Cleveland Rental Culture Q&A

[Helen Zhang]

Hi Landlord/Investors of Cleveland, I am very interested to invest in Cleveland, and I have a few questions about Cleveland since I am unfamiliar with the rental culture there.

1. Do you provide appliances to your tenants? Do you believe it is your responsibility to provide appliances to your tenants?

2. How frequently do you have to deal with evictions? 

3. How frequently do you have to deal with late monthly payment?

4. How many tenant fix calls do you receive a year per house on average?

5. How much do you have to spend on average when a tenant moves out?

If you don't have an answer in mind on any of the questions above due to the fact that you do not have enough properties which allow you to calculate the "norm", please feel free just to share based on your experience. I am interested in the rental culture in Cleveland as this is the type of neighborhood that I have never invested in. This is just a process to find out whether the rumored "nightmare" is true. =) 

[Federico Gutierrez]

I own 15doors all over Cleveland on the west side, B and C areas

1. Do you provide appliances to your tenants? Do you believe it is your responsibility to provide appliances to your tenants? Only in commercial units unless the property when I bought it came with it. Might rent a bit faster if they are provided.

2. How frequently do you have to deal with evictions?

I've done about 2-3 per year. Don't play around with my tenants. Don't follow the rules you're not the tenant I want

3. How frequently do you have to deal with late monthly payment?

All the time, least 2 tenants per month. Nice late fee is applied

4. How many tenant fix calls do you receive a year per house on average?

So hard to say, with some I never hear about anything but little time consuming requests, others I get big issues that need to be addressed.

5. How much do you have to spend on average when a tenant moves out?

Depends on the property? Apartment, house. It all on the size if you need to repaint and clean. 5-7,000 for a complete fix up or 1-3,000 for just refreshing.