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All Forum Posts by: Evan Price

Evan Price has started 3 posts and replied 7 times.

I just had tenants move out of my investment property (duplex) without paying for the last month's rent, and the damage they inflicted onto the property exceeds their security deposit amount. Security deposit will take care of the last month of unpaid rent, but I'm considering filing a small claims court lawsuit to get a judgement for recoverable damages. As you probably guessed from the unpaid rent, the tenants did not leave a mail forwarding address that I could serve them court papers at. 

Any advice on: 1.) What's the highest success percentage method to find a previous tenant's new address for this?  2.) If damages are about $4,000, would you take your tenants to small claims court, or is it not worth it and why?

Quote from @Kevin Sobilo:

@Evan Price, it doesn't sound like you had a bad experience here. So, I'm more curious about your motivation to sell. From the little you mention, it sounds like simply a risk aversion issue.

If you sell, will you invest the proceeds in something else for example the stock market?

If so, consider that with a stock you have NO CONTROL whereas with your rentals you have quite a bit of control over how the business is run and how successful it is.

You are averse to a bad tenant situation such an eviction. Nobody likes them, but tbh when something like that happens I sort of smile! Do you know why? Its because I can look at the situation and say that I'm having these kinds of bad situations LESS than I plan/save for! So, that means I'm SUCCEEDING!

Yes, when bad things happen its a great time to be look at how you planned and prepped to be able to handle those things and feel GOOD that you were able to manage things such that they are turning out BETTER than you planned for on average.

So, bad situations are simply part of the work of the landlord, absolutely NOT something to be afraid of only something to be prepared for.

Tenants are like tires on your car. You might budget for them to last 20,000 miles, but if you rotate them and avoid damaging them they might last 30,000 miles. When you go to buy a new set if you have budgeted for it, you can smile and know you got 50% more out of those tires even though you now have to pay a big chunk of money to replace them. Bad tenant situations happen but like tires you can prepare and you can learn to manage property such that they happen less often and with less impact on you.


 Kevin, I appreciate your candid thoughts and questions. My motivation to sell was because I figured I had just purchased an investment in a bad area, and I was essentially doomed to make a profit/even break-even on it. I was doing a lot of doom scrolling and every place I looked, investors seemed to be absolutely trashing the area and telling people to avoid it. 

However, I stepped away from the doom scrolling and just looked at the numbers and my actual experience. I actually had some pretty decent tenants, and they can't be the only decent tenants who would live in the area. I'm going to hold onto the property and give it at least another year before I decide to emotionally sell. 

Own a duplex in the Mt. Pleasant area of Cleveland, OH. I had a decent set of renters that are leaving after their lease is up at the end of this month. Given this is one of the rougher neighborhoods, I'm a bit concerned that the next set of renters might not be as good as this set of renters. I'm considering taking the route of applying to be an EDEN Housing Program eligible property. 

Are there better returns to be had renting to EDEN housing assistance renters, or should I stick to cash-paying tenants? Things to look out for/consider with renting to EDEN tenants, anything you'd absolutely avoid doing, any advice, etc.?

I purchased a duplex in the Mt. Pleasant area of Cleveland in 44120, and had some decent tenants that are vacating the property. I'm not sure if I'd like to take a chance in sourcing new tenants in the area and hoping I don't get bad ones, given that the area seems to be one that lots of people stay away from. That said, I'm considering selling the property to cut my losses before they happen. Are properties such as this more appealing to buyers with renters already on leases or will I get more interest and a higher sales price if I sell the property vacant? 

Post: Property Management in Akron

Evan PricePosted
  • Posts 8
  • Votes 6
Quote from @Ryan Arth:

I have a friend that is pleased with his PM in the area. They handle his 150ish doors, and he has high standards. I will PM anyone on this thread that was looking.


 Hey Ryan, could you send the PM's info over my way? 

Post: Looking For A Property Management Company

Evan PricePosted
  • Posts 8
  • Votes 6
Quote from @Samuel Diouf:

I'd be happy to connect you with my go-to PMs in Cleveland! 


 Hey, Samuel - could you connect me with your go-to PMs as well in the Cleveland, OH area?

Quote from @Sean O'Keefe:

Andrea Lee we work with a lot of real estate investors that give us intel on who the top property managers are. Happy to provide some unbiased feedback on PMs in OH.


 Good Morning Sean, 

Would you mind sending me a list of your preferred PMs in Cleveland, OH too?