Renovate-to-Rent-&-Manage

Community Heights Renovate-to-Rent-&-Manage

Renovate-to-Rent-&-Manage
From Alaska to Indy Investing

Sean and Bekah Eaton, a health-conscious couple who love the outdoors, struggled to balance their desire to travel with owning and managing an underperforming rental in Indianapolis. After experiencing our Irvington Kitchen Refresh service at their parent's home, they turned to Home Redevelopment Solutions (HRS) for help exploring their options to either renovate to continue renting or possibly renovate and then list the existing property. With little experience in property values and rental rates and the added consideration that their travel schedule would make it challenging to manage their Indy property, the Eaton's turned to HRS for help.

Backed by solid data derived from hyper-localized databases, we explored various strategies, including Renovate-to-List-&-Sell, Renovate-to-Rent-&-Manage, or an as-is liquidation. The Eaton family carefully considered their options, ultimately choosing the one-stop-shop solutions of Home Redevelopment Solutions, LLC & our sister real estate brokerage, Home Real Estate Solutions, LLC, The Eaton's chose our Renovate-to-Rent-&-Manage solution in October 2022.

The results are astonishing as the Eaton's not only have enjoyed consistent rental income from the original 10th Street makeover, but they also subsequently employed our full-service real estate brokerage to purchase a beautiful eastside home to serve as their primary residence (while in town) and a furnished medium-term rental while away. The results are simply extra-ordinary!

In just one year, the Eaton's are now the proud owners of two money-making real estate investments - one high-quality, low-maintenance income-producing property that continues to increase in value while also paying the mortgage of their second home, their primary residence, that has also stayed 100% booked during their time abroad. HRS renovations helped improve the quality of rental offerings via updates, while our sister brokerage, Home Real Estate Solutions, LLC is now the proud property management solution watching over the rental and maintaining the booking, management, and turns of the furnished rental.

Interview:
Investing in Real Estate from Alaska to Indy

Home Redevelopment Solution's innovative use of technology and constant communication allowed an Alaska family to stay up-to-date on the progress of their rental home remodeling project. Through the Renovate-to-Rent-&-Manage solution, we transformed an underperforming East 10th St. property into a profitable investment that helps fund a second home acquisition that now serves as both their primary residence as well as a medium-term rental on Airbnb while the family travels. We've yet to experience a vacancy in either property - both of which are positive cash flow investments. In an interview with Bekah & Sean Eaton, Indianapolis natives and global nomads, we discuss the success of both real estate investment ventures.

Demolition to Reveal
Our "East 10th Street Rebirth"

From the basement to the rooftop, this entire home refresh elevates the quality and amenities offered to renters within one eastside-managed home. We transformed the once neglected, barely producing rental into a cozy and elegant home in high demand. Boasting targeted interior and exterior updates intended to ensure low-maintenance ongoing management for this higher-quality rental, our HRS, and HRES teams helped the Eaton's to make informed and strategic decisions along the way as we sculpted this "East 10th Street Rebirth" and paved the way for a future acquisition. The results speak for themselves as the Eaton family now enjoys the benefits of a 100% occupied - income-producing - rental managed by our sister brokerage, Home Real Estate Solutions, LLC.

Virtual Tour
Second Home & Furnished Rental

Enlisting the help of our sister real estate brokerage, Home Real Estate Solutions, LLC, empowered Indy home shopping from Alaska to Indy. The miles proved no match for the power of virtual tours, online meetings, negotiating, and home-buying expertise of Licensed General Contractor, Realtor, and Managing Broker Harlon J. Wilson. In just a few weeks, the perfect would-be-furnished home was under contract.

The purchase of the Indy-based home that would serve as the Eaton family's future residence for part of the year and an additional source of income while traveling was an extraordinary success. From scouting for properties while they were away in Alaska to evaluating comps, negotiating the deal, and virtual contracting as the Eaton's traveled back from Alaska for closing, the successful acquisition and subsequent income generated while away, the success speaks for itself.

Interview:
Our 1st Airbnb Guest Check-Out Review

Having just completed our first mid-term rental check-out we, we couldn't wait to see how we performed. Our first Airbnb guest stayed in the home for two consecutive months and offered exceptional reviews following her stay. Proving hard work pays off, we couldn't be more excited about our first medium-term resident's review. The Eaton's courageously smart investing, skillful preparation in furnishing and preparing the home, and the abundance of patience as we worked to get it up and running. has paid off! Booked 100% when available since our launch, we couldn't be more excited to be a part of our client's success.

Thank you to our Airbnb guest, Janel, and her family for loving the home during their stopover between home ownership. And, a sincere thank you for taking the time to provide this generous review of our work! Our door is always open.

The Eaton Family

From Alaska to Indy, global nomads and Indy natives Sean & Bekah Eaton are off to a promising start in real estate investing. The successful Renovate-to-Rent-&-Manage "East 10th St. Rebirth" not only paved the way for the acquisition and launch of the couple's first Airbnb while also generating new streams of monthly income but also delivered on the couple's dream to put down new roots in their Indianapolis home base.

Community Heights Renovate-to-Rent-&-Manage