Cleveland property manager needed
Does anyone have any recommendations for a property manager in Cleveland that is out of state investor friendly?
Speak with Andrew Weiner from Realty Now Property Management. They do a nice job for us.
Quote from @Patrick Drury:
@Michelle Moe
I can send some recommendations over
Thanks
Quote from @Uri Gofman:
speak with Andrew Weiner at Realty Now Property Management. He manages our Cleveland portfolio.
Uri! Is Andrew Weiner here on Bigger Pockets buddy?
Quote from @Bob Stevens:
I know them all as I have been doing business there for 10 years, more than happy to recommend,
Hey Bob, I'm open for recommendation of PM's in Cleveland if you don't mind. I'm closing on two properties pretty soon and I'm in need of a PM. Please feel free to DR me.
The real estate agents on here are full of resources they'll share once you contact them, but they aren't willing to post their recommendations first. Great way to meet investors.
However, we have been through three property management companies so far that literally did nothing and most can't help with rehab, only maintenance.
There are property management companies doing business in Cleveland that do not have a real estate license and are unregulated, which is scary.
Following to see recommendations from other investors for tried and true management companies.
***Fake mortgages are being filed against properties in Cleveland and they are targeting out of state investors.
Our signature was forged as the "borrower" and the notary notarized the signature of the supposed lender-for $98,000. We were getting ready to close with an end buyer, but now we can't sell because of a fake mortgage that we are forced to legally remove with due process at our expense. How many people of thousands to throw at attorneys to defend property rights?
Cuyahoga County said they just record. Notary says they just notarize. Neither the county recorder or the notary reviews documents for validity or enforcement, they said.
We found out about the fake mortgage when reviewing title work in preparation of closing with an end buyer. No notice was sent to our office or any addresses for our LLC that owns the property. It's possible notice of the fake mortgage recording was just sent to the property and the tenants brushed it aside because it wasn't addressed to them.
Financial Crimes Unit for Cleveland has had the report for almost two months and the case has yet to even be assigned. They do not return phone calls and we aren't even sure they exist.
We have almost $3,000 into attorney fees so far and Cuyahoga County has blocked the emergency hearing so that we can all get on a call and kindly ask the fraudulent lien filer, Garrett Neal of San Diego (dba Neal Aviation), to please remove the mortgage lien. What a joke.
Garrett Neal filed the fake mortgage under an LLC, which was formed in Wyoming May 15th. The fake mortgage was filed under the LLC as the supposed lender earlier May 15th-before the company was even formed. The notary notarized the signature for fake lender LLC with no signing authority, resolutions....because the company didn't exist yet. The notary is in NJ and his name is Bipin Sabharwal. Bipin provided his log showing that the person signing started to sign my name, then crossed it out and signed as Garrett Neal. No red flags here???
We found Garrett Neal and called him and left a voice message. The returned phone call was a phone number associated with Neal Aviation out of San Diego and to that of Garrett Neal.
Garrett states that someone owes him money and he trying to get to the bottom of it, so he filed a fake mortgage, forged signatures and is now refusing to release it. We even explained that we had nothing to do with any loans or debts associated with him.
We found several other fake LLCs of Garrett's set up around the same time with names like Adios LLC, Adios G LLC, Adious LLC and similar names filed in Wyoming and Florida. The organizer information was left off of the other LLCs leaving other property owners to fight a ghost with additional fraudulent mortgages filed, it seems.
Garrett Neal is also a pilot listed on FAA website. Sounds like there are several unhappy customers of Neal Aviation (Garrett Neal is the owner of the company on record) for being sold bad parts and they're burning suppliers with hot checks for parts for privately owned aircraft (in their more recent business reviews).
I've been a real estate investor for almost twenty years and I never thought this was even possible, but here we are. Other investors may have seen a quitclaim deed filed where there were no mortgages or liens.
If we drafted a release and had it notarized and recorded, we'd be facing felonies for fraud.
Good luck, I had HORRIFIC experiences with a few very shady PMs that has now lead me to sell all my houses in Cleveland, don’t be fooled by the rent to loan ratio, with the lead inspections and cost to fix up these houses you’ll be underwater in no time, also I had to file so many evictions, and the clean up after 8 months of no rent and legal fees add up to thousands upon thousands of dollars.
Not worth it
Not everything that glitters is gold. ROI in Cleveland can be good, but Cleveland favors tenants and preventing homelessness over property rights and they do not like out of state investors because some have only extracted from the Cleveland market.
