Question about Cleveland

Member since 2022 · 3 posts · 8 votes

I know it's a hot market for cashflow, but I was wondering if I could get everyone's take on Youtuber/real estate HoltonwiseTV. They put out these section 8 rentals each day on their youtube that seem like no brainers for such a low cost. I understand that repairs would likely need to be made but does anyone have experience with them. They do property management and encourage out of state investors to use them. Can anyone give me some feedback or your own experience with Cleveland or HoltonwiseTV property management?

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Nathan GesnerBusiness Member

Moderator

Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes

Quote from @Aaron Rumney:

James Wise knows the market. He has detailed guides for every neighborhood in the City.

Be careful. Things are cheap in Cleveland for a reason. Go watch his eviction videos. Do a search on these forums for his posts about the worst tenants. He knows the market inside/out, owns a property management company, but there are large sections of the city his company will sell in but they will not manage. Even though he stays out of those neighborhoods, he still has more horror stories than any single Landlord or Property Manager I know. It's entertaining, but sad. The numbers look great on paper but reality may be far different when you factor in unpaid rent, high turnover, big damages, etc.

You can make lots of money there, but do your research!

The DIY Landlord Book4.7244 Reviews

Website View Page

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Todd Jones
Member since 2023 · 243 posts · 199 votes
3y
Quote from @Tim Bee:

Quote from @Todd Jones:

Quote from @Tim Bee:

Cleveland is in the top 5 of violent crime cities in the entire nation. I would steer clear of that city. Maybe look to investing into somewhere safe.

1) No, it’s not. I checked several “Top 10 cities with the most violent crime. Cleveland is on none of them except for one site I found where it is #8.
https://time.com/6223217/homic...
https://www.forbes.com/sites/l...
https://www.safewise.com/blog/...
https://www.alarms.org/top-100...
https://moneyinc.com/most-viol...

2) Irvine, CA is pretty nice. But when you say “it has no crime”, the data says there is:
https://www.city-data.com/city...
Smaller suburbs typically will have lower crime than cities. Population density is also a factor.

Overall, ease up. You’re pretty impulsive with your comments and over generalize with no data, just emotional responses.

This isn’t the forum to do that as we’re here to help others with real data and actual experience.

Chill out a bit.

I never said Irvine has "no" crime. But it's has no much at all. It's a wonderful little safe bubble in CA to live in. Cleveland has 3rd highest rape and 7th highest murder. These are specific non generalized sats.

Again, no.

Cleveland is not the 3rd highest…now, for the record, looking up this statistic on my phone was cringe inducing but I did it anyway.

https://www.city-data.com/top2...

Why are you stating these incorrect statistics?

“Cleveland has the 4th worst steaks”

“Cleveland has the 3rd largest number of people named Esmeralda. Sickening.”

“Cleveland has the 5th largest number of state liquor stores”

“Cleveland has the 2nd highest roach population”

“Cleveland has the 8th largest number of tigers on the loose”

“Cleveland has the 6th highest number of people without Amazon prime accounts. The bums!”

“Cleveland is the #1 city where people put sugar and golden raisins their grits. Pure madness!”

@Bob S., we’ll, you’re right. Got sucked in to this. I’m no longer providing this attention and I’ll do something more productive…like removing the Ws from this bag of M&Ms.

To the original post, I hope you got your question answered. Good luck!
2 Reply
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
3y
Quote from @Tim Bee:

Quote from @Todd Jones:

Quote from @Tim Bee:

Cleveland is in the top 5 of violent crime cities in the entire nation. I would steer clear of that city. Maybe look to investing into somewhere safe.

1) No, it’s not. I checked several “Top 10 cities with the most violent crime. Cleveland is on none of them except for one site I found where it is #8.
https://time.com/6223217/homic...
https://www.forbes.com/sites/l...
https://www.safewise.com/blog/...
https://www.alarms.org/top-100...
https://moneyinc.com/most-viol...

2) Irvine, CA is pretty nice. But when you say “it has no crime”, the data says there is:
https://www.city-data.com/city...
Smaller suburbs typically will have lower crime than cities. Population density is also a factor.

Overall, ease up. You’re pretty impulsive with your comments and over generalize with no data, just emotional responses.

This isn’t the forum to do that as we’re here to help others with real data and actual experience.

Chill out a bit.

I never said Irvine has "no" crime. But it's has no much at all. It's a wonderful little safe bubble in CA to live in. Cleveland has 3rd highest rape and 7th highest murder. These are specific non generalized sats.

