All Forum Posts by: Jemma Jacques

Does anyone have a general range on what a 4 BR 2.5 BA would rent for in Cleveland Heights OH? Our PM told us that they would rent it for $1100 but from all the other properties for rent in the area this seems very low. Our property needs a small amount of work (which we're currently doing - normal unit turnover work and a driveway sealing). Any help/color is greatly appreciated!

Hey there, did you find a good PM please? I'm looking

0 Votes

Cleveland, Ohio

Quote from @Michelle Moe:

Hi Ryan,
I contacted 5 PMs last night, and we’ll see if they get back to me. I am in contact with one other, but I’d like to interview several before I make a decision. I’ll keep you posted!
Let me know what you find out!

Did you find someone good?

0 Votes

Cleveland, Ohio

Quote from @Account Closed:

@Benjamin Seibert

We are a full-service property management company here in Cleveland with roughly 2000 doors under our management. I ran a rental analysis for you on your property and looks like you should expect (in market-condition) a rent price around $ 1770.

I would love to connect to discuss our PM services with you, and I can send over the report!

Can you send me PM info too, I have three houses in Cleveland heights, but need someone good with lead inspections

0 Votes

Cleveland, Ohio

Quote from @Bob Stevens:

Quote from @Edward Koch:

I have 11 apartments so i thought the best plan was an assessment. $50 per apartment and $50 for 2 stairs and extra $50 for two passages $700.00

I now know what is basically required to fix the units. Mostly put more paint where it is damaged and 5 new windows in the unit which has children

Now comes the scary part!!!!!!!!!!!!!!! Once these repairs are done The charge is $500 per apartment and $500 for the stairs and landings. $7500!! They will fill in the lead submission for for FREE!. This is only good for TWO years!!!!!!!!! And then we will have to have another inspection!!

Anybody know a cheapo inspector??

That is about right for pricing, IMO this whole lead thing is a total scam, just and income generator for the city

Hi there, @Bob Stevens

Do you know a good reliable PM in Cleveland please?
Thank you

Jemma

0 Votes

Cleveland, Ohio

Did you find a good PM? Im still looking, what about the lead paint laws... its killing me

0 Votes

Cleveland, Ohio

Good luck, I had HORRIFIC experiences with a few very shady PMs that has now lead me to sell all my houses in Cleveland, don’t be fooled by the rent to loan ratio, with the lead inspections and cost to fix up these houses you’ll be underwater in no time, also I had to file so many evictions, and the clean up after 8 months of no rent and legal fees add up to thousands upon thousands of dollars.

Not worth it

0 Votes

Cleveland, Ohio

Did you find a good one please?

Quote from @Kay Berg:
Still looking for a decent property manager in Cleveland. Have had terrible experiences over the past several years with both Keller Williams (non-responsive, charges all sorts of extra add-on fees) and Monument Management (a horrible company that was increasingly late forwarding rent payments, had huge personnel turnover, terrible communications, and probably worst of all, they doubled and tripled actual cost of repairs!). Would love to find a company that actually tries to provide a prompt, responsive, fairly priced service to property owners.

0 Votes

Hello,

I am in escrow on a building in North Memphis and need to get a loan to buy the property and fix it up, can anyone point me in the right direction please of a good lender for this? someone who is quick is ideal since I am already in escrow. I also have some 1031 funds from a property sale as the down payment....Alternatively a personal loan to buy the building and then I can fix it up down the road since it is a historical building and I might need time for all that process and getting the tax credits.

I have 50% down payment (some of this is part of a 1031 exchange) and excellent credit,
Other option is to get some type of portfolio on loan based on my other investment properties?

Any advice appriciated

Thank you

Jemma

0 Votes

Memphis, Tennessee

Hello,

I am in escrow on a building in North Memphis and need to get a loan to buy the property and fix it up, can anyone point me in the right direction please of a good lender for this? someone who is quick is ideal since I am already in escrow. Alternatively a personal loan to buy the building and then I can fix it up down the road since it is a historical building and I might need time for all that process and getting the tax credits, I have 50% down payment and excellent credit,
Other option is to get some type of portfolio on loan based on my other investment properties?

Thanks

Thank you

Jemma

1 Vote

Memphis, Tennessee

Quote from @Carla Kordab:

Quote from @Jemma Jacques:

I would like to warn other investors about Realty Trust property Management in Cleveland Ohio, I had such a bad experience and want to warn others.... they will talk a good deal upfront but as soon as you sign up it is one of the most awful experiences I have ever had, When you don't live in the city you own a property in you turn your trust over to others and with this team, boy what a HUGE Mistake.....I had tenants who were so unhappy, miss-communicated with, I had to do major damage control after, I've been charged for work that never took place and been totally taken advantage of, Please be warned.

If anyone knows of someone good in Cleveland please let me know,

Thank you

Hi Jemma, I'm sorry for hearing this! Let me know if you have any issues and if you need any assistance!

Thank you Carla, I am going to sell the houses instead

0 Votes

Cleveland, Ohio

All Forum Posts by: Jemma Jacques

Jemma Jacques has started 9 posts and replied 44 times.

Post: Cleveland Heights - Cleveland OH

Post: Cleveland property manager needed

Post: Cleveland Heights - Cleveland OH

Post: Lead paint inspections Cleveland

Post: Cleveland property manager needed

Post: Cleveland property manager needed

Post: Property Management - Cleveland

Post: Commercial loan needed to buy and fix up apartment building

Post: Commercial loan needed to buy and fix up apartment building

Post: Property Management Cleveland- Be warned