Who is Bob Stevens AKA Bob Prisco and what's his involvement in Cleveland?

Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.

If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.

___

So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?

Well who the hell is on this "team" if there isn't a property manager?

What exactly does this "team" do if they don't manage your property?

Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.

___

And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.

___

Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

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Rene HosmanPro Member

Rental Property Investor · Denver, CO · Member since 2024 · 583 posts · 653 votes

Upon further research it does appear the user @Bob S. is breaking the rules by using a different name, given that the email address listed with BiggerPockets profile is actually linked to the name Robert Prisco - we have strict rules about using your actual name in section II subsection A of our rules that can be found here https://www.biggerpockets.com/rules

Bob do you have any response to this post that you would like to share publicly? This is a serious accusation if you are misrepresenting yourself on the BiggerPockets forums as an alias, and if you are trying to get clients for your suspended business here from the forums.

You may also email me directly at [email protected]

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
1y
Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

not only that he advocates buying the most risky property in Cleveland IE east side hoody stuff.. He then showed me some stuff in Jackson MS same thing the hood.. Investors if they follow his advice are going to get hosed in that market as well.

this is just like the Sub to guys that post under different names.. @Scott Trench and his team have done a good job with the sub to guys they got removed but came back a few months ago and of course the post on all sub to threads and at first just normal responses like they did not really understand the bizz.. But could not help themselves and just went right back into their same ole schtick..

Of course there are plenty of turn key providers that suggest folks buy in the roughest areas no crime in that but 15 to 20% caps which is what he spouts constantly with no acknowledgement that he is really selling these properties .. He touts himself as owning 500 of them.. when in fact I suspect but dont know for sure.. the 500 is how many he has sold he might very well own 100s of homes so as he likes to say on BP he can live in FLA and never needs to go CLE.

Lastly Jim I am surprised it took you this long :) AS you know one of the main rules on BP is operators / sponsor etc are suppose to divulge that they are in business and not pretend they are something else and they do it by Omission .
Podcast Guest on Show #222
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7
Topic locked
James Wise
OP
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
1y
Quote from @Jay Hinrichs:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

not only that he advocates buying the most risky property in Cleveland IE east side hoody stuff.. He then showed me some stuff in Jackson MS same thing the hood.. Investors if they follow his advice are going to get hosed in that market as well.

this is just like the Sub to guys that post under different names.. @Scott Trench and his team have done a good job with the sub to guys they got removed but came back a few months ago and of course the post on all sub to threads and at first just normal responses like they did not really understand the bizz.. But could not help themselves and just went right back into their same ole schtick..

Of course there are plenty of turn key providers that suggest folks buy in the roughest areas no crime in that but 15 to 20% caps which is what he spouts constantly with no acknowledgement that he is really selling these properties .. He touts himself as owning 500 of them.. when in fact I suspect but dont know for sure.. the 500 is how many he has sold he might very well own 100s of homes so as he likes to say on BP he can live in FLA and never needs to go CLE.

Lastly Jim I am surprised it took you this long :) AS you know one of the main rules on BP is operators / sponsor etc are suppose to divulge that they are in business and not pretend they are something else and they do it by Omission .

Answers are definitely needed.
4
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John Clark
Member since 2018 · 1k+ posts · 1k+ votes
1y
This thread should be pinned and tagged as the first to appear when rookies (and even most advanced investors) search for investing out of state. Don’t do it, and here’s why. . . .
6
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Scott TrenchPro Member
Rental Property Investor · Denver, CO · Member since 2014 · 2k+ posts · 6k+ votes
1y
Thanks guys - we will have our moderation team, including @Rene Hosman, take a look this week. And @Mindy Jensen - might like your eyes on this as well.
Podcast Guest on Show #223
7
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Rene HosmanPro Member
Rental Property Investor · Denver, CO · Member since 2024 · 583 posts · 653 votes
1y
Upon further research it does appear the user @Bob S. is breaking the rules by using a different name, given that the email address listed with BiggerPockets profile is actually linked to the name Robert Prisco - we have strict rules about using your actual name in section II subsection A of our rules that can be found here https://www.biggerpockets.com/rules
Bob do you have any response to this post that you would like to share publicly? This is a serious accusation if you are misrepresenting yourself on the BiggerPockets forums as an alias, and if you are trying to get clients for your suspended business here from the forums.
You may also email me directly at [email protected]
7
Topic locked
Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
1y
Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Thanks for the “due diligence” James. And thanks for the adherence to principles intended to keep BP free from “disguised” bias, @Scott Trench. BP is valuable BECAUSE it works hard to expose people who try to conceal their vested interests. More posts should start with “Full Disclosure, I Am …..”. I don’t mind someone pushing their product, as long as it’s acknowledged by them that they are bias because of it.

