Subject: Inflation Costs and the Anatomy of a Fix and Flip

WILMOTH Updates
A quick reference for residential investors from WILMOTH Group. Providing creative solutions, strategy, services and support in the residential investment community since 1994. 
Quick Notes from Your Property Manager

We have all seen the headlines.  Inflation at 40 year highs!  Interest rates highest in 15 years!  Gas prices-well we all know they are breaking all time records!

Unfortunately these costs are hitting everybody in the pocketbook.  This includes the vendors and contractors WILMOTH Group uses in maintenance.  

Even more unfortunate, your properties continue to need maintenance and repairs.  And bids are reflecting what you see at the grocery and gas station.  Everything costs more.  You can request more bids but you are going to see the same thing. 

We review hundreds of bids weekly.  There is no panacea contractor out there that is not pushing their increased fuel, materials and even labor costs through in their bids.  

Everything costs more today than yesterday!  We have a duty to provide a minimum standard of habitability.  We don't want to make tenants wait and suffer while an owner seeks a bid that uses 2021 costs. 

One reminder with WILMOTH-the bid you receive contains no markups or kickbacks to your manager.  The bid you are sent is the actual vendor bid.  A little reminder on this topic follows.

Looking for better times ahead!

WILMOTH Team
Learn the Anatomy of a Fix and Flip Deal in Indianapolis
At WILMOTH Group, we are privy to the real estate ventures of our clientele, including those with interest in “fix and flip” deals.   While we aren’t in the business of locating properties to flip in Indianapolis, we understand the triumphs and tribulations of real estate owners and investors who engage in the process.

The anatomy of a fix and flip deal is straightforward but involves varying degrees of time and effort. You need to locate suitable properties to flip; understand the costs, risks, and opportunities for profit; and find a buyer.
Why WILMOTH?
No Markup on Maintenance

One of the biggest pain points for rental owners is how their property manager handles maintenance. How a property manager charges for maintenance is a concern that may not be obvious until it’s too late.

Want To Grow?

WILMOTH helps investors with much more than just property management. If you are looking to grow your portfolio, we are your partner in the acquisition process. 

Here is how to put our market expertise to work for you!

Get In Touch!
Questions?  Own a property that is just not performing?  Ready to increase your portfolio?  Or just want to discuss anything?  Let us know and we will get right back to you!

WILMOTH Group
Residential Real Estate
Property Management | Brokerage | Investor Services
WILMOTH Group, 9855 Crosspoint Blvd. Suite 148, Indianapolis, Indiana 46256, United States
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