All Forum Posts by: Michael Magno

I would definitely reach out to @Michael Magno on here, He's probably the best investor focused realtor in cleveland.

As a property manager and investor, Cleveland has a lot of eccentricities, with different towns and neighborhoods being very different.Some are easier than others. Don't be afraid of the cleveland Lead Clearance requirement,There are grants to cover the costs, and it's easy to pass if you have a solid property.

I'd recommend avoiding the trap of going into low income properties. The numbers look amazing compared to Other cities, but tenant turnover, and the maintenance on 100 year old houses can be tough. Most PMs won't take them.

Lakewood and parma might be more expensive up front, but you'll have far fewer expenses and headaches.

There's a lot of opportunity in my hometown. Feel free to reach out for advice.

 Why Cleveland why not Columbus or Cinnicy??

How does one find investors without just plain asking people? That seems a little on the spot. I'm looking to grow my portpolio in the northern midwest area-ND, MN, SD.

I am moving towards my first real estate investment (House Hack). Up until now, I have been in the process of educating myself to the best of my ability. I am currently in the process of solidifying my financial plans (securing a loan) and looking into getting a real estate agent. I know after having multiple investment properties, it could be more beneficial to have property managers, CPA, bookkeepers, etc. However, I like the idea of starting with a minimal team, so that I can better learn the ropes myself. Then I can hand off these responsibilities to other team members, as I expand my operation. With that in mind, who should I consider "essential" (I use this word loosely) to my team for the FIRST investment? Also, at what point would it be beneficial to start introducing CPA, bookkeepers, etc. to my team?

I'm reaching out to the bigger pockets community in hopes of meeting similar landlords/people who either have dealt with such issues while managing their own properties or perhaps someone with recommendations to help. I'm a new investor I have been purchasing rentals for the last year and a half. I have 18 units, across 16 properties now and in Akron/Cuyahoga falls.. I have a terribly hard time finding a well communicating / cost-effective handyman to do a lot of the minor cosmetic work to make my homes rent-ready when a tenant leaves. Often I find myself at the mercy of slow-moving contractor handymen that force me to leave homes sitting vacant. I currently have 3 homes vacant as we speak. (had 3 tenants leave at the same time)

Do you have recommended contractors in the area? 

Have you gotten to the point where maybe it's better to run a payroll along with subsided housing for someone that fits? It seems like trying to hire someone from Angi is impossible (because the handymen do a certain trade or task, or are unwilling to take on this job) and the costs are a little unreasonable.

I've considered trying to hire (with a payroll from Indeed) someone part-time,. I live in Los Angeles (though I have family there in Akron, but they're busy working full time as well).

Anyways, any professionals, and landlords over in Ohio that have any thoughts I would appreciate it. I'm learning as I go, and I appreciate meeting other people.

Hey Tyler,

I just sent you a PM

Hi, I own a small construction company, and also manage around 200 doors in Ohio, between Cleveland and Akron.

I am trying to acquire more properties to manage, as well as pick up customer's for rehab work. 

Does anyone have any best practices or tactics that have been successful in the past for them?

Thanks,

Chris