Bradley Company Encourages Investing in Preventative Maintenance to Keep Costs Low

Bradley Company Encourages Investing in Preventative Maintenance to Keep Costs Low

The phrase “You have to spend money to make money,” probably sounds familiar. The connotation seems enigmatic, especially when the short- or long-term benefits of investing funds appear unclear or nonexistent. When it comes to preventive maintenance, however, spending money has the potential to help save money, and the advantages of doing so are substantial.

How the Grandview Development Finds Success in the Midst of Changing Retail Climate

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How the Grandview Development Finds Success in the Midst of Changing Retail Climate

It is no secret that the retail apocalypse is affecting our country. Many well-known stores and retail giants have closed their doors including some popular ones we had here in the Michiana area. K-Mart, Charlotte Russe, and Payless ShoeSource are just a few of the many. Although the trend of increased online shopping is one of the top causes for the decline of bricks and mortar retail, there are still some business owners holding onto hope in the future of retail…

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Bradley Company Makes it Easy For Clients to Save Money on Their Real Estate Taxes

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It’s that time of year again – temperatures are climbing, the amount of daylight is increasing, birds are chirping, flowers and leaves are growing, and… property tax time has rolled back around. Though the initial components of the list typically bring joy to people’s lives in the Spring season, the arrival of property expenses in the mail can surely have the opposite effect. For some, receiving a property tax bill  can cause extra stress and undesirable  gray hair – especially if costs have risen.  At Bradley Company,  our goal is to lessen the burden that annual property taxes bring through our Tax Consulting Service  and to help property owners capitalize on the valuation of  their holdings.

In today’s economic environment, it is vital for property owners to maximize the value of their assets.  Market rents need to stay competitive, while property operating expenses need to be consistently controlled and reduced in order to reach stabilization and value retention.  One of the largest line-item expenses in property ownership is real estate tax. Through our Tax Consulting Service, our focus is to seek a fair and equitable assessment of the property with a goal of increasing and maintaining the property value for our clients.

What exactly is Tax Consulting, and why is it important? Tax Consulting is an annual assessment review and appeal process used to monitor, maintain, and reduce Real Estate Tax Liability. Every year between April and June, each County Assessor in the state of Indiana sends tax payers a Form 11 Notice of Assessment for the current year assessment as of January 1st.  Once these notices are sent, the window for appeal opens and the taxpayer has only 45 days to appeal the assessment. That 45-day window is incredibly significant because that is the only time frame that is available to file the appeal, so it is extremely crucial to be on the lookout for the arrival of the Form 11. Once the taxpayer has received it and made the decision to take action, the first step should be to get in contact with our extraordinary team of experienced consultants.

Since 2010, we have saved our clients over $5M in tax liability, creating approximately $50M in property value. We have a success rate for appeals of 90% with a strong desire to continuously retain and improve that number. Our team of professionals at Bradley Company maintain very positive relationships with County Assessors which essentially builds trust and leads to favorable results. Those working relationships have helped propel our team to become proficient with navigating through the process and the system,  resulting in strategic planning practices, effective courses of action, and, ultimately, successful appeals. To keep our success rate high and continue building trust with County Assessors, we will not file an unwarranted appeal.

Dealing with Property taxes doesn’t have to be a painful process when you rely on our team to work for you and with you.  We enjoy what we do, and we are committed to putting forth our best effort in every scenario.  Our goal is to help you pay a fair and accurate price so that you can focus more time enjoying the Spring and Summer, and less time stressing over the costs of your property taxes. Contact us for more details or to get started!

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What Does the Future Hold For Indianapolis Post Amazon HQ2 Bid?

What Does the Future Hold For Indianapolis Post Amazon HQ2 Bid?

Here We Are

Even though we’re almost two months removed from Amazon’s announcement that Indianapolis wouldn’t be host to their second headquarters project. The impact of the process and outcome will reverberate through Indianapolis for the foreseeable future.

The debate as to whether Indianapolis is better off without Amazon coming to town will also no doubt continue into the future as many believe the sacrifice to woo the giant tech company was simply too great a price to pay and other feel that any public support for the project (cities are giving billions in public funding to Amazon) would be offset by the future income of jobs and the resulting need for additional amenities to support such rapid growth. Several well known economists stood against the incentives, created a petition pleading the cause for cities to do what Indianapolis did, and not bow to down to massive incentive packages.

