Investing in Cleveland

[Ivan Aldana]

Hello everybody! I’m currently looking for a long term rental in Cleveland, Ohio. Any recommendations on what parts to avoid or where is the best parts? Anything is much appreciated thank you.

[Andrew Weiner]

Hi Ivan,

It’s a bit hard to help without some more specifics on what your goals are but here is some general advice.  The city of East Cleveland is generally considered an area that’s very difficult to collect rent in and manage. All of the “Heights” are good if you can find a deal, Clark Fulton is inexpensive but can be a challenge to manage in and get good tenants.  Gordon square, Ohio City, tremont, have been gentrifying and offer a higher end feel and sometimes more qualified tenant base with a higher acquisition cost.  The budget and goals will ultimately dictate if one area might be more advantageous over another.  
Good luck!