Columbus OH rental market for out of state investors

[Amy Chen]

Hi BP fellows, I'm currently studying the rental areas in Columbus OH. Anyone knows anything about Bexley and Whitehall? Looks like these areas still have some cheaper inventory for good returns. We do expect a 1.5% rent/value ratio, and plan to get 10-20 doors (both SFH and multi unit) this year. Any recommendations on other areas? Thanks!

[Art Mimnaugh]

@Amy Chen I think it really depends on what you are looking for.   I have a four plex in Eastmoor (which is between Bexley and Whitehall) and the thing is a cash cow with many interested parties wanting to move in.   With that said there is little to no apprication but I expected that going in.   Conversely I have other units on west side that have seen great apprication and strong cash flow in better school district.   Not saying one is better than other but you really just need to ensure you know what you are getting into especially as an OOS investor as they both require strong property management and clear expectations with tenets given the neighborhoods.

Cheers,

Art