This entire thread has gone to hell, worse than a FB post. Who cares what some guy says that has never done a deal there and just sits on the internet and thinks hes a know it all. Good stay away more for us to buy, Oh wait there is no inventory and pricing has doubled tripled or more on top of the 20"% ++ net caps over the last 6, 7 8 years. MF forget get it, there is nothing, oh that's because its such a terrible place, LOL,,Totallly clueless, wait till you see what happens along Euclid out to the RTA over the next 5 years, just like UC, everyone wishes they bought there 6, years ago, or Tremon. /Ohio city, massive returns over the last 10 years.
All the best to those in the know I am as I am sure you are buying everything we can.
2 Reply
Nicole Heasley Beitenman
Investor · Youngstown, OH · Member since 2017 · 2k+ posts · 2k+ votes
3y
Quote from @Alex L.:

Not really a fan of them personally. Just don't care for how they handle themselves, and they're quite out of touch with market prices in Youngstown here where it seems they're trying to expand.
Yeah...not at all happy about that.
3 Reply
Rachel Sharp
Real Estate Agent · Northeast Ohio · Member since 2018 · 35 posts · 15 votes
3y
I am not going to speak negatively about someone, but I would suggest that the maps and tools he uses with any tool investors use should be coupled with other tools to evaluate your investment. Relying on one tool alone can be a risky move and you might miss out on some great deals!

When I started PM in Cleveland I used his maps to see how he classified the grades. Although he's close to what I would use, his maps are a bit inaccurate in both grading classifications and geographic locations.

For example Rocky River zip code 44116 SFR sold in the last 30 days (15 homes) ranged from $235 -$1.075m the average of those $532K. He recognizes "A" class as SFR selling for $150k and up. You will not find a SFR in Rocky River for $150K on a regular basis. for that reason I cant trust the rest of the data is accurate.

The second claim he makes is that grading of Clark Fulton Area is a D/F. where SFR (last sold 30 days) are 58-127,500 Avg of $90k. I do believe the stockyards is a D/F but the rest of Clark Fulton can be seen as a C/C- and is quickly turning as gentrification (turning) happens.

I will say there are a lot worse Pm's and Agents out there! so be careful!
1 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Rachel Sharp:

I am not going to speak negatively about someone, but I would suggest that the maps and tools he uses with any tool investors use should be coupled with other tools to evaluate your investment. Relying on one tool alone can be a risky move and you might miss out on some great deals!

When I started PM in Cleveland I used his maps to see how he classified the grades. Although he's close to what I would use, his maps are a bit inaccurate in both grading classifications and geographic locations.

For example Rocky River zip code 44116 SFR sold in the last 30 days (15 homes) ranged from $235 -$1.075m the average of those $532K. He recognizes "A" class as SFR selling for $150k and up. You will not find a SFR in Rocky River for $150K on a regular basis. for that reason I cant trust the rest of the data is accurate.

The second claim he makes is that grading of Clark Fulton Area is a D/F. where SFR (last sold 30 days) are 58-127,500 Avg of $90k. I do believe the stockyards is a D/F but the rest of Clark Fulton can be seen as a C/C- and is quickly turning as gentrification (turning) happens.

I will say there are a lot worse Pm's and Agents out there! so be careful!

To clarify, $150k and up would encompass everything above $150k. So $235k-$1M would fall into the category of $150k & up. Additionally, I wrote that classification long before you got into the business. We're talking like 8yrs ago. There were houses selling in Rocky River for a lot less money 8yrs ago than there are today.
0 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Nicole Heasley Beitenman:

Quote from @Alex L.:

Not really a fan of them personally. Just don't care for how they handle themselves, and they're quite out of touch with market prices in Youngstown here where it seems they're trying to expand.

Yeah...not at all happy about that.

Lol, there's a new Sherriff in Y-Town.
0 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Bob S.:

Quote from @Todd Jones:

Wow, what was that comment for?

I checked my post and I didn’t see anything off-the-wall and it was positive.

I said something wrong? Was this comment for that Tim Bee guy?

Oh so sorry, YES for that Tim Bee guy, I apologize!

Well this escalated quickly....
0 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Vadim F.:

Quote from @Aaron Rumney:

I know it's a hot market for cashflow, but I was wondering if I could get everyone's take on Youtuber/real estate HoltonwiseTV. They put out these section 8 rentals each day on their youtube that seem like no brainers for such a low cost. I understand that repairs would likely need to be made but does anyone have experience with them. They do property management and encourage out of state investors to use them. Can anyone give me some feedback or your own experience with Cleveland or HoltonwiseTV property management?

James posts on the forum here, you can reach out to him directly @james wise

Holla!
1 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Shane Kelly:

Yeah, he's very active on here sometimes as said above. James knows the market better than anyone, and is an expert in the field. The deals are the same as a lot of rentals in Cleveland, the numbers can check out but you just need to actually do your due dilligence on the property itself, the neighborhood and the tenant to see if it really makes sense.

