Indiana Realty Partners works with investors in purchasing properties for flipping and long-term investments (rentals). We are very knowledgeable on rehab costs and what needs to be done to get a place rented verses selling. We work with property owners individually and are happy to provide a customized service.
We charge 9% of all monies collected (except for the security deposit which remains in our escrow account until either refunded to the tenant or transferred to the property owner... if transferred to property owner the 9% commission is collected at that time).
With the 9% fee, we cover just about everything, including:
Indiana Realty Partners has an in house construction company, Midwest Homes, Inc., that we utilize frequently for our property owner needs to control pricing and quality of work. Midwest Homes has been in business for 8 years and provides everything from re-keys & trash-outs to complete home rehabs... they have even built a beautiful home from the ground up! However, if requested, we do utilize outside companies, or if it is more time efficient. Midwest Homes charges by the job and will give the property owner an estimate for any job they perform and they always provide a detailed written estimate for all planned jobs, such as rehab work. With tenant emergencies, we try to get the information to the owner quickly, but sometimes it occurs on weekends/evenings and we are not able to notify owner before work needs to be completed (for example, if the furnace fails during cold months).
Currently, we have an office with seven staff members who are well trained in our property management division. Kendra Dazey or Nikki Martin are the main contacts for property owners in our property management program.