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Is your Property Turning Away Renters?

by Travis Tomlinson

Any property management business is reliant on a steady stream of renters, so it's vitally important that you do everything necessary to keep your property and it's maintenance at the forefront of your business.  Here are 7 areas to focus on to maintain a strong rental property:

Advertising your Property- Renters will search many different online sites and other rental resources before deciding on the properties to view. YOUR listings need to stand out from the rest of the group.  Make sure you have complete information and beautiful photos that give them a reason to tour your property first. Make sure to include all amenities and any smoking and pet policies.

Do you have a mobile web presence?  Since over 80% of people searching for both rentals and properties for sale will access your listings by a mobile device, it is important to ensure your website is responsive to all devices.  Make sure the content is easy to read and navigate.

Can your Renters apply online? In this day and time, any renter is going to apply online....and look for those companies and individuals who provide that easy access. Make sure you have an online form, downloadable, for your potential renter to utilize.

How does your Rental Property look?  While you don't need to update everything in a property before you set out to rent it, it is critical that the property is updated on a regular basis. If it's been decades since you've done any updating, that could be the reason it's difficult to rent.  Does your property have wood paneling, popcorn ceilings, outdated wallpaper or appliances that need work?  Then it's time to focus on those areas and update accordingly for better rental success and income.

Do you allow online monthly payments?  In our technologically advanced world most individuals now pay the majority of their household bills online...especially the Millennial generation! Remembering to drop off their monthly check, in the midst of crazy everyday lives, makes renting a property without this option less attractive.

Are your current Renters happy with your attention to Maintenance Requests?  While you may not get many maintenance requests on a well maintained property, they do happen periodically.  Do you quickly respond to your tenant? Are the requests handled in a timely fashion?  If not, this can tarnish your reputation in the rental property business.

What are your Tenants receiving from you?  While you're in this business to make money on your rental properties, your tenants need to feel they are getting the most 'bang for their buck' as well.  To gain a new tenant you may want to look at offering something upfront- offering discounts, area gift cards, allowance of a pet, etc.  The property should also offer some common use areas outside of their rental unit. 

For expertise in property investment and management, visit our website or give our team a call.

Why Invest in Properties in Cleveland Ohio?

by Travis Tomlinson

Investing in Real Estate is hotter than ever...but choosing the right market is critically important.

Cleveland Ohio is one of the hottest markets for real estate investing in 2017!  Why you ask?  

Downtown Cleveland has a 95% housing occupancy rate.

Listed as one of the Top 10 Job Markets for recent college graduates

Cleveland is headquarters to 11 companies on the Fortune 500 list:

  1. Applied Industrial Technologies,
  2. American Greetings Corporation
  3. Eaton Corporation
  4. Ferro Corporation
  5. Key Corporation
  6. Lincoln Electric Holdings
  7. Medical Mutual of Ohio
  8. Nacco Industries
  9. National City Corporation
  10. Parker Hannifin Corporation
  11. Sherwin Williams Company

We are home to 27 Area Colleges and Universities of which these rank in the Top 50 in the State:

  • Case Western Reserve
  • John Carroll University
  • Baldwin Wallace University
  • Franciscan University of Steubenville
  • Cleveland State University
  • Cleveland Institute of Art
  • Notre Dame College

Northeast Ohio is considered a ‘Hot Spot’ for Entrepreneur’s in the region.

Cleveland is a Region Banking Hub; with 12 Federal Reserve Banks

Home to our beloved Cleveland Browns (NFL), Cleveland Cavaliers (NBA), Cleveland Indians (MLB) & the Cleveland Monsters (NHL)

The Rock and Roll Hall of Fame is located here and receives over 7 million visitors annually!

Cleveland Clinic is the #2 ranked hospital nationally!

 

The Cleveland Ohio area offers Real Estate Investors an excellent platform from which to grow their portfolios with a valuable investment offering a strong monthly cash flow.

Learn more about the Real Estate Invest opportunities here by contacting our team or visiting our website.

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