2 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Nathan Gesner:

Quote from @Aaron Rumney:

James Wise knows the market. He has detailed guides for every neighborhood in the City.
Be careful. Things are cheap in Cleveland for a reason. Go watch his eviction videos. Do a search on these forums for his posts about the worst tenants. He knows the market inside/out, owns a property management company, but there are large sections of the city his company will sell in but they will not manage. Even though he stays out of those neighborhoods, he still has more horror stories than any single Landlord or Property Manager I know. It's entertaining, but sad. The numbers look great on paper but reality may be far different when you factor in unpaid rent, high turnover, big damages, etc.
You can make lots of money there, but do your research!

0 Reply
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
3y
Gotta stick up against haters of Cleveland, especially when they’re just spewing ignorant remarks
2 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Quincy Amekuedi:

Quote from @Joshua Janus:

Quote from @Aaron Rumney:

I know it's a hot market for cashflow, but I was wondering if I could get everyone's take on Youtuber/real estate HoltonwiseTV. They put out these section 8 rentals each day on their youtube that seem like no brainers for such a low cost. I understand that repairs would likely need to be made but does anyone have experience with them. They do property management and encourage out of state investors to use them. Can anyone give me some feedback or your own experience with Cleveland or HoltonwiseTV property management?

Hey Aaron, here is a resource I would review when checking out the Cleveland market.

https://www.google.com/maps/d/...

I would be careful of the D/F areas and focus on the B/C areas that produce strong cash flow and can be partnered with Section 8 (CMHA in Cleveland).

Hey @Joshua Janus - That's the first map I've ever seen with graded neighborhoods/zip codes for an entire City. Did your company create that map or is that available somewhere on the web for anyone to access? What inputs went into creating it?

Lol - A lot of copy and paste from The Ultimate Guide to Grading Cleveland Neighborhoods.
1 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Alex L.:

Not really a fan of them personally. Just don't care for how they handle themselves, and they're quite out of touch with market prices in Youngstown here where it seems they're trying to expand. But that's not Cleveland, obviously, so I imagine they're more knowledgable about their own area.

1 Reply
Quincy AmekuediPro Member
Member since 2023 · 17 posts · 10 votes
3y
Quote from @James Wise:

Quote from @Quincy Amekuedi:

Quote from @Joshua Janus:

Quote from @Aaron Rumney:

I know it's a hot market for cashflow, but I was wondering if I could get everyone's take on Youtuber/real estate HoltonwiseTV. They put out these section 8 rentals each day on their youtube that seem like no brainers for such a low cost. I understand that repairs would likely need to be made but does anyone have experience with them. They do property management and encourage out of state investors to use them. Can anyone give me some feedback or your own experience with Cleveland or HoltonwiseTV property management?

Hey Aaron, here is a resource I would review when checking out the Cleveland market.

https://www.google.com/maps/d/...

I would be careful of the D/F areas and focus on the B/C areas that produce strong cash flow and can be partnered with Section 8 (CMHA in Cleveland).

Hey @Joshua Janus - That's the first map I've ever seen with graded neighborhoods/zip codes for an entire City. Did your company create that map or is that available somewhere on the web for anyone to access? What inputs went into creating it?

Lol - A lot of copy and paste from The Ultimate Guide to Grading Cleveland Neighborhoods.

Thanks for sharing the guide. Has enough changed in the last six year to release a new guide or is this still mostly accurate?
1 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Quincy Amekuedi:

Quote from @James Wise:

Quote from @Quincy Amekuedi:

Quote from @Joshua Janus:

Quote from @Aaron Rumney:

I know it's a hot market for cashflow, but I was wondering if I could get everyone's take on Youtuber/real estate HoltonwiseTV. They put out these section 8 rentals each day on their youtube that seem like no brainers for such a low cost. I understand that repairs would likely need to be made but does anyone have experience with them. They do property management and encourage out of state investors to use them. Can anyone give me some feedback or your own experience with Cleveland or HoltonwiseTV property management?

Hey Aaron, here is a resource I would review when checking out the Cleveland market.

https://www.google.com/maps/d/...

I would be careful of the D/F areas and focus on the B/C areas that produce strong cash flow and can be partnered with Section 8 (CMHA in Cleveland).

Hey @Joshua Janus - That's the first map I've ever seen with graded neighborhoods/zip codes for an entire City. Did your company create that map or is that available somewhere on the web for anyone to access? What inputs went into creating it?

Lol - A lot of copy and paste from The Ultimate Guide to Grading Cleveland Neighborhoods.

Thanks for sharing the guide. Has enough changed in the last six year to release a new guide or is this still mostly accurate?

