Hi Guys,
Does any know what the rental market is like int he Cincinnati / Dayton market? I've come across a number of deals in these cities and would like to get opinions before I head down there?
Hi Guys,
Does any know what the rental market is like int he Cincinnati / Dayton market? I've come across a number of deals in these cities and would like to get opinions before I head down there?
Hey Karim,
I'm currently wholesaling in the Dayton area. There are some great deals here. There are areas to stay away from, for example, immediate west/north of Dayton. There can be some good rental properties, but I've learned through investors we've worked with that its not worth the hassle. Areas like Huber Heights, Kettering, Centerville, Beavercreek, West Carrollton, Belmont, to name a few are the most desired areas to invest in.
I went to school in Oxford, OH, and there is always a demand for units there. I do not know what prices are like these days. That might be a place to look. There are two or three PM companies and the units always rent.
I don't have any rentals in the Cincinnati/Dayton area but have some in Akron and Columbus. In Akron and Columbus, the water bill cannot be put in the tenants' name. Most turns I have had in these properties have ended up with an extra water bill to pay. It's not usually a huge amount 100-200 but it would be nice to know if you will have this issue in Dayton and Cincinnati as well. I haven't seen this issue in any other state.
I've stopped purchasing in Ohio because rents seem to be going down a bit. I'm seeing rents rise in my other rental areas. Double check to see how the economy is doing and what experts are predicting regarding future growth.
McKellar Newsom,
Telephone: 423-902-8558
McKellar Newsom
423-902-8558
mcknewsom@yahoo.com