Cleveland Property Management Blog

How to Calculate Rental Increases in Cleveland, Ohio

Between 2023 and 2024, Cleveland saw an outstanding 7.4% increase in median rent. As a real estate investor, this trend may put you in a tough spot.When you have to increase rent to stay profitable, the big question is: how much? If your increases outpace the market, you'll l...

Real Estate Asset Management: Best Practices That Put Money In Your Pocket in Cleveland, OH

Cleveland's real estate market is on the rise -- the S&P Case Shiller Home Price Index hit 192.23 in August 2024, a 92% increase since 2000, though still below national averages (Statista).Despite this gap, neighborhoods like Ohio City and Downtown Cleveland have become i...

Why Our Real Estate Agent Referral Program is the Best in Cleveland, OH?

In December 2024, Cleveland's housing market experienced a remarkable 15% year-over-year increase in home prices, surpassing national averages, according to the New York Post. This surge highlights the city's growing appeal and the expanding opportunities for real estate ...

5 Key Aspects of Maintenance Coordination in Cleveland, OH

RealWealth reports that the average home price in Cleveland, Ohio, has grown 6.5% annually since 2014. If you own or manage property in the area, this is great news. But to truly capitalize on this growth, it's crucial to stay on top of maintenance.Proper maintenance coordina...

Optimizing Owner Statements & Reporting for Success in Cleveland, OH

The real estate market in Cleveland is vibrant and constantly evolving. The New York Post reports that Cleveland, OH home prices surged 15% in December 2024. This was the largest surge among the 50 biggest U.S. cities.Effective owner statements and reporting are crucial to the su...

Should I Use a Home Warranty: A Guide for Cleveland Landlords

As a landlord in Cleveland, have you ever been caught off guard by an unexpected repair for your rental property?If so, you're not alone. Many housing experts agree that managing properties comes with its fair share of surprises, and these can often lead to significant financ...

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...