All Forum Posts by: Valerie Couch

$338,000 - (4) Managed SFR with Assigned Tenant Cash Flow NOW! - CLEVELAND TURNKEY

Smartland sets the STANDARD for Cleveland Turnkey - Learn Turnkey Passive investing today

• Homes Acquired & Owned by Smartland
• Homes Renovated & Remodeled by Smartland
• Homes Rented & Managed by Smartland
• Homes Maintained by Smartland

The one and only Comprehensive Turnkey Operator in CLEVELAND, OHIO

Learn from our expertise and experience, enjoy passive income and simple REI.

Understand the benefits of simple Turnkey without paying a premium, see how savvy investors from all over the globe enjoy wealth building through Real Estate using the Smartland team.

The numbers tell the story:

37% Reduction in Tenant Turn-Over Year over Year (2014 - 2015)

37% Reduction in Tenant Rent Ready Year over Year (2014-2105)

Average Tenant occupancy 24.125 Months

• Average Annual Maintenance Exposure $700.00

Smartland differentiates itself in the marketplace by being a leader in innovation, product research and construction efficiency. We pass the savings on to our investors, we exclusively manage SFR for Smartland investors and Smartland properties. Our uniform, standardized material and construction methodology allows all investors to take advantage of and benefit from our economies of scale and savings. It's simple to maintain and manage resulting in additional savings to investors and increasing their ROI.

TURNKEY ASSET PORTFOLIO - 4 SFR RENOVATED 2015/2016 CASH FLOWING MANAGED ASSETS

(4) Home SFR Managed Turnkey Portfolio

1003 Glenside Ave., South Euclid, OH

• 3 bedrooms, 2 full bathrooms
• 6-Month free maintenance warranty
• 6-Month placement guarantee
• 2-Year lease in place
• Purchase price: $91,000
• Rent: $1,050/month
• Tenant through 11/30/2017

21440 Fuller Rd., Euclid, OH

• 3 bedrooms, 2 full baths
• 6-Month free maintenance warranty
• 6-Month placement guarantee
• 2-Year lease in place
• Purchase price: $84,000
• Rent: $945/month
• Tenant in place through 6/30/2017

296 E. 246th St., Euclid, OH

• 3 bedrooms, 1 bathroom
• 6-Month free maintenance warranty
• 6-Month placement guarantee
• 2-Year lease in place
• Purchase price: $79,000
• Rent: $950/month

1560 E. 196th St., Euclid, OH

• 4 bedrooms, 1 bathroom
• 6-Month free maintenance warranty
• 6-Month placement guarantee
• 2-Year lease in place
• Purchase price: $84,000
• Rent: $1,050/month
• Tenant in place through 11/30/2017

Located in family-oriented neighborhoods, these homes provide the yard, storage space, parking, and privacy that many families desire long term. Comprising nearly 52% of today’s rental market, single family rentals are the most common property investment among first time real estate investors. Browse our list of single family homes to learn how you can yield positive returns on this investment.

@Crystal Perez

Probably wise, sounds like NYC is not for everyone - it's my understanding it can take over a year to evict a tenant!  

Sounds like you've had a great offering of suggestions, don't be shy to venture outside of your geographic comfort zone.  As long as you have a great property manager in place go for where the numbers look good.

Feel free to reach out with any questions.

All the best,

Val

This is an amazing opportunity!  Tenant has been in place since 2012 and just signed a 2-year renewal through 2/28/2018!  Just updated floors with new laminate throughout!

3666 E. 131st Street, Cleveland, OH 

• Lease through February, 2018!!
• 3 bedrooms, 1 bathroom
• 6-Month free maintenance warranty
• 6-Month placement guarantee
• Purchase price: $49,900
• Rent: $610
• 31% ROI
• 10% Cash-on-Cash Return!

Smartland sets the STANDARD for Cleveland Turnkey - Learn Turnkey Passive investing today

• Homes Acquired & Owned by Smartland
• Homes Renovated & Remodeled by Smartland
• Homes Rented & Managed by Smartland
• Homes Maintained by Smartland

The one and only Comprehensive Turnkey Operator in CLEVELAND, OHIO

Learn from our expertise and experience, enjoy passive income and simple REI.

Understand the benefits of simple Turnkey without paying a premium, see how savvy investors from all over the globe enjoy wealth building through Real Estate using the Smartland team.

The numbers tell the story:

37% Reduction in Tenant Turn-Over Year over Year (2014 - 2015)

37% Reduction in Tenant Rent Ready Year over Year (2014-2105)

Average Tenant occupancy 24.125 Months

• Average Annual Maintenance Exposure $700.00

Smartland differentiates itself in the marketplace by being a leader in innovation, product research and construction efficiency. We pass the savings on to our investors, we exclusively manage SFR for Smartland investors and Smartland properties. Our uniform, standardized material and construction methodology allows all investors to take advantage of and benefit from our economies of scale and savings. It's simple to maintain and manage resulting in additional savings to investors and increasing their ROI.

