Cleveland · Rentals, handled end to end
Cleveland rentals. You own them, we run them.
Next Play Capital finds, renovates, leases and manages duplexes in Cleveland for investors who want the returns of rental property without running it. Title sits in your own LLC. We do the work and report to you in one place.
What we do
One firm, from the first showing to the rent deposit.
Most people who want rental income stop at the part where they'd have to find a contractor in a city they don't live in. That part is our job.
Source and underwrite
We walk Cleveland duplexes every week, underwrite them against 2026 CMHA payment standards and our own rehab cost book, and show you only what clears the stressed case.
Renovate and place
Fixed-scope renovation with our crews, then lease-up through Section 8 or the open market. We handle inspections, paperwork and placement.
Manage and report
Rent collection, maintenance, renewals and a monthly statement in your investor portal. You see value, equity, cash flow and lease dates at a glance.
The numbers
We show you the stressed case first.
A typical Cleveland duplex at today's prices and rents, with vacancy, a maintenance reserve and our management fee already taken out. This is the number we underwrite to, not the brochure number.
Assumes a $150,000 purchase, 25% down, DSCR financing at 7.75% over 30 years, 2.27% effective property tax, $2,000 annual insurance, and rents at the 2026 Cuyahoga Metropolitan Housing Authority payment standard for a 2-bedroom in 44120 ($1,367). Appreciation, rent growth and depreciation are left out on purpose. Every plan we build uses the actual property's numbers.
Why Cleveland
Rents set by a public schedule. Demand that outruns supply.
Cleveland's east side is one of the few places in the country where a renovated duplex still costs less than a year of rent in a coastal city, and where the housing authority publishes what it will pay.
Monthly payment standard for a 3-bedroom in 44120 under the 2026 CMHA schedule.
Cuyahoga Metropolitan Housing Authority, FY2026 ZIP-based standardsVoucher households in Cuyahoga County. Only about a third of new voucher holders find an approvable unit within six months.
Signal Cleveland, 2024–2025 reporting on CMHAMedian stay for a housing-choice-voucher household, against roughly 2.5 to 3 years for a market renter.
HUD length-of-stay study, 2015 cohortThe founders
Two operators. Same side of the table.
Michael Rand and Mike Raben walk the properties, price the work and run the management themselves, with the same crews on every job. The firm is built so you never need to fly to Cleveland.
Michael Rand
Licensed in Ohio and Florida. Sourcing, underwriting, financing and investor relations.
Mike Raben
Licensed in Florida. Renovation, crews, operations and property management.
Already an investor? Your properties, equity, rent and lease dates are in the portal.
Investor sign-inNext step
Twenty minutes. No pitch deck.
Tell us what you want the money to do and on what timeline. We will tell you honestly whether Cleveland rentals fit, and what the first property would look like.