All Forum Posts by: Amy Hu

Very true. Local investors and landlords have a lot of advantage. Nobody will care for your investment as much as yourself do.

Last year, 3 other CA investors told me they were cheated by terrible PM and had to fire them. 

Two PM I used are licensed realtor.  They both lied and cheated.

The last one I fired distributed only a portion of rent recorded in their rent ledger. When I pointed out the error, they just ignored.

I gave them a brand new SimpliSafe security system to install in a vacant house.

I also paid them 1/2 of the rehab estimate to get the work done. After many email and calls unresponded in the following 1.5 months, I found the house broken in, water tank and furnace stolen. They didn't do any work, no security alarm installed, no rehab work.

The horror story just goes on and on.

Personally I don't think it's worth the trouble if you're a software engineer/CPA etc. in CA.

A word to fellow investors from both coasts- too many liars and blood suckers waiting for opportunity to rip you off. If you're a working professional and haven't seen the ugly side of greed , traps, lying, betrayal etc. in the business world, Think twice before you jump in.

There's just too much risk investing out of state. The biggest is people. PM collected rent and ran away. Or placed tenant with recent eviction record into your property. Contractor grabbed money and disappeared or cut corner everywhere. Talk to other investors. I'm not the first one who bumped into these troubles, not the last either.

Even after doing business with a provider, there's no guarantee he/she's trustworthy. Maybe he's just waiting for the big feast! You can never be careful enough. And do not assume everyone on BP is a good guy.

I sold a house there in January.

The tenant stopped paying and forged payment document to avoid eviction. Though his awkward trick was easily handled by attorney, it costed me extra $$ and time to get him out.

I asked my PM to install security system there and paid him  deposit for repair. Guess what? Nothing was done for two months despite my constant following up! Then the house was broken in. furnace and hot water tank stolen!

Be very careful about who you work with.

I've experienced a lot of lying, cheating, trapping etc in the past two years investing in CLE.

Don't miss such great opportunity if you're looking for cash flow cow below market value. these are rentals in my retirement account. They're great rental investment. Unfortunately we can't do cash out refi because of regulations on retirement account. They're managed by local PM. 10% collected rent is typical in Cleveland. They're in demand in solid rental neighborhood. please email [email protected] for more information. Please do not disturb tenants.

Priced to sell quickly to end investors. save agent fee for us. Middle men, I understand you need to make money but let's not waste time. thanks

3852 E 188th, cleveland ,44122 ;

3858 E 188th, cleveland,44122 ;

The two houses sit next to each other on E.188th are both 3 bedroom 1 bath in Cleveland on the border of Beachwood (A class neighborhood) 1060 square ft ,laundry in half finished basement, one car garage, fenced in yard. Rehabbed the same way in 2016 which includes, New furnace and water tank, freshly painted and hardwood flooring, new sink and doors. Rent is 750 and could be $800. sell for 45k each.

1920 Rookwood Rd, cleveland , 44112, rent $750. sell for $39k

3 Bedrooms 1 Bath Ranch, No basement, 1Car garage, 8,154 sqft lot size, 948 sqf

Nice quite street. updated Kitchen and bath. will make a nice home. Private yard.. new wood look luxury floor installed July 2018. tiles in bathroom.

2508 Greenvale Rd. Cleveland, OH 44112; rent 750, sell for 48k.

3 bedrooms 1 bath, no basement, Large yard, Living room, dining room. recently rehabbed. near border of South Euclid.

4789 E 177th ; cleveland, 44128 ; 3b1b, rent $700 , rehabed in Dec. 2016 . not occupied, all new furnace &water tank stolen before Thanksgiving. sell for $28k

tenats pay water and sewer, electricity, gas. tenants responsible for all landscaping.

Good PM is hard to find gem. That's why Cleveland local landlords get better return than OOS  investors. Nobody cares about your properties more than yourself.