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Rents are going up in the Cleveland Metro area. The good part of this is we are seeing the rise in rental rates with my clients homes. Let me give you some examples.
13822 Courtland the lease went up $100 a month in just a year.
118 Glendale we were getting $1250 a month now we are getting $1350 a month.
1620 Harwich we were getting $1300 a month now $1400 a month.
You see the trend is going up at a good rate. When we look at investing in any area we look at the rental and equity trend. They both need to be going up in price.
That is why any investor that is looking at buying income/investment real estate needs someone that has bought a lot of real estate. I have personally purchased, rehabbed, leased and sold many 100's of properties.
Understanding the better places to park your money is key to creating long term income and wealth through real estate.
Quit guessing and call me (Brett) 216-703-5740 Fathom Realty or Whatsapp me
The stats the leases are going up
CLEVELAND, Ohio – The asking price for a one-bedroom apartment in the Cleveland metro area has increased by 11.1% from a year ago while the national average has dropped by 0.1% according to data collected by Dwellsy, a rental tracking website.
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Thank you