The “If”

Had Amazon selected Indianapolis, a certain amount of challenges would have been dealt with, mainly the construction of housing, especially apartment housing.

According to HotPads, a division of Zillow as cited in THIS article, they had anticipated that Indianapolis would have needed to

“add 1,960 apartment units for every year of Amazon’s anticipated seven-year build out to keep pace with the additional employees who would relocate to the city.”

That’s a significant pace to set for new construction and management of residential properties. Developers of course would be more than happy to put their money into that development ring as occupancy would all but be assured as the population soared. This of course also would have meant an increase in certain retail sectors, as restaurants, grocery stores, and more inevitably follow population growth.

The “Now What”

Even though Amazon HQ2 isn’t going to open in Indianapolis, the process cast a light on the areas that Indianapolis needs to improve further upon. In this instance, the technology sector, specifically the employee base needs to grow.

According to this Indianapolis Business Journal Article,  this is the are that Indianapolis still needs the most growth in. According to the US Department of Labor Statistics, Indianapolis is the 6th fastest growing city for tech jobs. The downside is that they’re 34th with just a shade over 31,000 jobs available. That’s far below the available jobs top cities that Amazon was looking at, and half of what Austin, Texas, another burgeoning tech town boasts.

What does this mean for the Indianapolis Commercial Real Estate Scene?

It means that there is more room to grow, and we should see that happen in the next few years. As Indianapolis continues to grow, the needs for industrial, office, and residential space will continue to rise. Re-purposing old and outdated spaces into new tech friendly spaces can be a tall task, but one that has to occur for the city to continue it’s ascent.

The Mixed-Use format isn’t likely going anywhere either as more people move back to city centers and want to live, work, and play together without long commutes, or even needing more than Uber or public transport.

In the process, redevelopment becomes an intriguing option for owners who have older buildings in their portfolio they want to keep and keep full. It wouldn’t be shocking to see new development as needs rise, and land pricing generally is favorable in the Indianapolis area compared to the national rates.

Indianapolis is still positioned to see great growth, even without a shiny new HQ2 building sitting in city limits. If you’re looking at a city for investment, Indianapolis is a great option. Our report from earlier in the year shows strong markets in Office & Industrial. You can read it HERE. We discuss several shifts and areas of opportunity that are either available now, or will be coming into view in the next few years.

There might not ever be a better time to get into the commercial real estate markets in Indianapolis.


Getting Curbs And Roadsides on Your Property Ready For Snow

Getting Curbs And Roadsides on Your Property Ready For Snow

Curbs and Curb Corners

Staking and flagging of curbs and curb corners for snow removal purposes is one of the simplest preparations one can do but can save thousands of dollars in repairs and early replacement needs.  The area’s most prominently damaged are curb corners and curb endings.  We also commonly find curbs damaged at areas where snow is piled in parking lots and where snow may be pushed back up and over curbs into vacant grass areas.  Whether done in house or contracted it is important to thoroughly understand the snow removal practices for your property(s) in order to stake effectively.  Defining the best practices should include direction, sequence, and locations for pushing snow.  Once you have established these best practices you will be able to effectively stake your property curbs.

Hydrants, Irrigation Heads

Fire hydrants are often marked by your local Fire Departments but if on private roadways and drives you may need to provide them.  Spring back flex markers are best suited for hydrants.  Never allow snow to be pushed over a hydrant burying it from visibility.  Hydrant markers are the best way to ensure this doesn’t happen and in avoiding possible costly damage to a hydrant.  Damage to irrigation heads is probably the second most common occurrence in snow removal on properties where they are present.  Since they are somewhat randomly placed throughout a property and are easily covered with a minimal amount of snow fall they are easily overlooked by both self-propelled and manual snow removal equipment.  This goes back to the importance of having and understanding the best practices of snow removal for each property.  Other items that should be considered for staking are French drain covers and surface utility access covers.  

With the repair costs that can be avoided by properly staking your property and the minimal investment needed, proper staking should be a mandatory part of the winter prep at any property.

Simple Tips to Keep Your Apartment Cozy All Winter

Simple Tips to Keep Your Apartment Cozy All Winter

Sealing the cold out of your living space can involve even the simplest variables.  Here are a few simple tips that can assist in cutting heating bills as well as make for a more comfortable living space.