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All Forum Posts by: Lily Wong

Lily Wong has started 4 posts and replied 17 times.

Post: Looking for Property Manager in Cleveland, Ohio (East cleveland)

Lily Wong
Pro Member
Posted
  • Posts 17
  • Votes 6
Quote from @Sarah Mills:
Quote from @Lily Wong:

Hi Everyone,

I'm new here and currently looking for a decent property manager for East Cleveland, Ohio. It's been a real struggle finding decent ones who will even service that area. Would love any recommendations/advice or learnings anyone has with that. My specific zip code is 44112. I'd also love to get PM recommendations for Cleveland, Ohio in general as well for future needs. 

Thank you so much. 


 Hi Lily!

Like many, I prefer not to manage East Cleveland properties. However, I do have a few in Cleveland Heights and Shaker if you end up with any in that area and would like to discuss further. 

Thanks!

Sarah Mills


 Thanks Sarah! Will DM you!

Post: Looking for Property Manager in Cleveland, Ohio (East cleveland)

Lily Wong
Pro Member
Posted
  • Posts 17
  • Votes 6
Quote from @James Wise:
Quote from @Lily Wong:

Hi Everyone,

I'm new here and currently looking for a decent property manager for East Cleveland, Ohio. It's been a real struggle finding decent ones who will even service that area. Would love any recommendations/advice or learnings anyone has with that. My specific zip code is 44112. I'd also love to get PM recommendations for Cleveland, Ohio in general as well for future needs. 

Thank you so much. 


 Writing is on the wall........You're getting turned down because your property is in the hardcore ghetto. You will never solve the problem of being unable to find quality management when you've got properties in the hardcore ghetto.


Hi James, I understand its a rough area and am looking for a solution. I actually reached out to your team last week after watching your youtube videos and someone from your office called me today regarding your team possibly managing it. Not sure if this response means you don't service this area? 

Post: Toledo Scams ⚠️

Lily Wong
Pro Member
Posted
  • Posts 17
  • Votes 6
Quote from @Engelo Rumora:

G’Day BP folks,

A fellow Toledo investor started a Facebook group revealing all local scammers.

Mostly contractors.

10+ years of investing in Toledo and stopped counting at $1m in losses.

It’s just the nature of the beast and the cost of doing business in my eyes.

Unfortunately, Toledo is notorious for bad operators and poor quality of workmanship in many industries.

Maybe this group will help you not loose the same amount of cheese that I did $$$

You’re welcome 😇 

https://facebook.com/groups/786864700099337/


Thank you for posting this! Much needed. Do you have a contractor that you would recommend for Toledo? The one I used was the worst workmanship I've encountered and didn't complete the job either.

Post: Hello Bigger Pockets Community! New here & excited to learn more

Lily Wong
Pro Member
Posted
  • Posts 17
  • Votes 6

Hello Everyone!

I'm new to the bigger pockets community! Long term podcast listener but just started reading the forums! 
I'm looking to start investing OOS and I'm interested in learning from anyone who has had success and failures. 

Would also love to learn about flips and short term rentals. 

Please feel free to connect, I would love to make new connections & chat. 

Thank you 

Post: Experience of OOS investing in Cleveland after 1.5 years.

Lily Wong
Pro Member
Posted
  • Posts 17
  • Votes 6
Quote from @Vadim F.:
Quote from @Lily Wong:

Hi Luka,

I also just started to invest in Cleveland area but East Cleveland. Would love to know if you used a PM to rent to section 8 only? Or are all these tenants they've been placing non section 8 tenants? From what I've been hearing it's approximately up to 3 months to place section 8 tenants there but the leases can range anywhere from 1-5 years. Currently, my strategy is to rent to section 8 tenants for the guaranteed income. Would love to connect to hear more about your experiences as well and any PM recommendations. 

 Hi @Lily Wong. I am curious why you chose to invest in East Cleveland? Is this your first investment property or are you a seasoned investor? East Cleveland can be really difficult to get quality tenants and you will need a PM who knows the tenant base of that area really well......many PMs do not want to work in certain parts of that area. Regarding S8, the leases are 1yr only, but S8 tenants tend to stay longer vs cash paying tenants. Unless you have a very strong team on the ground, I would not recommend investing in EC.

Hi Vadim,

Seasoned investor but new to OOS investing. I made a trip down to Cleveland a couple months ago to check out opportunities there and hence made the decision to invest in East Cleveland mainly for cash flow. Based on some research & working with a number of agents and chatting with housing authority I understand there's higher risk. I have heard mixed reviews on East Cleveland and heard the tenants is an issue but I'm specifically looking to rent to s8 only for the guaranteed rent. Currently just missing decent PMs to work with and looking for more recommendations. Would love to hear more about your current experiences with Cleveland in general and your recommendations.

Post: Looking for Property Manager in Cleveland, Ohio (East cleveland)

Lily Wong
Pro Member
Posted
  • Posts 17
  • Votes 6

Hi Everyone,

I'm new here and currently looking for a decent property manager for East Cleveland, Ohio. It's been a real struggle finding decent ones who will even service that area. Would love any recommendations/advice or learnings anyone has with that. My specific zip code is 44112. I'd also love to get PM recommendations for Cleveland, Ohio in general as well for future needs. 

Thank you so much. 

Post: Experience of OOS investing in Cleveland after 1.5 years.

Lily Wong
Pro Member
Posted
  • Posts 17
  • Votes 6

Hi Luka,

I also just started to invest in Cleveland area but East Cleveland. Would love to know if you used a PM to rent to section 8 only? Or are all these tenants they've been placing non section 8 tenants? From what I've been hearing it's approximately up to 3 months to place section 8 tenants there but the leases can range anywhere from 1-5 years. Currently, my strategy is to rent to section 8 tenants for the guaranteed income. Would love to connect to hear more about your experiences as well and any PM recommendations.