The Cleveland Real Estate Investor

Many times, we have talked about the importance of owning a home. And imagine you are just about to buy the house of your dreams, and in a split second, you don't have it because the bid is overpriced. In this episode, Mike Reilly and Mike Ferrante with his assistant Will talk about list price market value and discuss making an offer for a FHA home and the problems associated with it. 1:40 Mi...

The way people work is changing dramatically. Today, it’s all about remote work. There are thousands of companies that work with a remote team, and there are lots of resources available on how to make it work. In this episode, Mike Reilly and Mike Ferrante discuss how to do things remotely in real estate, and give us ideas on how to do marketing and purchasing in the virtual world. 2:33 Mike Reill...

Knowing your clients' point of view about your service is vital to understand what they want and need. In this episode, we are going to share a few words from one of our clients who hired us to do property management for them and how we built trust with them over the years. 3:37 Gerardo shares what brings him most cash flow from his properties 5:23 Lindsey talks about how they began working w...

The right property manager can make your life so much easier, A professional property manager will be able to get you a good deal and negotiate on your behalf to get the best price for your house. They will also help you with all the legalities associated with selling your house and get everything in order, which will save you time and money but bad ones can be nightmares. So, how do you find a go...

Every market has a cycle and almost all markets have a boom-bust cycle. The marketplace of real estate is no different. With that in mind, here is what Mike Reilly's and Mike Ferrante's projection about the state of the real estate market in 2022.

Mike Reilly and Mike Ferrante discussed a simple framework for setting goals that will ensure success especially in real estate. 2:02 Mike Reilly and Mike Ferrante talk about settings goals. 9:13 Mike Reilly discusses the importance of defining your goal. 13:29 Mike Ferrante explains how a good property manager in place can create a passive income. 24:50 Mike Reilly explains how he got into invest...

We give a temperature check on the Cleveland real estate market, discuss the benefits of multifamily homes and more. 10:22 Mike Reilly talks about micro targeting 12:14 Mike Reilly and Mike Ferrante multifamily homes  15:50 Mike Reilly discusses Airbnb as short-term rental 22:28 Mike Reilly mentions about real estate is like owning a restaurant 30.54 Mike Reilly and Mike Ferrante talk about having...

On this episode, Mike Reilley, Travis Reilly and Michael Dietlin discuss the major decision of buying a home. How does a person make sure it's a good investment? What are all the things you should consider when buying?  4:45 Mike Reilly explains why buying a house is like buying a car on a bigger scale 10:30 Mike Reilly gives advice for first-time homebuyers 17:23 Mike Reilly advises not to g...

On this episode, Mike Reilly and Brook Reilly discussed the major decision of buying a home. How does the person make sure it's a good investment? What are all the things you should consider when buying we discussed this and much more on today's episode. 12:39 Michael and Brook discuss how valuable it is to own a home 15:35 Mike Reilly discusses the benefits of buying a dirty house 21:14...

We discuss the good, bad and ugly of buying properties from online auctions. It's anxiety inducing and has risks involved but you may just get a great price on a profitable investment property.   5:37 Mike Reilly shares what you need to know when you buy a house online  19:28 Mike Ferrante describes his first auction experience 20:07 Mike Reilly and Mike Ferrante discuss what people should kn...

Mike Reilly and Amarri talk about personal experiences with Airbnb, what they look for when renting short term and connecting those experiences to running the Reilly Properties Airbnb business. We also discuss our virtual assistants working with us overseas and our experience setting up a back office in the Philippines and more. 2:22 Mike Reilly and A'marri share their experience with Air Bnb...

Today we are joined by Tony Cuda who is running for council in Cleveland Heights, Ohio. He shares some of our passion for addressing the housing issues in the city and discusses it today with us on the podcast. 4:30 Mike Reilly and Tony Cuda discuss the housing problem in Cleveland Heights 16:00 Mike Reilly discusses vacant homes in Cleveland Heights 19:30 Tony Cuda and Mike Reilly discuss how to...

In this episode, we will discuss how to deal with difficult customers. Mike and Lindsey Reilly share their strategies on how they handle “Karens” or “Kevins” in the business. 2:29 Mike and Lindsey discuss their experience with a tenant ‘Karen’ in their short-term tenant in one of their managed properties 8:18 Lindsey discusses how she handles tenants who are 'Karen' or 'Kevin'...

