Services Offered
Verified by Business
Property management
Listing agent
Buyer's agent
Location & Hours
Mon |
| |
|---|---|---|
Tue |
| |
Wed |
| Open now |
Thu |
| |
Fri |
| |
Sat |
| |
Sun |
|
You Might Also Consider
in Home Inspectors
in Mobile Home Parks
in Shared Office Spaces
Amenities and More
About the Business
Business owner information
James H.
Rainbow Realty Group is a family owned business that operates a full-service real estate brokerage firm which is fully licensed by the State of Indiana. We are members in good standing of the National Association of Realtors®, the Indiana Association of Realtors® and the Metropolitan Indianapolis Board of Realtors®. Our founder, James R. Hotka, has been actively involved in the real estate business since 1974. He was the first elected president of the Indianapolis Landlords Association, Inc. which is now doing business as the Central Indiana Real Estate Investors Association "CIREIA". Rainbow Realty Group has a team of experienced real estate professionals who are focused on helping individuals and families in our community. We have the experience, expertise and knowledge to handle all of your real estate needs. Again, we appreciate the opportunity to introduce our company. We look forward to working with you and anyone you may feel could use our services. Please feel free to give us a call. Thanks again for taking the time to check us out. We hope that you benefit from our website and that we be able to serve you in the near future.
Ask the Community
Yelp users haven’t asked any questions yet about Rainbow Realty Group.
Recommended Reviews
Overall rating
7 reviews
5 stars
4 stars
3 stars
2 stars
1 star
- Linda S.Indianapolis, IN01May 3, 2023
News
Shopping
Maps
Images
Books
Videos
Flights
Finance
All filters
Feedback
Tools
Rainbow Realty Group Inc
3.4
(299)
Real estate agency in Indianapolis, Indiana ‧ Closed
Thumbnail Image
6+
OverviewReviewsPhotosAbout
Google review summary
3.4
(299)
Reviews
Allhome
28
company
16
rent
15
price
11
+6
Sort by
Most relevant
Newest
Highest
Lowest
Linda Stodghill
17 reviews
a week ago
NEW
This company will sell on contract with just anybody. The neighbors that we have been cursed with forged paystubs to get approved, meaning Rainbow Realty does NOT verify employment nor do they do criminal background checks before approving ... More
Luna's Dad LD
19 reviews
5 months ago
These guys are a pleasure to rent from. I am beyond satisfied with the 2 br rental I have off 24th street. Also, I haven't lived alot of places where the maintenance staff is this quick, it makes me mad to see the negative reviews on here ... More
2
Justin Byers
Local Guide·42 reviews·6 photos
a year ago
Critical: Quality, Value
Grade #1 is usually one of the best properties.
Grade #9 is usually one of the worst properties. This is the grade system. The home we viewed was a 2. ... More
Photo 1 in review by Justin Byers Photo 2 in review by Justin Byers
7
Angela Anderson
Local Guide·44 reviews
4 months ago
I've seen some crazy houses they try to sell...drove an hour to a lake front house in the summer that was not at all any lake front you would want to live by...the water was not moving and it was described much differently...it may have been nice in 1970 but 2022 ..not at all!!
BirdEye
https://reviews.birdeye.com ' rainb...
Rainbow Realty Group Inc Reviews, Ratings | Real Estate Services near ...
324 customer reviews of Rainbow Realty Group Inc. One of the best Real Estate Services, Real Estate business at 6104 East 21st St, Indianapolis IN, ...
Facebook
https://m.facebook.com ' Rainbow...
Rainbow Realty Group, Inc. | Indianapolis IN
Rating · 4.5 (17 Reviews) ; winning Top 5 LocalBest Real Estate Agencies in. Indianapolis! YOU have the opportunity to keep ; this business in the Top 5 or win
Complaints Board
https://www.complaintsboard.com ' ...
Rainbow Realty Group Inc. review: Scam
I too was swindled, tricked, and victimized by Rainbow Realty. Steer clear of them at all costs!
Trustburn
https://trustburn.com ' reviews ' rai...
