Yet another great sign of what is happening in the Cleveland Metro area. Great news on the Cleveland Heights are that the average home sales price has increased to $99,003 in 2013 from $90,425 this time in 2012. Rooftopinvestment searches out for these types of areas for our investors.
We invest heavily for our clients in the Cleveland Heights area. We saw this area 5 years ago as a great place to buy investment real estate in. If you want to read the whole story by Chris Mazzolini at http://clevelandheights.patch.com/groups/real-estate/p/home-prices-rising-in-cleveland-heights.
Rooftopinvestment finds these types of buys for our investors to purchase investment homes. Our team of realtors buy some of the cream of the crop properties. We also invest in 8 other very quality cities that we consider Grade A Area. We consider a Grade A area to get the higher rents in the Cleveland metro area. Our areas get $950 and up for the monthly rent. We believe these rents attract the better tenants and gets our clients a longer term tenant.
As an investor you really need to have the total package team around you and your investment. That means the life of your property. Whatever that is for you it is so important to remember that you have years of maintenance and care of your cash flow property. Having the right people watching and making sure your property is being cared for is as important as getting the right home in the right area for the right price.
There are so many realtors and investment companies that claim to get you the best deals. It might be a great deal but are they there for you in the future after they make their money in commissions and whatever other income they get from your hard earned money? When your looking at any investment property consider the future maintenance cost. Asking your investment advisor what type of history their company has for maintenance cost is very important for your total bottom line.
We manage 240+ quality cash flow properties with a 3% vacancy rate. We also have a great property management team that keeps your tenants happy and paying rent. We also have a state of the art marketing team that keeps are properties filled with quality tenants. I should also mention our clients maintenance cost with our property management team is extremely low.
Also consider the net profit you make every month before you invest. Make sure you have enough to cover any maintenance you have. Almost all our properties net after insurance,taxes, and property management over $600 net per month.