Cleveland property manager?

[Zoran M.]

Hi all,

For those with experience in cleveland, I am under contract on a ~80 unit building in the far eastern suburbs of Cleveland (Lake County) and am in need a property management firm. We’re buying from a long-term owner and he self manages.

We’re buying at a 9% cap and probably $10,000/unit below where it would sell if fully marketed, so we’re excited to move forward with this. Plenty of upside from energy efficient improvements and modest renovations.

Any insights are appreciated!

[Tristan Colborg]

@Anna Sagatelova I just recently closed on a triplex in South Euclid, do you guys work in that area? Are you taking on additional units?