It's been updated a few times throughout the years, as needed, but more or less pretty accurate. Most every area is still the same category in my opinion, although all of them have shifted upwards in cost. Although, that's a given really, real estate everywhere in the USA is more expensive in 2023 than it was back when I wrote the guide in 2015 or so.
1 Reply
Tim Bee
Investor · CA · Member since 2023 · 196 posts · 107 votes
3y
Quote from @James Wise:

Quote from @Quincy Amekuedi:

Quote from @James Wise:

Quote from @Quincy Amekuedi:

Quote from @Joshua Janus:

Quote from @Aaron Rumney:

I know it's a hot market for cashflow, but I was wondering if I could get everyone's take on Youtuber/real estate HoltonwiseTV. They put out these section 8 rentals each day on their youtube that seem like no brainers for such a low cost. I understand that repairs would likely need to be made but does anyone have experience with them. They do property management and encourage out of state investors to use them. Can anyone give me some feedback or your own experience with Cleveland or HoltonwiseTV property management?

Hey Aaron, here is a resource I would review when checking out the Cleveland market.

https://www.google.com/maps/d/...

I would be careful of the D/F areas and focus on the B/C areas that produce strong cash flow and can be partnered with Section 8 (CMHA in Cleveland).

Hey @Joshua Janus - That's the first map I've ever seen with graded neighborhoods/zip codes for an entire City. Did your company create that map or is that available somewhere on the web for anyone to access? What inputs went into creating it?

Lol - A lot of copy and paste from The Ultimate Guide to Grading Cleveland Neighborhoods.

Thanks for sharing the guide. Has enough changed in the last six year to release a new guide or is this still mostly accurate?

It's been updated a few times throughout the years, as needed, but more or less pretty accurate. Most every area is still the same category in my opinion, although all of them have shifted upwards in cost. Although, that's a given really, real estate everywhere in the USA is more expensive in 2023 than it was back when I wrote the guide in 2015 or so.

I'm trying figure out if I should buy in Cleveland but according to the federal bureau of labor statistics it's got the 2nd highest rate for robbery at 699/100k, 3rd for rape at 128/100k and 7th for murder at 27/100k....
1 Reply
Vadim F.
Investor · Member since 2020 · 337 posts · 213 votes
3y
Quote from @Tim Bee:

Quote from @James Wise:

Quote from @Quincy Amekuedi:

Quote from @James Wise:

Quote from @Quincy Amekuedi:

Quote from @Joshua Janus:

Quote from @Aaron Rumney:

I know it's a hot market for cashflow, but I was wondering if I could get everyone's take on Youtuber/real estate HoltonwiseTV. They put out these section 8 rentals each day on their youtube that seem like no brainers for such a low cost. I understand that repairs would likely need to be made but does anyone have experience with them. They do property management and encourage out of state investors to use them. Can anyone give me some feedback or your own experience with Cleveland or HoltonwiseTV property management?

Hey Aaron, here is a resource I would review when checking out the Cleveland market.

https://www.google.com/maps/d/...

I would be careful of the D/F areas and focus on the B/C areas that produce strong cash flow and can be partnered with Section 8 (CMHA in Cleveland).

Hey @Joshua Janus - That's the first map I've ever seen with graded neighborhoods/zip codes for an entire City. Did your company create that map or is that available somewhere on the web for anyone to access? What inputs went into creating it?

Lol - A lot of copy and paste from The Ultimate Guide to Grading Cleveland Neighborhoods.

Thanks for sharing the guide. Has enough changed in the last six year to release a new guide or is this still mostly accurate?

It's been updated a few times throughout the years, as needed, but more or less pretty accurate. Most every area is still the same category in my opinion, although all of them have shifted upwards in cost. Although, that's a given really, real estate everywhere in the USA is more expensive in 2023 than it was back when I wrote the guide in 2015 or so.

I'm trying figure out if I should buy in Cleveland but according to the federal bureau of labor statistics it's got the 2nd highest rate for robbery at 699/100k, 3rd for rape at 128/100k and 7th for murder at 27/100k....

Every area will have its pros and cons.....if Cleveland didn't have certain statistics do you think you would be able to buy a home under 100k? Narrow down what zip codes the crimes are committed in and don't invest in them, it's that simple.
1 Reply
Aaron Rumney
OP
Member since 2022 · 3 posts · 8 votes
3y
Just wanted to thank everyone for all this insight. I'm been reading every post and upvoting responses. I appreciate you all.
Thanks.
2 Reply
Vadim F.
Investor · Member since 2020 · 337 posts · 213 votes
3y
Quote from @Aaron Rumney:
Just wanted to thank everyone for all this insight. I'm been reading every post and upvoting responses. I appreciate you all.
Thanks.

Good luck!
0 Reply
Alex L.
Rental Property Investor · Youngstown, OH · Member since 2023 · 128 posts · 124 votes
3y
Quote from @James Wise:

Quote from @Alex L.:

Not really a fan of them personally. Just don't care for how they handle themselves, and they're quite out of touch with market prices in Youngstown here where it seems they're trying to expand. But that's not Cleveland, obviously, so I imagine they're more knowledgable about their own area.

