All Forum Posts by: Amy Hu

Sorry to hear that. what "error in paperwork" did they find in your case?

Originally posted by @Bob Prisco:

Hey fellow Cleveland investors, a piece of advice , Be VERY careful when buying a tax cert from Cuyahoga County !! The county can and will give your property to the land bank if they feel there is an "error in your paperwork" , you can lose your ENTIRE investment .Once they give it to the Land Bank , well consider it gone, or you will have a battle to get it back..  I am in the middle of a law suite, $125k, plus 25k legal fees, They gave the the building to the land bank who gave it to another party. So they keep my money, and the building. Stay tuned. 

Hi Amy, I'm an investor who held several residential properties outside of Cleveland, but I'm a Cleveland native who lived here for 25 years and have been back for a year or so now.

Happy to get together for coffee and just chat about the different neighborhoods, some of the places you may want to avoid going on your own, etc.

Drop me a line if you're interested.

Al

Amy, do you have any pictures to go along with these to show what kind of work was done?  If you do, please send them and any other information to [email protected]

Thanks

I was not very happy with previous PM. However even with that, cash on cash return is well above 15%. My advice is to go with well established PM company than individual. check reference. there're good ones out there.

 tenants responsible for all utilities , and landscaping.

I can refer a great insurance broker.

Cleveland is landlord friendly. most of my tenants pay on time. eviction is quick and inexpensive, unlike CA.


Originally posted by @Austin Tam:

 Hi Amy,

I'm interested in purchasing your Cleveland properties.  I have a few questions:

-Do you have property management in place?  Which company are you using and are you happy with them?

-It looks like tenant pays water and sewer on these properties; are there any monthly utilities you are responsible for? What do those costs look like?

-What are you paying in insurance for each property and who is the provider/broker? 

-Who is responsible for maintaining the lawn? 

-Are all tenants up to date on rent? Are any of them problematic? 

You can reach me at [email protected]  Thanks!