East Side Of Cleveland

East Side Of Cleveland

Cleveland, OH · Member since 2026 · 14 posts · 1 vote
I keep seeing guys on the forums saying to completely stay away from East Cleveland—whether for rentals or small retail shops. The stuff people complain about is real, like slow city services, high vacancy, and security concerns, but what usually happens is an out-of-state investor buys a deal off a spreadsheet, hires a cheap manager, and tries to run it on autopilot from 500 miles away before getting wiped out by employee theft, high turnover, and zero oversight. Trying to run a cash business or rental remotely in a tough neighborhood fails almost every time, meaning it’s usually not a location problem, but an operator problem. Where an absentee owner loses his shirt, someone actually standing on the shop floor every day can pull serious cash flow because assets here sell for way less than what they cost over in Cleveland Heights or University Circle despite the daily foot traffic being very real, being physically behind the counter kills shrinkage on day one while cutting out extra payroll, and people in the neighborhood respect consistency and build loyalty with an owner who actually shows up every day. I live right down the road in Lorain County, and I’m fully prepared to put in 12-hour days, work the register, keep inventory locked down, and run the daily operations directly—because a "good" market with an absentee owner will bleed money, but a rougher area with a hands-on operator can produce incredible returns.
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Nathan FisherBusiness Member
Property Manager · Cleveland, OH · Member since 2020 · 305 posts · 260 votes
3w
and you're a licensed property manager and Realtor? There's been a few unlicensed property managers who have imploded in the last few months. They ran away with a lot of investor money. 
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  • Nathan FisherBusiness Member
    Property Manager · Cleveland, OH · Member since 2020 · 305 posts · 260 votes
    3w
    and you're a licensed property manager and Realtor? There's been a few unlicensed property managers who have imploded in the last few months. They ran away with a lot of investor money. 
    • Cleveland, OH · Member since 2026 · 14 posts · 1 vote
      3w

      @Nathan Fisher User error it seems the buisness should be able to pay for its self and any financial mismanagement 

    • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
      2w

      What are the details? Haven't heard about this.

  • Arman AhmedPro Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 904 votes
    3w
    Quote from @Tyrone Jackson:
    I keep seeing guys on the forums saying to completely stay away from East Cleveland—whether for rentals or small retail shops. The stuff people complain about is real, like slow city services, high vacancy, and security concerns, but what usually happens is an out-of-state investor buys a deal off a spreadsheet, hires a cheap manager, and tries to run it on autopilot from 500 miles away before getting wiped out by employee theft, high turnover, and zero oversight. Trying to run a cash business or rental remotely in a tough neighborhood fails almost every time, meaning it’s usually not a location problem, but an operator problem. Where an absentee owner loses his shirt, someone actually standing on the shop floor every day can pull serious cash flow because assets here sell for way less than what they cost over in Cleveland Heights or University Circle despite the daily foot traffic being very real, being physically behind the counter kills shrinkage on day one while cutting out extra payroll, and people in the neighborhood respect consistency and build loyalty with an owner who actually shows up every day. I live right down the road in Lorain County, and I’m fully prepared to put in 12-hour days, work the register, keep inventory locked down, and run the daily operations directly—because a "good" market with an absentee owner will bleed money, but a rougher area with a hands-on operator can produce incredible returns.

    I agree that the operator matters, but I’d add one big piece to the equation: you have to know the neighborhood block by block. East Cleveland can change dramatically from one street to the next, so I’d rather buy a little more conservatively in a pocket with better demand than chase the lowest price on the map. Having someone local who knows the streets, tenants, and property history firsthand is a huge advantage, especially for an out-of-state investor.

    • Cleveland, OH · Member since 2026 · 14 posts · 1 vote
      3w

      @Arman Ahmed That's where imvestors need to take an different approach when dealing with people as an person of color myself I see it all the time people will feel comfortable and act better around people they know relate to them not just some person who says they've been there

  • Attorney · 10451 Mill Run Cir #755 Owings Mills, MD 21117 · Member since 2024 · 300 posts · 112 votes
    3w

    @Tyrone Jackson, I actually think the hands-on approach can make a huge difference, especially in a market where operations matter this much. One thing I’d be careful about is separating the return on the investment from the value of your own time.

    If the numbers only work because you’re behind the counter 12 hours a day, I’d want to know what the business looks like once you eventually have to hire someone to replace yourself. That can tell you whether you’ve built a strong investment or just created a very demanding job.

    I like that you’re thinking about the operator side though. A lot of people only look at the purchase price and never ask who is actually going to make the property or business work day to day.

    • Cleveland, OH · Member since 2026 · 14 posts · 1 vote
      3w

      @Diana Khan the buissness once I hire someone else personally would be the same if not better maybe extend to an 24/7 option for more profits 

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