Anderson vs Nearby Cities
Anderson is located about 40 miles northwest of Indianapolis and offers much lower real estate prices. While the median price of a home in Indianapolis is often around $150,000, the median listing price in Anderson is usually well under $100,000. It’s common to see the median price per square foot around $50, so buyers may find the home of their dreams without breaking their budget in this smaller town. Nearby towns like Muncie offer median real estate prices similar to those seen in Anderson, but most surrounding cities have more aggressive prices. For instance, the median listing price in Noblesville is often around $250,000, and that price goes up to around $400,000 in Carmel.
Anderson Property Managers
Property managers are experienced real estate professionals able to determine effective rental rates based on overhead costs, taxes and rates charged by competitors. Most managers will advertise and ask for referrals to find quality tenants available to fill vacancies. They may also hire maintenance crews and contractors for repairs and renovations.
Anderson Property Management Company Fees
Property managers can charge up to 14 percent of the collected rent on average, but the percentage varies from property to property. Most managers will customize their rates, depending on the services needed, the number of rental units and a variety of additional factors. Leasing fees are charged in addition to the management fee.
Indiana Landlord/Tenant Laws
- Landlords have no restrictions when determining how much to charge for a security deposit on furnished and unfurnished units.
- Once a tenant vacates a rental unit, they can expect the landlord to return their security deposit within 45 days.
- Tenants are limited to $6,000 when suing a landlord for the return of their security deposit.