Turnover Rates in West 44111

[Justin Wilson]

Hi all,

I've owned a duplex in West Boulevard for about two years now.  I've only had one tenant resign a lease and that was only a six-month extension.  Other than that, I've been turning over every unit every year.  Both units are 2 bed / 1 bath and the property is in good condition.  I've checked the rents and they seem to be in line with market rates.  Am I doing something wrong, or is that kind of turnover typical for the area?

Thanks

[Bob Collett]

@Justin Wilson 44111 is arguably the best zip code in Cleveland.  However West Blvd is at the lower end of 44111. As you go further west toward Rocky River Drive, the neighborhood gets better with each 10 blocks (W 117, W 130, W 140, W 150, etc. One possibility is that the tenants are moving up to a better neighborhood.  They will usually give some reason why they are leaving.

I find that most tenants leave after a year or two years in the Cleveland market.

Best of luck

Bob Collett, PM Cleveland