Managing Safe, Affordable Housing Profitably for Income Property Investors
Fort Wayne Listings™ is a full service property management company in and around Fort Wayne. We rent residential housing in the greater Fort Wayne area. We have been managing residential homes and multi-family apartments over 30 years and our current inventory of units consists of both single-family houses and apartment buildings of between 2 and 20 units.
Our services include screening tenants, collecting rents, overseeing maintenance and repairs, overseeing payment of bills associated with your property and hiring collection agencies when required.
A Game of Momentum: Long-Term Approach
At Fort Wayne Listings™ we take a long-term approach to managing property. As a result of this thinking we will encourage you to make repairs and improvements that will keep your units competitive and insure that they will still be around for many years to come. This means as an investor you can expect your situation to improve as time goes by. We have often found that a mediocre investment can turn out to be a good investment in the long run.
It is important that you give us flexibility to manage your property according to the expertise our experience has afforded us. The rental market changes constantly, loosely following the ebbs and flows of the general economy (usually as a lagging indicator). It is useless to try to control the market. Rather, we need to study the market to understand what it will bear.
Because of the volume of units we manage, we are able to track the changes occurring in the marketplace. We insist that you allow us to determine market values and set rent rates.
Investing in rental properties, like any other investment, comes with certain risk. Similar to other investments, minimizing risk usually reduces profits, while increasing risk offers the possibility of increased profits. We do our best to minimize your risk while maximizing your profits. We reduce risk by screening tenants through our application process. We check their landlord references and civil and criminal records. We maximize profits by working hard to keep your units occupied. We have learned that keeping rents slightly below market will often increase overall profits because of reduced vacancies.
Good Relationships = Good Business
Maintaining a good relationship with our tenants is another way we can reduce risk and increase profits. We actively endeavor to educate our tenants to be responsible and forthcoming. We request that they inform us of any maintenance issues with their unit and we respond in a timely fashion. We demand their respect by our swift adherence to our policies regarding evictions and fees. We give them respect by understanding their problems and working with them whenever the situation allows and by advising them of other financial resources that may be available to them.
If you need clarification or have any concerns regarding our general philosophy of property management, please do not hesitate to contact us here. We would be happy to meet with you to discuss these matters further.
Investor Bargains™ – exclusive opportunities on unlisted properties at 20% to 50% off retail
Indiana REIA™ – a safe environment to learn and network with the community of real estate professionals in and around Indiana.
Allen County Assessor’s Office – View property record cards, appeal your property taxes, rental property information, Gross Rent Multiplier Map
Allen County Recorder’s Office – Title research, online records search, property fraud alert