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WILMOTH Blogs

The Rental Owner's Duty To Avoid Foreclosure

About ten years ago we frequently learned one of our owners was in default. The owner was collecting the rent proceeds and not paying their mortgage payment. Fortunately, this issue is not as common today.  Occasionally it does still occur and the problems created caused us to take action.  It is recommended that a well […]

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Guide To Lawn Care For Indianapolis Property Management

Owners who rent their properties are faced with several related issues when it comes to lawn care.  No one rule can cover all property types.  Determining what are reasonable tenant requirements begins with considering the property type, the building and its outbuildings or storage, and the likely tenant who will live in the property.  The […]

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West Indianapolis

West Indianapolis [/et_pb_text][et_pb_text admin_label="Text-West Indianapolis" _builder_version="3.19.15" background_size="initial" background_position="top_left" background_repeat="repeat"] West Indianapolis has been a family-friendly, blue-collar neighborhood since it was incorporated in 1897. Developed to house workers from the nearby Belt Line Railroad and Union Stockyards. WI’s working class tradition is alive and well today. Eli Lilly, Ingredion, IPL, Rolls Royce and Vertellus all call […]

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WILMOTH Rental Owner Statement

The Rental owner statement report shows a summary of 'money in, money out' by way of asset (current and fixed), income, expense, liability and equity transactions for a period of time, by rental owner.   To see a sample of this statement to use as you read this article download it now How To Use The Rental […]

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Damages Judgment- How To Decide To Pursue One

A few months ago, we posted a "Pay or Quit" notice to a tenant who had fallen behind and now owed over four figures.  This is the second step in our collection process.  It falls after communications and requests for payments, and before evictions and a damages judgment.  After posting we received an email that […]

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Owner's Distribution Schedule

When you own investment rental property, your returns are measured in cash flow and appreciation. WILMOTH will provide management services with a goal of providing the owner regular, dependable, cash flow.   How do we provide cash flow maintenance?  With documented and reliable systems. Cash flow is generated from rent.  Rent is paid by tenants.  WILMOTH […]

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Fishers IN RE Investment

Fishers The City of Fishers is a suburb of Indianapolis, Indiana, located in Hamilton County and was named #1 Place to Live in the US by Money Magazine in 2017.  Fishers is known as a smart, vibrant, and entrepreneurial city through its neighborhood development, dedication to supporting high-growth companies, and innovative city processes. With a […]

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Are your Homes Ready For Winter?

As an investor, every year you need to ask if your homes are ready for winter.  Particularly the vacant ones.  The harsh winter cold and potential for snowfall can wreak havoc on even the nicest properties.  For weeks we have all been saying "no way we have another winter like last..right"?  Now, after a few early […]

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Working With HOA Rules To Maximize Rental Opportunity

If you own a residential property located in a community with a Homeowners Association (HOA) there are restrictions on what you can and cannot do with your property.  Before deciding to convert that property to a rental,  you need to understand the rules.  Likewise, if you are considering investing in a community it is also […]

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How To Avoid Rental Scams By Fake Landlords

Lets say you found the perfect new home.  Congratulations!  The party renting the home wants a security deposit and rent to hold the home.   Things are happening fast..probably way too fast.  Before giving anyone money when renting a home here is a checklist of things to do to make sure you are not the victim […]

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