ABC Capital = Absolutely Bad Company

[Patrick Lai]

Just want to add another bad comment on ABC Capital Realty, also as sister company Premier Rental is an aweful company. We bought 2 properties from it in 2015 at Philadelphia and ABC about act as the property management company. The contract is a 3 years rent guanarentee. Problems occur in year 3 and one of the houses we cannot receive any rent for the whole year. They did not reply and push the responsibilities to the insurance company which is not stated in the agreement. Also, we found out that they did not help us to pay the property tax ( but it has been deducted on our rental income) and got penalties and the city called a collection company on that. The worst thing is we found out one of the house got squatter and as a property management company, ABC not even take any response or even say don't know who the squatter is.

ABC is still having businesses and I know there are over 50 owners are the victims of this company. I know it also hire a well know agent to help marketing their properties. We urge you to avoid ABC Captial or Premier Rental or any of its sister companies. You will lose money and got a lot of troubles to deal with the property! ABC = Absolutely Bad Company!

[Natalie Schanne]

Patrick Lai - I’m not a licensed PM, but I am a licensed PA/NJ Agent with Philadelphia experience. My advice to you is to cancel your PM contracts and take back control of your properties. If you need help finding a PM, I can recommend some names. If you want to sell out, I can help you with that to.

Philadelphia has appreciated greatly over the past few years. If you had an average property that remained in decent condition, it’s worth 5-10% more annually in year over year appreciation.

I wish I’d bought a $13m 65 unit multifamily in center city philadelphia in 2013. It’d be worth $20m or more today.

No company is great forever. Look at GE now.