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All Forum Posts by: Steven Taylor

Steven Taylor has started 1 posts and replied 74 times.

Post: Investing in Ohio-Specifically Section 8

Steven Taylor
Posted
  • Investor
  • Lorain, OH
  • Posts 78
  • Votes 47

Lorain ohio 

Section 8 properties anyone got questions please reach out to me. We have 500 plus properties on section 8 in Lorain and elyria

Post: rents going up

Steven Taylor
Posted
  • Investor
  • Lorain, OH
  • Posts 78
  • Votes 47

Agree my net worth has gone up 3x in the last 5 years. Fun to watch

Post: rents going up

Steven Taylor
Posted
  • Investor
  • Lorain, OH
  • Posts 78
  • Votes 47
Quote from @John Underwood:

@Steven Taylor

I agree. I'm getting double the rent I was getting not that long ago.

And the appreciation on houses I have owned 10 years or more is crazy.

Owning real estate is how wealth is created.


Post: rents going up

Steven Taylor
Posted
  • Investor
  • Lorain, OH
  • Posts 78
  • Votes 47
Quote from @Bill B.:

You’re at 25 years and rents haven’t doubled yet? That’s well under 3% per year. That’s not too good. Hopefully you don’t face another bad 20 years and the last 5 is your new normal. But 20 years with less than 1% per year rent increases? Each year being worse than the one before with higher insurance, property taxes and wages? I definitely would have bailed. You were losing to inflation, and that’s hard in real estate. It’s weird you almost have to hope you had no appreciation or your return on equity was getting much worse every year. For example Our home values have more than doubled in the last 10 years but the rents are only up about 80%, so the returns on equity are decreasing. 

If you truly believe you could be looking at another 10-20 years of sub 1% rent growth bail now before others figure that out and the values tank. Good luck either way. 


 yes rents have gone up slow but it has allowed me to buy over 300 of these in the last 25 years and has paid off very well for a guy that just made it though high school. Im not a very sophisticated investor like many in this group, but i just keep it simple does the rent cover my expenses and someday the tenants will pay this place off for me. 

Post: rents going up

Steven Taylor
Posted
  • Investor
  • Lorain, OH
  • Posts 78
  • Votes 47

Here is lorain ohio we keep they full most of the time Hardest part is getting them rent ready

Post: rents going up

Steven Taylor
Posted
  • Investor
  • Lorain, OH
  • Posts 78
  • Votes 47

For those of us that have been doing this for a long time (25) years its crazy to see how much the rents have gone up in the last 5 years. When I started I had a 2 bedroom for $495 a month it took 20 years to get that rent to $575.  Now in the last 5 years have gone to $895 

I have houses that was $500 now $1300 

Will we ever see this kind of inflation again? 

To be honest I dont think the rents have maxed out just yet. 

Post: Lorain Ohio investors

Steven Taylor
Posted
  • Investor
  • Lorain, OH
  • Posts 78
  • Votes 47

That area is a great rental area send me a message we can talk about it. Plus we can help with your cleveland property

Post: Looking for good PMC that covers Lorain

Steven Taylor
Posted
  • Investor
  • Lorain, OH
  • Posts 78
  • Votes 47

we can help you at Sandstone Realty We are based out of lorain give me a call at 440-315-0312

Post: Lorain County Property Manager Needed

Steven Taylor
Posted
  • Investor
  • Lorain, OH
  • Posts 78
  • Votes 47

We can help you We are based out of Elyria. Give me a call 440-315-0312 

Post: Cleveland Property Management

Steven Taylor
Posted
  • Investor
  • Lorain, OH
  • Posts 78
  • Votes 47

We can help if only on the west side of cleveland 

You can keep the east side