All Forum Posts by: Austin Johnston

Does anyone have any Lease Addendums they'd be willing to share? Drugs/Smoking/etc.

Originally posted by @Joshua Janus:

Does your realtor have an attorney that they refer you too? That would be your best source as getting the lease wrong will pay terrible dividends. This is a positive sign that you are preparing yourself for this investment ahead of time before you even purchased it, good work. 

No, I haven't received a referral specifically for an attorney at this time. I wanted to knock out the agreement first.

@Remington Lyman Yes, I'll be self-managing. Otherwise, I'd be all about having the management company handling the documentation. Going to give turbo-tenant a go and see how it works out, work case I'll make an audible. 

I'm an out-of-state investor from Austin, TX, and about a week away from closing on a single-family home in Cleveland Heights. Can I pick some brains out there on solidifying lease paperwork in Ohio? I haven't been able to pin down a good lease example for Ohio, and with the abundance of experienced investors out there I was hoping someone might be able to lend a hand. I appreciate ya'lls time and anything you're willing to provide.

Ultimately, I've seen the eforms online and have obtained some leasing documents from the realtor, but I'm more interested in seeing/hearing what some of you have added to your lease based upon positive or negative experiences you've had as well as gaps you've noticed that leave the landlord vulnerable.

Austin

I looked into Re/Max they do seem squared away. I'm more interested in just getting good tenants in the property and then doing my own managing. I assume most use theirs long-term?

@Steve Dowding & @Brian M. , thank you for the recommendation; I'll look into them. 

In the process of closing on my first property in Ohio as an out-of-state investor. Any reccomendations on a property management company? 

Originally posted by @James Wise:

Originally posted by @Austin Johnston:

Good evening,

Looking to start investing in Berea, Ohio, and am interested in getting the lay of the land and connecting with a real estate agent. What are the current thoughts on the market? I've conducted a fair share of research and seems to be a growing big city suburb with good schools and a high renter rate. Interested in some of the local's input.

Thanks for the input!

 Berea is a very stable B-grade suburb. BW College is over there so there is ample opportunity for student housing. Give The Ultimate Guide to Grading Cleveland Neighborhoods a read. I think it should be exactly what you're looking for right now.

 James,

Thank you for taking the time to send that along,  I'll start looking that over now.  I'm happy to see a few areas I'm interested in àre on your grade sheet. I'll keep you apprised if interested. I'm looking to hopefully pull the trigger by the end of year; deal willing.

AJ  

Good evening,

Looking to start investing in Berea, Ohio, and am interested in getting the lay of the land and connecting with a real estate agent. What are the current thoughts on the market? I've conducted a fair share of research and seems to be a growing big city suburb with good schools and a high renter rate. Interested in some of the local's input.

Thanks for the input!