On today's episode, Mike and Brook Reilly check the temperature on 
the Cleveland real estate market in the early part of 2025.
We are still in a sellers market but it's about 60/40.
Inventory is still low but you also can't go too crazy with pricing really high.
If you're an out of state investor the name of the game is ROI.
Don't buy with your emotions and KNOW. YOUR. NUMBERS.
00:53 Brook shares insights on the Cleveland real estate market, noting that while it’s not as hot as previous years, well-priced homes are still selling quickly, making it a 60/40 seller’s market.
3:15 Mike warns about "cart before the horse" investors who buy properties without understanding the costs, later realizing they need a property manager and major repairs, often leading to financial strain.
8:48 Mike emphasizes realistic return expectations, explaining that many investors believe they’ll make 15% profits, but a more reasonable range is 8-12% due to maintenance costs and capital improvements.

January/February Heat Check

It's not looking good for Brown's nation. After Miles walks out at meeting and announces he wants to get traded. So obviously, the meeting did not achieve the results that Barry and Steve wanted. Brook and Mike go into details.
01:20 Mike reveals that a secret bug was planted in the office during Miles Garrett’s meeting with Kevin Stefanski and Andrew Berry. The discussion takes a turn as they analyze how the meeting failed, ultimately leading Garrett to walk out and announce his desire to be traded.
05:00 Mike and Brook analyze Stefanski’s repeated claims that he needs to "coach better," highlighting the lack of a real plan and the team’s history of making the same mistakes.
07:00 Brook speculates that the Browns' management may have told Garrett they were entering a rebuild, leading him to reconsider his future with the team.
14:00 Mike and Brook debate the Browns' options, discussing potential trade scenarios for Garrett, how the team could use draft picks, and whether this signals a larger rebuild.
25:30 Mike and Brook debate the potential trade value of Miles Garrett and Denzel Ward, considering the impact of their departures and how the Browns could use the draft to rebuild the team.

An All Time Low Vibe

Join us as Mike and Brook Reilly dive into why so many artists struggle financially. We'll explore how passion alone isn’t enough, the advantage of financial support and why understanding money is key to making a creative career sustainable. Plus, we'll break down why treating art like a business is the key to long-term success. All this and more on the Cleveland Real Estate Investor Podcast!
01:10 Mike introduces the topic of why artists struggle financially, questioning the "starving artist" cliché and why passion alone isn’t enough to succeed.
03:15 Mike references an article about how many New York residents rely on financial support from their parents or trust funds, highlighting the hidden advantages that allow some people to pursue artistic careers without financial worries.
07:45 Mike emphasizes that being an artist requires the same dedication as running any business, comparing it to the relentless work ethic of professional athletes
11:05 Mike emphasizes the importance of teaching kids the value of hard work over passion, arguing that discipline and responsibility should come before chasing interests or hobbies.
22:30 Brook and Mike conclude that artists starve because they aren't taught how to manage money or sustain themselves financially, emphasizing the need for business knowledge.


Why Do Artists Starve

In this episode of Cleveland Real Estate Investor, Mike, Brook, and A'marri discuss Match Day, when medical school graduates are placed in residency programs and begin searching for rental housing. This presents a great opportunity for landlords to secure responsible, long-term tenants—young doctors who are focused on their work and need stable housing.
They also explore the changing nature of the rental market, as Airbnb has become oversaturated, with nearly every Tom, Dick, and Harry trying to become a host. With short-term rentals losing profitability, the team discusses shifting to a rental model that falls between Airbnb and traditional long-term leasing. Tune in for insights on how to adapt to these shifts and maximize rental income.
1:30 Brook explains how they analyze their real estate portfolio, deciding which properties are profitable and which ones should be sold.
3:00 Mike shares the backstory of how they got into real estate, starting with their first rental property and transitioning from house flipping to short-term rentals.
5:00 The team discusses the shift away from short-term rentals due to market saturation and why midterm rentals for medical residents on Match Day present a great opportunity.
10:30 Mike emphasizes the importance of tenant screening, explaining why credit scores matter and how bad tenants can lead to financial and property damage.
19:00 A'marri and Brook highlight key rental strategies, including lease structuring and pricing for different rental durations to maximize returns.


