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Updated over 4 years ago on . Most recent reply

User Stats

42
Posts
13
Votes
Suzanne Chan
  • Rental Property Investor
  • Oakland, CA
13
Votes |
42
Posts

Appliance Shortage in Cleveland

Suzanne Chan
  • Rental Property Investor
  • Oakland, CA
Posted

Hi I am furnishing my triplex in Cleveland and there is an appliance shortage. Many are on back-order and even the scratch and dent places have limited stock. I spoke with my contractor and he mentioned that for his rentals, he normally does not supply appliances and that it's very normal for renters to move in their own appliances. Is this true? The rent for both 2/1 should be about $1K and the efficiency is $700. He mentioned the appliances don't make a difference in the rental price, is that true? i would say a few thousand if this is true, however he did mention that perhaps the efficiency needs the smaller set of appliances since it's already for people on a budget. 

Thanks in advance for your feedback!

Most Popular Reply

User Stats

42
Posts
13
Votes
Suzanne Chan
  • Rental Property Investor
  • Oakland, CA
13
Votes |
42
Posts
Suzanne Chan
  • Rental Property Investor
  • Oakland, CA
Replied

Thank you all for your feedback, the appliance shortage is pretty crazy. I ended up working it out with my PM that we will advertise with no appliances and if they are willing to pay a little more i can go out and purchase one. I had to reduce rent by $50 a month to $950 but that's ok for now, hopefully when appliances have a steady flow again and we have new tenants we can charge a bit more but apparently a lot of renters move around with their appliances. The one thing she said I did have to have that was more of a deal-breaker for renters was 2 hook ups for washer and dryer instead of 1. That was interesting so I will make sure my contractor addresses that issue. Thanks for your all your feedback! 

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