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Updated about 3 years ago on . Most recent reply

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Jack Morey
9
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24
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Cleveland Ohio Rental Property

Jack Morey
Posted

Hello all! I recently came across an article listing the top 10 cities for rental properties in 2021 and one of them was Cleveland Ohio. After a quick search on Zillow I found properties for as low as $20k. Now, I understand this comes with lower rent rates and, judging by the crime map, Cleveland doesn't seem like the safest place, but it still seems like a good opportunity.

Does anyone have rentals in Cleveland? if so what advice do you have for investing in this city, what has gone well and what hasn't? Also which areas are good and which should be avoided?

Most Popular Reply

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258
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Andrew Weiner
  • Property Manager
  • Cleveland, Oh
312
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258
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Andrew Weiner
  • Property Manager
  • Cleveland, Oh
Replied

Please don’t buy a 20k property, or should I say money pit.  Lots of opportunities and there are great areas to invest.  Look more at a suburbs, I’m an east sider so I like all of the heights... Cleveland Heights, Shaker heights, Maple heights , Garfield Heights , or Bedford... Heights.  Check out what rental properties are selling for and also market rental rates.

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