Hello BP community! Just put a place into contract in the west Cleveland area! Upon doing due diligence, the owner of the house doesn’t own the appliances, they are rented by the tenants. Is this normal for this area? I’ve ever only lived in California or Colorado, and that is certainly not common. thanks for any feedback!
It sounds like the exact opposite is happening. The tenants are renting the appliances, so if the landlord is charging market rate then he's actually making more money.
this is not typical. Most rentals will include the kitchen appliances. If washer dryer hookups are available, it's probably a 50/50 split as to whether the landlord provides them or the tenant has to bring their own.
I have heard of the washer and dryer situation before! But not the kitchen appliances. I just wanted to make sure I wasn’t missing something, I found it weird. Thank you for your input. The rents are below market value however, so I am sure he is missing out on some revenue.
Very common in the Cleveland area for the tenants to supply their own appliances.
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
4y
Well talking about tenants renting them vs just owning them or buying them on store credit is just semantics. I don't know about "renting the appliances" but yes it's common for tenants to supply their own appliances in the Cleveland area. Whether they own them outright or buy them from one of those stores where you can rent to own or whatever that they have in low income neighborhood is fairly irrelevant to you, the landlord. Case in point, yes it's common for tenants to supply appliances.
Investor · Charleston, SC · Member since 2022 · 6 posts · 0 votes
4y
This is a common option for laundry appliances in Charleston- at least in large multi-family/apartment properties with a maintenance employee (who can install, remove, and transfer large appliances to and from units). For example, a tenant can rent washer/dryer for $40/mo or they can provide their own. But kitchen appliances? Really? I can't imagine asking someone to rent the dishwasher or refrigerator!