Our Investment Solution
Thinking about buying real estate as an investment property in Cleveland? Are you amazed at what the prices are for the homes? Planning to contact a real estate agent to find that cheap and perfect house? Then hire a contractor to fix it up. Then you will be finding that great tenant and begin leasing the investment property. Finally, you need to hire a management company to maintain the home and deal with tenants?
That’s a terrible idea!
Cleveland is where investors in residential real estate go to lose money. Like the rookie hitter in A ball who just got promoted to the Indians. Yeah, he can hit the fast ball. But can he hit the curve?
Cleveland real estate has a lot of curve balls. Most investors lose money in this town. Why? They overpay for that cheap house. Then they can’t find a qualified contractor. Adding to the misery is the hapless state of property management companies in Cleveland. Sure, they can handle condos and apartment complexes, but can they handle that ‘palace’ you bought in a shady area? No they can’t!
Bottom line. You can do well, but you need to know what you are doing first.
Reilly Properties lays out a comprehensive strategy to achieve a healthy R.O.I. of between 6% and 10%. We accomplish this by helping an investor to select the right home at the right price in an ascending neighborhood. We handle ALL renovations and mechanicals, from repairing the roof and checking sewer lines, to ensuring that the furnace and water tank are updated and functioning properly. We find and secure a qualified, professional tenant with good credit and a solid background (no Section 8 vouchers). Then, we manage the property and the tenant.
Watch our video below for more information.
You owe it to yourself to schedule a call with Reilly Properties. Our team has decades of experience profitably investing in real estate in Northeast Ohio. Contact us today to schedule a confidential review of how we can help you realize your investment objectives. You can also review our current list of investment properties here.