The Cleveland area real estate market, though lucrative for residential property investors because of a combination of factors, is shockingly fraught with regulations with which investors must comply. It is particularly important to be aware of the requirements of the county and any individual city regarding the registration of rental properties within each jurisdiction.
Failure to comply with rental registration requirements could result in anything from a penalty/fine, in the better-case scenario, to the court’s refusal to hear an eviction case when you’re trying to remove a delinquent tenant in the worse-case scenario. Though there are investors who attempt to ignore or disregard rental registration requirements, the risk is almost never worth the reward — the local jurisdictions will almost always prevail, and avoidance costs the investor far more in the long run than would have been the case if the registration requirements had been followed in the first place.