The Cleveland Real Estate Investor: Recent Episodes
Reilly Properties
This is the Cleveland Real Estate Investor with Mike Reilly, owner of Reilly Properties and Reilly Painting and Contracting. Mike has been in the home renovation business for 40+ years in the Cleveland area.Mike Ferrante, real estate agent from Century 21 also joins us amongst other guests.In this podcast, we seek to take our experience and provide insight and inspiration for outside investors looking to buy property in Cleveland.
Mike, Brook and A'marri discuss their new process for hiring as well as learning lessons from the past, how people spend all their time looking for jobs instead of working them, how hiring is a stress tester for your managers as well as a quick journey into the similarities between managing and being a father.
1:15 Mike introduces the concept of “time wasters” and how they show up in business—especially in hiring, partnerships, and communication.
5:30 Brook talks about how vague job interviews and non-committal communication are early red flags when hiring or delegating tasks.
10:45 A’marri shares a personal experience with a job candidate who failed to follow up, stressing the importance of action over talk.
14:20 Mike outlines the “Four Filters” they use in their hiring process to quickly weed out unreliable applicants.
20:05 The team emphasizes that time is more valuable than money—and learning to protect it is one of the most important business skills you can build.
Mike, Brook, and A’marri break down the hidden costs of Cleveland investment properties—how out-of-town buyers often underestimate rehab budgets, the importance of neighborhood quality, and why working with the right team prevents costly mistakes.
1:00 Mike shares a story about an out-of-town investor who underestimated repairs by nearly $100K.
2:30 The team explains how to calculate the true value of a property by factoring in rehab costs before buying.
5:00 Brook emphasizes the importance of choosing the right neighborhood and knowing realistic comps.
Mike, Lindsey, and Travis walk through their detailed checklist for turning a vacant property into a ready-to-rent short-term rental. From cleaning and maintenance to communication with tenants and managing crew timelines, they share what it takes to make a successful property turnaround.
1:00 Lindsey explains why a long-vacant property needs extra cleaning and inspection compared to a quick turnover.
2:15 Mike details the importance of checking water, toilets, cobwebs, and outside conditions as part of the turnover checklist.
3:30 Lindsey shares an example of handling tenant concerns about pests and how to communicate reassurance.
5:00 Mike stresses time management and communication among the crew to avoid delays and missed tasks.
9:00 Lindsey highlights the importance of checking bedding and cleaning quality, and how missing details can impact tenant move-ins.
Our new analyst Sophie, walking us through what the temperature of the current real estate market looks like and feels like. Also talks about the market settling down, interest rates, inventory being low... and more.
1:40 Sophie introduces herself as the new market analyst and shares her first impressions of the Cleveland real estate market.
4:20 Mike and Sophie discuss how low inventory and steady interest rates are shaping a more balanced, less chaotic market.
7:15 Brook explains why pricing a home correctly is key, and how overpricing can scare off serious buyers.
12:30 The team dives into psychological staging—why presentation matters and how to make a house “look like a deal.”
18:45 Mike compares real estate negotiations to poker, emphasizing the importance of staying in control at the closing table.
Mike and Brook revisit the topic of micro-targeting investment properties, a discussion first explored pre-COVID. They dive into the key indicators that determine whether a neighborhood is on the rise, in decline, or holding steady. From analyzing vacancy rates to spotting investment opportunities near high-demand areas, they break down the signals that real estate investors should pay attention to. Plus, they share insights on vetting tenants and assessing the long-term potential of a rental property. All this and more on the Cleveland Real Estate Investor Podcast
01:15 Mike warns investors to be cautious when dealing with realtors, as their primary goal is selling homes rather than advising on investment potential.
04:30 Brooke explains how local businesses like coffee shops and restaurants can indicate an up-and-coming neighborhood, contrasting them with areas dominated by dollar stores and check-cashing locations.
08:30 Mike explains how vacant and dilapidated houses on a street can signal a poor investment, emphasizing the importance of checking Google Maps for neighborhood conditions.
13:10 Mike and Brooke discuss the importance of visiting a neighborhood at different times, especially at night, to get a real feel for noise levels, safety, and overall livability before investing.
19:45 Mike identifies Van Aken in Shaker Heights as a successful example of retail-driven neighborhood growth and suggests Warrensville Heights as a potential emerging market.
Mike, Brook and A'marri talk about the mentality infecting a lot of Cleveland Heights residents that accepts the status quo and how the presence of Laura Hong who is running for mayor will hopefully shake things up.
1:30 Mike introduces the episode and explains why Cleveland Heights’ upcoming mayoral election is critical for local investors and property owners.
3:45 A’marri talks about the apathy residents have toward deteriorating areas in Cleveland Heights and the need for visible change.
6:00 Brook criticizes the city’s poor decisions like costly roundabouts, calling for practical leadership and budget priorities.
10:00 Mike shares Laura Hong’s professional background and why she represents a break from the city's stagnant leadership.
15:30 The team brainstorms a unique, issue-focused campaign strategy for Laura—featuring attention-grabbing yard signs that highlight local frustrations and demand real solutions.
Mike, Brook and A'marri talk with Laura Hong, partner at Tucker Ellis law firm and attorney with nearly 40 years of uninterrupted trial experience defending class action, mass and toxic tort, product, and commercial litigation about her plans if she were to be elected for Mayor of Cleveland Heights. As this is the Cleveland Real Estate Investor podcast and we are Cleveland Heights residents, our main priority is the current state of housing. City Hall has not been the least bit proactive in dealing with nearly 400 vacant houses and we need not only a change in code enforcement, but also a change in mindset of all Cleveland Heights residents. All this and more on the Cleveland Real Estate Investor Podcast.
1:45 Laura introduces herself as a Cleveland Heights resident of over 40 years and a seasoned attorney, explaining why she’s running for mayor—to fix the housing crisis and restore leadership.
5:00 Mike and Laura dive into the issue of vacant homes, criticizing the city's lack of a master plan and strategic code enforcement, and highlighting the economic impact of 400+ empty properties.
11:00 Laura supports eliminating point-of-sale inspections and stresses the need for smarter, more modern housing policies that help buyers and developers move efficiently.
20:30 Laura outlines her first 30 days as mayor: building trust with staff, setting a clear strategic direction, and focusing on reducing vacancy through fast, actionable plans.
34:45 The team explains how targeting a few neglected homes per block can raise property values, attract businesses, and help restore community pride in struggling areas.
Brook, Mike, and A’marri discuss the productivity benefits of mid-day naps, workouts, and unplugging—plus how recharging can lead to better problem-solving in business and real estate.
1:00 Mike shares how business changes and legacy software led them to reimagine company systems—and why their new programmer is now required to nap.
3:30 Brook explains how his afternoon runs help reset his energy and problem-solve, often leading to clearer, more focused decisions.
6:20 The team talks about “stepping off the treadmill” and creating space in the day to think more strategically and make better choices.
11:00 A’marri describes how aligning your workday with your natural energy dips can help avoid burnout and boost productivity.