That was my exact reaction at seeing properties priced more than double and triple what they were worth in their current condition (based on actual appraisals of neighboring properties); being told that the same property only needed new flooring when in reality it needed a total rehab, not to mention a new roof as the current one was noticeably warped... (also willing to bet real money it'll need new plumbing as I know those houses like the back of my hand, and one of the longtime neighbors who was intimately familiar with the property even brought the issue up when we talked); being told that said property would rent for $1200 with new floors, when nearly identical properties nearby that were actually "updated" have been struggling for literal months to place tenants at $1000; and being advised to simply "contact the sales department" when I contacted the # on the listing and expressed interest in seeing the property as a local landlord who owns houses in that neighborhood. Never in my life have I been simply told to contact the sales department and nothing more when purchasing a property. Pretty unprofessional, and the numbers/information touted are wildly unrealistic... not to mention your responses to less-than-favorable reviews on Google, in addition to all of the above, is a massive red flag. The company tries to be "edgy" but it just looks bad, especially in an area where so many local landlords are doing all we can to revitalize the city. All in all, seems like the listings are geared towards unwitting out of state landlords who don't know any better, and the last thing Youngstown needs is more out of state slumlords buying properties for nearly 100-200% more than what they're worth in their current state, and then ending up not completing any much needed renovations because it wouldn't be cost effective since they've already blown their entire budget on acquisition and some paint on a pig alone. Not familiar with your operations in Cleveland, so I can't and won't speak on that, but that's my opinion regarding your expansion into Youngstown.
0 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Alex L.:

Quote from @James Wise:

Quote from @Alex L.:

Not really a fan of them personally. Just don't care for how they handle themselves, and they're quite out of touch with market prices in Youngstown here where it seems they're trying to expand. But that's not Cleveland, obviously, so I imagine they're more knowledgable about their own area.

That was my exact reaction at seeing properties priced more than double and triple what they were worth in their current condition (based on actual appraisals of neighboring properties); being told that the same property only needed new flooring when in reality it needed a total rehab, not to mention a new roof as the current one was noticeably warped... (also willing to bet real money it'll need new plumbing as I know those houses like the back of my hand, and one of the longtime neighbors who was intimately familiar with the property even brought the issue up when we talked); being told that said property would rent for $1200 with new floors, when nearly identical properties nearby that were actually "updated" have been struggling for literal months to place tenants at $1000; and being advised to simply "contact the sales department" when I contacted the # on the listing and expressed interest in seeing the property as a local landlord who owns houses in that neighborhood. Never in my life have I been simply told to contact the sales department and nothing more when purchasing a property. Pretty unprofessional, and the numbers/information touted are wildly unrealistic... not to mention your responses to less-than-favorable reviews on Google, in addition to all of the above, is a massive red flag. The company tries to be "edgy" but it just looks bad, especially in an area where so many local landlords are doing all we can to revitalize the city. All in all, seems like the listings are geared towards unwitting out of state landlords who don't know any better, and the last thing Youngstown needs is more out of state slumlords buying properties for nearly 100-200% more than what they're worth in their current state, and then ending up not completing any much needed renovations because it wouldn't be cost effective since they've already blown their entire budget on acquisition and some paint on a pig alone. Not familiar with your operations in Cleveland, so I can't and won't speak on that, but that's my opinion regarding your expansion into Youngstown.

Rudy Poo Boo Hoo it ain't 2014 anymore bro. Houses cost more now. Bummer.
0 Reply
Alex L.
Rental Property Investor · Youngstown, OH · Member since 2023 · 128 posts · 124 votes
3y
Quote from @James Wise:

Quote from @Alex L.:

Quote from @James Wise:

Quote from @Alex L.:

Not really a fan of them personally. Just don't care for how they handle themselves, and they're quite out of touch with market prices in Youngstown here where it seems they're trying to expand. But that's not Cleveland, obviously, so I imagine they're more knowledgable about their own area.

That was my exact reaction at seeing properties priced more than double and triple what they were worth in their current condition (based on actual appraisals of neighboring properties); being told that the same property only needed new flooring when in reality it needed a total rehab, not to mention a new roof as the current one was noticeably warped... (also willing to bet real money it'll need new plumbing as I know those houses like the back of my hand, and one of the longtime neighbors who was intimately familiar with the property even brought the issue up when we talked); being told that said property would rent for $1200 with new floors, when nearly identical properties nearby that were actually "updated" have been struggling for literal months to place tenants at $1000; and being advised to simply "contact the sales department" when I contacted the # on the listing and expressed interest in seeing the property as a local landlord who owns houses in that neighborhood. Never in my life have I been simply told to contact the sales department and nothing more when purchasing a property. Pretty unprofessional, and the numbers/information touted are wildly unrealistic... not to mention your responses to less-than-favorable reviews on Google, in addition to all of the above, is a massive red flag. The company tries to be "edgy" but it just looks bad, especially in an area where so many local landlords are doing all we can to revitalize the city. All in all, seems like the listings are geared towards unwitting out of state landlords who don't know any better, and the last thing Youngstown needs is more out of state slumlords buying properties for nearly 100-200% more than what they're worth in their current state, and then ending up not completing any much needed renovations because it wouldn't be cost effective since they've already blown their entire budget on acquisition and some paint on a pig alone. Not familiar with your operations in Cleveland, so I can't and won't speak on that, but that's my opinion regarding your expansion into Youngstown.