We continue our discussion with LA investor and real estate agent Karim, of Century 21 on LA real estate VS Cleveland real estate, managing duplexes, short term rental cap rates, what to look for in a good property manager and more. 1:33 Mike Reilly discusses duplexes 3:15 Mike Reilly talks about what people think when they hear about Airbnb 5:45 Mike Reilly and Mike Ferrante with Kareem discuss C...

California real estate in its relation to Cleveland real estate is a topic that has been brought up many times on our podcast. We decided to get an actual realtor and investor from LA, Karim of Century 21 to give his perspective. We get an LA temperature check on prices, cap rates and get into the psyche of the California investor looking to buy in Cleveland, how Karim guides people interested in...

If you’re planning to invest in a property, one thing that you might be asked by your seller is earnest money. If you are a first-time tenant, you may take this by surprise, and maybe be presented with a cost that you did not expect. It’s a good faith deposit that you put down in buying a home. In this episode, Mike Reilly and Mike Ferrante strip down everything you need to know about earnest mone...

In part 2 of our “rookies” episode with 21 Mike Team real estate agents, Chris Buck and Ryan Hemeyer, we discuss house flipping, how to increase the value of a home before selling, DIY methods for doing so with “sweat equity”, the next destination neighborhoods in Cleveland and more. We also revisit “grannyized” houses and a couple topics we’ve touched on previously. 1:04 Mike Reilly speaks about...

Mike Reilly and Mike Ferrante host two guests on the podcast from the 21 Mike Team. New to the 21 Mike Team real estate agents, Chris Buck and Ryan Hemeyer talk about their background and how they got into real estate and give insights on their approach if they were to be dealing with some of the outside investors the Cleveland Real Estate Investor Podcast usually likes to talk about. We also talk...

Mike Reilly is joined by Mike Ferrante to discuss the mindset of investing in not just a house, but a neighborhood. There are a lot of internal and external factors to consider when making an investment. We also discuss areas that are up and comers in Cleveland that you’ll want to keep an eye out for and we give some more love to one of our favorite neighborhoods, Forest Hill. 2:24 Mike Reilly and...

We discuss the advantages of having a real estate agent instead of just playing real estate mogul yourself on Zillow or Realty.com. We talk about how much harder it is to find good deals on houses in a hot market, cash deals vs financing, watching for the intangibles of an offer and much more. 2:43 Mike Reilly talks about people looking online at properties on Zillow, the MLS, etc. 3:53 Mike Ferra...

We discuss a wide range of topics from how 90% of your headaches can come from only 2% of your customers, how we charge for consulting, what a buyers agreement is, many different reasons people get Airbnb  in Cleveland and more. 6:16 Mike Reilly talks about being mindful of what's the consulting and what's the sale 11:03 Mike Reilly explains how they filter customers 12:20 Mike Reilly di...

The training wheels are on for you new Cleveland investors. We discuss investors calling our office about managing their properties and what we require to be able to work with them. We also revisit the importance of micro-targeting your investment and getting a second opinion. We get a temperature check on the Cleveland real estate market from Mike Ferrante and much more.  9:51 Mike Reilly discuss...

How to determine if a short term stay tenant brought bed bugs or not Preventative measures when dealing with bed bugs Signs you can use to see if you have bed bugs in the property 0:00- Introducing Mayer 0:48- Cicada season 1:50- Bed bug problem 6:25- Advice for investors 10:20- Travis weighing in on the bed bug problem 11:00- Back to mayer, looking for bed bugs 12:25- Mattress protectors 15:06- C...

Mike Reilly and Mike Ferrante talk about when to pull your house off the market and how to use market feedback to make informed decisions on what work you need to do on your house. They discuss realtors and how choosing the wrong realtor can be dangerous, but you have to also be a seller that is receptive to proper counsel from your realtor. 1:44 Mike Ferrante discusses how to rescue flat-lining d...

We discuss "grannyized" homes, things to pay attention to during an inspection, getting a short term rental while you watch the market and more. 3:01 The definition of grannyized houses  6:22 What the competition is like in grannyized houses 13:28 A potential game plan for people moving to Cleveland and looking to purchase a house 17:41 The theory of how the rates affect the short-term r...