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WILMOTH Blogs

Rumors and Psychologically Affected Property

Do you really need to know everything about a property you are purchasing or renting? Many tenants don't think about the issue of a psychologically affected property until they hear a rumor. There is a broad set of circumstances that define these properties but in many cases, the facts may be different than the rumors. […]

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How Tenants With Service Animals Are Protected With Fair Housing Laws

You may be surprised to learn that having a pet may be protected under the Fair Housing laws. Some owners of private property believe they can create a “no pets” policy and be exclusive of all owners of any kind of pet. What happens if an applicant for a home informs the owner or manager they have a “service animal”?

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Holdovers

Should you be concerned about holdovers?  Note...a holdover is not personal property left behind in a vacated unit!  A holdover is a tenant that did not move out when the lease expired.  Most leases convert to a month to month rent in these situations.  Is that enough? Why You Need To Be Concerned About Holdovers […]

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Pets In Rentals

First..full disclosure. Yes..I own pets and have all my life.  So anything stated in this post is not because the writer does not appreciate all the benefits of pet ownership.  This is a simple attempt to discuss the issue of pets in rentals from both a pet owner to a landlords perspective. Like anything, there […]

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Why The Cash on Cash Return Is King

In a previous post we discussed capitalization rates and why they were interesting but not the best measure for the residential investor.  An alternative financial property valuation formula commonly used in real estate investing is the return on cash invested.  Called the Cash on Cash return (CoC), and the case for its use is a […]

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Three Ways To Give A Notice and Why You Only Really Need One

  When a tenant needs to be given notice (late payments, evictions, change of manager) there are three different ways to formally provide this notice. While there are arguments for each, when it really gets down to effectiveness there is really one best process.  The problem is..the best process takes more time and presents some […]

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Speedway Indiana

    Speedway is a town in Wayne Township and a part of Marion County.  The community is part of the Indianapolis metropolitan area and home to the world famous Indianapolis Motor Speedway. Speedway was originally founded in 1912 as a residential suburb named after the new Motor Speedway facility.  It is an American example […]

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Military Service Provides Unique Housing Rights

We recently started managing a new property.  The owner had lost his tenant and really was not clear how.  The tenant was an Army serviceman and was in active reserve.  The tenant had been called back into service and needed to immediately relocate.  The owner, a very respectful and honest person, allowed the tenant to […]

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Cap Rates In Residential Investing

A regular question asked by investors regarding a property is "what about the cap rate?"  Capitalization (cap) rates are an interesting financial measurement that provide a measure of return for a property and its valuation. While some residential investors spend time wondering about the cap rate of an investment, it is probably not the best […]

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Landlords Duty To Provide Safe Premises

Tenants have every reason to place their safety high on the list of things important to them when looking for a new home. There are location factors a landlord can't control but that does not limit their responsibility to their tenants. A landlord has a duty to provide safe premises. There are things about their […]

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