Mid Term Rental Property Manager in Cleveland
Realtor · Portland, OR · Member since 2022 · 14 posts · 19 votes
Hi everyone! I am looking to purchase my first investment property (woo-hoo!) and have been looking in Cleveland, OH pretty heavily. I'm on the hunt for a property management company that can help with mid term rentals, specifically to traveling nurses. If anyone has any recommendations, I would appreciate it!
If you have any other tips or would be willing to talk with me about anything I may not be aware of regarding rentals in Cleveland, I'd be happy to connect.
(I am a Realtor in Portland, OR and have spoken to a Realtor in Cleveland, but have not signed on with anyone yet.)
Hi everyone! I am looking to purchase my first investment property (woo-hoo!) and have been looking in Cleveland, OH pretty heavily. I'm on the hunt for a property management company that can help with mid term rentals, specifically to traveling nurses. If anyone has any recommendations, I would appreciate it!
If you have any other tips or would be willing to talk with me about anything I may not be aware of regarding rentals in Cleveland, I'd be happy to connect.
(I am a Realtor in Portland, OR and have spoken to a Realtor in Cleveland, but have not signed on with anyone yet.)
Hey Alex, if that's the route you are considering, research areas close to Cleveland Clinic and University Hospital on the east side, and around MetroHealth on the west side. If you haven't already, I would suggest taking a trip to see these areas for yourself. It will give you a better idea of which neighborhoods are improving, and which ones you should avoid.
Hi, I am an Ohio Realtor in Ohio and if you have any questions, please contact me anytime. Thanks!
Hi everyone! I am looking to purchase my first investment property (woo-hoo!) and have been looking in Cleveland, OH pretty heavily. I'm on the hunt for a property management company that can help with mid term rentals, specifically to traveling nurses. If anyone has any recommendations, I would appreciate it!
If you have any other tips or would be willing to talk with me about anything I may not be aware of regarding rentals in Cleveland, I'd be happy to connect.
(I am a Realtor in Portland, OR and have spoken to a Realtor in Cleveland, but have not signed on with anyone yet.)
Hey Alex, if that's the route you are considering, research areas close to Cleveland Clinic and University Hospital on the east side, and around MetroHealth on the west side. If you haven't already, I would suggest taking a trip to see these areas for yourself. It will give you a better idea of which neighborhoods are improving, and which ones you should avoid.
Given the limited options for furnished, medium term rentals available to health care professionals you don't need to be directly adjacent to the hospitals to be attractive. And in many cases it would be more attractive to not be directly adjacent to them, especially since these customers will be staying for months in an area. They will need access to a grocery, etc, and need to feel safe in the location.
Hi everyone! I am looking to purchase my first investment property (woo-hoo!) and have been looking in Cleveland, OH pretty heavily. I'm on the hunt for a property management company that can help with mid term rentals, specifically to traveling nurses. If anyone has any recommendations, I would appreciate it!
If you have any other tips or would be willing to talk with me about anything I may not be aware of regarding rentals in Cleveland, I'd be happy to connect.
(I am a Realtor in Portland, OR and have spoken to a Realtor in Cleveland, but have not signed on with anyone yet.)
Hey Alex, if that's the route you are considering, research areas close to Cleveland Clinic and University Hospital on the east side, and around MetroHealth on the west side. If you haven't already, I would suggest taking a trip to see these areas for yourself. It will give you a better idea of which neighborhoods are improving, and which ones you should avoid.
Thanks for the insight Jake! I am looking in areas that are close to main hospitals, also focusing on just the general area in regards to amenities, safety, etc., so a good amount of factors. I may take a trip down there before purchasing or during inspections, but want to make sure the numbers pencil out first.
If you have a good mid-term property manager, feel free to send it over!
Given the limited options for furnished, medium term rentals available to health care professionals you don't need to be directly adjacent to the hospitals to be attractive. And in many cases it would be more attractive to not be directly adjacent to them, especially since these customers will be staying for months in an area. They will need access to a grocery, etc, and need to feel safe in the location.
Definitely! I want to be sure that the rental is attractive to all, so if it does get turned into a long-term rental, it will still do well.
Hi everyone! I am looking to purchase my first investment property (woo-hoo!) and have been looking in Cleveland, OH pretty heavily. I'm on the hunt for a property management company that can help with mid term rentals, specifically to traveling nurses. If anyone has any recommendations, I would appreciate it!
If you have any other tips or would be willing to talk with me about anything I may not be aware of regarding rentals in Cleveland, I'd be happy to connect.
(I am a Realtor in Portland, OR and have spoken to a Realtor in Cleveland, but have not signed on with anyone yet.)
I know them all, happy to help. Also stop trying to reinvent the wheel, just do long term. Getting reliable staff to turn a property in a day or two is not reality. Be happy with your 10% or better net cap and move on . At the end of the day MAYBE you will get a few % more with midterm, but A LOT of headaches and hands on .Aso you will have to add about 10k for furnishings, IMO this is not a good Idea. Also, you better be cash or have not less than 45kish,
Good luck
Hi everyone! I am looking to purchase my first investment property (woo-hoo!) and have been looking in Cleveland, OH pretty heavily. I'm on the hunt for a property management company that can help with mid term rentals, specifically to traveling nurses. If anyone has any recommendations, I would appreciate it!
If you have any other tips or would be willing to talk with me about anything I may not be aware of regarding rentals in Cleveland, I'd be happy to connect.
(I am a Realtor in Portland, OR and have spoken to a Realtor in Cleveland, but have not signed on with anyone yet.)
Hey Alex, if that's the route you are considering, research areas close to Cleveland Clinic and University Hospital on the east side, and around MetroHealth on the west side. If you haven't already, I would suggest taking a trip to see these areas for yourself. It will give you a better idea of which neighborhoods are improving, and which ones you should avoid.
Thanks for the insight Jake! I am looking in areas that are close to main hospitals, also focusing on just the general area in regards to amenities, safety, etc., so a good amount of factors. I may take a trip down there before purchasing or during inspections, but want to make sure the numbers pencil out first.
If you have a good mid-term property manager, feel free to send it over!
You are working way to hard, just buy long term rentals and call it a day. If you had purchased 6, 7 years ago, you would have doubles tripled or more on top of your double-digit net caps.
Hi everyone! I am looking to purchase my first investment property (woo-hoo!) and have been looking in Cleveland, OH pretty heavily. I'm on the hunt for a property management company that can help with mid term rentals, specifically to traveling nurses. If anyone has any recommendations, I would appreciate it!
If you have any other tips or would be willing to talk with me about anything I may not be aware of regarding rentals in Cleveland, I'd be happy to connect.
(I am a Realtor in Portland, OR and have spoken to a Realtor in Cleveland, but have not signed on with anyone yet.)
I know them all, happy to help. Also stop trying to reinvent the wheel, just do long term. Getting reliable staff to turn a property in a day or two is not reality. Be happy with your 10% or better net cap and move on . At the end of the day MAYBE you will get a few % more with midterm, but A LOT of headaches and hands on .Aso you will have to add about 10k for furnishings, IMO this is not a good Idea. Also, you better be cash or have not less than 45kish,
Good luck
Thank you Bob! I appreciate the input. I'll send you a message for a few contacts if you have them.