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Updated over 5 years ago on . Most recent reply
Looking for a good Property Management Company in Cleveland
Hi!
Can anyone recommend a reliable and good Property Management Company in Cleveland?
I have 2 duplex, 1 in MT Pleasant and the other in Union Mills Park and I am looking for someone who has time for the houses and is reliable, the one I have today has 150 houses to take care of and to few employees. Perhaps a family business instead of a big company.
I will appreciate any inputs.
Thanks in advance!!
Mikael Kjeller
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Originally posted by @Nathan Williams:
Originally posted by @James Wise:
Originally posted by @Mikael Kjeller:
Hi!
Can anyone recommend a reliable and good Property Management Company in Cleveland?
I have 2 duplex, 1 in MT Pleasant and the other in Union Mills Park and I am looking for someone who has time for the houses and is reliable, the one I have today has 150 houses to take care of and to few employees. Perhaps a family business instead of a big company.
I will appreciate any inputs.
Thanks in advance!!
Mikael Kjeller
Issue I suspect you are running into is poor performance. Thing is it's probably not the fault of your current property manager. You happen to have duplexes in two of the worst neighborhoods in all of Ohio. Most big firms (like mine) won't even take on properties in areas like this.
In all actuality the only people that are able to etch out profits running properties in neighborhoods like Union Miles & MT Pleasant are locals who live right there and do all the work themselves, often unpermitted, under the radar & outside of the landlord tenant laws lol. Think water being turned off or front doors being removed when tenants don't pay rent. There just isn't enough income to support your business and pay the wages of someone else working for you, especially someone who's got to adhere to fair housing laws, rental standards and the like.
thanks for this information.
Not to derail the original question asked by the OP but I noticed in your neighborhood grade blog the zip code of Union Miles Park was rated a "C" (and i have been actively looking for solid rental investments here). But here this area seems to be described as a good amount worse than that. Would you be able to clarify of how good/bad this area really is? Thanks!
The Union Miles neighborhood is rated an F in The Ultimate Guide to Grading Cleveland Neighborhoods.