Cleveland, Ohio Vacancy Rate

[Derek Falconer]

Hello all,

  I am a real estate investor from Southern California.  I am looking into investing in some other markets where cashflow is better and a good friend of mine mentioned the Cleveland area.  Specifically, he mentioned Lakewood and Kams Corners as desirable neighborhoods.  Does anyone have a feel for rents, vacancy rates, and types of tenants (A, B, C, etc. neighborhoods??) in those areas.  Also, are there tax abatements that people are taking advantage of?

  I appreciate any insight from the community, thanks

Derek Falconer

[Sunny D.]

Originally posted by @Derek Falconer:

Hello all,

  I am a real estate investor from Southern California.  I am looking into investing in some other markets where cashflow is better and a good friend of mine mentioned the Cleveland area.  Specifically, he mentioned Lakewood and Kams Corners as desirable neighborhoods.  Does anyone have a feel for rents, vacancy rates, and types of tenants (A, B, C, etc. neighborhoods??) in those areas.  Also, are there tax abatements that people are taking advantage of?

  I appreciate any insight from the community, thanks

Derek Falconer

 homes rent in 2 to max 3 weeks on west side. however turnover period is longer due to time needed by property mgr to schedule rehab. tenants rent kicks in once they move in not when they put a deposit and they have 30 days to move in.