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Updated over 1 year ago on . Most recent reply

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Maxwell MacVeety
  • Investor
  • Los Angeles, CA
12
Votes |
20
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Staging or furnishing med term rental

Maxwell MacVeety
  • Investor
  • Los Angeles, CA
Posted

I’m looking to invest in Cleveland, Ohio. I’m curious about renting out medium term rentals. 
Is there a service that furnishes medium term rentals?

I wonder if that would be worth it, instead of flying to Ohio, renting a car, and doing myself.

Most Popular Reply

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6,413
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Bob Stevens
  • Real Estate Consultant
  • Cleveland
3,683
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6,413
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Bob Stevens
  • Real Estate Consultant
  • Cleveland
Replied
Quote from @Maxwell MacVeety:

I’m looking to invest in Cleveland, Ohio. I’m curious about renting out medium term rentals. 
Is there a service that furnishes medium term rentals?

I wonder if that would be worth it, instead of flying to Ohio, renting a car, and doing myself.

 Much to big of a headache. You will need to spend 10k or so on furnishings, on top of the reno,  I have done 1ks of rentals there, all yearly. The issue finding reliable cleaners to do the turn the same day or the next. Be happy with the 10% or so net cap, assuming you are cash, and move on. 

I just picked up 7 more SF all in each about 85k, rents from 1100 -1300. Just this morning I got a duplex, all in 70k, rent will be 800/800, 

All the best 

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