All Forum Posts by: Jeff Brenot

@Ryan Arth great tip about putting an overage charge in the agreement. Really appreciate it!

Interesting that manufacturing companies can't find enough people. I would have thought it was the exact opposite. 

In regard to another subject, what would you say is a typical monthly insurance cost for a duplex in Lakewood? 

Also, do you have any preference for Westside vs Eastside?

@David Terbeek Thank you for your prompt reply! Any suggestions on how to keep the water bill to a reasonable level? Last thing I need is for the tenant to do is open a car wash and me being required to pay the water bill. 

Are you familiar the North Ridgeville area? I have read more companies are beginning to move there. Is there good growth there? Is it rentable? 

On the topic of manufacturing, political views aside, are people in Ohio optimistic that there will be more jobs soon with Trump in office? Are you seeing any evidence of this?

Additionally, does anyone know what the progress of the Opportunity Corridor is? Do you foresee redevelopment in this area soon?

Thanks in advance everyone!

Hi Everyone, 

I have been interested in investing in the Cleveland area for about a year now. However, when I went to visit the city in September, it was even better than I expected. I currently live in Austin, TX. Austin is a great city, but it's getting very expensive. I am looking to make my first real estate investment in the next few months. I think Cleveland would be a great first step since it's relatively inexpensive and on the rebound. However, I am concerned about investing out-of-state for my first purchase. 

I have definitely heard from many people that Lakewood is a great area to invest. I am mostly interested in multi-family and think a duplex would be a good starting point. 

Had a few questions. What utilities are landlords in the Lakewood area usually expected to pay in order to remain competitive? What must a unit (consider a duplex) have in order to have rents >$750? Is there any difference in rentability for a side-by-side duplex compared to a top/bottom level duplex? 

I am interested in speaking to any realtors and property managers in the area so please feel free to PM me. Thanks!