All Forum Posts by: Nathan Fisher

@Joshua Perelli so only a crazy person would accept being a LAIC for an owner self managing. The amount of liability they would take on is insane. Housing violations, lead remediations, FHA lawsuits, Personal Injury

Even property managers shouldn't do it. But at least they have some control and understanding of the property. 

My work around was to find a 75 year old dude with no credit and no assets, who wanted a new truck.

@Bob Stevens  you know this rule just changed like 4 months ago?

Dude, Just get him a better toilet/ fix the plumbing.  This may be the worst case of being pennywise and pound foolish. Would you really want a tenant leaving human waste in the apartment?

Don't be cheap, just fix the issue.

You may be able to find a bunch of us at these events:

https://investorsourcecle.com/

They have a solid monthly event , 1st Thursday of Every Month 5pm-7p at Icon Cowork In Lakewood. So tomorrow.

Also, the Great Lakes REIA has a decent one on the east side. https://www.greatlakesreia.com/

https://investorsourcecle.com/

They have a solid monthly event , 1st Thursday of Every Month 5pm-7p at Icon Cowork In Lakewood. So tomorrow.

Also, the Great Lakes REIA has a decent one on the east side. https://www.greatlakesreia.com/

sent you a message. 

I love all these events. 

I'd say just sit back and relax. You got the short end of the stick, but sounds like your PM company is taking the right steps. It won't be quick, but you can always recover in second cause.

Remember it's a decades long investment. You will have bumps in the road, but over time, you'll see plenty of returns.

As I go through the trainwreck of the new Cleveland Rental Registration Process, I wanted to help everyone else out and create a guide. It is not legal advice and is not guaranteed to be accurate. I'll update it as I learn more.

You may be thinking, "I already registered for my rental this year." I did too. But Cleveland had all their data destroyed in a cyber attack.  You have to do it again. A few properties are still registered, you can check them here: https://aca-prod.accela.com/COC/Default.aspx

If you do not have a rental registration, you cannot evict, and eventually they're going to start throwing out fines.

To get a rental registration in Cleveland Proper you will need the following:  - links attached

1. A certificate of Good Standing with the State of Ohio - LLCs Only - It costs $5. If you haven't registered your LLC with the state of Ohio, you'll have to do that too. https://ohio.gov/business/resources/certificates-of-good-sta...
2. A Lead Clearance certificate from within the last 2 years.
3. A Local Agent in Charge form - You need to have a person living within Cuyahoga or neighboring counties to be a "local agent in charge."  they don't have to do actually do anything, merely exist. Yes, the form must be notarized by the agent. Yes, there is the possibility of legal action if the property owner doesn't follow through.
4. Proof that your property taxes are in good standing. I'm not 100% certain how this one works yet, since most people pay property taxes
through mortgages, but you can download a pdf here: https://myplace.cuyahogacounty.gov/

5. If you have 4 or more units, you have to prove that utilities are current, and every year you need to get a HVAC Certification. Usually that means water/ sewer bills through Cleveland Water and NEORSD. Make sure you have a fax machine, cause you'll need to send your documents that way.

Rental registration is $70 each, plus convenience fee. All the documents need to be uploaded in the accela https://aca-prod.accela.com/COC/Default.aspx
More Details can be found on the city website. https://www.clevelandohio.gov/city-hall/departments/building...

A few properties are still registered, you can check them here: https://aca-prod.accela.com/COC/Default.aspx

Is this an intelligent method of getting a rental registration and improving the city? No. Is it the law my hometown voted for? Yes.

In the meantime, good luck and I hope this helps. Want someone to do this for you or need a Local Agent in Charge?  I'm probably the only one who's done the process all the way through. Give me a shout.

Data hack reference:
https://www.wkyc.com/article/news/local/cleveland/cleveland-...

A good contractor is worth their weight in gold. Your best bet is to get your property manager lined up. Many will make suggestions of their good contractors if you're going to use their services.

Otherwise, @Alex Henry  is a reasonable contractor.