What You Need to Know

CityPlace helps investors assess risk tolerance and choose rental properties that align with their goals. For low-risk investors, we suggest properties with rental rates above $1,500/month. For those with higher risk tolerance, we offer strategies that prioritize volume and spread-out risk. We also guide owners on realistic expectations around tenant behavior and maintenance requests.

• Budget for maintenance, turnovers, and vacancies
• Understand the eviction process
• Know the tenant demographic in your target area
• Recognize that rent prices vary based on property condition, not just bed/bath count
• Consider value-add upgrades to increase rental rates (e.g., updated lighting, stainless appliances, privacy fencing)

• Research neighborhoods and rental demand
• Compare your property's rehab quality to others nearby
• Get a detailed inspection
• Know which improvements can increase rental profitability

Most Indianapolis property managers use the "3x income" rule to qualify tenants. For a $1,500/month rental, a tenant must earn at least $54,000/year. Higher-income tenant pools tend to bring fewer evictions, lease violations, and property damage.

• $60/month flat fee — no percentage
• In-house maintenance team for faster repairs
• Quick response times and excellent communication
• We're also real estate investors, so we manage properties like our own
• Locally based and highly familiar with the Indianapolis market

Inside the 465 Loop:

• Fountain Square
• Bates-Hendricks
• Beech Grove
• Speedway
• Broad Ripple
• Irvington

Outside the Loop (Suburbs):

• Franklin, Perry, and Decatur Townships
• Avon, Brownsburg, Carmel, Westfield
• Zionsville, Fishers, Noblesville

We recommend higher-rent areas ($1,400–$2,000/month) for lower-risk investors.

We follow industry standards including:

• Income at 3.5x the rent
• Credit and background checks
• Rental history verification

It's essential to know:

• Indiana eviction laws
• Tenant notice requirements
• Local housing codes

We help keep owners in compliance and educate them on these issues.

• We prioritize proactive maintenance and in-house repairs
• We guide owners on smart rehab choices
• We help tenants stay long-term with responsive service

Our large applicant pool lets us guide prospects from one listing to another. If someone doesn’t qualify for or lease Property A, we might place them in Property B — minimizing vacancy time for owners.

• “They filled my unit fast with a great tenant. Within a week, everything was handled — stress-free and professional.” — Greg T.
• “I’ve worked with a lot of contractors, and CityPlace blew me away with quality and speed.” — Booker J.
• See more property owner reviews

Property management fees in Indianapolis typically range from 8–12% of monthly rent. At CityPlace, we offer a flat $60/month management fee, which keeps your expenses predictable and affordable.

Yes. CityPlace has an in-house maintenance team that handles routine and emergency repairs, keeping costs lower and response times faster for both tenants and owners.

We manage single-family homes, duplexes, small multi-unit properties, and investment portfolios across Indianapolis and surrounding suburbs.

Absolutely. As investors and brokers ourselves, we can guide clients through buying, selling, and improving rental properties for long-term profitability.

We use an online portal for easy, automated rent collection. This makes payments faster and more reliable, with detailed tracking for owners.

Yes. We manage the entire eviction process legally and efficiently, including court filings, notices, and communication, while working to prevent them whenever possible.

It depends on your goals. High-rent areas like Fountain Square and Broad Ripple are lower-risk, while areas with lower home prices offer higher cash flow potential.

Yes — even single-property landlords benefit from professional management. We handle tenant screening, maintenance, and rent collection, so you don’t have to.

We collect security deposits and document property conditions at move-in and move-out. If damage exceeds the deposit, we pursue additional collection steps and legal action as needed.

We use professional photography, optimized listings, and syndication across major rental platforms like Zillow, Trulia, and Hotpads, just to name a few, to attract quality tenants quickly