All Forum Posts by: Cole Jennings

Hi Cole, I am really experienced with the Cleveland market and will let you know to be VERY VERY careful about the location you buy. Even if a house is hitting the 2% rule on paper, there are locations that you won't ever be able to collect rent and dealing with constant police calls/break ins. It's not worth the headache! Additionally, the constant turnover will kill any profitability you have. All I'm saying is to be really careful and even if a deal looks great on paper in Cleveland, you want to make sure you're not buying in a warzone. Personally, I moved to Columbus where the neighborhoods are a lot better and can still hit the 1% rule and have tons of amazing appreciation here! Happy to connect and answer any questions you have!

@Cole Jennings

Cleveland can be a solid market for investing, but as an out-of-state investor, it’s important to approach it with a solid plan. Section 8 can offer stable rental income, but tenant screening, property management, and maintenance costs are key factors to consider. Some investors mitigate risks by focusing on B-class neighborhoods with strong rental demand and reliable tenant pools.

Have you had a chance to visit the area yet? It’s always a good idea to walk the neighborhoods, understand rent comps, and connect with local professionals before making a decision. What criteria are you using to select your first property?*

It can be challenging with the wrong team, and I’ve seen out-of-state investors get taken advantage of. I highly recommend visiting at least once to gain a better understanding of the market. Having the right team in place is crucial. A good property manager can help oversee tenants and prevent many common issues. The stigma around Section 8 tenants damaging properties is often misplaced—it’s not about how they pay rent, but rather their behavior as renters. Proper tenant screening is essential, whether they’re on Section 8 or paying cash.

Ohio is a great market to start in . You need a good property management company and boots on the ground to manage your rental since your out of state. I can help with a referral if needed . You also need to figure out if you using financing or buying cash. If you using financing then you need to reach out to a lender to see if you qualify