Dayton vs. Nearby Cities
Dayton, Ohio, sits between Cincinnati and Columbus and offers the most affordable real estate prices. Real estate markets in all three cities were hot in 2017 and experts predict consistent growth with an increase in first-time buyers in years to come. Dayton is still the preferred city for value shoppers because the median listing price is well below $100,000 with a median around $50 per square foot.
Compare that to median listing prices around $200,000 in Columbus and Cincinnati. Buyers can expect to pay well over $100 per square foot in both of these competing cities. As home inventory and buyer demand continue to rise, Dayton should still remain the most affordable option.
Dayton Property Managers
Property managers handle the day-to-day operations of a rental property on behalf of the property owners. This typically includes collecting rent and enforcing all rules, including the regulation of parking spaces, swimming pools, play areas and other community amenities. Managers keep the property safe, competitive and profitable.
Dayton Property Management Fees
Most Ohio property managers charge a monthly fee in addition to the cost of routine maintenance and repairs. This fee is typically a percentage of the rent collected from tenants each month and can go up to 14 percent on average. Some managers charge significantly less, depending on their experience and the services included in the contract.
Ohio Landlord/Tenant Laws
- Landlords must give tenants at least a 24-hour notice before entering a rented property in Ohio.
- Landlords may begin the eviction process only after serving tenants a three-day quit notice.
- State laws place no restriction on the amount that landlords are allowed to charge new tenants for their security deposit.