Cleveland area homes with large yards

4 Replies

Hi all! I'm wondering if any of my fellow Clevelanders, or investors in Cleveland own any properties with large yards? I'm talking in the 2 acre range. North Royalton and Strongsville areas to give a better idea. If you can make the numbers work, are they good as rentals? How does the yard maintenance work? Who is responsible for the cutting all that grass?

I know most invest much closer to the city, with much less land, but can this work? I am asking because I have a possible deal coming up soon, and I can't find much talk of this on the forums. 

I'm interested in hearing your opinion on this as well, if you can @James Wise

Thanks!

Originally posted by @Denny McKown :

Hi all! I'm wondering if any of my fellow Clevelanders, or investors in Cleveland own any properties with large yards? I'm talking in the 2 acre range. North Royalton and Strongsville areas to give a better idea. If you can make the numbers work, are they good as rentals? How does the yard maintenance work? Who is responsible for the cutting all that grass?

I know most invest much closer to the city, with much less land, but can this work? I am asking because I have a possible deal coming up soon, and I can't find much talk of this on the forums. 

I'm interested in hearing your opinion on this as well, if you can @James Wise

Thanks!

 If it's a single family home the tenants can handle the grass, no issue.

High end neighborhoods like Strongsville & N Royalton are great. Talk about exit strategy.  You can rent them for awhile then renovate to sell for top dollar to an owner occupant when the market is at a peak.

@James Wise Thanks James! I appreciate the insight from a perspective I wasn’t considering.

Originally posted by @Denny McKown :

@James Wise Thanks James! I appreciate the insight from a perspective I wasn’t considering.

 Buying quality is always the way to go.

Originally posted by @Denny McKown :

Hi all! I'm wondering if any of my fellow Clevelanders, or investors in Cleveland own any properties with large yards? I'm talking in the 2 acre range. North Royalton and Strongsville areas to give a better idea. If you can make the numbers work, are they good as rentals? How does the yard maintenance work? Who is responsible for the cutting all that grass?

I know most invest much closer to the city, with much less land, but can this work? I am asking because I have a possible deal coming up soon, and I can't find much talk of this on the forums. 

I'm interested in hearing your opinion on this as well, if you can @James Wise

Thanks!

Hi Denny - I know your post is getting older by the day, but since I invest in the areas you mentioned I wanted to chime in. I own 2 SFH in North Royalton and 1 in Strongsville. Two of them are about 1 acre and I do no maintenance on the property. The nice thing about renting in these areas is that the tenants I secure don't bat an eye at buying a lawnmower. Well, one of them didn't want to so he pays someone to cut his grass. When I turn a property I do spend a few hundred getting the yards into order so they show well. Other than that it's been a non-issue for me.

That said, while my "A" neighborhood SFHs are appreciating nicely, they're killing me in the capital expense area. For this reason I'm actually looking into multi-family now (4+ units).

Hope this helps!

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