Private Mortgage Financing Partners, LLC
Website View Page
6
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Ryan Arth
Developer · Cleveland / Akron, OH · Member since 2008 · 922 posts · 399 votes
1y
I noticed the name discrepancy with a FB profile with the other name.
There is a lot of condescension in his posts, often degnigrating those who say anything counter to his opinions. And in general there is a lot of downplaying of risk in the pursuit of pure ROI.

None of that is wrong I guess, it's just not my style.
I think that Jim asks a valid question though, and one that the community and Bob's potential clients would be better off having some clarity on. I also think that it might help Bob to clear up the confusion.
5
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Jill F.
Investor · Akron, OH · Member since 2016 · 2k+ posts · 4k+ votes
1y
Bob has been giving bad advice for some time. Additionally, his ugly, nasty, condescending behavior has been called out many times by many members (including me). Fraud is a high bar to finally do something about a member that has been so problematic for so long. James, Thank you for finding something that may finally cause some action to be taken.
5
Topic locked
James Wise
OP
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
1y
Quote from @Jill F.:

Bob has been giving bad advice for some time. Additionally, his ugly, nasty, condescending behavior has been called out many times by many members (including me). Fraud is a high bar to finally do something about a member that has been so problematic for so long. James, Thank you for finding something that may finally cause some action to be taken.

Are you saying "don't read, don't research, stay off the internet, just connect with a team" isn't great advice?
6
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Alan F.
Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
1y
Quote from @James Wise:

Quote from @Jill F.:

Bob has been giving bad advice for some time. Additionally, his ugly, nasty, condescending behavior has been called out many times by many members (including me). Fraud is a high bar to finally do something about a member that has been so problematic for so long. James, Thank you for finding something that may finally cause some action to be taken.

Are you saying "don't read, don't research, stay off the internet, just connect with a team" isn't great advice?
But we'll loose all the "Bobisms" lol
3
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Eric Gerakos
Investor · Costa Mesa, CA · Member since 2016 · 1k+ posts · 1k+ votes
1y
Nice work, James.
0
Topic locked
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
1y
Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Well James I was referring people to them but have stopped months ago. No idea about their license. I never had anything to do with their day to day.
0
Topic locked
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
1y
Quote from @Jay Hinrichs:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

not only that he advocates buying the most risky property in Cleveland IE east side hoody stuff.. He then showed me some stuff in Jackson MS same thing the hood.. Investors if they follow his advice are going to get hosed in that market as well.

this is just like the Sub to guys that post under different names.. @Scott Trench and his team have done a good job with the sub to guys they got removed but came back a few months ago and of course the post on all sub to threads and at first just normal responses like they did not really understand the bizz.. But could not help themselves and just went right back into their same ole schtick..

Of course there are plenty of turn key providers that suggest folks buy in the roughest areas no crime in that but 15 to 20% caps which is what he spouts constantly with no acknowledgement that he is really selling these properties .. He touts himself as owning 500 of them.. when in fact I suspect but dont know for sure.. the 500 is how many he has sold he might very well own 100s of homes so as he likes to say on BP he can live in FLA and never needs to go CLE.

Lastly Jim I am surprised it took you this long :) AS you know one of the main rules on BP is operators / sponsor etc are suppose to divulge that they are in business and not pretend they are something else and they do it by Omission .

