Subject: Do You Have A Vacant Rental Needing Repairs?

WILMOTH Updates
A quick reference for residential investors from WILMOTH Group. Providing creative solutions, strategy, services and support in the residential investment community since 1994. 
Happy Thanksgiving Week In The USA!

Where does the time go?  Suddenly we are in the holiday season.  With that we celebrate a very American holiday this coming week.  Thursday is Thanksgiving and Friday is unofficially labeled Black Friday.  On Thursday we feast with family.  Friday used to be the biggest shopping day of the year.  Before on-line shopping became a thing.  Now Friday is a day celebrated in many different ways.  

We want you to know that our office staff will be rewarded with Thursday and Friday off work this coming week.  Our customer service mailboxes will remain opened and monitored for emergency requests.  Our 24/7 maintenance will also still be functioning.  We do want our team to have the ability to enjoy the holiday while continuing to serve your tenant's needs and protecting your properties.  

Eviction Diversion Meets With Few Participants

Challenges continue in possession cases in certain courts across Indiana.  Are these Judges  following the lead of the Indiana Supreme Court?  The Supreme Court ordered an eviction diversion program be started effective November 1.  Using federal funding, the local court is required to advise tenants and landlords at the first hearing of any possession (eviction) case about the mediation program.  

This program facilitates landlords and tenants sitting down at a table and working out their differences. And the landlord committing to not take further legal action for 90 days after the facilitation.  

Tenants think this is a great idea.  So do all of their advocates.  Housing providers are not surprised to see that in the first week of this program there were only 8 cases (of 331 requested by tenants) where a housing provider or their representative agreed to participate.  

The majority of all possession filings are simply cases where the tenant is refusing to make any payments.  Or have disappeared.  If a tenant will communicate with us, and make regular payments, we give them a pretty long rope.  I confirmed this week with our attorney that is exactly what she is also seeing.  Housing providers and their representatives do not wish to evict people.  It is the very last step.   Why would anyone agree to a mediation after the tenant fails to make payments or communicate for months?

The concern now is the tenant lawyers are asking the Supreme Court to make this facilitation mandatory.  In our opinion, this would amount to an over-step of authority and not acceptable in a State we still believe to be a reasonable place to do business. 

Happy Holidays!

WILMOTH Team

This 3 Step Process Simplifies Rental Rehab Decisions
At some point, you are going to be faced with rental rehab decisions.  It may be converting the home where you live to  a rental.  Or you already rent and the turnover of tenants forces decisions.   You will be faced with considering what repairs, improvements, or maintenance will best help to bring the highest dollar rent.  The list and its potential ROI (return on investment) should be considered in respect to the current market reality.  For example, if the tenant can go next door and rent for $50 less per month; your brand new blinds and towel bars are probably not going to encourage them to select your home and pay more.  Renters are making short-term decisions that are often as simple as function versus price.

The following three-step process is one we have used for over 20 years to simplify rental rehab decisions for non-occupant owners.

Why WILMOTH?
24-7 Home Protection

Tenants are provided a toll free number to call in case of any after-hours emergencies. This number is answered by trained property managers with detailed instructions as to how to service all tenant emergencies.  Learn More!
Did You Know?
WILMOTH helps investors with much more than just property management. If you are looking to grow your portfolio, we are your partner in the acquisition process. Take advantage of our market expertise and knowledge of off-market offerings to find the next gem for your portfolio.  Learn More   
Get In Touch!
Questions?  Own a property that is just not performing?  Ready to increase your portfolio?  Or just want to discuss anything?  Let us know and we will get right back to you!

WILMOTH Group
Residential Real Estate
Property Management | Brokerage | Investor Services
Plus many more services and features to make your leasing and management experience simple and your cash flow maximized!
View this email online if it doesn't display correctly
WILMOTH Group, 9855 Crosspoint Blvd. Suite 148, Indianapolis, Indiana 46256, United States
You may unsubscribe or change your contact details at any time.