Read Client Reviews of Rainbow Realty.
This place is a joke! They buy the worst conditioned houses possible and try to sell them as is, and the bad thing is customers are'nt aware of how grimey they ...
Nicelocal.com
https://nicelocal.com ' indianapolis
Rainbow Realty Group Inc
Reviews about Rainbow Realty Group Inc ... They don't have much available at all if any, and the website needs updating!! ... Never ever ever rent anything from ...
Pissed Consumer
https://www.pissedconsumer.com ' ...
Rainbow Realty Group Reviews @ Pissed Consumer
Sep 26, 2020 -- Rainbow Realty Group has 1.0 star rating based on 1 customer reviews and ranks 572 of 1678 among companies in Real Estate category. · Consumers ...
Better Business Bureau
https://www.bbb.org ' real-estate
Rainbow Realty Group, Inc. | Better Business Bureau® Profile
This organization is not BBB accredited. Real EIN in Indianapolis, IN. See BBB rating, reviews, complaints, & more.
Revdex.com
https://www.revdex.com ' reviews
Rainbow Realty Group Reviews, Complaints, Customer Service
Rainbow Realty Group consumer reviews, complaints, customer service. Customer service contacts and company information.
The Indiana Lawyer
https://www.theindianalawyer.com ' ...
Judge certifies class action against rent-to-buy company Rainbow Realty
Apr 1, 2020 -- A federal lawsuit filed against Rainbow Realty, a rent-to-buy real estate company in Indianapolis, will proceed as a class action after the ...
Linda Stodghill
17 reviews
a week ago
NEW
This company will sell on contract with just anybody. The neighbors that we have been cursed with forged paystubs to get approved, meaning Rainbow Realty does NOT verify employment nor do they do criminal background checks before approving people. In return the whole neighborhood has been cursed with tenants who disturb our peace with raging alcoholic and literally tears the walls down, busting out windows etc. In 1 week there were 9 police calls to the address of tenants. Numerous calls to 911 were made and also Numerous calls to Rainbow Realty including a call from impd. The other night the same happened, the raging alcoholic tearing up the house, outside screaming and cussing at the top of his lungs. Police was there 2 times in less than 1 hour. Upon contacting Rainbow, they simply say there is nothing they can do about the problem. Next step is filing a civil complaint with the city against the Realty company. Bottom line is criminal background checks and employment verification needs to be a must. I sure hope Noone else has to deal with unruly neighbors like us because here is literally NO peace here.
Helpful 0
Thanks 0
Love this 0
Oh no 0 - Anthony A.Downtown, Atlanta, GA01Aug 28, 2022
Bought a house from them 2018 come to find out the house had major plumbing issues and they knew it. Out of pocket I came with $6000 to dig up yard and correct the problem. Pandemic came and I had no job they didn't even offer to work with me they took me to court and I lost everything even my belongings in and around the house. Those Spanish people in the office are devils. If you are black don't buy no house from these people they really don't like us I can tell you that much.
Helpful 1Thanks 0Love this 0Oh no 1 - Harley K.Anderson, IN01May 13, 2020
If I could give them less I would we had one day to look and could not even get an inspection done till after the papers were signed. Once we got an inspection four days after signing told them they rated it wrong the house was rated at a two and was supposed to be move in ready come to find out there is black mold in the walls the foundation is crumbling the roof needs replaced as well as termites like crazy. Does that sound move in ready? Asked for a refund because we didn't have it even a week and they refused despite the false advertising. Do not trust them.
Helpful 3Thanks 0Love this 1Oh no 1 
Christina S.Indianapolis, IN38255166May 4, 2018For rent to own homes this place is legit. The staff is so sweet. We found our home 2 years ago. They are all fixed uppers and they don't lie about them. Easy and fast to pay off. After two years you get the land contract and get to refinance through a bank. If you don't rent through them it's easy to get started. They have homes everywhere in Indy. You go in and they give you the keys for any location you want to look at. Some homes are better than others. For first time family owners this place is awesome. A lot of people give this place shit but it's a great opportunity.
