My Experience with Strategy Properties - Detroit MI

[Will Zena]

I found Real Wealth Network back in 2018 and became a member. Then went to an event of theirs in Orlando FL and was introduced to Strategy Properties. The high ROI is very attractive and with them advertising these properties as turn key homes I assumed no major mechanicals would need to be changed for at least 3 years because I was told everything in the homes I was purchasing would be brand new. Brand new roofs, brand new hvac, flooring, hot water heater etc. BUT I WAS IN FOR A RUDE AWAKENING.

Long story short we purchased 3 properties in a 2 year period and all have been nothing but trouble due to poor renovations.  The trouble was extended with very poor property management as well.

1 - First of all they each had lead base paint issues ranging from $250 to $5,000 in remediation needed per home.  As a result these properties were never certified for occupancy - not turn key right there.  Which resulted in fines of close to $1k per property.

2 - Then due to poor rehabs we needed to replace a "brand new roof" and parts of "brand new flooring"

3 - When we purchased house #2 there was a small leak from the ceiling in a closet which I brought up at least 10 times that I wanted proof it was taken care of.  Never received the proof and was just told it was handled.  Then I needed to spend thousands later finding out half the ceiling in that room was covered in mold.  This was due to a terrible job of installing a "brand new roof".

4 - Also house #3 took 6 months to add a tenant because the property management team at Pro Way
(Strategy Property affiliate at the time - now closed) had no record or lost the records that I purchased the home.  I emailed many times and was either ignored, emailing an employee that no longer worked there, or was just told they will look into it.  I got RWN involved and they got Proway to get me a tenant who unfortunately was/is a bad one.  Section 8 tenant who never paid their portion of the rent.  It is a nightmare to get tenants out at this time.

There are other issues that escape my mind at this time since I have been so busy with my business I didn't research the rest.  I keep every email with all my property managers for future reference.

**RWN set up an email conversation with Strategy and after 2-3 months of discussions they offered me $4,000 to keep my mouth shut and not write this post.  It was a no brainer to decline and share my story with everyone here.  After spending $25k+ and still spending I would rather help someone else not make the mistakes I made of working with this company.