Landlord Friendly Cities?

Accountant · Fillmore, CA · Member since 2021 · 9 posts · 7 votes

Hey everyone. What are some cities that are very landlord friendly? Looking at Tampa, KC, and Indianapolis right now. Any thoughts and/or advice would be greatly appreciated.

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Alex Olson

Real Estate Broker · Kansas City Metro · Member since 2015 · 2k+ posts · 1k+ votes

@Gregory Kraft I can elaborate a little bit on the KC market being landlord friendly. Here are a few notes - there is no rent control, there is nothing that says you can't take any apartment anywhere in the metro directly to market rate rent once the lease expires. Low taxes comparatively speaking. Taxes do not go up immediately on sale on the MO side but do on the KS side. Still, they are reasonable. Also, you can evict tenants for non payment and failure to abide by the lease at ANY TIME and judges are typically responsive to that. There are low rental business fees in KCMO property, Johnson County and Wyandotte County. Typically around $50 per unit or less. Also, as you know good cap rates where we can project to get to 8-12% cash on cash return with hungry local lenders. Hope that helps!

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Joshua JanusBusiness Member
Realtor · Cleveland, OH · Member since 2021 · 1k+ posts · 1k+ votes
4y
Quote from @Gregory Kraft:

Hey everyone. What are some cities that are very landlord friendly? Looking at Tampa, KC, and Indianapolis right now. Any thoughts and/or advice would be greatly appreciated.

Columbus, Ohio is a great market to invest in. The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here. The appreciation rate in Columbus has been 8% higher than the national average over the last year. Tech companies are continuously moving here and establishing a footprint in Columbus as well. Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.
https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/
Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs.
https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-care
Here are a few more recent investments
https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0
https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus
Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.

[email protected]614-502-5316 Podcast Guest on Show From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!)
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Sam McCormackBusiness Member
Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 833 votes
3y
@Gregory Kraft
Hi gregory, I would say ky and oh have some great markets to invest in. OH has Columbus, Cleveland, Cincinnati. And don't forget about Northern KY, they have some gems as well! Both markets are relatively landlord friendly. If are looking for an agent in Cincinnati/nky, feel free to DM and I can answer any question you may have!
[email protected]859-443-4952
Sam McCormack Realtor
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Caleb Brown
Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
3y
Happy to chat on KC! It is great for investing :)
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Aj Parikh
Rental Property Investor · Centreville, VA · Member since 2019 · 1k+ posts · 799 votes
3y
Hi Greg,
I invest primarily in Cleveland because it is:

1. Home to Cleveland Clinic and multiple other big companies which brings in employment from different industries

2. Lot of good neighborhoods surrounding Cleveland

3. Stable appreciation

4. Good cash flow

5. Lot of opportunity for small multi family and Single family homes.

I have scaled upto 12 doors in 2 years just by investing in this market and all my properties have appreciated and are cash flowing. Feel free to reach out and we can discuss.
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