For a limited time, we are offering Free Property Management to New Smartland Investors! 

Contact me to learn how before this offer expires! 

Smartland is THE Number One True Turnkey Provider in Northeast Ohio!!

1003 Glenside Rd., South Euclid, OH 44121

19% ROI Year 1!!!!!

9.5% Cap Rate

9% Cash-on-Cash Return

• Lease through 11/30/2017
• 3 bedrooms, 2 full baths
• 6-Month Free Maintenance Warranty
• 6-Month Placement Guarantee
• Purchase Price: $91,000
• Rent: $1,050

1003 Glenside Rd., South Euclid, OH 44121

Smartland sets the STANDARD for Cleveland Turnkey - Learn Turnkey Passive investing today

• Homes Acquired & Owned by Smartland
• Homes Renovated & Remodeled by Smartland
• Homes Rented & Managed by Smartland
• Homes Maintained by Smartland

The one and only Comprehensive Turnkey Operator in CLEVELAND, OHIO

Learn from our expertise and experience, enjoy passive income and simple REI.

Understand the benefits of simple Turnkey without paying a premium, see how savvy investors from all over the globe enjoy wealth building through Real Estate using the Smartland team.

The numbers tell the story:

37% Reduction in Tenant Turn-Over Year over Year (2014 - 2015)

37% Reduction in Tenant Rent Ready Year over Year (2014-2105)

Average Tenant occupancy 24.125 Months

• Average Annual Maintenance Exposure $700.00

Smartland differentiates itself in the marketplace by being a leader in innovation, product research and construction efficiency. We pass the savings on to our investors, we exclusively manage SFR for Smartland investors and Smartland properties. Our uniform, standardized material and construction methodology allows all investors to take advantage of and benefit from our economies of scale and savings. It's simple to maintain and manage resulting in additional savings to investors and increasing their ROI.

@Will Spruill

Just throwing in my 2 cents, although a lot will likely be redundant.

As an agent, of course, I'm limited to how I may comment on a neighborhood :-)  That said, I always encourage folks to do their due diligence and research crime statistics, demographics, etc. since everything is so accessible online.  Generally speaking, if it seems too good to be true, it just may be.

That's not to say that having a rental property in a "lower-income" neighborhood can't be a great opportunity.  As @Christian Carsonsaid, a huge concern is vandalism.  Not that it can't happen anywhere, but certainly much more likely.  It does take some diligence from your property manager.  

Here's the positive note, even though finding a qualified renter can be a little more challenging, it can absolutely be done.  You often have a much larger pool of applicants to choose from and in many cases they are able to secure cosigners (with good credit and verifiable income).  We do extremely thorough vetting so that includes criminal background, employment/income verification, rental history and credit.  If everything aside from credit looks good (current landlord gives good review, they have good income, no evictions, no criminal background) and they are unable to secure a qualified cosigner, we will sometimes accept a security deposit equal to three times the monthly rent.  This helps to protect the owner through the eviction process should tenant default .  However, when a tenant gives that substantial of a deposit, they assume they are going to get it back and are less likely to be problematic. 

Good luck and feel free to reach out with any questions or to chat further! 

Look forward to seeing you around the BP forums.

All the best,
Val

1560 E. 196th St., Euclid, OH 44117

• Lease through November, 2017!!
• 4 bedrooms, 1 bathroom
• 6-Month free maintenance warranty
• 6-Month placement guarantee
• Purchase price: $84,000
• Rent: $1,050

Smartland sets the STANDARD for Cleveland Turnkey - Learn Turnkey Passive investing today

• Homes Acquired & Owned by Smartland
• Homes Renovated & Remodeled by Smartland
• Homes Rented & Managed by Smartland
• Homes Maintained by Smartland

The one and only Comprehensive Turnkey Operator in CLEVELAND, OHIO

Learn from our expertise and experience, enjoy passive income and simple REI.

Understand the benefits of simple Turnkey without paying a premium, see how savvy investors from all over the globe enjoy wealth building through Real Estate using the Smartland team.

The numbers tell the story:

37% Reduction in Tenant Turn-Over Year over Year (2014 - 2015)

37% Reduction in Tenant Rent Ready Year over Year (2014-2105)

Average Tenant occupancy 24.125 Months

• Average Annual Maintenance Exposure $700.00

Smartland differentiates itself in the marketplace by being a leader in innovation, product research and construction efficiency. We pass the savings on to our investors, we exclusively manage SFR for Smartland investors and Smartland properties. Our uniform, standardized material and construction methodology allows all investors to take advantage of and benefit from our economies of scale and savings. It's simple to maintain and manage resulting in additional savings to investors and increasing their ROI.

Welcome @Emily Mead

Great to have you here!  You are definitely in the right place, feel free to reach out with any questions...plenty of assistance and knowledge available.

Good luck! 

 Hi Christopher,

I'm certainly biased but I do work with several CA investors who appreciate how great the Cleveland market is and how attainable good cash flowing properties are.  If you haven't done so I would highly recommend taking a look.

All the best,

Val