28:00 Mike explains how he uses short naps and routine breaks to reach creative solutions—including one that landed them a major contract.
Brook and Mike discuss the power of scripting and planning for quick Airbnb turnarounds and for selling properties.
2:00 Mike introduces the idea of scripting your day and how vital it is for managing real estate and small business operations effectively.
3:00 Brook breaks down how she handles violation lists—deciding what can be done in-house, what needs to be outsourced, and the importance of being proactive before a house closes.
6:15 Mike reflects on the harsh realities of running a small business—juggling subs, maintenance issues, and why passion alone isn’t enough for success.
10:30 Brook explains how organizing work around the weather and staying in close communication with subs can save time, money, and stress.
21:15 Mike shares the three business fundamentals every small business owner should master: sales, creative marketing, and financial literacy.
Mike and Brook discuss what it really takes to sell a house.
What buyers look for. Some things Reilly Painting and Contracting has done recently to help get their houses sold. How to tell if a buyer is serious.
2:00 Mike introduces the topic of the episode: understanding the real estate market and how it mirrors the stock market in its unpredictability.
4:10 Brook explains how pricing a house correctly is key, emphasizing that condition and location should dictate the price, not just market trends.
6:50 Mike and Brook break down the improvements made to a rental property before selling, including refinishing floors, updating the bathroom, and enhancing curb appeal.
20:30 The team discusses how to spot serious buyers, why fast closings matter, and the importance of reviewing financing terms before accepting an offer.
36:48 Mike and Brook explain the importance of pricing strategy—how to tell if a house is priced too high, when to adjust the price, and how buyers react to price drops.
In this episode of Cleveland Real Estate Investor, Mike, Brook, and A'marri discuss Match Day, when medical school graduates are placed in residency programs and begin searching for rental housing. This presents a great opportunity for landlords to secure responsible, long-term tenants—young doctors who are focused on their work and need stable housing.
They also explore the changing nature of the rental market, as Airbnb has become oversaturated, with nearly every Tom, Dick, and Harry trying to become a host. With short-term rentals losing profitability, the team discusses shifting to a rental model that falls between Airbnb and traditional long-term leasing. Tune in for insights on how to adapt to these shifts and maximize rental income.
1:30 Brook explains how they analyze their real estate portfolio, deciding which properties are profitable and which ones should be sold.
3:00 Mike shares the backstory of how they got into real estate, starting with their first rental property and transitioning from house flipping to short-term rentals.
5:00 The team discusses the shift away from short-term rentals due to market saturation and why midterm rentals for medical residents on Match Day present a great opportunity.
10:30 Mike emphasizes the importance of tenant screening, explaining why credit scores matter and how bad tenants can lead to financial and property damage.
19:00 A'marri and Brook highlight key rental strategies, including lease structuring and pricing for different rental durations to maximize returns.
Join us as Mike and Brook Reilly dive into why so many artists struggle financially. We'll explore how passion alone isn’t enough, the advantage of financial support and why understanding money is key to making a creative career sustainable. Plus, we'll break down why treating art like a business is the key to long-term success. All this and more on the Cleveland Real Estate Investor Podcast!
01:10 Mike introduces the topic of why artists struggle financially, questioning the "starving artist" cliché and why passion alone isn’t enough to succeed.
03:15 Mike references an article about how many New York residents rely on financial support from their parents or trust funds, highlighting the hidden advantages that allow some people to pursue artistic careers without financial worries.
07:45 Mike emphasizes that being an artist requires the same dedication as running any business, comparing it to the relentless work ethic of professional athletes
11:05 Mike emphasizes the importance of teaching kids the value of hard work over passion, arguing that discipline and responsibility should come before chasing interests or hobbies.
22:30 Brook and Mike conclude that artists starve because they aren't taught how to manage money or sustain themselves financially, emphasizing the need for business knowledge.
On today's episode, Mike and Brook Reilly check the temperature on
the Cleveland real estate market in the early part of 2025.
We are still in a sellers market but it's about 60/40.
Inventory is still low but you also can't go too crazy with pricing really high.
If you're an out of state investor the name of the game is ROI.
Don't buy with your emotions and KNOW. YOUR. NUMBERS.
00:53 Brook shares insights on the Cleveland real estate market, noting that while it’s not as hot as previous years, well-priced homes are still selling quickly, making it a 60/40 seller’s market.
3:15 Mike warns about "cart before the horse" investors who buy properties without understanding the costs, later realizing they need a property manager and major repairs, often leading to financial strain.
8:48 Mike emphasizes realistic return expectations, explaining that many investors believe they’ll make 15% profits, but a more reasonable range is 8-12% due to maintenance costs and capital improvements.
There is an art to managing. Most people dont know how to do it. But you'll never learn how to do it if you think you know everything already. You have to acknowledge what you dont know and put the work in to learn it. The art of managing and more on the Cleveland Real Estate podcast.
Today we discuss the importance of investing in stable neighborhoods, avoiding areas where crime is high and dollar stores are rampant, and why you should hire Reilly Properties, your go-to Cleveland property management company. All this and more when you listen to the latest episode of the Cleveland Real Estate Investor podcast.
Is it time to sell your rental property? Taking the plunge into the rental market requires a checklist of things you need to know. Mike and Brook discuss this in detail in the latest Cleveland Real Estate Investor podcast.
1:38 Mike discusses one of the key indicators of inflation cooling was the price of housing, the price of rents went down, not up.
4:49 Brook pointed out to be aware of following conventional wisdom versus being a contrarian when trying to sell a house that is underperforming.
7:51 Brook and Mike discuss the risks of renting or investing in property if you cannot manage your own finances.
16:02 Brook and Mike discuss some tips for getting into a business, especially real estate
Mike and Brook Reilly discuss fall maintenance tips for rental properties in Cleveland. Key strategies include dethatching, aerating the lawn, and using a leaf blower to collect dead grass for compost. They recommend using a Greenworks de-thatcher and plugger, and a slow-release fertilizer with seed starter and the best time to plant grass seeds is before late October to avoid weeds. Find out more in this latest Cleveland Real Estate Investor podcast episode.
5:14 Mike talks about ending up buying Greenworks de-thatcher and plugger for their properties.
7:21 Mike recommends using a fertilizer with seed starters when fertilizing in the fall.
11:03 Mike talks about seeding by the 20th of October, and that's the cut-off date for landscapers.
Processes are essential for enhancing efficiency, productivity, and growth in business. While resistance to change may be common, understanding the benefits of streamlined processes can ultimately lead to success in both your business and personal life. Join Brook and Amarri as they discuss the importance of processes and how it can positively impact your personal life and goals.
2:40 Brook talks to A'marri about the importance of clipboards, notepads, and spreadsheets because he doesn't think he could do his job as well without them.
14:44 Brook speaks about finding a system that will simplify and expedite the job.
19:07 Brook and A’marri agree that having documented processes in both personal and professional life leads to better management and efficiency.