Helpful 1Thanks 0Love this 0Oh no 0- Josh M.Indianapolis, IN05May 22, 2013First to Review
This place is a joke. They have figured out how to charge renters interest and to get them to pay their home owners insurance. They refuse to negotiate their contracts at all. Even after they have locked you into a 30yr commitment to buy a house they still want the right to inspect your home and you also cannot even replace drywall without written permission. What is the point is buying a home if your still going to be treated like a renter? To make it even worse they advertise their homes as fixer uppers but yet you still have to have permission to replace a moldy piece of drywall. What a joke.
DO NOT GET HUNG UP ON THE PHRASE THAT YOU WILL OWN YOUR HOME THROUGH THIS PLACE. YOU REALLY WONT. DONT GET FOOLED.Helpful 1Thanks 0Love this 0Oh no 0 - Chris B.Indianapolis, IN11Nov 9, 2014
DONT TRUST THIS PLACE! they pray on the less fortunate by telling them they own there home witch in all reality they never do the homes are in such bad condition most people cant afford to fix them up to live in them as soon as you miss 1 payment they will evict you asap an rack the fees up so high you will never get caught an they know most people who buy from them cant afford a attorney its a shame the city is letting these people operate like this for so many years thank god the attorney general finally caught wind of this scam
Helpful 4Thanks 0Love this 0Oh no 0Business owner information
Rainbow R.
Dec 28, 2016
Chris,
WOW! What can I do to turn you into a satisfied customer?
Our premier customer service has enabled Rainbow Realty Group to grow to one of the largest single family home providers in central Indiana. Our Rent-To-Buy Fix-Up home program is the real deal... We have hundreds of customers that have realized the dream of home ownership and they would disagree with your comment.
Our application process is simple and exactly as we promise ... bad credit... no credit... no problem. Unlike most home ownership programs, our customers can get approved in 3 days. Rainbow Realty Group only approves customers that have proven that they can financially afford to purchase and repair a home.
Our mission is to give everyone a opportunity to become homeowners. We approve applications even though many of our customers have proven to never pay anyone in a timely fashion. Rainbow Realty also offers help in managing our customer's finances. We have sponsored money management classes and offered assistance in preparing spending plans that prioritize food, shelter and transportation above cable TV, entertainment, cell phones and furniture.
Because many of our customers are an extreme high credit risk, we have a tough late payment policy that includes a "no-pay / no stay" rule. We do not seek legal action against anyone who voluntary returns a home because of poor money management or loss of employment.
Typically you will find that the customers that pay their payment every month love Rainbow Realty and the customers that do not pay do not like us. Unfortunately some customers break one promise of payment after another. And for this reason we believe actions, not words! A Notice of Claim for Possession is automatically filed on anyone stays and fails to pay. Once legal action is initiated we look closely at our customers' ability to catchup their payments and their history with us... Are they a good neighbor? Are they cutting their grass? Are they keeping their lawn free of trash, debris and junk cars? Have they taken care of their home?
With 42 years in business, Rainbow Realty Group maintains an A+ RATING with Better Business Bureau.
In closing ... The Indiana Attorney General has made allegations against Rainbow Realty and have published press releases which tell only one side of the story. The AG complaint challenges our fair and just right to evict customers for non-payment. Rainbow Realty is fighting the Indiana Attorney General in court for the right to continue our home ownership program.
Thank you for your time.
We appreciate your business.
James H., President
Rainbow Realty Group, Inc. - Wendell E.Indianapolis, IN01Feb 17, 2015
This company is fine. I paid monthly for a house for 6 years and just recently worked with their staff to refinance through a bank. Sure the interest rates are high and the homes need work but the claims made about not owning a home through them are not true. As long as you make your payment you will not have a problem with Rainbow. I am happy to not pay for those high interest rates anymore because I am now making payments through a bank but I am glad I went through this process to get were I am in my home.
Helpful 2Thanks 0Love this 0Oh no 0
You Might Also Consider
in Property Management
in Apartments
