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Updated over 8 years ago on . Most recent reply

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139
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Ian M.
  • Pittsburgh, PA
36
Votes |
139
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Anyone know about the rental regulations in South Euclid, Ohio?

Ian M.
  • Pittsburgh, PA
Posted

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!

  • Ian M.
  • Most Popular Reply

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    Adam Craig
    • Investor
    • Cleveland, OH
    130
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    603
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    Adam Craig
    • Investor
    • Cleveland, OH
    Replied

    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. 

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