All Forum Posts by: Jack Dagnese

I'm following along on this topic too. I have a property I'm interested in. I'm trying to avoid having to use a PM for cashflow purposes yet the only LAIC I can find will only do it if the property has a PM.

Hi Vanessa,
I’ve been trying to find something, anything to verify if this law is actually being challenged in court. Something of this magnitude would normally have a newspaper article, or a publicly accessible court docket. I’ve been unable to find anything.

I’m new to the Cleveland market and was able to navigate the LAIC issue. I’m not located too far from you - I also own an investment property in Southern NJ. Let’s connect.

1 Vote

Cleveland, Ohio

Quote from @James Wise:

Quote from @Ryan Arth:

Obviously they are putting more pressure on out of state investors that invest within Cleveland proper, but spreading liability to the property manager is a new twist. The mayor has been hot on out of state investors and poor property managers since his campaign.

I was speaking with an agent last night who said that their brokerage told the property management division to get out of any contracts within the city limits. They don't want the company to be potentially liable if an owner doesn't follow through with the inspections and repairs.

After the GFC, we needed the capital investment or they would have had to tear down more houses than the thousands that they already have. Apparently now those investments are less interesting to city hall.

As always, some bad actors cause burdensome regulations for everyone else.

Per the Akron Cleveland Association of Realtors:

"For example, in Cleveland, a local agent in charge must be identified if the property is not owner-occupied. However, if the owner lives in Cuyahoga County or a contiguous county, the owner may be listed as the local agent in charge. If the owner does not meet that residency requirement, another human being must be identified as the local agent in charge. If a problem arises with the property, the City will attempt to contact the owner and hold them accountable. However, if that effort fails, the local agent is equally liable – criminally and civilly – for any fees, fines, etc. associated with the property."

Give it time, this is getting shredded in court as we speak. City's with radical liberals in power like to throw unenforceable laws on the books. County, State and Federal rights supersede the craziness that some random liberal city council & Obama impersonator try to pull.

Nothing you are saying here is incorrect. However, I cannot find any court cases where this is currently being challenged. Could you provide some further insight? Don’t forget, the same radical politicians that enacted this law also appoint city judges….

0 Votes

Cleveland, Ohio

Good morning,

I am looking to connect with a REA in Charlotte County, FL. I am gearing up to purchase an investment property and I am specifically looking in the area of Port Charlotte, FL and/or Punta Gorda, FL. This will be my second investment property, but the first I am purchasing in FL. I am located in NY, so it is a long-distance investment. I am looking for an agent who has experience with working with investors and who knows the area well (rents, desirable areas vs. undesirable areas, etc). Another big factor in my search for an agent is someone who has extensive experience in the process of vetting prospective tenants.

I would love to connect and discuss what my strategy is and in return get feedback from a professional in the area in hopes of finding a match that would be mutually beneficial and lead to a strong business relationship.

0 Votes

Quote from @Michael Baum:

Hey @Jack Dagnese, any reason you don't set it up and do it yourself?

Full time job and a family, do not have the time to do it on my own yet.

0 Votes

Hello all,

I'm looking to see if anyone on here is currently a landlord in Atlantic City, NJ and has a lease with an arbitrage company? I currently have an unoccupied property that I am looking to have leased by the end of April at the latest. Options are a tenant with an annual lease, or doing arbitrage. I have no interest in managing an AirBNB myself, or doing AirBNB with a management company. Please let me know.

Thank you!

0 Votes

Hello all! One strategy my partner and I are looking to do is invest OOS. We are located in NY. I know there are a ton of people on here doing so. I would love to connect with RE Brokers/Agent’s, property managers or both to discuss what is available in your area and what my partner and I are looking to do!

Thank you

4 Votes

Good morning all,

Newbie here who has been scouring these forums, reading books and speaking to people in the business as I educate myself to invest in real estate. I'm currently working on financing as I develop an investment strategy for rental properties along the Jersey Shore, NJ. I am reaching out to see if there is anyone on these forums who is currently doing the same and could offer advice on investing in rental properties in said area. The prices seem to be sky high right now and when I crunch the numbers it doesn't look like a good time to invest. Thank you!

0 Votes

All Forum Posts by: Jack Dagnese

Jack Dagnese has started 4 posts and replied 7 times.

Post: New Regulations in the City of Cleveland

Post: New Regulations in the City of Cleveland

Post: Looking for a REA in Charlotte County, FL

Post: Arbitrage in Atlantic City, NJ

Post: Arbitrage in Atlantic City, NJ

Post: Looking for OOS investment opportunities

Post: Newbie looking to invest in rental properties on the Jersey Shore