All Forum Posts by: Glenn Zhao

@Guy Azta thank you so much for your long reply. It is very helpful. I will try to work on the two options: fix it or get new insurance company.

Thank you so much for all your feedback. They are really really helpful!!

Hi, I own a 7 unit multi-family property in Cleveland Ohio. Recently I renewed my insurance policy. The insurance company sent an inspector after I started the coverage. After the inspection, the insurance company said they found this property is still using knob and tube wiring and it has a big fire hazard. They asked me to either fix it or they will cancel the policy. 

My questions are:

1. Is it expenses to replace knob and tube wiring? what's the ballpark for a 7 unit property?

2. Do I really need to replace them or just look for another insurance company?

3. Can you refer some insurance companies who are not picky about K & T wiring?

thanks a lot for your help. 

I am Just wonderung If  anyone used TLS Property Management in Cleveland?

www.tlspropertymanagement.com

Does any one used REDS and FASS property management service in Cleveland area?  I would like to know if they provide good services. Thanks

hi, do anyone can refer me any good hard money lenders in Cleveland Ohio? I got a small commercial property under contract. the price is around $150K, but most HM lenders have threshhold around $500K. I need to close this in 2 weeks and got down payment. thanks in advance.

hi, could any one refer me some good hard money lenders in Cleveland Ohio? I would like to buy a small commercial property price around $150K, but most HM lenders have threshhold around $500K. I need to close this in 2 weeks and got down payment. thanks in advance.

@Timothy Murphy III thanks for your help. What about the crime rates? some of surrounding areas do not look good. 

@Ryan Arth thanks for the input. Sound like a OK area to invest. But the surrounding areas are not good based on my research.

Hi, I hope somebody familiar with this area will shed some light on this.

I am looking at a property on Waterloo Road, Cleveland Ohio 44110. I know this area is not a very good area, but Waterloo road is a bit different. It has a lots going on, renovation and recently became a local art district. please see link below:

http://welcometocollinwood.com/index.php/involved/waterloo-merchants/

could anyone tell me more about this area and should I invest here, right on Waterloo road?

thanks