As a property manager and deciding areas for targeted investments we use different language to help you meet your goals. Portfolio statistics help answer your questions and help guide you into investments that make sense. For example, we talk about high vacancy areas and high theft areas according to what we experience. As well as high turn over areas. If you have specific homes you are looking at we can tell you how similar homes in the area perform as rentals. If you are considering rentals areas work with a property management company that focuses on helping you build a portfolio with your goals in mind. Your success no matter where you purchase a rental is really more related to who is managing the property. I have rentals in every area of Toledo that come to me in a mess from poor management and with experience we turn them around and provide good homes in every corner of Toledo. If you want to know how to find a good management company. Call the court house and see how many complaints of rent escrow are against a company. If they don't care of other owners properties they won't take care of yours. www.thehousestoponline.com... more
Well I will be honest I do not do rentals and so therefore I would not be able to help with this question, however the Danberry Company does have a rent program a qualified agent can probably assist with that. I can refer you to someone who can help you if you like.... more
Here are a couple property management companies I know of who are both honest and dependable:
Rylan Properties 419.704.4389
Avalon Realty 419.787.2036
There are a lot of property management companies out there, but there are MANY who are operating illegally.
Here's how you tell: first ask if the managment company is leasing their own properties or if they are leasing for other owners.
If they are leasing properties for others, ask them who is their real estate broker. If they don't have one, it's an illegal operation. You might even consider turning them in to the Ohio Division of Real Estate. The Division levies hefty fines against these operators!
If they are only managing their own properties and not those owned by others then there is no problem, one can always manage his own properties.
I'm sorry to hear about your foreclosure situation, but you certainly are not alone! Remember, too, that you can continue to stay in your own home until you receive notice from the court that you must move. You should check with an attorney regarding your rights and if money is tight you may qualify to use legal aid. I believe they will work with people who earn up to 2 1/2 times the poverty level (which depends on family size and geographic are). You can find their number on line.