Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago,

User Stats

186
Posts
14
Votes
Naga A.
  • Investor
  • Atlanta, GA
14
Votes |
186
Posts

Another Detroit Property Management Problem

Naga A.
  • Investor
  • Atlanta, GA
Posted

Well, I remember there was a thread a couple of days ago, started by a UK investor, about a property management problem she had with her property in Detroit.

I just happened to find out that a friend of mine (really, not me as I do not have any interest in investing in Detroit) got caught in a similar scam targeting at foreigners.

My friend is a Japanese citizen like myself who bought a duplex through another Japanese agent working in the Detroit market.

When he bought the property at $25,000, the duplex had two units occupied and rent paid for $450 each.The agent said that this property was located in a nice, strong rental area so it should be rented out quickly and claim a same or similar rent amount even if current tenants moved out.

Well, soon after he purchased the property, one tenant stopped paying rent so he had to evict him. Then, other tenant threatened to move out unless a rent being reduced to $325. That was a year ago. So, the other unit has been vacant for a year as of now. Instead of receiving $900 for rent, he has been receiving only $325.

The problem is that he is not very fluent in English and the Japanese agent refused to pick up a phone from him, so he asked me to help.

Is there anything he can do? I do not know anything about the Detroit market, but is the property really in a nice neighborhood?

The address of the property is 8945 Pinehurst Ave. Detroit, 48204.

Loading replies...