Archive for July, 2007

Indianapolis Tax Increase Wipe Out

Wednesday, July 18th, 2007

Governor Mitch Daniels ordered a complete reassessment of both residential and commercial property in Marion County.  ie Indianapolis Indiana.  2007 taxes will remain the same as 2006 tax bill.

This takes care of a rumor that Marion County was going to absurdly raise the taxes in Indianapolis Indiana.  Thanks Mitch.  I’ve never had a good thing to say about you until today.

Rental Payments to Owner

Monday, July 16th, 2007

Just an update or perhaps clarification on how soon you, as an owner, will receive your rent payment.

At Crager-Bartels our process is to pay ten days after we receive money from the current tenant.  Understand that while many tenants are scheduled to pay on the 1st, some are the 3rd, 4th, 5th, 10th, 15th, etc…  This of course changes when you receive your funds as well.

The reason for the 10 day turn around is for processing on our end as well as confirmation that all checks clear as they should.  Other management companies in town may hold 30 days or 30+10 for processing time, while we strive to get you your funds asap.

There are times when a tenant pays late to us which will also change the date we transfer the money to you.  Understand though that we do no accept this as common practice from the tenant in question and we have protocols in place to handle this properly.

Finally, one other item that may affect payment to you would be holidays where the American banking system is shut down which will add 1-2 days transaction time depending on the holiday and which day of the week it falls.

Bottom line, we are here to support you.  If you have any questions give us a call.

Crager-Bartels Makes Online Rent Payments Easy

Sunday, July 1st, 2007

The Crager-Bartels Team has added an Online Payment Center to their rentability tool box.

With todays electronic environment it is important to stay ahead of the competition. The Crager-Bartels Team has done just that by adding an online payment option for their tenants. Tenants have lost the excuse “The Check Is In The Mail” and “I’m out of town. Can I pay you next week?”

It’s good news for the tenants who rent from Crager-Bartels too. Late fees begin at $50 and go up from there. Having the ability to pay with a credit card saves the tenant time, money and reputation.

Derek Crager advises tenants not to rely on this method of payment every month though. “Its a great option for times when you don’t get your check to the bank on time or when your car breaks down and money is going elsehere. Long term use will increase the interest paid to credit card accounts.”