Jay I must say I am a bit surprises to see you jump on the JW bandwagon as I have always supported your comments and have posted many times how much respect I have for you. If you read my posts I ALWAYS said, "you can buy in those areas IF you have a team that knows what they are doing". I also said NOT in all areas of the " hood" always say, certain areas." I have been 100% spot on with all my suggestions in ALL of the Cleveland markets over the last 10 years. I am certain you are aware all areas have increase, 2, 3 ,4 times over the last 10 years, YES even PARTS of EAST CLEVELAND. Also, I put my money where my mouth is. I have props in the same areas. You cannot find one person anywhere that will talk bad about me, as I always " do my job" and more.
Jackson, as mentioned we were going to buy there, but never did. We had 3 props under contract but could not find reasonably priced contractors so never purchased there. But if we did, again, we would be buying right alongside clients in the same neighborhoods. See unlike realtors who care about one thing, making the sale, we are with clients for years. So, if they have an issue, we are there for them,
All the best
0
Topic locked
James Wise
OP
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
1y
Quote from @Bob S.:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Well James I was referring people to them but have stopped months ago. No idea about their license. I never had anything to do with their day to day.

So you don't own 5 points and never have? Who does own 5 points? It's the only brokerage I've seen where it looks damn near impossible to see who the Broker/Owner is.
Additionally, if you are not the owner of 5 points, how is your "team" handling property management for all of your out of state and out of country clients when you are not a licensed Broker, nor do you own a licensed property management company?
1
Topic locked
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
1y
Quote from @Ryan Arth:

I noticed the name discrepancy with a FB profile with the other name.
There is a lot of condescension in his posts, often degnigrating those who say anything counter to his opinions. And in general there is a lot of downplaying of risk in the pursuit of pure ROI.

None of that is wrong I guess, it's just not my style.
I think that Jim asks a valid question though, and one that the community and Bob's potential clients would be better off having some clarity on. I also think that it might help Bob to clear up the confusion.

Hello, I sent Rene an email happy to speak with you as well. You will not find one client from anywhere that will talk bad about me. I go above and beyond for all.
0
Topic locked
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
1y
Quote from @Bob S.:

Quote from @Jay Hinrichs:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

not only that he advocates buying the most risky property in Cleveland IE east side hoody stuff.. He then showed me some stuff in Jackson MS same thing the hood.. Investors if they follow his advice are going to get hosed in that market as well.

this is just like the Sub to guys that post under different names.. @Scott Trench and his team have done a good job with the sub to guys they got removed but came back a few months ago and of course the post on all sub to threads and at first just normal responses like they did not really understand the bizz.. But could not help themselves and just went right back into their same ole schtick..

Of course there are plenty of turn key providers that suggest folks buy in the roughest areas no crime in that but 15 to 20% caps which is what he spouts constantly with no acknowledgement that he is really selling these properties .. He touts himself as owning 500 of them.. when in fact I suspect but dont know for sure.. the 500 is how many he has sold he might very well own 100s of homes so as he likes to say on BP he can live in FLA and never needs to go CLE.

Lastly Jim I am surprised it took you this long :) AS you know one of the main rules on BP is operators / sponsor etc are suppose to divulge that they are in business and not pretend they are something else and they do it by Omission .

Jay I must say I am a bit surprises to see you jump on the JW bandwagon as I have always supported your comments and have posted many times how much respect I have for you. If you read my posts I ALWAYS said, "you can buy in those areas IF you have a team that knows what they are doing". I also said NOT in all areas of the " hood" always say, certain areas." I have been 100% spot on with all my suggestions in ALL of the Cleveland markets over the last 10 years. I am certain you are aware all areas have increase, 2, 3 ,4 times over the last 10 years, YES even PARTS of EAST CLEVELAND. Also, I put my money where my mouth is. I have props in the same areas. You cannot find one person anywhere that will talk bad about me, as I always " do my job" and more.
Jackson, as mentioned we were going to buy there, but never did. We had 3 props under contract but could not find reasonably priced contractors so never purchased there. But if we did, again, we would be buying right alongside clients in the same neighborhoods. See unlike realtors who care about one thing, making the sale, we are with clients for years. So, if they have an issue, we are there for them,
All the best

Bob your missing the point. The point is: from what I see:

1. Stevens is not your real last name or is it or who is Bob Prisco? ! why hide?
2. U do not acknowledge your in business to sell these properties you lead people to believe you own them all. ( and again I have no clue how many you may or many not own).
3. Clearly violating the BP rules by Omission.

