Own the Investment. Not the Day-to-Day.
Ferris Property Management handles the daily operation of your Central Indiana rental property, so you can enjoy the investment without the second job.
Built for Rental Owners at Every Stage
Single-Property Owners
You own one rental, maybe a former home, and want it handled properly without it taking over your evenings.
Growing Investors
You’re adding properties and need a team and systems that grow with your portfolio.
Established Portfolios
You own multiple properties and want consistent operations, reporting and tiered pricing.
Out-of-Area Owners
You live elsewhere and need a local team keeping an eye on your Central Indiana property.
Your Property. Our Operation.
You keep the major decisions about your investment. We take on the daily operational work: tenant communication, rent collection, maintenance coordination, walkthroughs, records and renewals. You get the information you need to make good decisions, without having to run the property yourself.
How Working With FPM Works
- Evaluate We review your property, goals and rental potential.
- Prepare Guidance on pricing, improvements and rental readiness.
- Lease Marketing, showings, screening and lease signing.
- Transition Move-in, or a smooth handoff if a tenant is already in place.
- Manage Rent, communication, maintenance and walkthroughs.
- Report Statements, distributions and owner portal access.
- Renew or Turn Over Renewals, or move-out and re-leasing.
You Stay Informed and In Control
Handing off the day-to-day doesn’t mean losing sight of your property.
- Clear explanations. We explain our recommendations and decisions so you understand what’s happening and why.
- Maintenance visibility. Routine repairs above $125 are approved by you before work begins, and there’s no markup on maintenance invoices.
- Owner portal. Statements and property information are available online through your Buildium owner portal.
- Property walkthroughs. Periodic walkthroughs generally happen around every six months.
Who Handles What
You, the Owner
- Major decisions about your property and investment
- Approving routine repairs above $125
- Paying repair, vendor and other third-party costs
- Formal eviction proceedings, handled through an attorney, once they begin
Ferris Property Management
- Marketing, showings and tenant screening
- Lease preparation and move-in
- Tenant communication and lease administration
- Rent collection and late-rent follow-up
- Maintenance requests and vendor coordination
- Periodic property walkthroughs
- Owner statements, distributions and 1099 reporting
- Renewals, move-outs, deposits and re-leasing
- Communications and preliminary steps before formal eviction
- 1–5 properties 10%
- 6–10 properties 9%
- 11+ properties 8%
Percentage of rent collected. No setup fee, no renewal fee and no maintenance markup.
Do I need a tenant before hiring FPM?
No. We can prepare, market and lease a vacant property, or take over the day-to-day management of a property that already has a tenant in place.
Can FPM help with only one service?
Yes. Lease Marketing, Tenant Screening and Full-Service Management can be selected individually or in combination, depending on what you need.
Who handles maintenance?
We do. FPM receives maintenance requests, coordinates vendors and keeps you informed. Routine repairs above $125 are approved by you before the work begins, and you remain responsible for repair and vendor costs.
Can I view financial information online?
Yes. Owners have access to an online owner portal through Buildium for statements and property information. Owner distributions typically go out between the 10th and 12th of each month.
Can I terminate the agreement?
Yes. An owner may end the management agreement early, and the owner cancellation fee is $250. Your management agreement spells out the full terms.
Let’s Talk About Your Property.
Tell us about your property and we’ll follow up to talk through its rental potential. No obligation.