1397 Sunset Mayfeld Heights Ohio Income Results

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This property had not been leased for about three months and was in a great area and it was a great property. The date was October 2019 when we took over this property

Our Property Management was called into solve the problem for this client.

We listed the property and had at least in nine days for $1350 a month. The same tenant is still there today. We’ve had approximately $1000 and repairs over the last almost 5 years.

Let’s look at the approximate income for this property

Rent $1350 tax $324 Insurance $60 Property Management $108 net $858 we had it at that amount for the last 53 months

We raise the rent in April 20 2024 for $1550 a month. Let’s look at those approximate numbers.

Rent $1550 Tax $320 Insurance $60 Property Management $125 net $1045. We’ve had that for the last six months I’ll look at the totals on this one.

$45,474 for the first rent. In the last six months total is $6270 minus the $1000 repairs gives us an approximate total of $51,744.

That’s why it’s important to have the best property management available. Shor we’ve had some issues with these tenants, but our owners never knew about it and we took care of it and the numbers prove that we work well with, making the most out of each property we manage.

Need better real estate with exceptional results?

Call me, Brett 216-703-5740 or WhatsApp me I’m with Key Realty and Property Management