However its up to BP to decide if your posting style is acceptable. And I like to think I helped you not make a HUGE mistake by investing in South Jackson MS which is simply unsustainable for OOS investors 90% of the time regardless of contractors.
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
3
Topic locked
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
1y
Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Well James I was referring people to them but have stopped months ago. No idea about their license. I never had anything to do with their day to day.

So you don't own 5 points and never have? Who does own 5 points? It's the only brokerage I've seen where it looks damn near impossible to see who the Broker/Owner is.
Additionally, if you are not the owner of 5 points, how is your "team" handling property management for all of your out of state and out of country clients when you are not a licensed Broker, nor do you own a licensed property management company?

James this post was 100% uncalled for. I am one of the good guys there. Find one person that says they were, " not treated well " by me, not going to happen. I was using them for PM, no longer. Team, on call maintenance man, attorney available when needed and me to provide any guidance. What more do you need? DUDE this was not cool.
0
Topic locked
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
1y
Quote from @Jay Hinrichs:

Quote from @Bob S.:

Quote from @Jay Hinrichs:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

not only that he advocates buying the most risky property in Cleveland IE east side hoody stuff.. He then showed me some stuff in Jackson MS same thing the hood.. Investors if they follow his advice are going to get hosed in that market as well.

this is just like the Sub to guys that post under different names.. @Scott Trench and his team have done a good job with the sub to guys they got removed but came back a few months ago and of course the post on all sub to threads and at first just normal responses like they did not really understand the bizz.. But could not help themselves and just went right back into their same ole schtick..

Of course there are plenty of turn key providers that suggest folks buy in the roughest areas no crime in that but 15 to 20% caps which is what he spouts constantly with no acknowledgement that he is really selling these properties .. He touts himself as owning 500 of them.. when in fact I suspect but dont know for sure.. the 500 is how many he has sold he might very well own 100s of homes so as he likes to say on BP he can live in FLA and never needs to go CLE.

Lastly Jim I am surprised it took you this long :) AS you know one of the main rules on BP is operators / sponsor etc are suppose to divulge that they are in business and not pretend they are something else and they do it by Omission .

Jay I must say I am a bit surprises to see you jump on the JW bandwagon as I have always supported your comments and have posted many times how much respect I have for you. If you read my posts I ALWAYS said, "you can buy in those areas IF you have a team that knows what they are doing". I also said NOT in all areas of the " hood" always say, certain areas." I have been 100% spot on with all my suggestions in ALL of the Cleveland markets over the last 10 years. I am certain you are aware all areas have increase, 2, 3 ,4 times over the last 10 years, YES even PARTS of EAST CLEVELAND. Also, I put my money where my mouth is. I have props in the same areas. You cannot find one person anywhere that will talk bad about me, as I always " do my job" and more.
Jackson, as mentioned we were going to buy there, but never did. We had 3 props under contract but could not find reasonably priced contractors so never purchased there. But if we did, again, we would be buying right alongside clients in the same neighborhoods. See unlike realtors who care about one thing, making the sale, we are with clients for years. So, if they have an issue, we are there for them,
All the best

Bob your missing the point. The point is: from what I see:

1. Stevens is not your real last name or is it or who is Bob Prisco? ! why hide? How is it hidden? Look at my Profile, my entire life is there?
2. U do not acknowledge your in business to sell these properties you lead people to believe you own them all. ( and again I have no clue how many you may or many not own). Not what I said, I said, I buy in the same neighborhoods. So, If I am buying, I am putting my money where my mouth is. I would never sell a prop to anyone where I personally would not buy. I am also there for them when there is an issue vs just saying you bought it not my issue.
3. Clearly violating the BP rules by Omission. Not really sure how?