There are a few key considerations when selling homes and dealing with the renter market. Listen to Mike A'marri and Brook as they share their experience of how to sell a home, what it's like to live as a long-term renter, how to find a good rental property, and more. Mike also gives a quick update on the current state of the real estate market.
2:00 Mike, A'marri, and Brook will discuss selling off some of their rental properties, and offer some tips for people looking to sell their properties.
8:47 Mike talks with A'marri about long-term rentals and how it is out there from a long-term rental perspective
16:12 Mike discusses whether you should buy investment property now that the market is cooling.
If you are looking a summer job, there are several key factors to keep in mind to ensure that you find the right opportunity for you. In this episode, Mike discusses 5 things that you should keep in mind when looking for a summer job with Brook, A'marri, and Christina.
5:05 Mike discusses the importance of being proactive about learning.
11:14 Mike talks about learning from your elders.
20:40 Mike talks about learning from failures.
23:20 Mike talks about what summer jobs you got, and how you connected that to a mentor
31:31 Mike discusses the importance of being financially self-sufficient when you're an adult
Real estate in Cleveland may not always yield the expected returns, it is important to do thorough research and do your due diligence before making any purchases. Be sure to consult with industry professionals and trusted advisors to understand the local market, economy, and potential risks. In this episode, we are joined by Kush, who is working in commercial loans, who will share his experience and advice to those who are mesmerized by Cleveland investing.
1:31 Mike discusses with Kush on how Reilly Properties came to his Beechwood rental property
9:02 Mike discusses three stools three-legged stool. in investing in real estate
14:47 Mike discusses with Kush on what advice he would give to people outside Cleveland mesmerized by Cleveland investing
22: 37 Mike discusses with Kush on who’s buying commercial space now since Kush is working on commercial loans
Whether you're a first-time homebuyer or an experienced investor, this podcast is for you. Today we discuss what to keep in mind when buying a house. cons of using a realtor. We do a quick heat check of the spring real estate market and the steps needed to be taken when buying a home. all on the Cleveland real estate Investor podcast.
12:12 Mike discusses what you should keep in mind when buying a house, such as not using a realtor and instead using Reilly to consult on your purchase.
14:21 Mike and A'marri discuss a quick heat check of the spring real estate market
17:05 Mike discusses with A'marri the steps needed to be taken when buying a home
We talk temperament maintained through process of selling, how to be proactive with fixing up the house and dealing with the city, hurdles/challenges, working with a realtor and more.
1.43 Brook and A'marri discuss Brook's temperament in situations like selling his house, smart business decisions and when you need to speak with a realtor
6.31 Brook discusses his observations regarding working with a realtor.
17:41 A'marri talks with Brook about the process of putting the house on the market, what it involved, and how he prepared for it.
19:29 Brook points out, doing small things now will prevent a huge list when you decide to sell your house.
Investing in Cleveland real estate requires expert advice from local professionals and thorough research, and Cleveland Real Estate Investor Podcast has both. In our latest podcast we provide tips for outside investors looking to invest in Cleveland and information on short-term rentals as well as current real estate market conditions.
3:08 A'marri and Mike start talking about the real estate market right now.
8:35 Mike shares some tips for outside investors looking to buy property in Cleveland
12:40 Mike discusses using us as a consultant when buying investment properties
16:49 Mike discusses Airbnb and short-term rentals.
19:01 Amarri shares his thoughts that if he was looking to buy an investment property, he wouldn't want an investment that came with headaches.
22:20 Mike wonders why some people are making money by buying houses in volume at 20,000 apiece and then dealing with headaches.
24:12 Mike stresses the importance of screening both the landlord and the tenant at the same time
25:26 Mike describes real estate as a very complex industry.
Don't just talk about your goal, do steps to make it happen. In this episode of the podcast, Mike and Alex talk about how people often talk endlessly about what they're going to do, but nothing ever gets done. Stop talking and start doing, make progress on something every single day. Also covered a few topics related to the Cleveland Heights housing problems.
2:35 Mike talks about people always talking about what they are going to do but never taking action.
5:01 Alex explains that there are doers and talkers, and why they are the way they are.
6:22 Mike talks about having a plan, and having a plan also means measuring your progress.
12:01 Mike talks about not having a mentor or coach, only people who influence him
14:15 Alex discusses why people are more talkers than doers
20:07 Alex and Mike discuss Mike's attendance at a city council meeting and for doing civic duty
24:29 Mike discusses vacant houses as one of Cleveland Heights' biggest problems
Lots of extra goodies on the Sept heat check. When you listen, just remember to see/think horizontally vs vertically. The variant theme speaks to the ability of investors and realtors to not rely on what they learned in school but instead think outside the box, or as we say "don't let your studies get in the way of your education".
3:56 Mike and Mike discuss broadening the market for Mike’s Kingston property
8:11 Mike and Mike discuss what's happening in real estate this September
12:54 Mike and Mike talk about the need for flexibility and fluidity in real estate
22:18 Mike and Mike shared more numbers and bonus statistics for this month
A large number of vacant houses in Cleveland Heights are a serious problem that needs to be addressed. We can't ignore these hundreds of vacant homes, so we are creating Project Rath, a project aimed at tackling this issue and taking it a step further. Find out more about this project in our first podcast episode where we discuss it and explain it in more detail.
2:43 Mike explains what Project RATH is all about
7:08 Mike discusses vacant houses and not paying taxes
23:14 Mike discusses housing as a major issue in Cleveland Heights
23:50 Mike discusses Project Wrath in more detail.
28:36 Mike discusses there are many reasons why houses are vacant, half of them are vacant due to amateur LLCs
Find out what's happening in real estate right now in August! In this episode, we're going to go over how long it takes to actually sell a property, how many listings there are right now, how many homes are actually selling and how inventory is doing. This and much more on The Cleveland Real Estate Investor podcast with Mike Reilly and Mike Ferrante.
2:03 Mike and Mike begin talking about statistics
9:06 Mike Ferrante discusses about inventory crisis
12:52 Mike and Mike discuss how many days it will take to sell a house
17:23 Mike and Mike talks about price adjustments
22:10 Mike and Mike check what's expected in September and what the biggest mistake a seller can make when selling a house
Looking for the latest news on the market this July? What is the market like this summer? Are we having a balanced market or is there a shortage of inventory? What about duplexes, single family homes, and condos, and what is a point of sale? Stay informed and updated by listening to The Cleveland Real Estate Investor podcast.
2:52 Mike and Mike discuss inventory shortages and listings
10:15 Mike and Mike talk about duplexes
14:11 Mike Ferrante mentions the market time and price
18:01 Mike Reilly explains what POSs are
We need the workers, not the work. Listen to the latest episode of our podcast in which we discuss the importance of workers to your business. Where to find them, and what mistake business owners make when it comes to hiring people. This and a whole lot more on this episode of The Cleveland Real Estate Investor podcast.
1:51 Mike Reilly points out we don't need the work; we need the workers.
8:49 Mike Reilly discusses Amazon's success because it recognizes people online want everything at one place.