If you buy a rental property in Cleveland with defaulting (or soon to be defaulting) tenants, and the property is in disrepair, you may never be able to evict them. And we had one property with a water bill of over $600 a month that we were obligated to maintain while the eviction was in process. Best to avoid properties with tenants you haven't screened and to start with vacant properties if they need any work. The tenants can submit rent to the courts until you make all of the repairs before you see any rent...if you see any rent.
***Fake mortgages are being filed against properties in Cleveland and they are targeting out of state investors.
Our signature was forged as the "borrower" and the notary notarized the signature of the supposed lender-for $98,000. We were getting ready to close with an end buyer, but now we can't sell because of a fake mortgage that we are forced to legally remove with due process at our expense. How many people of thousands to throw at attorneys to defend property rights?
Cuyahoga County said they just record. Notary says they just notarize. Neither the county recorder or the notary reviews documents for validity or enforcement, they said.
We found out about the fake mortgage when reviewing title work in preparation of closing with an end buyer. No notice was sent to our office or any addresses for our LLC that owns the property. It's possible notice of the fake mortgage recording was just sent to the property and the tenants brushed it aside because it wasn't addressed to them.
Financial Crimes Unit for Cleveland has had the report for almost two months and the case has yet to even be assigned. They do not return phone calls and we aren't even sure they exist.
We have almost $3,000 into attorney fees so far and Cuyahoga County has blocked the emergency hearing so that we can all get on a call and kindly ask the fraudulent lien filer, Garrett Neal of San Diego (dba Neal Aviation), to please remove the mortgage lien. What a joke.
Garrett Neal filed the fake mortgage under an LLC, which was formed in Wyoming May 15th. The fake mortgage was filed under the LLC as the supposed lender earlier May 15th-before the company was even formed. The notary notarized the signature for fake lender LLC with no signing authority, resolutions....because the company didn't exist yet. The notary is in NJ and his name is Bipin Sabharwal. Bipin provided his log showing that the person signing started to sign my name, then crossed it out and signed as Garrett Neal. No red flags here???
We found Garrett Neal and called him and left a voice message. The returned phone call was a phone number associated with Neal Aviation out of San Diego and to that of Garrett Neal.
Garrett states that someone owes him money and he trying to get to the bottom of it, so he filed a fake mortgage, forged signatures and is now refusing to release it. We even explained that we had nothing to do with any loans or debts associated with him.
We found several other fake LLCs of Garrett's set up around the same time with names like Adios LLC, Adios G LLC, Adious LLC and similar names filed in Wyoming and Florida. The organizer information was left off of the other LLCs leaving other property owners to fight a ghost with additional fraudulent mortgages filed, it seems.
Garrett Neal is also a pilot listed on FAA website. Sounds like there are several unhappy customers of Neal Aviation (Garrett Neal is the owner of the company on record) for being sold bad parts and they're burning suppliers with hot checks for parts for privately owned aircraft (in their more recent business reviews).
I've been a real estate investor for almost twenty years and I never thought this was even possible, but here we are. Other investors may have seen a quitclaim deed filed where there were no mortgages or liens.
If we drafted a release and had it notarized and recorded, we'd be facing felonies for fraud.
Quote from @Michelle Moe:Hi Michelle,
Does anyone have any recommendations for a property manager in Cleveland that is out of state investor friendly?
I was wondering if you were able to get a list of out-of-state investor friendly PMs? Would it be possible for you to share what you've gotten so far in DM?
Thank you
Could you please share those PMs in DM?
I'd be interested to hear some PM recommendations too, thanks
@Ryan Rock
I'm just getting started and don't have much to share about PMs but I will in a while, so let's connect to exchange notes later. Additionally, if you have some notes and/or any experience with PMs so far you'd like to share, I'd love to hear about it
I believe I've already tagged you both in another thread regarding a recommendation for PMs, but anyway I would be interested in your recommendations (and advice on which companies to stay away from).
Would be interested to hear what PM you're using for your rentals. Please DM me.
Your PM options will depend on which areas your properties are located in for the Cleveland area.
Quote from @Vlad Kot:
Could you please share those PMs in DM?
I'd be interested to hear some PM recommendations too, thanks
@Ryan RockI'm just getting started and don't have much to share about PMs but I will in a while, so let's connect to exchange notes later. Additionally, if you have some notes and/or any experience with PMs so far you'd like to share, I'd love to hear about it
I believe I've already tagged you both in another thread regarding a recommendation for PMs, but anyway I would be interested in your recommendations (and advice on which companies to stay away from).