However its up to BP to decide if your posting style is acceptable. And I like to think I helped you not make a HUGE mistake by investing in South Jackson MS which is simply unsustainable for OOS investors 90% of the time regardless of contractors.

0
Topic locked
James Wise
OP
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
1y
Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Well James I was referring people to them but have stopped months ago. No idea about their license. I never had anything to do with their day to day.

So you don't own 5 points and never have? Who does own 5 points? It's the only brokerage I've seen where it looks damn near impossible to see who the Broker/Owner is.
Additionally, if you are not the owner of 5 points, how is your "team" handling property management for all of your out of state and out of country clients when you are not a licensed Broker, nor do you own a licensed property management company?

James this post was 100% uncalled for. I am one of the good guys there. Find one person that says they were, " not treated well " by me, not going to happen. I was using them for PM, no longer. Team, on call maintenance man, attorney available when needed and me to provide any guidance. What more do you need? DUDE this was not cool.

Well Bob, the issue is everything about what you say and do is so far from truthful I don't even think you realize it.

For starters, you are using a fake name, you have been asked about it multiple times and are not answering the question.

You just posted the following

___

This is in direct conflict with what you posted below. If someone were so inclined they could go through your post history and find example upon example upon example of conflicting statements like this one.

___

On top of that, you keep saying that nobody will be able to find one person who has had issues with you. I have had several people email me about you over the years. Now to clarify, I know how butthurt inexperienced investors can get when investing in Cleveland and not understanding how things go, so I am not taking their accusations at face value, it's not my fight, but it just goes to further illustrate that you have no regard for the truth when you speak.

___

1
Topic locked
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
1y
Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Well James I was referring people to them but have stopped months ago. No idea about their license. I never had anything to do with their day to day.

So you don't own 5 points and never have? Who does own 5 points? It's the only brokerage I've seen where it looks damn near impossible to see who the Broker/Owner is.
Additionally, if you are not the owner of 5 points, how is your "team" handling property management for all of your out of state and out of country clients when you are not a licensed Broker, nor do you own a licensed property management company?

James this post was 100% uncalled for. I am one of the good guys there. Find one person that says they were, " not treated well " by me, not going to happen. I was using them for PM, no longer. Team, on call maintenance man, attorney available when needed and me to provide any guidance. What more do you need? DUDE this was not cool.

Well Bob, the issue is everything about what you say and do is so far from truthful I don't even think you realize it.

For starters, you are using a fake name, you have been asked about it multiple times and are not answering the question.

You just posted the following

___

This is in direct conflict with what you posted below. If someone were so inclined they could go through your post history and find example upon example upon example of conflicting statements like this one.

___

On top of that, you keep saying that nobody will be able to find one person who has had issues with you. I have had several people email me about you over the years. Now to clarify, I know how butthurt inexperienced investors can get when investing in Cleveland and not understanding how things go, so I am not taking their accusations at face value, it's not my fight, but it just goes to further illustrate that you have no regard for the truth when you speak.

___

So, James what you have posted is irrelevant, What's conflicting? So saying we have been buying in those areas for years, what's wrong with that? JW am I really that much of a threat to you, (you have made millions) and your biz? Why post all this BS?
0
Topic locked
James Wise
OP
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
1y
Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Well James I was referring people to them but have stopped months ago. No idea about their license. I never had anything to do with their day to day.

So you don't own 5 points and never have? Who does own 5 points? It's the only brokerage I've seen where it looks damn near impossible to see who the Broker/Owner is.
Additionally, if you are not the owner of 5 points, how is your "team" handling property management for all of your out of state and out of country clients when you are not a licensed Broker, nor do you own a licensed property management company?

James this post was 100% uncalled for. I am one of the good guys there. Find one person that says they were, " not treated well " by me, not going to happen. I was using them for PM, no longer. Team, on call maintenance man, attorney available when needed and me to provide any guidance. What more do you need? DUDE this was not cool.