12:51 Mike Reilly talks about where do you find workers
18:57 Mike Ferrante speaks about the word value
22:32 Mike and Mike discuss hiring the wrong person as one of the most expensive mistakes business owners make
23:01 Mike Reilly mentions that he's had success hiring part-timers; hired semi-retired people for the past couple of years.
29:34 Mike mentions immigrants don't take jobs, they create them.
Whether you're in the market to buy or sell a home, you're probably wondering if this is a good time to sell and what the market will hold for you. In our June 2023 real estate market heat check, we will provide you with a sense of the market status right now. This and much more on The Cleveland Real Estate Investor podcast.
2:52 Mike and Mike start discussing heat check for June.
6:21 Mike Ferrante discusses market time as a great barometer to check what's happening in the market
11:59 Mike and Mike talk about financing
16:34 Mike and Mike discuss the average cost of a new construction house
18:08 Mike and Mike talk about ranch style houses
19:43 Mike Reilly talks about building a larger basement with walkout
25:23 Mike and Mike talk about retail and commercial space
We are in a new month, which means it's time to check out what's going on in the real estate market. In this episode of The Cleveland Real Estate Investor podcast, we discuss interest rates, marketing your home, and a lot more. Be sure to join us during this episode to hear what we have to say.
1:31 Mike and Mike discussed the drop in sales, and what caused it, interest rates or lack of inventory
4:40 Mike and Mike discuss how rents are doing in the market
11:41 Mike and Mike discuss pricing your house in a new market, and when is the best time to sell
16:29 Mike and Mike discuss how to stage your home online
27:19 Mike and Mike discuss hiring a realtor to sell your home
2:45 Mike and Mike talk about the common myth fallacy says that if you earn good grades in high school, you should go to college because if you don't, you are a loser.
11:39 Mike talks about importance of sales.
13:24 Mike emphasizes about the most successful people had to deal with failure and didn't get into college, so you're a fool at the poker table if you think getting into college is the only way to success.
15:05 Mike gives some tips in getting into college
17:52 Mike talks about when he went back to college after a gap year and was proactive this time
25:08 Mike emphasizes the importance of not limiting yourself to a single career, since an initial career could turn into four different careers.
It's time for the April real estate market. What are you looking forward to this April? Here is a quick update on the real estate market. In this episode, we'll give you a quick overview of this month's real estate market, and we'll also talk about good property managers, realistic good cash flow, and more.
2:53 Mike and Mike start discussing the real estate market for April by number of sales and listings
6:17 Mike and Mike talk about people who don't want to put their houses on the market because they are locked into great rates
8:08 Mike asks Mike if the prices are on the rise, stabilizing, going down, etc.
9:21 Mike discusses client service issues with property managers
12:45 Mike and Mike discuss what a realistic good cash flow is
17:53 Mike and Mike discuss the April stats again
19:14 Mike asks Mike about those people who can buy cash and do not have a mortgage if they are selling
20:29 Mike discusses two things COVID brought up
26:07 Mike discusses the importance of assembling your team, which includes a good realtor, a good contractor, and a good property manager
If you're thinking of selling a house, you're probably wondering how the process works. What are the steps in the sales process? Mike Reilly and Mike Ferrante, two experienced real estate investors and agents, will walk you through the process of selling, from start to finish. Stay tuned.
2:08 Mike and Mike discuss steps in the sales process, he begins to break them down.
6:22 Mike points out to remember you are also in marketing mode when you are in sales mode
16:24 Mike mentions those who have a false sense of security, thinking that their resume will be all that is needed.
21:02 Mike recalls about his argument he got into a realtor doing realtor malpractice
23:15 Mike mentions the art of selling is the art of building a positive relationship with the counterparty.
28:01 Mike and Mike talk about closing is associated with meeting objections
29:01 Mike and Mike talk about that selling is not manipulative
When is the Cleveland spring market going to be white hot? Hosts Mike Reilly and Mike Ferrante of The Cleveland Real Estate Investor Podcast are back with another monthly heat check. Find out what your house is worth and how to price it. What about just pulling the house off and resetting the price? We discuss this and more on this monthly heat check of The Cleveland Real Estate Investor podcast.
1:25 Mike and Mike start talking about March's heat check
9:10 Mike talks about pricing correctly when selling a house
10:37 Mike Ferrante discusses how price and market time are directly related
12:27 Mike Reilly talks about pulling the house off to reset the price
15:13 Mike and Mike discuss properties coming soon and how to advertise them
21:58 Mike and Mike discuss when will Cleveland's spring market be hot?
Mike and Mike are talking about real estate in Cleveland. They tell stories from the seamier side of investing as well as horror stories of having a bad property management company. You won't want to miss this great episode that will benefit all investors.
2:08 Mike and Mike start telling horror stories about property managers
18:18 Mike Reilly's advice for first-time investors in Cleveland
18:50 Mike Ferrante discusses the importance of assembling the right team, as well as checks and balances
21:12 Mike Reilly suggests keep your real estate team separate for cross-checking.
If you're thinking about building your own house, here are some things to keep in mind. On this episode of the Cleveland Real Estate Investor Podcast, Mike Reilly and Mike Ferrante discuss the process, from square foot costs to how much to pay an architect. All of this and more.
4:00 Mike and Mike discuss building a house, from the ballpark amount to pay an architect to design the house to general contractor and more.
14:34 Mike and Mike discuss how much a square foot house would cost.
21:47 Mike Ferrante gives his first take on what the February real estate market looks like
23:15 Mike Reilly gives an insight into what real estate really is
Find out what is hot and what’s not, based on the insights of Mike Reilly and Mike Ferrante, two of the most experienced investors, agents, and homebuyers in Cleveland. The latest episode of the Cleveland real estate investor podcast discusses the latest trends in real estate investing, current pricing and development, and general market updates on buying and selling. Stay tuned.
2:02 Mike Ferrante talks about February heat check
8:07 Mike and Mike discuss the market price, is it crashing or dropping?
13:40 Mike Ferrante mentions that millennials make up a large portion of real estate buyers today
17:46 Mike Reilly discusses with Mike Ferrante about downsizing a house and when is the perfect time to do it.
24:09 Mike Ferrante predicts what the spring market will look like
Mike Reilly and Mike Ferrante take a closer look at the year that was in Cleveland real estate. A number of topics are covered, such as the average number of years people live in their homes nowadays, work from home dynamics, converting retail and office space into apartments, Airbnb short-term rentals, what to do when a pipe freezes, and they also take a quick look ahead to what’s in store for real estate in 2023.
8:03 Mike Reilly and Mike Ferrante discuss how long people lived in their homes on average
12:01 Mike and Mike discuss apartment and condo developments
17:26 Mike Reilly talks about not putting all your eggs in one basket
20:45 Mike Reilly discusses Airbnb driving more people to host
24:27 Mike Reilly talks with Mike Ferrante about most important thing to do when you have frozen pipe
29:49 Mike and Mike discuss their final thoughts for 2022
Mike and Mike are back with an all-new episode, talking about the real estate market in January. Are prices going up? What about inventory? How can a consulting expert help you with your investment? Tune in to find out!
