Cleveland Rental Market
Hello BP,
Can anyone give me some insight on the rental market in Cleveland. I have been seeing a lot of things come up in Cleveland area. Clearly the real estate market is still in the dumps there. However, is there a decent market for rental properties?
I have experience in remodels, flips, buy & hold however, I know very little about Cleveland. How is the homes to tenants ratio? I would like insight from people who are actively investing in Cleveland rentals or rehab properties.
Are there any places to stay out of? The bulk of my rentals are in very low income/poverty areas so I'm not afraid of that market but in some places it simply won't work. Any management company recommendations?
Thanks!
Cleveland, Ohio