Rudy Poo Boo Hoo it ain't 2014 anymore bro. Houses cost more now. Bummer.

I've bought and sold properties in that neighborhood quite literally at less than 1/2 to 1/3 the original listing price of your company's listings, both on and off market, far, far after 2014, but thanks for the heads up. I've also had a couple appraised as recently as this year, so certainly make sure you're only selling to cash buyers because even with 20% down, the bank would laugh in their face. Perhaps rather than responding so childishly, consider making an effort to Do Better when feedback is received, or at the very least don't respond with inflammatory nonsense. That might help the company's Google reviews. 🤡
0 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Alex L.:

Quote from @James Wise:

Quote from @Alex L.:

Quote from @James Wise:

Quote from @Alex L.:

Not really a fan of them personally. Just don't care for how they handle themselves, and they're quite out of touch with market prices in Youngstown here where it seems they're trying to expand. But that's not Cleveland, obviously, so I imagine they're more knowledgable about their own area.

That was my exact reaction at seeing properties priced more than double and triple what they were worth in their current condition (based on actual appraisals of neighboring properties); being told that the same property only needed new flooring when in reality it needed a total rehab, not to mention a new roof as the current one was noticeably warped... (also willing to bet real money it'll need new plumbing as I know those houses like the back of my hand, and one of the longtime neighbors who was intimately familiar with the property even brought the issue up when we talked); being told that said property would rent for $1200 with new floors, when nearly identical properties nearby that were actually "updated" have been struggling for literal months to place tenants at $1000; and being advised to simply "contact the sales department" when I contacted the # on the listing and expressed interest in seeing the property as a local landlord who owns houses in that neighborhood. Never in my life have I been simply told to contact the sales department and nothing more when purchasing a property. Pretty unprofessional, and the numbers/information touted are wildly unrealistic... not to mention your responses to less-than-favorable reviews on Google, in addition to all of the above, is a massive red flag. The company tries to be "edgy" but it just looks bad, especially in an area where so many local landlords are doing all we can to revitalize the city. All in all, seems like the listings are geared towards unwitting out of state landlords who don't know any better, and the last thing Youngstown needs is more out of state slumlords buying properties for nearly 100-200% more than what they're worth in their current state, and then ending up not completing any much needed renovations because it wouldn't be cost effective since they've already blown their entire budget on acquisition and some paint on a pig alone. Not familiar with your operations in Cleveland, so I can't and won't speak on that, but that's my opinion regarding your expansion into Youngstown.

Rudy Poo Boo Hoo it ain't 2014 anymore bro. Houses cost more now. Bummer.

I've bought and sold properties in that neighborhood quite literally at less than 1/2 to 1/3 the original listing price of your company's listings, both on and off market, far, far after 2014, but thanks for the heads up. I've also had a couple appraised as recently as this year, so certainly make sure you're only selling to cash buyers because even with 20% down, the bank would laugh in their face. Perhaps rather than responding so childishly, consider making an effort to Do Better when feedback is received, or at the very least don't respond with inflammatory nonsense. That might help the company's Google reviews. 🤡

Lol, life of a Broker - Talk to the seller of a house and he swears it's worth more, while at the same time, an anonymous buyer like good ole Alex L will cry it's worth less while trying to claim he is an expert of some sort. Which one of them is right? Same property, two differing opinions. What do I know? I'm just a dude who's sold over $200 million dollars worth of rentals in Ohio. Obviously Alex "anonymous" L is the true expert here.

Too bad most folks will think my guy Alex L is just an anonymous troll though. If all of the other landlords out there in Youngstown were willing to take some dude with no profile pic who hides his name seriously, I'd have every landlord in Youngstown calling me to sell their properties because Alex "I'm triggered I had to contact the sales team" L, swears HoltonWise sells properties for 200% of what they are worth.... If Alex " I dont wanna contact the sales department" L was the expert he claims he is, I'd be making millions in Y-Town on a weekly basis selling properties for double what they are worth for every single landlord in the city. lol I'd prolly just go ahead and retire in a few months and maybe fly my family down to the fantasy island Alex L is living at to toss some beers back.
0 Reply
Alex L.
Rental Property Investor · Youngstown, OH · Member since 2023 · 128 posts · 124 votes
3y
Quote from @James Wise:

Quote from @Alex L.:

Quote from @James Wise:

Quote from @Alex L.:

Quote from @James Wise:

Quote from @Alex L.:

Not really a fan of them personally. Just don't care for how they handle themselves, and they're quite out of touch with market prices in Youngstown here where it seems they're trying to expand. But that's not Cleveland, obviously, so I imagine they're more knowledgable about their own area.