Well Bob, the issue is everything about what you say and do is so far from truthful I don't even think you realize it.

For starters, you are using a fake name, you have been asked about it multiple times and are not answering the question.

You just posted the following

___

This is in direct conflict with what you posted below. If someone were so inclined they could go through your post history and find example upon example upon example of conflicting statements like this one.

___

On top of that, you keep saying that nobody will be able to find one person who has had issues with you. I have had several people email me about you over the years. Now to clarify, I know how butthurt inexperienced investors can get when investing in Cleveland and not understanding how things go, so I am not taking their accusations at face value, it's not my fight, but it just goes to further illustrate that you have no regard for the truth when you speak.

___

So, James what you have posted is irrelevant, What's conflicting? So saying we have been buying in those areas for years, what's wrong with that? JW am I really that much of a threat to you, (you have made millions) and your biz? Why post all this BS?

Bob - Stop deflecting. The questions are clear, explain yourself.
2
Topic locked
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
1y
Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Well James I was referring people to them but have stopped months ago. No idea about their license. I never had anything to do with their day to day.

So you don't own 5 points and never have? Who does own 5 points? It's the only brokerage I've seen where it looks damn near impossible to see who the Broker/Owner is.
Additionally, if you are not the owner of 5 points, how is your "team" handling property management for all of your out of state and out of country clients when you are not a licensed Broker, nor do you own a licensed property management company?

James this post was 100% uncalled for. I am one of the good guys there. Find one person that says they were, " not treated well " by me, not going to happen.  I was using them for PM, no longer. Team, on call maintenance man, attorney available when needed and me to provide any guidance.  What more do you need? DUDE this was not cool.

Well Bob, the issue is everything about what you say and do is so far from truthful I don't even think you realize it.

For starters, you are using a fake name, you have been asked about it multiple times and are not answering the question.

You just posted the following

___

This is in direct conflict with what you posted below. If someone were so inclined they could go through your post history and find example upon example upon example of conflicting statements like this one.

___

On top of that, you keep saying that nobody will be able to find one person who has had issues with you. I have had several people email me about you over the years. Now to clarify, I know how butthurt inexperienced investors can get when investing in Cleveland and not understanding how things go, so I am not taking their accusations at face value, it's not my fight, but it just goes to further illustrate that you have no regard for the truth when you speak.

___

so this post saying I sold props and never renovated them. NEVER IN a million years . That post is 100% fake. I do not even know who that is. I have never once been accused of that or had even one attorney contact me for any impropriators as there has never been one. WOW, You really are threatened buy me
0
Topic locked
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
1y
Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Well James I was referring people to them but have stopped months ago. No idea about their license. I never had anything to do with their day to day.

So you don't own 5 points and never have? Who does own 5 points? It's the only brokerage I've seen where it looks damn near impossible to see who the Broker/Owner is.
Additionally, if you are not the owner of 5 points, how is your "team" handling property management for all of your out of state and out of country clients when you are not a licensed Broker, nor do you own a licensed property management company?

James this post was 100% uncalled for. I am one of the good guys there. Find one person that says they were, " not treated well " by me, not going to happen. I was using them for PM, no longer. Team, on call maintenance man, attorney available when needed and me to provide any guidance. What more do you need? DUDE this was not cool.

Well Bob, the issue is everything about what you say and do is so far from truthful I don't even think you realize it.

For starters, you are using a fake name, you have been asked about it multiple times and are not answering the question.

You just posted the following

___

This is in direct conflict with what you posted below. If someone were so inclined they could go through your post history and find example upon example upon example of conflicting statements like this one.

___

On top of that, you keep saying that nobody will be able to find one person who has had issues with you. I have had several people email me about you over the years. Now to clarify, I know how butthurt inexperienced investors can get when investing in Cleveland and not understanding how things go, so I am not taking their accusations at face value, it's not my fight, but it just goes to further illustrate that you have no regard for the truth when you speak.

