Mansfield Ohio sfr buy and hold opinion

[Peter Palmer]

Hi guys was wondering if I can get any input on Mansfield Ohio for lower entry level buy and hold primarily looking for cash flow. I’m from Massachusetts so any perspective would be much appreciated.

[Kaleb Packer]

@Peter Palmer

My family and I own 70+ units in Mansfield and it is a good cash flow market. However, rent growth and property appreciation is slow here. Rent growth was actually stagnant for quite a while, but we’ve seen relatively large increases over the last two years. It’s hard to say if the trend will continue.

If you’re considering buying in Mansfield, the best advice I can give is to buy quality properties in decent areas. Avoid buying based solely on price and what a current tenant is paying for rent. Cheap prices don’t mean the property is a good deal.

One other thing to consider how you’ll manage it from a distance. There are only a couple licensed management companies in town and it’s pretty hard to make any money based on their fees. Most people around here self manage or have large enough portfolios that they manage in house.

I hope this helps. Feel free to message me if you need anything else.