Appliance Shortage in Cleveland

[Suzanne Chan]

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!

[Anna Sagatelova]

Hi Suzanne, yes it has been a big issue for us lately.

Appliances can make a difference; renters tend to expect a stove and fridge. However, it depends on the price point and also on what surrounding properties for rent have to offer.

It may take a little longer to find a tenant who has appliances in tow, but this might be the most realistic option.