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All Forum Posts by: Ryan Kramer

Ryan Kramer has started 2 posts and replied 2 times.

Post: Medium Term Rental Guidance

Ryan KramerPosted
  • Posts 2
  • Votes 4

I live in a suburb East of Cleveland (Wickliffe). I am considering turning my primary residence into a medium term rental within the next 6-8 months, since it is already furnished. My house is a 1,000 sq. ft. 3 bed, 1 bath, with a detached 1-1/2 car garage, partially finished basement with washer & dryer, updated kitchen, and deck off of the rear. One of the bedrooms on the ground level is currently my office, and I was considering keeping the desk, and buying a monitor & docking station. I also plan on moving the master bedroom (currently upstairs) to the other ground floor bedroom, and making the upstairs bedroom a "guest room."

I am relatively close to hospitals on the East side of Cleveland, as well as other hospitals in other surrounding cities, so I think that I am in a good location for this. Am I on the right track? I have already read 30-day stay, but would like some input from others in the area who have experience. TIA!

Edit: Also, trying to figure out how much to ask for rent. As a long-term, it looks like I could rent for $1,400/month. Looking at Furnished Finder, and I'm seeing comparable properties in the area from $2,500/month up to $3,500/month. I'm thinking of asking for $3,000/month? I could also use some help with finding a cleaner. Any references for that are appreciated!

Post: New Investor Intro

Ryan KramerPosted
  • Posts 2
  • Votes 4

Howdy! My name is Ryan, and I live in a suburb on the East side of Cleveland. I currently own one side-by-side duplex in Euclid (purchased end of 2022), and am looking to eventually buy more rental properties, and possibly get into medium term rentals. Goal is to eventually quit my day job (land surveyor, mostly for construction). Had a bad experience with Cleveland REIA and will never go back!