What we stand for
Integrity
1
Our foundation is based on transparency, and accountability.
We dedicate ourselves to our based commitments in every project.
Communication
2
We understand that clear, consistent communication is essential to building and sustaining win-win partnerships.
We keep our lenders, agents, and collaborators informed at each stage of the process, ensuring alignment, clarity, and confidence from start to finish.
Excellence
3
We maintain rigorous standards across acquisitions, constructions, negotiations, and overall asset management.
Collaboration
4
We believe every transaction is powered by strong, transparent collaboration. We work closely with lenders, contractors, realtors, agents and other community partners to ensure each project moves forward with alignment, clarity, and shared purpose. Together, we strive to deliver the best value for all stakeholders.
Efficiency
5
We operate with a relentless focus on efficiency: streamlining renovations, timelines, and capital deployment to optimize returns. Through disciplined project management and data-driven decision-making, we reduce delays, eliminate waste, and complete high-quality homes faster. Our calibrated process ensures lenders and investors see their capital working at its highest potential.
Sustainability
6
From responsible material sourcing to thoughtful revitalization of existing homes, we aim to extend the life cycle of properties by minimizing waste, and enhancing neighborhoods through
long-lasting improvements.
Our approach ensures that each renovation contributes to stronger communities and durable long-term value for investors.
Our Mission
- Rinnova Properties was founded with a clear purpose to transform undervalued and neglected properties into renewed, dependable assets that strengthen communities and protect partner capital.
- Our mission is to revitalize homes throughout the Greater Cleveland Area through disciplined acquisitions, high-quality renovations, and strong partnerships with local professionals. We approach every project with integrity, transparency, and operational precision to ensure predictable outcomes and long-term value.
- By improving the condition and performance of each property we touch, we create lasting benefits for investors, homeowners, renters, property managers, and the neighborhoods we proudly serve.
Why the Cleveland Area?
Cleveland offers a rare combination of affordability, economic stability, and strong demand for quality housing by making it one of the most strategic and reliable real estate markets in the United States.
The region is supported by a diverse economic base, anchored by nationally recognized healthcare systems, major universities, manufacturing centers, and expanding logistics operations. This mix of industries creates consistent employment, steady population movement, and long-term demand for updated, well-managed housing.
With an affordable cost of living and a high concentration of students, medical professionals, trades workers, and long-term residents, Cleveland continues to attract families and tenants who value stability and accessibility. Ongoing revitalization initiatives, infrastructure improvements, and neighborhood redevelopment efforts further reinforce the city’s long-term growth trajectory.
For real estate investors, this combination of affordability, durable rental demand, and steady market activity makes Cleveland a prime environment for value-add opportunities as where disciplined acquisition, strategic renovation, and proper management can produce secure and predictable returns.
Market Highlights
Cleveland’s strong economic foundation, stable workforce, and affordable housing market make it one of the most attractive value-add real estate markets in the Midwest. The region benefits from a balanced mix of healthcare, education, manufacturing, and logistic industries that support consistent long-term demand for quality rental housing.
Key Economic Drivers:
- Major employers across healthcare, manufacturing, education, and logistics
- Over 80,000 healthcare professionals across the metropolitan area
- Nearly 80 colleges and universities supporting steady population inflow
- Multiple professional sports teams and expanding distribution hubs, including Amazon facilities
These fundamentals create durable rental demand and a resilient housing market recognized by investors nationwide.
Cleveland Real Estate Snapshot:
Rental vacancy: 4.7%
Reflects strong absorption and consistent demand for updated rental units.
Average rent: $1,558 monthly
Demonstrates stable income potential for renovated single-family homes.
Median home price: $116,771
Affordable acquisition costs enable strong value-add returns and controlled renovation budgets.
Average rental yield: +28.3%
Highlights the potential for high cash-on-cash performance in well-managed rental assets.
Average flip ROI: +36.4%
Shows the strength of value-add renovation margins when executed with discipline.
Our 5-Step Approach
1. Source Off-Market Opportunities
We target distressed, under-the-radar type properties through targeted, data-driven marketing strategies along with local insights.
2. Acquire Through Strategic Alliances
We leverage our existing network of quality local real estate professionals, joining forces to negotiate the most favorable terms in order to land the best possible outcomes for our partners.
3. Commit To Due Diligence & Underwrite
Every project undergoes thorough analysis supported by expert underwriting sources to ensure strong projected returns and minimized risk.
4. Embark On Renovations With Proven Contractors
We work with outstanding contractors to complete renovations on time and within budget. We prioritize every project with quality, safety, and long-term viability.
5. Choose the Optimal Exit Strategy
Whether adding property to our rental portfolio or selling it, we move forward with the most viable exit strategy according to market conditions along with the objectives of our network.
Meet The Team
Konnor Ricci
Jean-Pierre Weziak
Jean-Pierre Weziak
Co-Founder, Finance
At Rinnova Properties, our mission is to provide the best possible real estate experience for our clients. We are committed to delivering exceptional service and creating lasting relationships.
Jean-Pierre Weziak
Jean-Pierre Weziak
Jean-Pierre Weziak
Co-Founder, Project Management
Our team of experienced agents are dedicated to helping you navigate the complex world of real estate. We have the knowledge and expertise to help you achieve your goals.
Van Sturgeon
Jean-Pierre Weziak
Van Sturgeon
Professional Consultant & Advisor
Mr. Sturgeon brings more than 30 years of experience working in the real estate industry. Working previously as a highly-skilled contractor, Van is a successful real estate investor as well as a revered consultant and advisor. He has been involved in every facet of real estate including land development, s
Professional Consultant & Advisor
Mr. Sturgeon brings more than 30 years of experience working in the real estate industry. Working previously as a highly-skilled contractor, Van is a successful real estate investor as well as a revered consultant and advisor. He has been involved in every facet of real estate including land development, subdivision, and custom home building. Van has worked on thousands of apartments, single family homes, multi-family buildings, and other commercial properties across North America.