Would be interested to hear what PM you're using for your rentals. Please DM me.
Do you have any properties? If not, you do not need to worry about PM. I know dozens of investors that are paying cash and getting 10% net caps or better, all 100% hands off,
Yes I know all the PMS. When your ready feel free to reach out.
Good luck
I would highly recommend Evergreen Property Management. Top notch folks running a tight ship! Good luck & happy investing!
Evergreen Property Management
Website: EvergreenPropertyMgmt.com
Quote from @Bob Stevens:
Quote from @Vlad Kot:
Could you please share those PMs in DM?
I'd be interested to hear some PM recommendations too, thanks
@Ryan RockI'm just getting started and don't have much to share about PMs but I will in a while, so let's connect to exchange notes later. Additionally, if you have some notes and/or any experience with PMs so far you'd like to share, I'd love to hear about it
I believe I've already tagged you both in another thread regarding a recommendation for PMs, but anyway I would be interested in your recommendations (and advice on which companies to stay away from).
Would be interested to hear what PM you're using for your rentals. Please DM me.
Do you have any properties? If not, you do not need to worry about PM. I know dozens of investors that are paying cash and getting 10% net caps or better, all 100% hands off,
Yes I know all the PMS. When your ready feel free to reach out.
Good luck
The last one we've closed on was recently (this month), and we're currently closing another one (next month). It is for this reason that I am exploring available PM options at the moment. Thank you. I will DM you.
@Melanie Thomas
I'll look into them, thanks
5 Points and High Tech Management seem to have the best legit reviews for Cleveland property management.
Realty Now is recommended by Uri Gofman in this thread, but he and Alexander Vinokur were both indicted in a mortgage fraud case together about ten years ago. (Google it) Uri goes from saying they management his properties to "we're based out of Cleveland".
We hired Realty Trust and they literally did absolutely nothing. They could receive money, but they couldn't help with any maintenance or a make ready because they were backlogged at the time and estimated it would be three weeks before they could help with a make ready-only after signing a property management agreement.
There are a lot of property management companies that are not licensed in Cleveland, so I'd look to see if anyone has a real estate license before signing up with someone.
Quote from @Melanie Thomas:
I would highly recommend Evergreen Property Management. Top notch folks running a tight ship! Good luck & happy investing!
Evergreen Property Management
Website: EvergreenPropertyMgmt.com
I looked them up. They are in Oregon???
Did you find a good PM? Im still looking, what about the lead paint laws... its killing me
Quote from @Michelle Moe:Did you find someone good?
Hi Ryan,
I contacted 5 PMs last night, and we’ll see if they get back to me. I am in contact with one other, but I’d like to interview several before I make a decision. I’ll keep you posted!
Let me know what you find out!
Quote from @Jemma Jacques:
Did you find a good PM? Im still looking, what about the lead paint laws... its killing me
My personal experience is that 5 PointsPM (http://5pointspm.managebuilding.com) are pretty good. But do some deep research on many of PM companies in the area.
I saw your comment about lead paint laws. If I recall correctly, I think Cleveland, OH may have different programs that will assist with older lead painted housings. Feel free to DM me.
Thanks Dwayne, they do and Ive been in touch with the city but it is not so easy, Cleveland heights has *Up to* $21k grant but only if I accept low income and even so Ive been getting quotes of over $50k per house :(
... Im working through it all but would love a good PM to help guide me.
Quote from @Jemma Jacques:
Thanks Dwayne, they do and Ive been in touch with the city but it is not so easy, Cleveland heights has *Up to* $21k grant but only if I accept low income and even so Ive been getting quotes of over $50k per house :(
... Im working through it all but would love a good PM to help guide me.
Understood, give 5Points a call and ask 1000 questions and investigate to see if they are a good fit for your needs.
Anyone looking for boots on the ground in Cleveland, I’ll be more than happy to help with rehabs,PM, lead certificates, rental registrations, POS (point of sale) inspections and more!
Thank you all
#4 House Hacking Contributor
- Cleveland, OH
I hear good things about Holton Wise Property Management. Check them out!
James Wise is one of the founders and he was an early guest on the BP podcast. Show 120 something.
Hi Ben ,
thanks for the referral on the property manager. I will check them out.
Bruce
I work at JAMM property management co. and can confidently say we are one of the best companies in the area. We will walk you through every step to make sure nothing is left out. Many of our owners are out of state and they are beyond satisfied. Let me know if you'd like to learn more!