Looking for thoughts from investors in Cleveland, OH

[Vishal Sood]

Hi,

I am a newbie here and looking to invest in Cleveland, OH. The videos from @James Wise were amazing in getting me excited about the prospects. I wanted to hear from investors in this area (if you don't mind sharing)

• Did you invest in SFR or MF?
• How has your experience been overall 1-10?
• What's your biggest frustration of investing there?
• How's the rental churn and vacancy been for your rentals?

Really appreciate your help!

Cheers

Vishal

[Robert Matelski]

Originally posted by @Vishal Sood:

Hi,

I am a newbie here and looking to invest in Cleveland, OH. The videos from @James Wise were amazing in getting me excited about the prospects. I wanted to hear from investors in this area (if you don't mind sharing)

• Did you invest in SFR or MF?
• How has your experience been overall 1-10?
• What's your biggest frustration of investing there?
• How's the rental churn and vacancy been for your rentals?

Really appreciate your help!

Cheers

Vishal

Hey Vishal! I live in California, but I have been investing in the Cleveland area for years! I currently own 8 rental properties there (1 duplex and 7 SFRs). Overall my experience has been pretty good. My biggest frustration has been the speed at which my PM handles things... but at least they are fair and honest, so I deal with it. Rental churn and vacancy isn't bad as long as you find good tenants, provide a good product, and are willing to keep the rent a little below market.

I've gathered a ton of information on investing in the Cleveland area, and would be happy to share it with you if you are interested. It includes, among other things, a comprehensive map of the Cleveland area, grading each area from A+ down to F, using a consistent, objective and transparent methodology using publicly available data.

Feel free to add me as a connection and drop me a private message!