All Forum Posts by: Hao Vu

Quote from @Jacob Graves:

Quote from @Bob Stevens:

Quote from @Hao Vu:

Quote from @Bob Stevens:

Quote from @Hao Vu:

Quote from @Bob Stevens:

Quote from @Hao Vu:

Going through an eviction process with my tenant, and wanted to know what some of the hurtle that landlord has to jump through to get tenant evicted in the Cleveland OH market? and what the cost of having a tenant evicted? So far, my tenant has been causing me a lot of problem on top of my previous property manager refusing to refund my tenant security deposit.  

 You should not be involved at all, NOT EVEN 1%. The PM co should handle . Tenants in Cleveland can be very good at staying longer. I have extensive experience out there. 

1st 3 day, then file, 99% of the time their out in about 45 days. HOWEVER, you doing it with zero experience, well, it will not end well. COST about $550- 700 

 I definitely experience it firsthand. I just recently got them moved out and now the work begin in getting the unit rent ready. Praying it would cost me an arm and a leg.

 why are you doing it alone, TERRRIBLE idea?  You will continue to take loses. You will overpay for repairs, you will more than likely get ripped off from the contractor. No need for all the aggravation and loses. All you need is to connect with someone that is doing deals there with a trusted team

Good luck 

I’m not doing this alone. I have a PM that handle the eviction and it’s taking longer than I expected. The eviction started in January and it took until April for the court to approve the eviction with the bailiff. Now that the tenant has move out, I learned they trash the place and I had to spend like $2k to clean up the mess before the PM team can move in and fix the place again. 

 Not sure who you are using, but 4 months is much longer than it should take, typically 45 DAYS. I know everyone out there, if you would like help feel free to reach out. 

 Its been terribly long this year like I commented before I think its averaging 3 months now. For some reason they aren't setting move out dates timely. 

 I think most the eviction is being hold at the court level. It take me a while to get a hearing date.

Quote from @Bob Stevens:

Quote from @Jacob Graves:

Quote from @Bob Stevens:

Quote from @Hao Vu:

Quote from @Bob Stevens:

Quote from @Hao Vu:

Quote from @Bob Stevens:

Quote from @Hao Vu:

Going through an eviction process with my tenant, and wanted to know what some of the hurtle that landlord has to jump through to get tenant evicted in the Cleveland OH market? and what the cost of having a tenant evicted? So far, my tenant has been causing me a lot of problem on top of my previous property manager refusing to refund my tenant security deposit.  

 You should not be involved at all, NOT EVEN 1%. The PM co should handle . Tenants in Cleveland can be very good at staying longer. I have extensive experience out there. 

1st 3 day, then file, 99% of the time their out in about 45 days. HOWEVER, you doing it with zero experience, well, it will not end well. COST about $550- 700 

 I definitely experience it firsthand. I just recently got them moved out and now the work begin in getting the unit rent ready. Praying it would cost me an arm and a leg.

 why are you doing it alone, TERRRIBLE idea?  You will continue to take loses. You will overpay for repairs, you will more than likely get ripped off from the contractor. No need for all the aggravation and loses. All you need is to connect with someone that is doing deals there with a trusted team

Good luck 

I’m not doing this alone. I have a PM that handle the eviction and it’s taking longer than I expected. The eviction started in January and it took until April for the court to approve the eviction with the bailiff. Now that the tenant has move out, I learned they trash the place and I had to spend like $2k to clean up the mess before the PM team can move in and fix the place again. 

 Not sure who you are using, but 4 months is much longer than it should take, typically 45 DAYS. I know everyone out there, if you would like help feel free to reach out. 

 Its been terribly long this year like I commented before I think its averaging 3 months now. For some reason they aren't setting move out dates timely. 

 Again not correct, typically 45 days, Not sure who you are working with but they do not see they are very competent 

All the best 

 Thanks Bob. I've been trying my best to keep track on the progress, but for some reason I've been hitting a lot of misfortune with this property. Hopefully it can turn around in a few weeks. Now, that the tenant are gone i can finally focus on getting the property back to where it needs to be. Going to see how long it's going take to make the property rent ready again. If I don't hear anything from my PM in a few weeks I will definitely reach out to you for new PM references. 

Thanks!

Quote from @Bob Stevens:

Quote from @Hao Vu:

Quote from @Bob Stevens:

Quote from @Hao Vu:

Going through an eviction process with my tenant, and wanted to know what some of the hurtle that landlord has to jump through to get tenant evicted in the Cleveland OH market? and what the cost of having a tenant evicted? So far, my tenant has been causing me a lot of problem on top of my previous property manager refusing to refund my tenant security deposit.  

 You should not be involved at all, NOT EVEN 1%. The PM co should handle . Tenants in Cleveland can be very good at staying longer. I have extensive experience out there. 

