All Forum Posts by: Rebecca Bauer

lol

Thanks James, let me know when your "team" gets it overturned.

The LBP and balance yes - the financial part was recent. I did not see any mention in the posts herein. 

Anyone else hear of passed legislation mandating the property managers in addition to property owners are now responsible financially for any repairs not done on properties, taxes not paid and rental certs not submitted/paid for, lead based paint fees/apps and required work, HVAC certs every year and proof utilities (water/sewer) as paid, and general compliance matters? One of my attorneys suggested it be appealed. Think a group effort for such ....perhaps NAR should be fighting this or IREM.

This is exactly why you need an experienced property manager.

I certainly understand, and seem to sit every other week myself in court, however I still believe they are better in Lorain County than Cuyahoga. I cringe every time I have to Zoom meeting for Cleveland. I already know the outcome, and months go by again one way or another....landlords have footed the bill for this country long enough through Covid, and I am one of them. It's time we created our own national coalition and got some teeth into the prevailing parties' agenda.  There is no reason a property owner should take it up "the ---" for tenants who likely should not have even been in the property to begin with - they don't care ....so let them live in tents.

As a broker and property manager serving all 3 areas I can tell you at present you are looking at about $400-800 depending on amount of time, filings, and bs you have to go through with your tenants. Could be more but this is typical approx costs. Appears some judges in both Lorain and Elyria are taking some cues from Cleveland but Cleveland is heavily making landlords accept rental assistance before evicting and this can take 2 months or more depending on agency. However, as a whole the $ is there for landlords, and the courts are trying to make tenants cooperate and submit and follow through the process. We have been very successful with such filings both for and against rental assistance but really depends on the tenant/saga you are in with them. So yes, it is tenant favored city but Lorain and Elyria are a little better in my opinion.   If you want to evict you need to stay the course and realize it will take time, so if you have to wait, you might as well get paid your back due rents for waiting. 

As a broker and property manager serving all 3 areas I can tell you at present you are looking at about $400-800 depending on amount of time, filings, and bs you have to go through with your tenants. Could be more but this is typical approx costs. Appears some judges in both Lorain and Elyria are taking some cues from Cleveland but Cleveland is heavily making landlords accept rental assistance before evicting and this can take 2 months or more depending on agency. However, as a whole the $ is there for landlords, and the courts are trying to make tenants cooperate and submit and follow through the process. We have been very successful with such filings both fur and against rental assistance but really depends on the tenant/saga you are in with them. So yes, it is tenant favored city but Lorain and Elyria are a little better in my opinion. 

This market is not going away any time soon. You will be competing with all cash investor buyers and you will lose because they are not "getting deals" anymore either. Cash investors in Cleveland are list and over and the only way you can combat some of this is by waiving contingencies, which can put you at further risk. All properties sold in Ohio are stated in "as is condition" - that means you are taking it in its current physical form/condition. No promises, no repairs, no insight. What are your options - you can go considerably up in price as a BRRR and waive inspections but if your appraisal comes back requiring repairs, you are DOA and you will be in competition with those who can close in 2 weeks cash and waive inspections if needed to get the property. Maybe cut the appraisal time down to 10 days, offer nonrefundable earnest money if it does not close, etc. Market is tightening up - who cares if you are paying more for it right now - hold it , make your money, gain your equity ...because there will be nothing left for you to buy. Be patient, keep writing offers an make the balance of terms attractive to the owner so they will take your loan over cash.

Consider putting debt collection language on all your notices; notifying your tenants you are in fact a debt collector as this latest information is now making evictions fall under the debt collection practices processes as well.  City of Cleveland is cracking down on this and other requirements to include lead safe certification and status certification by zip code at varying calendar dates. In addition, every entity has to be registered with State of Ohio before filing an eviction, Cleveland Affidavit for eviction is needed, eviction filing checklist is available as well. Contact the Cleveland Housing Court for more information. Best wishes.