Best Turnkey providers in Cleveland that meet these criteria

[Axel Meierhoefer]

I am looking to expand my investments in Ohio and like to get into the Cleveland area. So far I have been in the Dayton Cincinnati area and work with a great TK provider.

I hope the community here can give input which proven TK providers in Cleaveland and the surrounding area I should consider.

Here are the criteria I always apply:

1. - TK finds the property in A and B class neighborhoods that need renovation
2. - Renovations include all major systems and I as an investor get to see/sometimes expand the renovation - SOW
3. - Sales price is at or below appraisal value
4. - TK is responsible for full-service property management @ 10% of rent or less
5. - Rent income is between .85 - 1% of the sales price
6. - Property is offered financeable (TK does not only offer cash-only options)
7. - TK offers warranties on renovation work
8. - TK aims to secure long-term rentals (multi-year)

Ideally, I am looking for a Cleveland TK that meets or exceeds all these criteria. If you know any, let me know their names and contact data, and please share your own experience with them. That's always the best way to know they keep what they promise.

Thanks in advance for your input

[Matt Thompson]

Smartland and Martel Turnkey are the only turnkey providers in Cleveland that I'm aware of. You might find a one-off property from either of them in a B class neighborhood, but they almost exclusively operate in C class neighborhoods. Once turnkey providers markup the sale price to account for their time finding and renovating properties, there isn't be much profit for landlords in A & B neighborhoods. To make the numbers work in A & B neighborhoods, you almost need to find properties and manage the renovations yourself.