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Updated over 8 years ago on . Most recent reply
Anyone know about the rental regulations in South Euclid, Ohio?
Im thinking about doing a 1031 into a property there, but know that some of the east side towns have some tough regulations. Any other concerns there? Thanks!
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I own 3 properties in South Euclid. Just make sure you check the point of sale for required repairs and if any escrow is required. Sometimes they can get a little crazy on required repairs - but mostly its the usual stuff.
You will also have to pay for bi-annual rental inspection - I wanna say around $200/year with a 1 page document. They come to the property - make sure the smoke detectors are working and any other violations that might need fixed.
This is pretty similar to surrounding east side suburbs.