Renatus

[Lummie Spann]

Hello BP community....

I recently came across a real estate investment Community opportunity by the name of Renatus. I went to their prospective members presentation and I am very intrigued by it, especially the fact that they have a Community of real estate investors present right here in New York City. Does anyone have any thoughts about this company or have they had any experiences? I would love to hear anybody feedback, negative or positive, but please please please don't comment if you have no experience or knowledge of this company and are just speculating about what it is. Thank you.

[Jamie Kennedy]

Hello Community,

I purchased the Renatus education and the IMA position based on Scott Rowe's hard sell presentation, basically because he tauted "transparency" and I wrongly believed him to be honoring that word.  I hit the marketing diligently and within 5 weeks recovered my initial $2K investment on the essentials.  I then upgraded to the middle package since I had to do that prior to signing another person at that level in order to obtain the "bucket chop" - something Scott Rowe does not tell you in his presentation.

Within 3-4 months, I fell back from the marketing because I could no longer encourage people to market Renatus.  I had received 8 commission payments, 5 of them were wrong, always favoring the company, not me.  It took up to 3 weeks for a Customer Service response about the inaccurate commissions payout and....get this....14 weeks to recover my last underpayment! I did not want to be associated with a marketing program that required their reps to diligently police their money and I certainly could no longer sell this to others once I learned I was not the only person to spend hours, emails, phone calls to get the commission payment corrected.

They are grossly understaffed in their customer service with people who have no capacity to solve your challenge.  You are sent to your 5 star who, if it was my line, they didn't care because they were making such big money you are irrelevant to them, or didn't know either, how to resolve your challenge. (They trained their CS staff to send you to your 5 star person). 

When I discovered an error in their written comp plan, I constructed a diplomatic letter suggesting a possible edit to correct the error and sent it directly to Scott Rowe.  I doubt it ever made it to Bob Snyder. A wonderful IMA rep started offering a comp plan training for IMAs to explain the things Scott Rowe & the written plan leave out.  Instead of addressing the error in the written plan (which he certainly had the position to do), Scott Rowe added another Saturday morning comp plan training - endorsing the fact that the written plan and his presentation need further support.

Just an FYI: Scott Rowe himself is violating their own IMA agreement (re-signed annually) by promising "you can be making money with us next week" (highly, highly rare) and presenting the facade of offering W2 employment as "public speakers, office personnel, teachers, etc". This is not true but many people jump on expecting to use their skills in these areas.

Their UGA financing network is a huge gray hole.  I suspect Bob Snyder may own it in whole or in part.  You never receive input if your team makes a payment.  I have 3 financed people and after the 1st commission payment (which I had to fight to obtain accurately), I have never received another payment.  Now these folks may have stopped their payments, but the rep deserves to know this information instead of hounding your team about payments. 

There are Renatus groups more real estate focused. I recommend seeking them out, not the marketing leaders if you want to learn investing. You can always get the network at your local REI group(s). And about the education, it is good. But you can get it anywhere.