- Address: 917 E 8th St Ste 1, Anderson, IN 46012
- FAX: (812) 920-4892
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Morgan Properties is a full-service property management company experienced in managing a wide range of property types and classes. (Multifamily & single-family) We are a family owned and operated business managing over 750 properties for more than 100 other investors located across the United States and abroad who have come to trust us as their local real estate experts. The focus and mission of our company is to help our owners maximize their return on investment while maintaining the integrity, health, and safety of the property and its occupants. We have built our offering to enable a full turn-key real estate investment opportunity for our owners, which is detailed further in the below summary information:
Owners/Investors - CLICK TO LEARN MOREAdvertising: We place a “for rent” sign in the yard and do as many in-person showings of the unit as needed in order to rent it. We publish our listings online on: Morgan Properties Website (Link the page), Apartments.com, ForRent.com, Craigslist, Facebook – Publish on multiple groups and pages based on area of the rental, and own two groups with over 20,000 members. For those applicants without internet access, we offer photos of available units in our lobby & a written list of available vacancies that can be picked up at our office 24/7. Our website is easy to use & is interactive. All available vacancies for rent are listed on our website and each listing has a detailed description including rent/ deposit prices and pictures for prospective tenants to view.
Morgan Properties utilizes Buildium, a property management software that allows owners real-time access to profit and loss statements, contributions and draws, and specific transactions you’ve made on behalf of the property. Owners will have access to rental owner statements, income statements, invoices/receipts, and general ledger details. Owners can submit payments for repairs online, see tenant information and a number of other details from any desktop or mobile device. This information is updated continuously throughout the month and owners will receive monthly rental distributions at the beginning of each month from the previous month’s payments. At the clients request Morgan Properties can pay mortgage payments, homeowner’s insurance, and utility bills from the client’s proceeds. Clients receive any proceeds due to them by direct deposit to their designated account.
Repairs:
We know how vital a strong repair partner is to your real estate team, which is why Morgan Properties has taken a customized approach to handling repairs for each of our owners, allowing investors to determine how we react and pursue resolution to any repairs or maintenance that get reported to us. This gives owners full control over a critical part of their rental business, and reduced risk running into contractors abandoning a job and having no one to fall back on to get you back on track timely. After understanding each individual owners needs in this area, we write a set of rules developed specifically for handling that owners repairs
Primarily investors have two choices in handling repairs: Clients can procure their own repair contractors or construction companies to perform work on their behalf at any time, OR Morgan Properties also offers estimates and repair services through our partner contracting company. The Maintenance Managers who are fully equipped to handle a large variety of repair and rehab jobs that may arise during the investment lifecycle, such as general repair, plumbing, electrical, cleaning, carpet cleaning, pest control, mowing and everything in between.
All prospective tenants must complete an application. The applicant can fill out an application on our website or at our office. We conduct a 4-step process to evaluate each applicant by verifying proof of income, searching court records for any history or record of eviction(s), verify past landlord information and obtain a landlord reference (if available), & verify with the utility provider the applicant can successfully get utilities into their name. It is only after an applicant has been approved that we show the prospective tenant a unit. We operate in compliance with local, state and federal fair housing laws.
Morgan Properties lease is a written detailed 1-year lease that renews to a month-to-month lease thereafter. We are open to working with our owners on individualized needs for each of your properties should something unique or different exist that we should outline or include specifics relating to your individual properties or business needs. We understand many properties and owners have unique circumstances that need to be adjusted for and we are happy to accommodate those unique needs.
Inspections:
Morgan Properties conducts two planned inspections of the property. One prior to the tenant move-in where we will document and photograph the move-in condition of the property prior to the tenant’s occupancy in great detail. Once the tenant has vacated, Morgan Properties will inspect the property again and document and photograph any damages and observations to determine if the tenants will receive a refund of their security deposit, if so how much, or if any additional damages beyond the security deposit need to be pursued. Additionally, Morgan Properties will inspect units if we suspect lease violations or have had reports that may indicate the property is being damaged. *NOTE* Clients may request regular inspections of their unit(s), Morgan Properties reserves the right to do that for an additional fee.
We accept tenant’s rent payments on our website via Echeck or Credit Card or money order or credit card at our office. We employ a full time rent manager who is aggressive in rent collections and is an area where Morgan Property excels. Morgan Properties collects rent the day after tenants are paid, whether that be weekly, bi-weekly, bi-monthly, or monthly. Most tenants want to pay on-time and stay current on their rent and our policy allows them to manage their financials while we ensure tenants don’t get too far in arrears before knowing it may be time to move on from a tenancy. However, if an eviction should become necessary, we are ready to act with excellent legal counsel & have never lost a judgement in our company history due to the preparedness of our people and maturity of the process we have developed if we find ourselves in an eviction scenario. Morgan Properties will pursue collections on our owners behalf for both evictions as well as any small claims that need to be pursued that can’t be covered by the security deposit.
Evictions are the final step towards resolving a tenancy problem if warranted, but we hope it never comes to that! We frequently work with our tenants who may be struggling to pay their rent by making a written payment plan or helping them find rental assistance and hand-holding them through those applications to help get the outcome all parties desire.
We are familiar with all the local HUD/Section 8 authorities across Central Indiana and their regulations, requirements and procedures to help our owners navigate the complex world participating in these programs might mean as an investor. Research has led many astray regarding the parameters and rules set in place by HUD and Central Indiana in particular has many out of state investors curious on the opportunities in this backyard. Let us help you understand what these programs mean to you and how they might be able to compliment your investment strategies while keeping you well within HUD guidelines and Federal Fair Housing Laws.
Do you like the personal touch? Call us & talk to our owners. Ryan & Angie are both active investors and run the office daily! Call us and talk to us about your needs. We want to serve you!
