Company Description
This occupied, cash flowing property is a 3 bedroom 1.5 bathroom single family home in a trending neighborhood of Cleveland.
This property was recently renovated and is occupied by a family whose lease expires on 1/31/2022. The tenant has said they would like to continue living in the property after their lease is over.
The tenant renewed their 1 year lease extension at $1,000/month starting on 7/31/2022. This is a $55 increase from the previous rent.
Updates:
Update 6/9/2022: This property has officially migrated over to the new Property Manager, B2B Realty, based on the results of the prior governance vote. Because B2B Realty charges an 8% Property Management fee instead of the previous 10% fee, the Annual Cash Flow of this property has increased from $7,852 to $8,079.
Update 7/21/2022: The tenant has signed a 1 year lease extension at $1,000/month, a $55 increase from the current rent. The new lease will start on 7/31/2022 and expire on 7/30/2023.
Update 7/31/2022: The tenant has signed a 1 year lease extension at $1,000/month which starts today, 7/31. This is a $55 increase over the previous lease of $945/month.
Update 9/27/2022: The governance voting results are back for the vote on whether to renew landlord insurance with Actual Cash Value coverage or Replacement Cost coverage. The winning vote is: Replacement Cost Coverage. This decision was voted on by 873 out of 1,136 tokens which is equal to 76.8% of the total votes. This new insurance policy will go into effect on 9/31/2022, once the current insurance policy ends.