2:58 Mike Reilly and Mike Ferrante discuss consulting as paying for expertise and knowledge
9:04 Mike and Mike talk about the January real estate market heat check
21:13 Mike Ferrante talks about inventory
22:42 Mike Reilly speaks about ways to vet a realtor
27:05 Mike Ferrante discusses about general comment about real estate market
29:27 Mike Ferrante discusses the estimate price per square foot in the Cleveland market.
The holiday break is upon us and that means it's time to catch up on all the books and movies we've been meaning to read and watch. Listen to this episode to hear what we recommend for your holiday break, and learn about some of our favorite books and movies. So, sit back, relax, and enjoy this episode of The Cleveland Real Estate Investor Podcast!
4:01 Mike Reilly and Mike Ferrante discuss making phone calls over networking to get clients
5:22 Mike Reilly discusses cold calls as negative advertising
8:07 Mike Ferrante and Mike Reilly talk about their favorite books and movies
28:25 Mike Reilly and Mike Ferrante discuss people who are in the wrong business
In this episode, Mike and Mike start off with the December real estate market in Cleveland. White hot, red hot, or just warm? Then we discuss the pros and cons of the Realtors in the Northeast Ohio area.
5:57 Mike Reilly and Mike Ferrante discuss the real estate market in December
9:08 Mike Ferrante discusses with Mike Reilly the reasons why houses sit on the market for so long
10:56 Mike Reilly talks about minor checklists for selling a house
13:55 Mike Reilly and Mike Ferrante talk about sweat equity
17:40 Mike Reilly and Mike Ferrante discuss about realtors
Airbnb wants you to be a 'host'. As the ancient Greeks said, 'Be aware of strangers bearing gifts'. In this episode, Mike and Mike discuss the pros and cons of short-term rentals and should you be putting all your eggs in the Airbnb basket. They also discuss hiring a consultant to guide you through the maze of short-term rentals. Yeah, kind of infomercial, but worth listening to.
4:05 Mike and Mike Ferrante discuss running your own Airbnb, as well as general tips and tricks.
7:22 Mike Reilly talks about Airbnb for short term rentals.
13:32 Mike Reilly discusses Airbnb, in light of the fact that it is competing with hotels.
14:51 Mike Reilly warns about scammers online, especially on Airbnb.
22:02 Mike Reilly discusses what he does to eliminate the potential of having any scammers.
25:01 Mike Reilly and Mike Ferrante discuss a good indicator of the quality of the neighborhood you're buying to set up your short-term rental.
29:20 Last note from Mike Reilly about short term rental damages versus long term rentals.
In this episode, Mike Reilly and Mike Ferrante talk about the latest Cleveland Housing market reactions to the Fed's interest rates. Then they give their top ten, get ready for Cleveland winter, tips for your rental home.
In this episode. Mike and Mike talk about the Cleveland Real Estate market's reaction to the Fed's round of interest rates. Surprisingly, there seems to be no overreaction, instead a gradual rebalancing to normalcy. Then they talk about ARM's and why you should consider them in your financing plans.
It's getting colder in Cleveland, both literally with the Real Estate Market and the weather. Mike Reilly and Mike Ferrante do a deep dive into the stats, talk about buying opportunities coming up, and what qualifies as the smart buyers vs the dumb ones.
0:52 Mike Ferrante and Mike Reilly begin discussing analytics.
6:41 Mike Reilly talks about smart money versus dumb money in real estate.
8:36 Mike Ferrante and Mike Reilly discuss the common denominators among houses that have sat for 100 days.
11:32 Mike Reilly and Mike Ferrante discuss the importance of assembling a great team before buying a house.
17:18 Mike Reilly talks about real estate market heat checks for October are cooling down, just like the weather.
Do you get a call from a potential investor but when you call them back, they won't answer? Well, in this podcast episode, we're going to take you through some common reasons and what you should do from there. We also have some pre real estate market heat check for October. Don't miss out on what's happening in the real estate market right now.
1:41 Ferrante and Reilly begin the conversation by discussing little details regarding the October real estate market.
3:21 Mike Reilly discusses those investors who call, but don't return his calls.
12:44 Mike Reilly discusses Cleveland's incompetent property managers.
19:27 Mike Reilly talks about how the property manager is the most important element in the equation.
26:36 Mike Reilly talks about Reilly Properties service.
Every month, our podcast brings you the latest about the real estate market. Listen to Cleveland Real Estate Investor Podcast for the September 2022 real estate market update. Join us as we discuss what's happening in the world of home buying and selling. Don't miss out on this exciting information from real estate experts Mike Reilly and Mike Ferrante.
1:21 Mike Reilly and Mike Ferrante begin discussing September's heat check.
1:21 Mike Reilly talks about newbie investors
8.22 Mike Reilly discusses about first time home buyers
11:11 Mike Reilly mentions about the desirable neighborhoods in Cleveland Heights
23:58 Mike Reilly and Mike Ferrante wrap up the episode with final analysis of September's real estate market
It's time for your monthly temperature check on the real estate market. On this episode, we discuss the real estate market in August 2022. Listen to the real estate experts Mike Reilly and Mike Ferrante on what the housing market is like and what you can expect. Stay tuned and stay up-to-date on the latest market conditions.
In this episode, we talk about the housing problem in Cleveland Heights, Ohio. We dive into what led to this problem and what steps we can take to solve it. Our goal is to make this an inclusive conversation that benefits everyone living here. Mike Reilly and Mike Ferrante discuss the top 10 things that the new mayor and some of the new council members should do as an action plan to turn around Cleveland Heights' housing situation.
Real Estate is constantly growing, but it always has its good days and bad days. This podcast will provide an overview of the state of the real estate market from an expert. With years of experience in the field, Mike Reilly and Mike Ferrante will give you an overview of what’s happening in Real Estate this month of July. Is there a crash coming? We will answer this question and more.
How do you know if your real estate investment is a home run or a total disaster? If you’re new to real estate investing, the major statistic we use to forecast our property's ROI is capitalization rate. It allows us to determine if we are actually making our ROI or are we losing money. In this episode, Mike Reilly and Mike Ferrante share horror stories of real estate experiences that can turn your dreams of financial security into nightmares of bad debt, poor returns, and lost opportunities.
This is the Cleveland real estate investor podcast. So you can stay on top of the trends and make the best investment decisions, Mike Reilly and Mike Ferrante provide insight on the current status of the Cleveland real estate market.
1:48 Mike Reilly and Mike Ferrante start the discussion about analytics; how do you find a house to buy?
8:59 Mike Reilly talks about bubble on duplexes.
13:51 Mike Reilly mentions importance of doing some due diligence for those of you who are hot to buy a duplex.
14:39 Mike Reilly talks about Cleveland areas that are getting overpriced now.
15:54 Mike Reilly and Mike Ferrante talk about investment properties status based from a cash flow standpoint.
17:00 Mike Reilly and Mike Ferrante discuss about cap rates in real estate.
