|Specialty||# of Agencies|
|Single House or Condo||3|
|Home Owners Association||3|
|Total Local Companies||10|
The average rent for a 3 bedroom house in Cleveland, OH is $1,073.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Cleveland, OH Rental Market Overview
Cleveland, Ohio, may have lost LeBron James as one of its residents in the last few years, but the city is still extremely popular among renters.
The U.S. Census Bureau's 2010 data shows that the city is home to nearly 397,000 people, and while that number is down 17.1 percent from 2000's total of more than 478,000, many in Cleveland still choose to sign rental lease agreements.
There are a number of reasons that many still call Cleveland home, including the city's hospitals, which are recognized as being some of the best in the world and employ thousands of people. In addition, Cleveland is also still home to a large number of manufacturing jobs, with companies including Parker Hannifin, Sherwin-Williams and Eaton headquartered there. In addition, NASA has a facility within city limits that employs a few thousand locals.
Of course, Cleveland also has a few universities that have attracted students to the city, the most famous of which is Case Western Reserve University, which is regarded as one of the top colleges in the nation.
Numerous sports fans looking to lease a rental property are attracted to the city, as Cleveland is also the home for the NFL's Browns, NBA's Cavaliers and Major League Baseball's Indians.
Property Management Companies Can Greatly Assist Cleveland Property Owners
Because Cleveland is extremely popular with renters, investors who own multiple-unit buildings might struggle to maintain these properties on their own. For this reason, it might be advisable to seek the help of a property management company, which specialize in making sure this type of investment runs as efficiently as possible.
Property management companies can help owners take care of the little things like collecting rent and interviewing prospective residents, or the big things, like conducting day-to-day maintenance. Those who invest in such a service can rest assured their property is being managed efficiently.
Cleveland Rental Market at a Glance
Renting is still very popular in Cleveland, because, as the 2010 U.S. Census shows, multi-unit housing structures make up 46.3 percent of all properties in the city.
The median rental property in the city costs $495 per month, with the average two-bedroom rental costing just $450.
Finding Cleveland Property Management Companies
Locating the right property management company for you is vital to ensuring your business is run smoothly and efficiently.
Sign up with All Property Management to choose from Cleveland's top property management companies. Just type your zip code into our search engine and you'll discover a variety of management firms in Cleveland to receive free quotes from.