1st 3 day, then file, 99% of the time their out in about 45 days. HOWEVER, you doing it with zero experience, well, it will not end well. COST about $550- 700 

 I definitely experience it firsthand. I just recently got them moved out and now the work begin in getting the unit rent ready. Praying it would cost me an arm and a leg.

 why are you doing it alone, TERRRIBLE idea?  You will continue to take loses. You will overpay for repairs, you will more than likely get ripped off from the contractor. No need for all the aggravation and loses. All you need is to connect with someone that is doing deals there with a trusted team

Good luck 

I’m not doing this alone. I have a PM that handle the eviction and it’s taking longer than I expected. The eviction started in January and it took until April for the court to approve the eviction with the bailiff. Now that the tenant has move out, I learned they trash the place and I had to spend like $2k to clean up the mess before the PM team can move in and fix the place again. 

Quote from @Bob Stevens:

Quote from @Hao Vu:

Going through an eviction process with my tenant, and wanted to know what some of the hurtle that landlord has to jump through to get tenant evicted in the Cleveland OH market? and what the cost of having a tenant evicted? So far, my tenant has been causing me a lot of problem on top of my previous property manager refusing to refund my tenant security deposit.  

 You should not be involved at all, NOT EVEN 1%. The PM co should handle . Tenants in Cleveland can be very good at staying longer. I have extensive experience out there. 

1st 3 day, then file, 99% of the time their out in about 45 days. HOWEVER, you doing it with zero experience, well, it will not end well. COST about $550- 700 

 I definitely experience it firsthand. I just recently got them moved out and now the work begin in getting the unit rent ready. Praying it would cost me an arm and a leg.

Quote from @Vincent Solomon:

@Hao Vu

Are there any property managers / property management companies in Cleveland that you would recommend? 

Please see Jeremy post cause he explain it very well. You have to do your own due diligence!! My best answer to your question is to start interviewing property managers and start asking them questions because they will be your best resources and knowledge. 

From my experience in the Cleveland market is property manager will make your accumulate wealth or destroy your wealth. In my case, it started out as destroying my wealth because the property manager that I vetted turns out to be fake and that causes me to lose a lot of money. After I fire the PM and went with more experience one I found out my property perform better and the PM were making less excuses. So, the lesson of my story is if the PM sound to good to be true-- stay away. Also, look at their review online on what the customer are saying about the company. 

Here are some red flag (in my opinion) to stay away:

4-5 star rating with little to no written review.

PM that's in charge of everything (ie. one man show)

PM that offer you free service or over charge you.

PM that makes more excuses than finding a resolutions to your problem.

PM that talk way too much about their life and not focusing on your business (that happens to me). 

Any PM that has less than 8 years of experiences. 

Here are some good indicator of a good property manager:

Knows the local area.

Knows the local laws and rules. 

Very knowledgeable and focus on building your portfolio. 

Comes up with a solutions for your problems. 

Has many positive written reviews. 

Answer your question throughly with honesty

Hope that help.

Quote from @Bassma Mancilla:

Hi Hao,

Just replying to this older thread to see how the Cleveland market has been treating you as it caught my interest as well. I'm hoping to buy my first property, and I'll be an out of state investor. 

 Hi Bassma,

Currently the Cleveland market has been treating me with all shorts of surprises and barriers, but I do see there is a potential growth in the area as the city is trying to bring more workforce back to the city. Also, I would recommend conducting your due diligence before investing in the Cleveland market. What I found helpful is by talking to local property managers. They can give you good insight on the market and what types of rentals you should be aiming for. My strategy in the Cleveland market is buy buy and hold, and focus on the cash flow versus appreciation. 

Hope that help. 

Quote from @Andrew Weiner:

Quote from @Michael Orlando:

Really depends on the PM. Our PM in Cleveland charges like $350-400 and handles everything besides the clean out once the tenant is gone. We have to pay to remove all their stuff (we just use the crew of guys that does our renovations). Depends on the PM and how many units you have under mgmt with them though!

Is this in the City of Cleveland or a suburb?  In the city or Cleveland you need a registered bonded mover.  You can’t use a regular renovation crew, the bailiff won’t start without it.  

 This is in the city. Currently in working with my PM to short thing out with the tenant try to resolve it internally before I get the court involve. 

Quote from @Galen Ikonomov:

I will just step in and tell you that Ohio is very landlord friendly, so you won't have big troubles kicking out the tenant. I don't think it would take more than $2-3k. 

 o.O I didn't expect the eviction would cost $2-3K. I'm working with a PM and their price for the eviction is $500. So, I'm guess the $500 is just the fees and the other stuff would cost more then. 

Thank you for your help. 

Going through an eviction process with my tenant, and wanted to know what some of the hurtle that landlord has to jump through to get tenant evicted in the Cleveland OH market? and what the cost of having a tenant evicted? So far, my tenant has been causing me a lot of problem on top of my previous property manager refusing to refund my tenant security deposit.  

Quote from @Nicholas Misch:

Cleveland is amazing depending on your strategy and what your hoping to accomplish. 

 Thank you! My plan is to buy and hold for long term and with strong cashflow in the Cleveland market I think investing in the area is a good way for me to start out.