That was my exact reaction at seeing properties priced more than double and triple what they were worth in their current condition (based on actual appraisals of neighboring properties); being told that the same property only needed new flooring when in reality it needed a total rehab, not to mention a new roof as the current one was noticeably warped... (also willing to bet real money it'll need new plumbing as I know those houses like the back of my hand, and one of the longtime neighbors who was intimately familiar with the property even brought the issue up when we talked); being told that said property would rent for $1200 with new floors, when nearly identical properties nearby that were actually "updated" have been struggling for literal months to place tenants at $1000; and being advised to simply "contact the sales department" when I contacted the # on the listing and expressed interest in seeing the property as a local landlord who owns houses in that neighborhood. Never in my life have I been simply told to contact the sales department and nothing more when purchasing a property. Pretty unprofessional, and the numbers/information touted are wildly unrealistic... not to mention your responses to less-than-favorable reviews on Google, in addition to all of the above, is a massive red flag. The company tries to be "edgy" but it just looks bad, especially in an area where so many local landlords are doing all we can to revitalize the city. All in all, seems like the listings are geared towards unwitting out of state landlords who don't know any better, and the last thing Youngstown needs is more out of state slumlords buying properties for nearly 100-200% more than what they're worth in their current state, and then ending up not completing any much needed renovations because it wouldn't be cost effective since they've already blown their entire budget on acquisition and some paint on a pig alone. Not familiar with your operations in Cleveland, so I can't and won't speak on that, but that's my opinion regarding your expansion into Youngstown.

Rudy Poo Boo Hoo it ain't 2014 anymore bro. Houses cost more now. Bummer.

I've bought and sold properties in that neighborhood quite literally at less than 1/2 to 1/3 the original listing price of your company's listings, both on and off market, far, far after 2014, but thanks for the heads up. I've also had a couple appraised as recently as this year, so certainly make sure you're only selling to cash buyers because even with 20% down, the bank would laugh in their face. Perhaps rather than responding so childishly, consider making an effort to Do Better when feedback is received, or at the very least don't respond with inflammatory nonsense. That might help the company's Google reviews. 🤡

Lol, life of a Broker - Talk to the seller of a house and he swears it's worth more, while at the same time, an anonymous buyer like good ole Alex L will cry it's worth less while trying to claim he is an expert of some sort. Which one of them is right? Same property, two differing opinions. What do I know? I'm just a dude who's sold over $200 million dollars worth of rentals in Ohio. Obviously Alex "anonymous" L is the true expert here.

Too bad most folks will think my guy Alex L is just an anonymous troll though. If all of the other landlords out there in Youngstown were willing to take some dude with no profile pic who hides his name seriously, I'd have every landlord in Youngstown calling me to sell their properties because Alex "I'm triggered I had to contact the sales team" L, swears HoltonWise sells properties for 200% of what they are worth.... If Alex " I dont wanna contact the sales department" L was the expert he claims he is, I'd be making millions in Y-Town on a weekly basis selling properties for double what they are worth for every single landlord in the city. lol I'd prolly just go ahead and retire in a few months and maybe fly my family down to the fantasy island Alex L is living at to toss some beers back.

You're not exactly breaking any new ground by calling someone an anonymous troll because you don't like what they have to say. But let's be clear -- I never claimed to be an expert, and people can take my opinion with a grain of salt for all I care. It's my opinion, after all. But if you're gonna roll into town saying XYZ, you might wanna make sure that XYZ actually makes sense, especially when you're wet behind the ears in someone else's playground. This isn't Cleveland. Look at the comps, look at recent sales, and if you still don't believe those numbers, then get an appraisal. Anyone is welcome to do this, and most of this info is available online, outside from the appraisals. You're not gonna be making any sales to local investors, that's for certain. And that's fine, since it seems like selling to unwitting out of state/area investors is your grift. But hey, make sure to swing by Buffalo Wild Wings in Boardman every 2nd Wednesday of the month so we can all point and laugh, since you seem to love attention so much.
0 Reply
James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
3y
Quote from @Alex L.:

Quote from @James Wise:

Quote from @Alex L.:

Quote from @James Wise:

Quote from @Alex L.:

Quote from @James Wise:

Quote from @Alex L.:

Not really a fan of them personally. Just don't care for how they handle themselves, and they're quite out of touch with market prices in Youngstown here where it seems they're trying to expand. But that's not Cleveland, obviously, so I imagine they're more knowledgable about their own area.

