Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Ohio Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

76
Posts
79
Votes
Kristina Anderson
  • Rental Property Investor
  • New York NY (brooklyn, ny)
79
Votes |
76
Posts

Columbus, OH - Costs of Managing Property

Kristina Anderson
  • Rental Property Investor
  • New York NY (brooklyn, ny)
Posted

This is our first post!  

My husband and I are in the process of researching the Columbus, OH real estate market, with hopes of purchasing an investment property by the end of 2019. We are based on the East Coast. We need help navigating the nuances of a new market, particularly the costs associated with managing property. Specifically: 

1) what should we expect to pay for a property manager? How does this scale up for larger properties (vs. duplexes)? 

2) what utilities / services are we required to pay as landlords that we may not be thinking of? (i.e., is garbage collection a separate cost or embedded into RE Taxes? Is there a separate sewer cost?). 

3) in smaller buildings, can we expect tenants to do maintenance like shoveling snow in the driveway or mowing the lawn or is that something landlords do?

We don't have a specific property in mind, yet and are open to both duplexes as well as larger residential apartment buildings. If the cap rate works. Any help outlining the "extra" expenses we'll be looking at would be helpful.  (Note: we currently own and live in a 3 family and already understand about surprise costs. We just don't know how the Columbus area works in terms of what our P&L will look like in terms of the L side.)

Thanks to all!

Tina

Loading replies...