All Forum Posts by: Marc Rice

@Patrick Ruff

Cleveland has a declining population. If you want more stable rents and greater appreciation I suggest Columbus. It's tough to find a 1% rule on market that is not in a B-/C+/C neighborhood just because it's so hot here now, especially if you're wanting turnkey. But I will say you can still find 1% deals they just usually need some work to bring it up to that level. Off market you'll find better deals than on MLS.

Overall though the B-/C+ neighborhoods are not bad places and any management company will take a property there.

@Nick Pawlowski I'll message you

@Steven Wilson

South Linden and Hilltop are definitely the diciest, by the Casino of Lincoln Village is similar. I will say I have not spent too much time over there walking just driving. It’s all subjective, gotta love real estate !

@Nathan W.

Originally I did, but after really thinking through what a D class neighborhood means I don’t think Columbus has any. Even in the worst neighborhoods I would feel uncomfortable walking though but wouldn’t feel threatened for my life due to gang violence or insane amount of crime. I’m sure some worse cities like Detroit or Compton could have those D class neighborhoods where you’d be concerned for your life to walk through but I have not found that in Columbus. That’s why I grade it a C- class neighborhood and not a D.

Good question though!

@Eric Kulling If you're considering out of state I'd strongly recommend Columbus, OH here. Great appreciating market, midwest prices, and lots of strong attractions driving people to move here. I have the entire city mapped out as A -> C- if you'd like to see.

A (best), B (just under the best), B-/C+, C, C- (not good, but not scared for your life), D (scared for your life)

@Heather B.

Ray Kroc started McDonalds when he was 52. What’s your excuse?

@Bonnie Rhodes bought my first at 22, started in real estate when I was 21 helping investors

@Tyler Dix

It seems like a PM vendor issue more so than the PM. Per David Greene’s advice, I always recommend to get at least 3 quotes that break down timeline and cost and then choose from there.

PMs main role is to fix those big issues when they arise so I’d be a little concerned on their vendor reliability because you shouldn’t have to message them multiple times.

I would discuss with them how you can work together to make sure this doesn’t happen again. If it happens again I would then reconsider. AC techs are pretty slammed, especially down south so it’s not surprising that occurred.

@Alicia C.

Congrats on falling into real estate! Short term rentals are a great investment strategy in all types of markets. As the years pass you’ll continue to increase your equity on those 2 homes so you’ll eventually be able to tap into that equity to purchase more. Keep up the good work!