Cleveland home buyers: Is April a good month to buy a house? Get an update on what's happening in the real estate market by listening to Mike Reilly and Mike Ferrante. Are we seeing an inventory shortage? Could Cleveland real estate be experiencing a bubble? This and much more on investment in Cleveland.
1:25 Mike Reilly and Mike Ferrante discuss the real estate market check for April
3:17 Mike Reilly and Mike Ferrante talk about interest
rates
12:57 Mike Reilly and Mike Ferrante discuss about how
do people make money in Cleveland
15:56 Mike Ferrante talks about multi-family home on
the market today
27:01 Mike Reilly and Mike Ferrante discuss about
bubble in Cleveland real estate
The real estate market is constantly changing. Now that the weather is starting to warm up, it's important to stay ahead of new trends and know what to expect. Here is a market temp check for spring with Mike Reilly and Mike Ferrante. We also discuss investors and vacant houses in Cleveland, and who is ripping off Grandma in the real estate market.
3:49 Mike Ferrante discusses what caused the inventory shortage in Northeast Ohio
5:03 Mike Reilly and Mike Ferrante discuss the percentage of home buyers who are investors versus home owners
6:06 Mike Reilly speaks about investors ripping off seniors and grandmothers
13:13 Mike Ferrante discusses the investor from his perspective
14:28 Mike Reilly talks about the bad housing situation in Cleveland Heights
19:00 Mike Ferrante speaks to the difference between Cleveland Heights and a city like Lakewood
**Is the real estate market hot or cold during the winter? In this episode, Mike Reilly and Mike Ferrante give us an update about the status of the real estate market in Cleveland. We also discuss what repairs and maintenance you need to be aware of when you own a rental property, especially during the winter months.
2:37 Mike Ferrante talks about the different challenges when you’re investing real estate in Cleveland
3:16 Mike Reilly discusses the repairs and the maintenance that you have to be aware of when you own rental property
5:20 Mike Reilly and Mike Ferrante discuss heat check in February
8:28 Mike Reilly mentions about vacant houses and foreclosures
15:24 Mike Ferrante explains the reason why there are more homebuyers in the market
23:27 Mike Reilly and Mike Ferrante talks about spring market**
Housing is a huge issue in Cleveland Heights. Its important for us to note how many vacant houses there really are in the city so we can acknowledge the problem. A high percentage of foreclosures occur in some areas, and the city hasn't done anything about it. On this episode, Mike Reilly sits down with Cleveland Heights Councilman Tony CUDA to discuss Cleveland's housing problems and what are Cleveland's plans going forward.
2:24 Tony Cuda talks about housing as a priority.
5:54 Mike Reilly explains why Cleveland Heights has been so bad about vacant housing.
7:55 Tony Cuda explains his thoughts about housing and investors getting into the market.
20:25 Tony Cuda discusses the more accountable system for housing.
30:04 Mike Reilly talks about housing as the number one issue in Cleveland Heights.
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 Mike Reilly and Mike Ferrante discuss getting outbid.
5:10 Mike Reilly and Mike Ferrante explain about list price market value, and the way that investors wholesalers define it.
8:47 Mike Reilly and Mike Ferrante provide an overview about real estate agent’s price and value.
11:58 Mike Reilly and Mike Ferrante discuss the chances of the deal falling through.
16:38 William Hall talks about a lender that purchased a property.
36:15 Mike Reilly describes how a vacant property is lowering his property values.
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 Reilly mentions a remote transaction he had with one of his clients.
4:07 Mike Ferrante talks about the time when they began working remotely.
5:00 Mike Ferrante discusses ways to do real estate transactions remotely.
6:26 Mike Reilly and Mike Ferrante discuss how to check crime statistics in an area through different search engines.
18:49 Mike Reilly talks about what to look for during an inspection of a house.
35:05 Mike Reilly and Mike Ferrante talks about heat check in real estate.
**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 with Gerardo
12:13 Mike stresses the importance of mutual trust between him and his clients
17:11 Mike states that he is extremely selective in who he takes on as a client
18:25 Gerardo talks about property management with Mike
21:02 Mike talks about the some of the hidden pitfalls of investing in real estate on Cleveland
22:40 Mike talks about the profit gained from purchasing a home in Shaker Cleveland Heights**
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 good one?
Today we speak to a client to hear about their experience with a previous property manager and how they found a good one.
3:10 Randy and Michelle Smith talk about their experience about having a bad property management
7:29 Michelle and Randy describe their experience working with Lindsey
14:56 Lindsey Reilly describes the level of trust that Michelle and Randy have for her
17:47 Michelle Smith talks about recommending Reilly Properties as property manager
24:58 Mike Reilly discusses how investors should be careful when choosing a house to buy in Cleveland
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 investing and real estate.
30:51 Mike Reilly discusses the importance of having a plan.
We give a temperature check on the Cleveland real estate market, discuss the benefits of multifamily homes and more.
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 get involved in real estate if you don't have time for it
18:45 Mike Reilly mentions that there are a lot of people who lose their shirt in the real estate business
23:49 Mike discusses the importance of understanding why businesses fail
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 Mike Reilly shares a tip for first-time home buyers
24:53 Mike Reilly and Mike Ferrante talk about owing a duplex
34:20 Mike Reilly speaks about sending an offer on a house that has been on the market for over a month
35:43 Mike Reilly and Mike Ferrante discuss the mistakes first-time home buyers make
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 know about auctions
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
13:39 Mike Reilly and A’marri talk about virtual assistants
19:44 Mike Reilly and A’marri discuss how they come up with hiring virtual assistants
33:51 Mike Reilly discusses the challenges involved in managing people
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 address the housing problem in Cleveland
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'
10:54 Mike talks about his suggestions on how to handle a ‘Karen’ or ‘Kevin’ tenant.
23:05 Mike R and Lindsey talk about Yelp ratings
33:31 Lindsay talks about being a host on Air BnB
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 Cleveland as a rental market compared with California
10:42 Mike Reilly, Mike Ferrante, and Kareem discuss the problems that businesses face
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 the Cleveland area, Cleveland market vs California market and more.
7:19 Karim answers Mike Reilly's question about how he guides investors into the Cleveland market
10:47 Mike Ferrante asks Karim what his perception of Cleveland is as an outsider?
14:30 Mike Reilly advises people who are invested in Cleveland
22:09 Mike Reilly and Karim discuss the historic drought that is affecting California.
33:11 Mike Reilly discusses with Mike Ferrante and Karim the things one should consider when looking to invest in Cleveland.
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 money, such as the terms and conditions that accompany it. Why do sellers charge you with this deposit? When do you get your money back? Listen to the episode and understand why a business decision is being done that may have consequences to someone else.
This podcast also delivers content that will help you understand more of land contract, property inspection, negotiation, and learn from Mike Reilly’s thoughts on how to be successful in real estate. If you’re a buyer, a seller, especially if you are a novice in the real estate industry, consider this episode to listen and gain a wide range of knowledge along the way.
