Investing in muliunit Cleveland Heights or surrounding area

[Mac McDonald]

I’m looking to invest in my first rental property that would ideally be a multi unit of some sort. The plan would be to provide a place for my dad to live on one side (paying rent) and watch over the other properties in the building. When I see these units (duplexes, 4 plexes, etc) it seems too good to be true.

How is the rental market in these areas?

Is there growth in this market?

I would be out of state, what are some property management companies I should look into?

Thanks for your time.

[James Wise]

Originally posted by @Mac McDonald:

@James Wise Thanks for the welcome. I appreciate your time and insight. Would you say the surrounding areas like shaker and university heights have similar reputations for rent and tenants? I’m open to any safe bet area as is my father.

Yes Shaker & University Heights are both are very nice areas. When buying in Shaker make sure you get a property in the Shaker Heights school district to ensure you've got a high grade asset. There is some parts of Shaker that use Cleveland city schools as such neighborhood quality is much lower.