Ohio Cashflow and Oz Realty Review My experience: Bought: March 2021, $64,900 Sold: April 2024, $48,500 - $5,000 (agent fees/closing fees/etc) = $43,500 Rental income (rents - expenses): $5,600 Average annual returns: 2.9% (approximate) Net loss at sale: $15,800 Positives: Lonna Lonna, the woman in charge of property management, is amazing. The one truly great thing I can say about Oz Realty is Lonna. She's kind, diligent, and professional. She responds to questions in emails line-by-line. Negatives: 1. My cap rates weren't near what was advertised. To be fair, Engelo did say cap rates would probably be a couple percentage points below what he advertised through his frequent marketing emails. The property I purchased had an advertised 9% cap rate. I would have been happy with 6-7% annually, but real cap rates were about 3%. I can imagine they'd average out at about 2.5-4.5% over time (5% in a rare great year), but not close to 6%. I asked Engelo about this: Engelo: "You need to buy more properties to see higher annualized cap rates." Me (thinking to myself): Even if I have 10 properties averaging 4%, that's still only going to add up to 4% on average. 2. I had high tenant turnover. (Oz Realty charges a one-month placement fee which does eat into returns over time. If the first tenant leaves within the first year of ownership, Oz Realty waives the one-month fee.) My first tenant had to be evicted. He paid a month, skipped payment a month, paid for a month and a half (one month being the unpaid month), negotiated payment for upcoming months, lied about what he said he'd do, made a partial payment, promised to pay unpaid rent, then ultimately skipped out without paying for multiple months of rent. More than four months rent were lost between missed rent payments and legal fees to evict the tenant. The next tenant was much better, but had frequent complaints regarding legitimate problems: -bathroom sink hot water knob that didn't work -rat urine smell coming from the vents -water leakage from the toilet (I understand that problems occur, particularly with properties of this age, but it was surprising/disappointing considering I paid Ohio Cashflow $64.9k for a property they bought for almost half the price, then, even after having done improvements, still required frequent repairs.) 3. Property appreciation I bought the property for $64,900 and sold it for $48,5000. The real estate agent throughout the sale process: "The markets have come down since you bought your property." Me (thinking to myself): If that were the case, why do I keep getting Ohio Cashflow marketing emails for similar properties at higher prices than what I paid for? 5. The real estate agent that "helped" me sell the property wasn't helpful or easy to deal with. The most lucrative option Ohio Cashflow offered me was to use their real estate agent. I'll refrain from mentioning her name, but she was at times rude, unhelpful, forgetful, unresponsive, and incompetent. (I can understand that a real estate agent deals with a lot of clients, but she frequently forgot the simplest of details of what we spoke about, and often failed to follow through on the things she said she would do.) 6. I had to pay unpaid water bills when the tenant that needed to be evicted up and left. Because the property's water bills were not registered in the tenant's name, I had to pick up the bill. The bills were in the amount of about ONE AND A HALF MONTHS RENT. 7. I should have been smarter. Honestly speaking, I like people that speak frankly, so I was probably a sucker for Engelo's "if I swear a lot I will appear like a straight shooter" delivery. He used scarcity to get me to buy. It worked. Engelo: "I have too many clients already and I'm actually thinking about not taking any more on." I can only guess this is untrue because of the regular "buy one of our properties" marketing emails I continued to receive, even after having purchased a property. 8. The overall property condition was worse than I imagined. Prior to selling, the buyer's inspection turned up significant mold damage to the property's foundation due to water leakage. This resulted in a substantial $2500 reduction in the sale price. In summary: The place I bought from Ohio Cashflow was an old, broken down home that required frequent repairs despite having "significant" improvements at the time of purchase. I was advertised 9% cap rates, told to expect 7%, but actually got around 3%. I couldn't realistically imagine getting 5% returns, so I sold. At the time of purchase I was not expecting property appreciation, but based on my purchase price, I can't imagine seeing any appreciation, even after 15-20 years.

couldn't ask for more I get my payment every month and they take care of the property for me. What more could I ask for. Easy company to work with.

I have worked with Oz Realty for… I have worked with Oz Realty for several years. They have been very good about responding to my concerns and proactively addressing maintenance issues. I have been happy with their work and recommend them highly.

Thank you for managing our properties. Thank you for managing our properties. You made the process simple and easy. We appreciate your patience and expertise!

Solid turnkey provider and property management. I’ve been working with these guys for over 7 years and they have been very trustworthy and communicative. Highly recommended!