Owners

LaFlare Property Group is a one-stop shop for out-of-state investors who want to own long-term rentals in Toledo. Buy-and-hold is the only strategy we work with, because it's the only one Derek invests in himself.

Derek is an investor first. He owns more units and has more of his own capital in this market than any client he works with. Every recommendation he makes is one he's already made with his own money.

Affordability drives everything we do, from the purchase price to the rent. Buying low enough to offer affordable rents fills units faster and attracts better residents. Affordability never goes out of style.

We prefer to be involved from the very beginning. We source the deal, stabilize it, and manage it long term, so there is a high level of accountability.

Resident Pays Owner Directly

Residents pay rent directly into your own bank account. LaFlare never holds your money. Our management fee is collected only after your rent has been paid. We get paid when you get paid.

What We Do

Derek is a licensed Ohio real estate Broker, the highest level of real estate license in the state. From the first offer through property rehab and long-term management, here's how we help:

• Acquisitions: finding, analyzing, and writing offers on long-term rentals that fit your goals
• Rehab and project management: converting neglected properties into viable, cash-flowing assets through our network of trusted contractors
• Leasing: All leasing decisions are made together with the owner. Two sets of eyes on an application decreases the likelihood of a mistake being made.
• Property management: rent collection, maintenance, inspections, and day-to-day operations
• Owner portal: 24/7 online access to your property's financials and statements

Pricing

Acquisitions: 3% of the purchase price or $2,000, whichever is greater. Written into any offer and usually covered by the seller.
Management fee: 10% of gross monthly rent collected
Leasing fee: one month's rent
Rehab project management: $100 per phase inspection

Investors with 3 or more properties under management:

• Management fee drops to 8%
• Leasing fee drops to half a month's rent

Already own in Toledo but unhappy with your current manager?

We are willing to take over management of existing properties on a case-by-case basis. Every transfer starts with a full inspection, so we know exactly what we would be getting into.

Transfer inspection: $100 per property. Each inspection includes a full set of walkthrough photos and a candid, honest opinion of the property from a proven real estate investor.