Cincinnati, OH: Paris of America
With an estimated 309,317 residents, Cincinnati is the third-most populous city in Ohio. It also serves as the seat of Hamilton County. Cincinnati is known for its historic architecture, exhibited by buildings such as the Cincinnatian Hotel and the Music Hall. This earned it the nickname “the Paris of America.”
Cincinnati is also home to a thriving performing arts scene, particularly in the fields of theater and music. Professional companies located in the city include the Ensemble Theatre Cincinnati and the Cincinnati Opera. The city also hosts several events centered around music, such as the Bunbury Music Festival and the Cincinnati May Festival.
Beyond that, Cincinnati boasts three major sports teams — the Cincinnati Bengals (NFL), the Cincinnati Reds (MLB), and FC Cincinnati (MLS). Other notable points of interest include the University of Cincinnati, the Cincinnati Zoo & Botanical Garden, the Cincinnati Art Museum, Newport Aquarium, the Cincinnati History Museum, and the Contemporary Arts Center.
How Is Cincinnati’s Rental Market?
Cincinnati has an attractive rental market. Homes in this city are relatively affordable, with a median listing price of $$148,200. This is 35% below the national median. Cincinnati also has a huge population of renters, with 62.2% of residents in the city renting their homes.
Image via towncharts.com
Aside from a large pool of tenants, Cincinnati is favorable to landlords because of its low vacancy rate. In 2019, the vacancy rate was 3.58%. This is lower than both the state rate (4.67%) and the national rate (5.97%). Ohio’s laws are also generally landlord-friendly.
Image via deptofnumbers.com
Rent in Cincinnati is fairly cheap. In 2019, the median rent in the city was $854, whereas the national median was $1,097. Compared to Ohio’s median rent at the time, though — $813 — Cincinnati is definitely more expensive.
How a Cincinnati Property Management Company Can Help
Considering the state of its rental market, Cincinnati unsurprisingly draws in numerous property investors. Whether property investments are your thing or you simply have an extra apartment in the city, rental management is something you will inevitably need to tackle. Most people have a hard time managing rental properties, though, which is where a Cincinnati rental management company comes in.
A professional management company can help landlords with all their needs. Companies have the resources and connections needed to make the entire process smoother. Although services can vary from company to company, they generally encompass the following:
- Rental property advertising
- Tenant screening
- Property showings
- Rent setting and collection
- Lease agreement preparation
- Routine inspections (including move-in and move-out inspections)
- Lease terms enforcement
- Maintenance and repairs management
- Tenant support
- Budget management
- Tax preparation
- Eviction assistance
Looking for Property Management in Cincinnati?
It is not easy to find a rental management company in Cincinnati that fits your unique needs and price point. You also need to conduct a thorough vetting process to ensure you choose a reliable one. With Rental Choice’s online directory, though, you can browse through the available companies in your area. From there, you can use the contact details we provide to get in touch with your prospects.
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