Magic Matching Day

Mike and Brook discuss what it really takes to sell a house.
What buyers look for. Some things Reilly Painting and Contracting has done recently to help get their houses sold. How to tell if a buyer is serious.
2:00 Mike introduces the topic of the episode: understanding the real estate market and how it mirrors the stock market in its unpredictability.
4:10 Brook explains how pricing a house correctly is key, emphasizing that condition and location should dictate the price, not just market trends.
6:50 Mike and Brook break down the improvements made to a rental property before selling, including refinishing floors, updating the bathroom, and enhancing curb appeal.
20:30 The team discusses how to spot serious buyers, why fast closings matter, and the importance of reviewing financing terms before accepting an offer.
36:48 Mike and Brook explain the importance of pricing strategy—how to tell if a house is priced too high, when to adjust the price, and how buyers react to price drops.

The Market Is Market

Joined by guest John Schloss, Mike and Brook talk the draft and the future of the browns.
3:10 Mike introduces the episode, discussing the Browns' offseason moves and setting the stage for the conversation with John.
7:30 Brook and John analyze the team's draft strategy, debating whether the Browns should focus on strengthening the offensive line or adding depth to the secondary.
15:00 The group dives into quarterback performance, comparing stats and speculating on potential roster changes before the season starts.
27:38 Mike asks John about his favorite Browns memory, leading to a discussion on iconic games and what makes the fanbase so passionate.
40:20 Brook wraps up the episode by sharing listener questions, including predictions for the upcoming season and concerns about coaching decisions.


Draft And The Future Of The Browns

Brook and Mike share their thoughts and opinions on the Cleveland Browns Draft, discussing potential picks, team needs, and what they hope to see from the front office.
1:15 Brook starts draft day talk, asking Mike what he wants to see happen with the Browns, not just what he expects.
3:15 Mike shares why this needs to be a "legacy draft" for the Browns, pointing to historic drafts by teams like the Steelers and Cowboys.
4:30 Brook outlines her dream scenario: drafting Travis Hunter at #2, grabbing a running back or tackle at #33, and landing a promising QB in the later rounds.
6:45 Brook and Mike discuss potential quarterback picks like Jalen Milroe and the value of letting a young QB develop behind a veteran like Joe Flacco.
13:15 Mike reflects on the Deshaun Watson trade and emphasizes that the Browns must return to a ball-control offense built around Nick Chubb and strong character players.

Pre Draft Talk

Brook and Mike break down what they liked—and didn’t like—about the Cleveland Browns’ draft picks, including standout players, surprise decisions, and how the team’s future is shaping up
5:30 Brook recaps the Browns trading down from pick #2 to #5 and still landing impact player Mason Graham.
7:15 Mike and Brook discuss the Browns’ new running back duo as “thunder and lightning”—Judkins and the speedy back from Tennessee.
8:45 Brook explains the surprise around drafting two quarterbacks—Shedeur Sanders and Dillon Gabriel—and why it still made sense.
13:45 Brook compares Gabriel to Baker Mayfield, calling him a strong, accurate QB with real starting potential.
20:15 Mike and Brook agree Flacco should start, but the young QBs must get playing time this season to prove their value.

The Cleveland Browns Draft Recap

Brook and Mike discuss the power of scripting and planning for quick Airbnb turnarounds and for selling properties.
2:00 Mike introduces the idea of scripting your day and how vital it is for managing real estate and small business operations effectively.
3:00 Brook breaks down how she handles violation lists—deciding what can be done in-house, what needs to be outsourced, and the importance of being proactive before a house closes.
6:15 Mike reflects on the harsh realities of running a small business—juggling subs, maintenance issues, and why passion alone isn’t enough for success.
10:30 Brook explains how organizing work around the weather and staying in close communication with subs can save time, money, and stress.
21:15 Mike shares the three business fundamentals every small business owner should master: sales, creative marketing, and financial literacy.

The Power Of Scripting And Planning

The Cleveland Browns Anonymous Podcast. For all those Cleveland Browns fanatics that need emotional help! Hosted by Mike Reilly also of The Cleveland Real Estate Investor Podcast.

Pre Draft Talk

@clebrownsanonymous

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