2:51 Mike Reilly and Mike Ferrante discuss earnest money
17:32 Michael Reilly and Michael Ferrante discuss land contracts
23:25 Mike Reilly and Mike Ferrante talk about inspection and negotiation
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 sweat equity
8:54 Mike Reilly talks about flipping a house
10:27 Mike Ferrante gives his thoughts on flipping a house
24:48 Mike Reilly discusses why an investor needs to have an upside
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 about the current state of the Cleveland market, the transition we went through from being a buyer’s market to a seller’s market and more.
9:37 Mike Reilly and Mike Ferrante with his team discuss what to do when a buyer is overpaying
16:48 Mike Reilly begins the discussion about property managers
23:50 Mike Reilly talks about investors
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 Mike Ferrante discuss about micro-targeting
5:25 Mike Reilly talks about overpaying a house
6:40 Mike Reilly discusses about the next neighborhood in Cleveland that’s going to pop
24:33 Mike Ferrante mentions about what the new buyer wants in their housing today after the evolution of the market after Covid
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 Ferrante discusses the value of third-party websites
11:45 Mike Reilly talks about the houses that are sitting on the market and cash versus finance deals.
21: 29 Mike Reilly talks about the importance of getting the team in place.
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 discusses how they charge for estimates
14:20 Mike Reilly and Mike Ferrante discuss the buyer's agreement
28:52 Mike Reilly talks about how much he charges for consulting
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 discusses how investing in Cleveland property requires discipline and advance research
16:29 Mike Ferrante explains the importance of knowing what options are available and asking for advice
17:39 Mike Reilly talks about the off ramp called ‘The Inspection’
20:34 Mike Reilly discusses two things to consider before buying a house in a questionable neighborhood
24:03 Mike Reilly describes the concept of ‘training wheels’
25:10 Mike Ferrante discusses the shift towards a different type of investment
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- Carbon Dioxide and bed bugs
16:55- What to do after finding bed bugs
21:14- Steamers
23:09- Pets and bed bugs
24:30- Hair
26:10- Summary
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.
We discuss "grannyized" homes, things to pay attention to during an inspection, getting a short term rental while you watch the market and more.
Mike Reilly and Mike Ferrante do temperature check on the real estate market in Cleveland.
We also discuss people asking if we're in a bubble or not and the rumored feeding frenzy going on in the Cleveland real estate market and more.
On this episode, with guests Tony, Melody, and Danielle we discuss the housing issue in Cleveland Heights, lack of proactivity in the city to address the problem and potential solutions on how to move forward.
We revisit our last topic of micro-targeting and go in depth on the importance of retail and walkability in a neighborhood. We also get a quick temperature check from Mike Ferrante on the Cleveland real estate market and more.
- 3:35- LA market coming to Cleveland, selling real estate in California but wanting cash flow
- 4:45- 10 31 exchange
- 6:00- investing in properties (leaving California)
- 9:50- trashing California
- 10:05- Midwest growing market
- 11:50- still trashing California
- 12:40- affordability of Cleveland, one of the top places to retire to
- 14:50- microtargeting
- 15:11- private consulting zoom
- 17:18- inspection and how much money and work it can be
- 20:00- evolution in retail, where to target money
- 24:30- gentrification
- 26:50- duplex problems
- 29:39- back to micro-targeting
Mike Reilly and Mike Ferrante discuss how determining if an area in Cleveland is ascending, descending, or stagnant changes from block to block. You have to know the ins and outs of the city and neighborhoods to make a proper investment.
- 1:12- temperature check of real estate market, spring market and appreciation values
- 4:00- speculation values, the recession
- 5:10- price targeting
- 8:30- investor 5 year plan and investing in general
- 8:50- passive income, cash flow (duplexes)
- 9:00- types of renters, weighing tenant options
- 18:00- effects of crash, credit options
- 20:05- property values rising in different blocks in Cleveland Heights, options to make Cleveland Heights better
- 22:30- Talking about streets in Cleveland Heights, where to buy
On this episode we talk about how to dodge a bullet and not buy a lemon property, price fluctuations in the Cleveland market, Cleveland's hot areas versus stagnant areas and much more.
- 1:40- temperature check on market, LA market in Cleveland
- 2:45- Discussing sellers and sale prices
- 5:00- What buyers think concerning high pricing
- 6:15- stocks and momentum selling
- 7:15- Price assumption and different states
- 7:50- Changes in pricing in Cleveland (the market)
- 11:40- How covid is affecting housing
- 13:00- Investors need to look at adjoining hot spots
- 16:00- To go to a realtor for an investment property or not
- 17:25- Dodging a bullet and buying a lemon
Mike Reilly and Mike Ferrante catch up in the new year and discuss what a seller's market means, the importance of a proper initial inspection before buying a property, and how certain investment properties can be a money pit.
- 00:53- State of the Cleveland market
- 1:50- Discussing the seller’s market
- 5:10- Why are houses sitting vacant?
- 7:30- Addressing investors
- 13:33- Stock Market and momentum stocks
- 14:30- Keeping in mind an exit door
- 15:30- Short term rentals
- 18:05- Flipping a house for AirBnB?
- 19:20- Reluctant landlords
- 24:20- Summing up the podcast
Mike Reilly and Mike Ferrante revisit the topic of property managers, wholesalers, importance of having a property manager before buying a property and more.
- 0:50- summarizing property management
- 2:30- How Reilly Properties is involved in property management
- 5:55- Big management companies and bad service
- 7:00- Wholesalers
- 11:50- Bridge between wholesalers and property companies
- 13:50- Unprecedented appreciation
- 16:20- Consulting and investing
Executive recruiter/coach and friend of the show, Ralph Dise,
joins us to talk about how once outside executives arrive in Cleveland,
they never want to leave.
- 1:00- Introducing Ralph Dice and his company
- 5:15- Tying in with Cleveland Real Estate Podcast
- 5:40- Important people are coming into Cleveland
- 8:40- Global climate issue
- 9:25- 30 year transformation in Cleveland
- 10:25- Pitching Cleveland to executives, executive arrangements
- 14:10- Addressing investors
- 14:50- Different types of Cleveland neighborhoods
- 16:20- Cleveland Safety, policing
- 17:55- Diversity in Cleveland
- 23:00- What executives say about Cleveland
- 24:00- Are certain neighborhoods a social status?
- 27:10- Final thoughts for investors
Mike Ferrante joins us to catch up on the status of the real estate market in Cleveland, the dangers of opening schools, and making the Covid-19 virus political and more.
- 0:50- Real Estate Market as affected by Cleveland
- 3:15- Influx of home buyers
- 4:30- Kids going back to school
- 5:15- Virus becoming a political issue
- 6:20- Cheaper to own a house than rent
- 7:40- Buy a house from a reluctant landlord
- 11:30- Financing homes
- 12:30- How Covid is affecting higher education
- 13:15- Ascending neighborhoods in Cleveland
- 14:28- Back to college
- 15:00- Back to Cleveland market
- 17:18- Covid affecting work and life
Mike, Brook, and A'marri discuss their 3 different perspectives and experience levels of buying a home.
