Cleveland Property Management Blog

Myths About Rental Property Pricing

>When you first begin a property business, you'll get a lot of well-meaning advice. But sometimes, all these tips and tricks can leave you feeling even more confused and overwhelmed.Take rental valuations, for example.Some people will tell you to price in line with neighbo...

How to Get Tenants to Renew Leases in Cleveland, OH

In the fourth quarter of 2022, the average rent in Cleveland, OH increased by over 12% from the previous year. For 2024, you can expect the same trajectory, meaning that renters are always on the lookout for better places.For the best profits possible, you need to keep your tenan...

Is Outsourcing Your Tenant Screening Process in Cleveland, OH a Good Idea?

Inaccurate screening reports are increasing moving costs for renters. However, not all tenant screening reports include accurate information. Between 2019 and 2022, the Consumer Financial Protection Bureau received 26,700 complaints about screening reports.Instead of going the DI...

How to Keep Great Tenants in Your Cleveland Investment Property

It's vital to know that around 36% of Cleveland residents are renters.Anyone who owns an investment property needs to prioritize tenant retention. Keeping great tenants ensures a steady income and lowers the hassle of finding new occupants.What should property owners know abo...

What's Next After Buying Your First Rental Property in Cleveland?

There are over 10 million rental property owners in the US.Becoming a real estate investor is no walk in the park. Aside from the financial aspect of purchasing an investment property, you've got to make sure it becomes a viable rental property that earns you money over time....

Pros and Cons of Allowing Pets in your Rental Property

As a landlord, you have limited options when it comes to allowing support animals in your rental unit, but what about pets?You're under no legal or moral obligation to open your home up to dogs, cats, or other smaller creatures. Yet, there are a few reasons why you should.The...

Things to Consider When Choosing a Rental Leasing Agent

A new Ohio bill makes it possible for certain people to break their leases. Staying in the loop on lease laws is essential.That's why choosing a rental leasing agent is a critical decision for both renters and property owners. Are you wondering how they can help?Keep reading ...

Rent Collection: Tips for Handling Delinquent Tenants in Cleveland, Ohio

As of early 2023, renters in the United States continued to owe nearly $11 billion in rental debt.Tenants behind on rental payments risk losing their homes but also put property owners and landlords at risk. Late and missed rental payments equate to lost income for investors.Coll...

Tenant Background Checks 101: A Guide for First-Time Landlords in Cleveland, Ohio

Anyone interested in property management hears of stories about terrible tenants. These stories are the bane of any owner, but the fear of bad tenants can be overwhelming for a first-time landlord.This is why doing a tenant background check is a vital step to protect yourself and...

Decrease Vacancy with Creative Leasing Strategies

The average vacancy rate in the United States is approximately 5.6% as of 2022. In general, rental properties with higher rent prices tend to have higher vacancy rates. As a landlord, dealing with an empty property can be an expensive and frustrating process. The good news is th...