Shaker Heights Ohio Rental, Good or Bad?

[Michael Lewis]

Hey BP, I’m an OOS investor and own a handful of property in the Cleveland Suburbs. I have yet to purchase in Shaker Heights however I’m considering this area for my next buy. School district is very good and crime rate is lower than other areas I own in. Taxes however are outrageously high. The COC return is lower than say Euclid. What is enticing is the quality of the area. Looking for some input. Yay or nay to Shaker Heights as a long term hold vs other areas in the CLE suburbs? Thank you in advance!

[Bob Prisco]

@Michael Lewis  NO !!! I have been doing business in the Cleveland markets for about 10 years, buying and selling about 500 props over the last 6, 7 years, I will not touch SH, Inspectors are the worst of all the cities . Also high taxes and pricing.  I stick with MH GH CH Euclid, Lee Harvard, and of course west side

Good luck