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All Forum Posts by: Janeile Cudjoe-Myers

Janeile Cudjoe-Myers has started 3 posts and replied 20 times.

@Darius Ogloza

Imagine thinking that doing a PSA advising people who paid for sex should get tested is a good spend of $$$. This is government. 🤦‍♀️

Post: PM and Investor Friendly Agent in Toledo, OH

Janeile Cudjoe-MyersPosted
  • Toledo, OH
  • Posts 21
  • Votes 18

@Jonathan Wooten

You're welcome!

Post: PM and Investor Friendly Agent in Toledo, OH

Janeile Cudjoe-MyersPosted
  • Toledo, OH
  • Posts 21
  • Votes 18

@Jonathan Wooten

I'd recommend LaPlante Real Estate. It's both a brokerage and a property management company. Most of our agents specialize in working with investors (in and out of state) and the PM side is adept at working with many assistance programs.

@Bob Stevens "Depressing city"? As a Toledoan I resent that assessment. There is plenty going on here. If you want to just walk out the door and happen on a good time that's not going to occur. But there are things going on all the time for those inclined to do a little research and planning.

Downtown is going through a bit of a renaissance. It's slow but happening. There's been a lot of movement with blighted sites and commercial real estate that has been sitting vacant for decades.

There are pros (and cons) to every city - Toledo included.

Quote from @Michael Temple:

I am with @Andrew Fidler and I don't think this is going away. The optics of the situation and its effect on politicians to now back off of this after all the rhetoric they whipped up is impossible. I believe the courts will eventually side with the city, BUT the question at hand is what does this look like after all that comes down. I have said all along if the city wants a law like this then EVERYBODY goes into the pot. Apartments, homeowners, etc. Not just one small select group of property owners. I have personally had issues with houses I was working on where the property next door had peeling paint but because they were an owner occupant they didn't have to address the issue. My property would have paint blowing into the yard that I had to clean up. If someone in my property were to have lead poisoning and the health department were called in I would be the only one under the microscope. The peeling paint coming off the neighbor's house wouldn't even be a factor in the investigation, discussion, and the lawsuits that would follow even if it was pointed out this could be the source of the problem. Therefore the only way to be fair is EVERYONE must comply or nobody.

I am all for improving housing, but not as an unfunded mandate that is thrown against only one group of property owners while ignoring all the other types of property owners (apartments & owner-occupants) and factors (lead pipes still in city water lines) that could go into the lead problem. Either we have an honest discussion about the problem as a whole and EVERYONE contributes to the solution or we let things stay as they are until EVERYONE is ready to be involved. Housing providers didn't create this problem over night by themselves. This has been a long time coming and it needs to be a community solution with every property involved, an efficient and effective inspection system that is fair, and most importantly A LOT of money to help property owners become compliant without bankrupting them. It is that last piece that will be the most problematic. Government is great at issuing mandates and fines to enforce, but not quite so good at providing funding to help with those mandates.

Andrew brings up another good point about the unintended consequences of this law if it is allowed to stand exactly as it is right now. This law was modeled after Rochester New York, where today the blighted housing stock stands at 35% and rising. Property owners have simply thrown up their hands and walked away and now you have a decreased supply of rentals and an increase in blighted and abandoned properties that are turning into eye sores and problems. That will likely happen in Toledo because as Andrew pointed out, putting in a $30K investment into a $20K house and renting it for $400 per month simply won't work. So, one of two things will happen. The property will become abandoned and eventually have to torn down or an investor will put the $30K in, but now it will rent for double or more and push all the people that can't afford that rent away. Where they will go is anyone's guess. It has happened in other cities and progrssives have a name for it, they call it gentrfying and say the word with venom as if the people investing caused the problem. Nope, laws like this are what will eventually create it assuming it doesn't go the other way and just stay an abandoned, blighted, and crime ridden mess.

I know of several areas in Columbus that gentrifying has occured and some of those previously blighted and run down neighborhoods are now posh upper middle class areas. Where the people that used to live there went I am not sure of, but they couldn't afford to stay there. Unfortunately I am not sure Toledo will go that route. We don't have a dynamic and growing economy as Columbus does, we arent the state capital, and we don't have any modern industries coming in to provide jobs and higher incomes that would push up the need for housing to improve in those poorer areas of Toledo. I could be wrong and I hope I am. I would love to see the entire city improve, but I am just not convinced that is where this will go.

This is a big problem that will involve everyone if we want to find a true solution. Time will tell if we get there. 


Spot on about gentrification. I hate the way it's used as if it's a dirty word. Our political class is full of people who make policies that they can high-five themselves and feeeeel good about now but that have long-term, devastating effects on the populace - that they will later feel the need to "fix NOW". And the cycle continues until the voter figures out what's happening and removes them from office.

Go Bucks and Go Rockets! Welcome to BP, Danielle!

@Stephen McDonald Kudos for taking the time to run the numbers. I just look and drool. lol. I want rentals in that area so bad! But I did think the price was pretty high and that rents seemed low. You could probably raise rents in a value-add move.

Post: BiggerPockets Podcast from the beginning

Janeile Cudjoe-MyersPosted
  • Toledo, OH
  • Posts 21
  • Votes 18

You know you're a BP podcast nerd when you say "quiiiiiiiick tip!", sing "Famous Four!", alter your voice down a few octaves to say "Deal Deep Dive", and giggle like a schoolgirl for all of David's creative sign-offs. #ImOwningIt

I don't have any property yet so can't say for certain, but I know @Andrew Fidler is a local player in property management and also an  investor.

@Nick Love

I'm getting into real estate marketing and want to own multifamily and commercial some day.

Just sent you a connection request! I think I still qualify as a millennial. Lol.