- 0:30- Three points of view
- 1:40- Brook’s overview of selling and buying a home
- 3:50- Getting ready to sell
- 6:05- Mike’s take on looking down the road
- *8:10- Brook’s new home*
- 11:40- Listing Brook’s old home
- 15:40- Keep in mind real estate rules
- 17:55- Talking to A’marri- a renter
- 25:00- Mike’s advice to the younger generation
- 29:15- Brook talking about buying a house
Mike, Brook, and Lindsey Reilly discuss adjusting in the workplace to the Covid and using apps like Zoom to not only maintain proper communication with employees and clients, but enhance it.
- 0:40- Utilizing zoom in the pandemic
- 3:30- Buying stock in these companies
- 4:20- Managing tools through zoom
- 9:00- Difference between zoom and facetime
- 9:50- 5G
- 10:35- Telemedicine for housing
- 12:00- Brook’s take on the pandemic
- 14:00- Pandemic impact on real estate
- 14:38- Final thoughts from Lindsey
- 16:00- Investor recommendations
- 1:25- Cleveland reopening
- 2:40- How the pandemic affects real estate
- 6:20- Virus as a positive impact on the market?
- 10:00- Positive aspects of Cleveland
- 13:15- 1 million dollar market for investors
- 14:00- Break for sponsor
- 14:30- Back to the show
- 15:30- Economic impact of virus/ market again
- 16:24- Thoughts on the economy
- 20:40- Investing in Cleveland during recovery
Joined by retail management consultant Bob Antall,
we discuss how the retail business has changed over time with influence of technology and how retail has, and will continue to change after the pandemic.
- 0:20- Bob Antle introduction
- 1:20- Target and why they flourished
- 1:50- Embracing technology
- 3:00- What retail clients should know (pandemic tips)
- 4:20- Competing with Amazon
- 7:18- Trading down in a recession
- 8:00- Pandemic as a nail in the retail coffin
- 11:20- What Cleveland has going for it
- 16:05- LA/Pasadena area and pandemic
- 17:20- Sponsor break
- 17:50- Back to the show
- 17:55- Living in the Pasadena area vs. Cleveland
- 20:30- Final thoughts on retail
Joined by Mike and Lindsey Reilly, Mike Ferrante leads the discussion on two topics: How to sell your home using Airbnb and how to manage your Airbnb business during the Covid-19 crisis.
- 1:15- Making lemonade out of lemons
- 2:18- Two talking points: Airbnb and Realtors
- 2:20- Starting with Airbnb
- 14:45- Summing up Airbnb during pandemic
- 16:20- Commercial break
- 16:50- End commercial break
- 17:00- Hotels
- 18:45- Marketing Properties
- 23:28- Realtor portion
- 26:00- Looking into the future
- 28:40- Recovery
- 31:35- Final Points
Mike Reilly and President of High Rock Pest Control, Mayer H. discuss what a homeowners checklist should look like for securing their home from pests, bugs, and critters alike.
- 0:18- Mayor H intro
- 1:10- Tips for landlords when it comes to pests
- 5:45- Different entry points of animals
- 10:55- Bird feeders
- 12:15- Catching mice and rats
- 14:34- Rat control
- 15:30- Cleanliness of tenants
- 19:45- Ants
- 23:58- Bats
- 24:48- Nematodes
- 25:27- Final thoughts/ Checklists for landlords and investors
Mike Reilly and Mike Ferrante give updates on the real estate market during the Coronavirus pandemic.
- 0:37- The real estate business during the beginning of covid
- 4:00- Working from home
- 6:42- Back to real estate in Cleveland
- 8:12- Casual lookers and the virus
- 11:45- What constitutes a great offer
- 16:10- Covid has changed everything
- 17:08- Rental environment in Cleveland
- 27:05- Selling during time of covid
- 28:25- People coming from hot spots
Mike Reilly and Mike Ferrante discuss new developments with the coronavirus, impacts of the virus on the real estate market and general thoughts on the government's response and citizen's response.
- 0:00- Shelter in place and covid update
- 6:40- What causes covid fear?
- 7:30- A’marri’s take on covid
- 8:17- Back to Mike Reilly
- 11:10- Real estate market
- 11:27- Mike Ferrante and the pandemic
- 12:50- Other Mike and the pandemic
- 13:36- Mike Ferrante and the real estate market
- 17:27- The new way of doing things
- 22:16- Back to real estate/new generations
- 26:45- How people are going to buy real estate
- 30:00- Florida and covid
- 31:00- Spring market
- 34:50- Governor response
- 35:37- Shoutout frontline hospital workers
Mike Reilly, Mike Ferrante and Lindsey Reilly have a very socially distanced podcast. Excuse the audio as we recorded both Mikes on a conference call. The group discusses effects of the coronavirus on the rental market, effects on the buying and selling market and general thoughts on whats to come as far as social and economic developments going forward.
Mike Reilly is joined by investor and client, Geraldo M, and they walk through the process of him buying a property in Cleveland and transforming it into a short term rental.
On this episode, Mike Reilly and Mike Ferrante discuss a variety of topics ranging from the sexiness of real estate, to should you do rent to own as a property owner, to the importance of doing your homework on the neighborhood your investing in.
Mike and Maureen talk about the new levy being imposed on Cleveland Heights and University Heights property owners.
Mike Reilly, owner of Reilly Properties and Mike Ferrante, real estate agent at Century 21 talk about when is the best time of year to put your house on the market.
Mike talks with marketing director Lindsey Reilly about how to market the rental after furnishing it.
Mike hops on a call w/ Mike Ferrante to talk about the key players needed in the real estate business.
Mike is joined by Reilly Painting and Contracting foreman, Brook Reilly and they discuss the renovation process before and after buying a new property.
A’marri and Mike discuss why investors should invest in the Forest Hill neighborhood in Cleveland.
Mike Reilly and Mike Ferrante of Century 21 go back and forth on strategies to sell your home.
Mike and Lindsey talk about how to identify habits of a qualified property manager, why there are so many bad property managers in Cleveland, and what makes Reilly Properties stand out as a property manager in Cleveland.1:34 Lindsey and Mike discuss how to find a qualified property manager and what Reilly Properties stand out as top property manager in Cleveland
5:16 Mike and Lindsey talk about property managers
9:01 Lindsey talks about vetting the tenants
11:26 Mike talks about importance of vetting the client
The first episode of The Cleveland Investor Podcast features Mike Reilly and Mike Ferrante going back and forth about common mistakes and horror stories with investors biting off more than they can chew when it comes to buying property in Cleveland.
3:16 Mike Reilly discusses his thoughts on purchasing a starter home in Cleveland vs. Los Angeles
4:23 Mike Reilly discusses investing in Cleveland and the mistakes associated with it
6:28 Mike Ferrante tells the story of someone who bought a couple of houses in Cleveland and what happened to them afterwards
7:38 Mike Reilly talks about rescuing an investment group from bad property management
11:38 Mike Reilly explains the first mistake an outsider investor makes when investing in Cleveland
19:15 Mike Ferrante tells a story about bad property management