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All Forum Posts by: Ryan Arth

Ryan Arth has started 28 posts and replied 796 times.

Post: New investors looking into Cleveland market

Ryan ArthPosted
  • Real Estate Agent
  • Cleveland / Akron, OH
  • Posts 819
  • Votes 362

@Shane Davis If you need any help I would be happy to speak to you.

Post: Mid Term Rental Property Manager in Cleveland

Ryan ArthPosted
  • Real Estate Agent
  • Cleveland / Akron, OH
  • Posts 819
  • Votes 362

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.

Post: City's rules and regulation

Ryan ArthPosted
  • Real Estate Agent
  • Cleveland / Akron, OH
  • Posts 819
  • Votes 362

You also get the skiing traffic in the cold season (when it used to snow here). Especially if you are actually in the park (ie Peninsula), or directly adjacent. 

Post: New to Cleveland market! Out-of-state investor looking to learn and take action!

Ryan ArthPosted
  • Real Estate Agent
  • Cleveland / Akron, OH
  • Posts 819
  • Votes 362
Quote from @Robert Zajac:
Quote from @River Sava:

Hi Robert, welcome!

What types of properties are you intersted in? Have you looked into local meetup groups? I know you are out of state but sometimes you can find virtual sessions that might help with insight. 


I am interested especially in small multifamily properties. Preferably turnkey in a good neighborhood (C+ and above). I know these may not be as lucrative, but I'm looking for something more simple and straightforward as I'm getting started! I imagine myself getting into more rehab intensive (possibly even BRRRR) projects as I build my portfolio and experience!

I have not found any local meetup groups yet, but I would be very interesting in getting involved in some here! Both virtually and possibly occasionally in person as well!



 You can find local meetup groups in the area on meetup.com and you can also find virtual groups (sometimes related to the in-person ones) on FB. 

Post: Highly Rated Home Inspection Company

Ryan ArthPosted
  • Real Estate Agent
  • Cleveland / Akron, OH
  • Posts 819
  • Votes 362

Shoreway Home Inspections, InspectionTech.

Post: Looking for private money, nice return.. Proven track record..

Ryan ArthPosted
  • Real Estate Agent
  • Cleveland / Akron, OH
  • Posts 819
  • Votes 362

@Steven R. Congratulations. Where in Akron are you building and what market segment are you building for?

Post: Is investing in University area of Akron a good idea?

Ryan ArthPosted
  • Real Estate Agent
  • Cleveland / Akron, OH
  • Posts 819
  • Votes 362

@Evelyn Allasi I understand your logic when considering the area, but the University created a lot of housing over the past decade that put pressure on people with houses that they had marketed to students. A lot of the housing stock in that area is quite old, and you already reviewed the data about the sub-market's issues. People who weren't able to find student tenants when the new supply came online had to rent to area residents, which may not have fit their model. 

Also, the University had some major challenges during the Pandemic, reducing their available programs as enrollment dropped.

Anecdotally, I have a friend who bought two adjacent houses to turn into University rentals. They were right by the stadium, but were in rough shape. After looking at the competition and the demand in the market we ultimately sold them to an out of state investor with seller financing. She improved the houses and now indicates that she wants to sell them off, as the idea was more promising than the investment. 

Some of the owners in that area own a dozen or more houses and occasionally sell them off in packages. The age of the housing stock coupled with the inexperience of a student tenant might make it difficult to keep up with maintenance without a strong property manager.

Post: Quadplex in Cleveland - I need some real advice. Thanks!

Ryan ArthPosted
  • Real Estate Agent
  • Cleveland / Akron, OH
  • Posts 819
  • Votes 362

Other than the financial aspects discussed, look at the construction differences between duplexes and quads. Many duplexes built around here are traditional up/down stick frame duplexes sided with either wood. vinyl or aluminum. Many of the quads are brick, the stairwells are usually larger (helpful in getting a fridge or furniture up), and you just have a more solidly built structure to work with. 

Post: Short term rental around Cleveland clinic

Ryan ArthPosted
  • Real Estate Agent
  • Cleveland / Akron, OH
  • Posts 819
  • Votes 362

@Itay Heled I have a friend who has 50 doors in that area, all MTR for healthcare staff. He is working on a defunct hotel for the same clientele right now. 

I'm doing some work for a client who is looking to do the same, though not specifically near the Clinic, as you can reach people at any of the three health systems without being directly near the Clinic. The scarcity of options that these people have makes them happy to drive a bit to solve their problem while also maintaining their comfort and safety during their stay.

Post: Ohio Self Storage Investors

Ryan ArthPosted
  • Real Estate Agent
  • Cleveland / Akron, OH
  • Posts 819
  • Votes 362

@Allen Clark One of the regulars at our meetup has a couple locations and a guy who came last month is solely focused on them, though he is in many states. I haven't come across any specific meetups for this or any other niche asset. 

You could always find individuals and then start one, or join FB groups and then try to find members that are local. 

A local guy to connect with would be @Constantine Vasilatos