rent has been increasing since 2012. The state also boasts a reasonable vacancy rate. In 2019, the vacancy rate in Indiana was 6.89%, which is only a little over the 5.97% national rate.
Image via deptofnumbers.com
The laws in Indiana also tend to favor landlords over tenants. There is very little tolerance for nonpayment of rent, and eviction proceedings are relatively easier here.
Why You Need Indiana Property Management Services
A property management company can help landlords with a variety of tasks. This includes looking for and screening tenants, setting and collecting rent, conducting inspections, managing maintenance and repairs, enforcing the lease terms, and responding to tenant concerns. A management company can also assist with the preparation of their taxes, budget management, and eviction processes if needed.
How do you know it's time to hire an Indiana rental management company?
- There are too many rental properties under your care that you're having a hard time juggling them simultaneously.
- The location of your rental property is far from where you reside.
- You lack time to dedicate to property management.
- You don't have the required skills or experience to successfully manage your rental property.
- Rental management does not interest you.
Find Expert Property Management in Indiana
Do you own a rental home in Indiana? Rental Choice is the leading resource for rental property owners across the United States. We help landlords by making it extremely easy to connect with the most dependable property management companies in their area. We understand the challenges you face as a rental property owner.
Here at Rental Choice, we know that you don't have time to waste when searching for property management. That's why we designed our online directory
to allow searches by city, zip code, and state.