Attention Cleveland Landlords - Inspections coming soon
The City of Cleveland has created a new department that will implement an inspection plan starting in the summer of 2017. They will be on the look-out for Lead based paint, smoke detectors, safe plumbing and other items. The landlord will have 60 days to pass or they will take further action.
The intention is to weed out unsafe homes and figure out what to do with federal funds that were supplied for demolition purposes. Seems to be a push to spend the funds towards revitalization instead.
Details outlined courtesy of cleveland.com
http://www.cleveland.com/healthfit/index.ssf/2017/...
Regards,
Ronald Szmik
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#4 All Forums Contributor
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The savvy investor sees this as an opportunity as opposed to an obstacle. Prices may dip in the short term while everyone is in a panicked frenzy but in the long term Cleveland will end up with a better housing stock. Just like the suburbs. In case anyone has forgotten, the suburbs are nicer and houses are more expensive.