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Updated about 1 month ago,

User Stats

28,003
Posts
19,056
Votes
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,056
Votes |
28,003
Posts

We're seeing Record Rent Rate Inflation in Garfield Heights Ohio

James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Posted

Thanks to inflation, the rental rates in Garfield Heights, Ohio have exploded over the last few years. Tune in to HoltonWiseTV to learn how to cash in on the record rental rate increases in Garfield Heights, Ohio.

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Offering
Cleveland, Ohio

User Stats

25
Posts
17
Votes
Dennis Knapp
Pro Member
17
Votes |
25
Posts
Dennis Knapp
Pro Member
Replied

same with my double on the wesr side of cleveland

User Stats

28,003
Posts
19,056
Votes
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,056
Votes |
28,003
Posts
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Quote from @Dennis Knapp:

same with my double on the wesr side of cleveland


 How much have you been able to increase the rents on it since you've owned it? We're seeing a lot of that on our westside Cleveland properties as well. We have a ton of those apartment buildings on Ridge Rd between Biddulph and Denison. When we started buying them in 2013/2014 many of the units were renting for $450-$485/mo. Today those same units, we're getting $900+.

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User Stats

25
Posts
17
Votes
Dennis Knapp
Pro Member
17
Votes |
25
Posts
Dennis Knapp
Pro Member
Replied
Quote from @James Wise:
Quote from @Dennis Knapp:

same with my double on the wesr side of cleveland


 How much have you been able to increase the rents on it since you've owned it? We're seeing a lot of that on our westside Cleveland properties as well. We have a ton of those apartment buildings on Ridge Rd between Biddulph and Denison. When we started buying them in 2013/2014 many of the units were renting for $450-$485/mo. Today those same units, we're getting $900+.


 25% in 5 years

User Stats

28,003
Posts
19,056
Votes
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,056
Votes |
28,003
Posts
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Quote from @Dennis Knapp:
Quote from @James Wise:
Quote from @Dennis Knapp:

same with my double on the wesr side of cleveland


 How much have you been able to increase the rents on it since you've owned it? We're seeing a lot of that on our westside Cleveland properties as well. We have a ton of those apartment buildings on Ridge Rd between Biddulph and Denison. When we started buying them in 2013/2014 many of the units were renting for $450-$485/mo. Today those same units, we're getting $900+.


 25% in 5 years


 You can prolly bump that quite a bit I bet.