We strive to get your investment rented quickly, but feel it is important to get the RIGHT resident versus the FAST resident! Spending time up front and finding the BEST resident for your rental creates a good experience all around, versus one that is stressful and frustrating.
Every single resident goes through the same approval process. All residents must meet a specific amount of income for each property. We verify this with copies of paystubs and verification from employers. We do an extensive background check. We use Doxpop to check for any court records on prospective residents. We also do extensive rental history verification. We don’t just take the resident’s word for it. We look up the resident's previous addresses and contact previous owners for feedback on what type of resident they were.
Oftentimes people think they just need to do a quick credit check and verify employment but there’s more to it than that. Our high quality resident screening process digs deeper. We gather extensive information on the following:
- Credit check
- Employment verification
- Debt to income ratios
- Eviction history check
- Criminal history check
- Previous landlord calls
Our screening process is not just based on a credit score only - we take a comprehensive look at the overall applicant. This process has proven to be extremely successful.
Indianapolis Property Management Services – A Wise Investment
Too many people get into the rental property market as a means to grow their investment money thinking it’ll be a passive investment. It’s a good decision for the most part, as property values tend to increase over time no matter where you are and the rent payments almost make this investment self-funding. However, what appears to be a perfect plan on paper often turns out to be anything but in reality. residents create management situations, whether they are good or not so good, and rental properties take time to maintain, even if they’re relatively new.
Unfortunately, a lot of rental property investors do not go ahead and hire Indianapolis property management services because they think it’d be too costly. In most situations, this thinking is misguided. As you’ll see below, CRM Properties can help you understand the full value of your rental property such that it’s quite possible that you can charge more in rent than you would have otherwise. Given that potential, it’s also quite possible that this extra rent revenue will help to pay for your property management in Indianapolis. Once again, you’ve achieved a largely self-funding model.