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Updated 2 days ago on . Most recent reply

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Ravi Iyer#4 New Member Introductions Contributor
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Looking for Help in Columbus Ohio

Ravi Iyer#4 New Member Introductions Contributor
Posted

Hi all....

I am a newbie real estate investor who lives in California and is inheriting rental property in Columbus Ohio. I'd love advice on managing properties (including possible property management companies) and am open to expanding/exchanging/remodeling/etc.  Some of them definitely could use work, but are in good areas IMHO.  I grew up in Columbus so have some knowledge of the area. Feel free to give me recommendations or self-nominate folks I should talk with.

Much appreciated!

Ravi

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Melissa Justice
#1 All Forums Contributor
  • Rental Property Investor
  • Phoenix, AZ
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Melissa Justice
#1 All Forums Contributor
  • Rental Property Investor
  • Phoenix, AZ
Replied

@Ravi Iyer,

Hey! Welcome, and congrats on stepping into real estate investing (even if it’s via inheritance)! Owning property in Columbus, OH can be a major advantage! It’s a growing market with solid rental demand, especially in well-located neighborhoods.

Since you’ve got some local knowledge, you’re already ahead of most out-of-state landlords. Now it’s just about getting systems and the right team in place.

Here’s how to get started -- 
Property Management Tips:
Interview at least 2–3 local property managers - ask about their experience managing older properties, tenant screening, rent collection, and maintenance response times.

Look for firms that manage small to mid-size multifamily if your portfolio includes duplexes or quads.

Ask for references from other landlords they work with, and don’t hesitate to request a sample owner report.

If You’re Considering Remodels:
Prioritize units that are vacant or underperforming first - improving those can bring immediate ROI.

Focus on rent-ready renovations: flooring, paint, kitchens/baths, curb appeal.

Ask PMs or agents what finishes renters expect in the area so you don’t over-renovate.

Thinking of Expanding/Exchanging?
Columbus still has pockets with great rent-to-price ratios and steady appreciation.

If you’re holding long-term and want less hassle, you might explore selling off a high-maintenance unit and 1031 exchanging into a turnkey or newer-build duplex.

You’ve got a solid asset base in a strong market. With the right team and strategy, you can definitely grow from here. Welcome to the investor side! Excited to see where this goes for you!

Best of luck,

Melissa

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Melissa Justice, Rent to Retirement Investment Strategist

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