D & K Property Management Services

The city of Cleveland has recently passed legislation regulating short term rentals within the city borders.  Short term rentals being defined as 30 days or less. Sigh. We've all heard those nationwide 1 off horror stories of the parties going out of control at a local AirBNB.  I get it, totally!...and I'm not a fan of those situations.  But what I've seen with the City of Cleveland's attempt to regulate (long term) rentals in the city (the Feb 2024 resident's 1st legislation), I just question how much excessive regulation the city is looking for.  We'll have to see...this legislation will go into effect late Aug. Here's more info: https://www.wkyc.com/article/news/local/cleveland/cleveland-city-council-approves-legislation-cracking-down-short-term-rentals/95-d8be0a9d-c8ee-42f4-957d-db54cac01807 https://akronclevelandrealtors.com/news/cleveland-adopts-comprehensive-short-term-rental-regulations/ https://www.cleveland.com/news/2026/06/cleveland-approves-airbn...

I work with investors who mostly live out of state.  They own properties in all areas of the greater Cleveland area.  A trend I continue to see is investors who are unaware of the areas where they are purchasing properties.  This is NOT an attempt to tell you where you should or should not invest.  Rather, I'm advocating about educating yourselves as to the who, what, where, when, why, & how of buying that investment. While I understand it's not always practical, I highly recommend visiting in person to see the properties (plural) you're interested in.  You are not just buying the property, you're buying the neighborhood.  Are you aware of the condition of the properties around the target property look like.  Property pictures are great but does it really show the full picture of the condition of the property?  Is the 4plex you just spent 300k on located in the worst part of the city next to a property obviously falling apart with drug activit...