That was my exact reaction at seeing properties priced more than double and triple what they were worth in their current condition (based on actual appraisals of neighboring properties); being told that the same property only needed new flooring when in reality it needed a total rehab, not to mention a new roof as the current one was noticeably warped... (also willing to bet real money it'll need new plumbing as I know those houses like the back of my hand, and one of the longtime neighbors who was intimately familiar with the property even brought the issue up when we talked); being told that said property would rent for $1200 with new floors, when nearly identical properties nearby that were actually "updated" have been struggling for literal months to place tenants at $1000; and being advised to simply "contact the sales department" when I contacted the # on the listing and expressed interest in seeing the property as a local landlord who owns houses in that neighborhood. Never in my life have I been simply told to contact the sales department and nothing more when purchasing a property. Pretty unprofessional, and the numbers/information touted are wildly unrealistic... not to mention your responses to less-than-favorable reviews on Google, in addition to all of the above, is a massive red flag. The company tries to be "edgy" but it just looks bad, especially in an area where so many local landlords are doing all we can to revitalize the city. All in all, seems like the listings are geared towards unwitting out of state landlords who don't know any better, and the last thing Youngstown needs is more out of state slumlords buying properties for nearly 100-200% more than what they're worth in their current state, and then ending up not completing any much needed renovations because it wouldn't be cost effective since they've already blown their entire budget on acquisition and some paint on a pig alone. Not familiar with your operations in Cleveland, so I can't and won't speak on that, but that's my opinion regarding your expansion into Youngstown.

Rudy Poo Boo Hoo it ain't 2014 anymore bro. Houses cost more now. Bummer.

I've bought and sold properties in that neighborhood quite literally at less than 1/2 to 1/3 the original listing price of your company's listings, both on and off market, far, far after 2014, but thanks for the heads up. I've also had a couple appraised as recently as this year, so certainly make sure you're only selling to cash buyers because even with 20% down, the bank would laugh in their face. Perhaps rather than responding so childishly, consider making an effort to Do Better when feedback is received, or at the very least don't respond with inflammatory nonsense. That might help the company's Google reviews. 🤡

Lol, life of a Broker - Talk to the seller of a house and he swears it's worth more, while at the same time, an anonymous buyer like good ole Alex L will cry it's worth less while trying to claim he is an expert of some sort. Which one of them is right? Same property, two differing opinions. What do I know? I'm just a dude who's sold over $200 million dollars worth of rentals in Ohio. Obviously Alex "anonymous" L is the true expert here.

Too bad most folks will think my guy Alex L is just an anonymous troll though. If all of the other landlords out there in Youngstown were willing to take some dude with no profile pic who hides his name seriously, I'd have every landlord in Youngstown calling me to sell their properties because Alex "I'm triggered I had to contact the sales team" L, swears HoltonWise sells properties for 200% of what they are worth.... If Alex " I dont wanna contact the sales department" L was the expert he claims he is, I'd be making millions in Y-Town on a weekly basis selling properties for double what they are worth for every single landlord in the city. lol I'd prolly just go ahead and retire in a few months and maybe fly my family down to the fantasy island Alex L is living at to toss some beers back.

You're not exactly breaking any new ground by calling someone an anonymous troll because you don't like what they have to say. But let's be clear -- I never claimed to be an expert, and people can take my opinion with a grain of salt for all I care. It's my opinion, after all. But if you're gonna roll into town saying XYZ, you might wanna make sure that XYZ actually makes sense, especially when you're wet behind the ears in someone else's playground. This isn't Cleveland. Look at the comps, look at recent sales, and if you still don't believe those numbers, then get an appraisal. Anyone is welcome to do this, and most of this info is available online, outside from the appraisals. You're not gonna be making any sales to local investors, that's for certain. And that's fine, since it seems like selling to unwitting out of state/area investors is your grift. But hey, make sure to swing by Buffalo Wild Wings in Boardman every 2nd Wednesday of the month so we can all point and laugh, since you seem to love attention so much.

You are hiding both your name and face, are you not? How you feel you're presenting yourself as anything other than an anonymous troll is beyond me.

You and I could go round and round in circles for days on end and never get anywhere. But as others read this thread, I think it's important that they take into consideration where the information they are reading is coming from.

Myself

--- I have sold over $200 Million dollars worth of rental properties in Ohio.

--- I have transacted 1,000's of real estate deals.

--- I manage a real estate portfolio valued at $75 million+.

--- I employ over 60 people.

--- I have helped investors from all over the USA and abroad buy real estate in Ohio.

--- I have helped investors from all over the USA and abroad sell real estate in Ohio.

--- I have been publishing helpful content and advice on BiggerPockets since 2013. (16,536 votes as of this posting)

--- I have over 150,000 social media followers/subscribers.

--- My video library of real estate content has been viewed over 25 million times.

You

--- You are hiding your name.

--- You are hiding your face.

--- You have provided vague rambling attacks based on some wild axe you've got to grind because you apparently contacted the wrong department at HoltonWise and were triggered by the fact that you were told you needed to contact the sales department at HoltonWise for information on a property you wanted to buy.
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