Cleveland Property Management Blog

What Is a 1031 Exchange? A Landlord's Guide

The average price tag on properties swapped in a 1031 Exchange is a whopping $1.32 million (Business Wire). That's right, this isn't just for small-timers -- we're talking serious commercial deals happening here. The magic behind these million-dollar moves is a 1031 E...

Understanding Owner Statements for Property Management

Are your property investments losing money without your knowledge?Owner statements hold the key to uncovering financial blind spots and ensuring every dollar is accounted for. These detailed reports break down income, expenses, and balances, giving you a complete picture of your ...

What Do Landlords in Cleveland, OH, Need to Know About Security Deposits?

In recent years, security deposit theft has become a hot topic in Cleveland. As a landlord, how do you ensure you won't be accused of it as well?At first glance, the answer seems obvious: treat your tenants fairly. The thing is, this isn't always that simple. Ohio's s...

Cleveland Accidental Landlord Tips

Have you recently found yourself managing a Cleveland rental property? Need advice on managing your rental property?Becoming an accidental landlord can feel overwhelming, especially if you've never planned to manage a rental property. Whether you inherited a property, moved w...

Signs You Need to Hire a Property Management Company in Cleveland, OH

According to data published by Advance Local Media, about 59.% of Cleveland residents rent their homes.As a rental property owner, these all represent potential tenants. However, if you (like many landlords) are struggling to manage your properties effectively, you might not be a...

Master Turnkey Property Management for Better ROI in Cleveland, OH

According to data from ATTOM, the median house sale price in Ohio in June was $250,000, up from $205,000 in January.The housing market in Ohio has a lot of potential, but you need to do things right if you want to be successful. Managing rental properties isn't easy, so it ma...

3 Benefits of Leasing-Only Service in Cleveland, OH

The average 2-bedroom apartment in Ohio rents for $843, but this doesn't mean every 2-bedroom apartment is worth this rate. In fact, some are worth more and others less, but how do you know?As a landlord, you must research local rates, but this is only one of dozens of tasks....

Essential Tips for Maintaining Accurate Rental Property Accounting Records

Cleveland's recent jump in the cost of rent has ranked fifth compared to other American cities. Fluctuating rent is by no means the only number a landlord must keep track of.Having precise rental property accounting records is fundamental in Cleveland, Ohio. Proper bookkeepin...

How to Be a Successful For Rent by Owner Landlord in Cleveland, OH

According to the U.S. Census Bureau, over 21 million renter households struggle with housing affordability. As a For Rent by Owner (FRBO) landlord in Cleveland, this presents both challenges and opportunities.For example, you can attract tenants by offering affordable units. Howe...

Essential Tips for Landlords: Maximize Your Rental Income in Cleveland

The Greater Cleveland area experienced a rent increase of 6.5% between March 2023 and March 2024. The figures put Cleveland at number three nationally for the highest rent increase year over year.Cleveland landlords have been put into a challenging position. They are forced to ra...