All Forum Posts by: Jonathan Pavkov

Hello, 

I am in the Ohio market with 3 deals on my desk! Does this sound likely? 90%

@Jonathan Pavkov I’m based in Cleveland, but want to start in Columbus! If you have any tips/locations that can support this business model I’d love to connect further and chat.

@Isaiah Stiverson 

Similar to what Bruce said, I typically post a letter on each tenants door of the new rent. In Ohio you have give notice prior to the end of the current month, with a full month before the increase. For example, if you wanted rents to increase on October 1st, notice would have to be given no later than August 31st. If you waited until September 1st, rents could not legally increase until November 1st. This of course is assuming they are not under a current lease agreement, if they are, you must abide by the terms of the previous landlords agreement until it expires at which point you could increase rents or have them sign a new lease with a new price. In my letter I typically give some explanation as to why the price is increasing, usually market rents are a major factor, but I have also increased rents due to higher taxes, utility cost, etc. I just give them the honest reasoning behind my decision, and I have had very little push back over the years. Of course providing a great housing experience, being reasonable with rents, and being responsive for repairs and other issues helps ease any rent increases. My last tip would be to give incremental increases, I have purchased properties where the average rents were $300 under market, to reduce my vacancies I would do 6 month or 12 month increases vs just raising it $300 right away. As tenants naturally turn over I can then bring in the new tenants at the current market rate, while slowly stepping up my inherited tenants to market rate.

I am a 25 year old travel nurse looking to get into STR (in luxury apartments) and place them on the Airbnb market place. I'm at the beginning of my venture doing my research and would love any tips on how to connect with luxury apartment owners, how to pitch to luxury apartment owners and which apartments are airbnb friendly in the Columbus, Ohio area—along with any tips or do's/don't s when starting an airbnb!