___

So, James what you have posted is irrelevant, What's conflicting? So saying we have been buying in those areas for years, what's wrong with that? JW am I really that much of a threat to you, (you have made millions) and your biz? Why post all this BS?

Bob - Stop deflecting. The questions are clear, explain yourself.

I have many times. I have nothing to hide. My entire life pops up on google. My profile lists all my social media platforms. Zero to hide. NOT ONE person can say I sold them a prop and never renovated it or " did my job " ever.
0
Topic locked
James Wise
OP
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
1y
Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Well James I was referring people to them but have stopped months ago. No idea about their license. I never had anything to do with their day to day.

So you don't own 5 points and never have? Who does own 5 points? It's the only brokerage I've seen where it looks damn near impossible to see who the Broker/Owner is.
Additionally, if you are not the owner of 5 points, how is your "team" handling property management for all of your out of state and out of country clients when you are not a licensed Broker, nor do you own a licensed property management company?

James this post was 100% uncalled for. I am one of the good guys there. Find one person that says they were, " not treated well " by me, not going to happen.  I was using them for PM, no longer. Team, on call maintenance man, attorney available when needed and me to provide any guidance.  What more do you need? DUDE this was not cool.

Well Bob, the issue is everything about what you say and do is so far from truthful I don't even think you realize it.

For starters, you are using a fake name, you have been asked about it multiple times and are not answering the question.

You just posted the following

___

This is in direct conflict with what you posted below. If someone were so inclined they could go through your post history and find example upon example upon example of conflicting statements like this one.

___

On top of that, you keep saying that nobody will be able to find one person who has had issues with you. I have had several people email me about you over the years. Now to clarify, I know how butthurt inexperienced investors can get when investing in Cleveland and not understanding how things go, so I am not taking their accusations at face value, it's not my fight, but it just goes to further illustrate that you have no regard for the truth when you speak.

___

So, James what you have posted is irrelevant, What's conflicting? So saying we have been buying in those areas for years, what's wrong with that? JW am I really that much of a threat to you, (you have made millions) and your biz? Why post all this BS?

Bob - Stop deflecting. The questions are clear, explain yourself.

I have many times. I have nothing to hide. My entire life pops up on google. My profile lists all my social media platforms. Zero to hide. NOT ONE person can say I sold them a prop and never renovated it or " did my job " ever.

Again, this is the issue here. You are deflecting and being deliberately unclear in your statements. I clearly illustrated there is at least one customer saying they have issues. Is he right or wrong? I dunno, like I said not my fight. I even gave you the olive branch and acknowledged how butthurt new investors can get. But the fact remains someone is saying that so why do you keep saying nobody is saying they have an issue with you?
Hell I wasn't even going to bring up the emails with customer complaints as that isn't one of my core questions on you, but you forced me to bring them up when instead of answering the questions, you kept on lying and saying there were no customers out there who had an issue with you.

Saying there are no customers who have ever had an issue with you is a ridiculously stupid and false thing for any business owner to say.  Just explain the situation using facts dude. There are tons of threads on BP where some newbie investor came after HoltonWise and I go in there and explain my case using facts, data and evidence. Do the same.

Take the opportunity to directly explain the questions posed here.

1. Why use an alias? Prisco vs Stevens?

2. What happened with 5 Points?

3. Who owns 5 Points?

4. How are you handling property management for all of your out of town clients?
2
Topic locked
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
1y
Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

Quote from @Bob S.:

Quote from @James Wise:

I'm sure a lot of you have seen BP member Bob Stevens all over the forums telling people all about his 15% net cap Cleveland rental properties and the importance of his team.
If you do a little digging you see that there is this other guy named Bob Prisco. Bob Prisco looks, acts, and talks exactly like BP member Bob Stevens so I assume they are one in the same. Bob Stevens/Prisco sells turnkey properties and has websites advertising a complete turnkey experience where they handle all rehab and property management for out of state and out of country investors.
___
___
So having said all of the above, I got really confused when Bob was giving some BP members the advice that they didn't need a property manager in Cleveland. All they needed was a "team" to handle everything for them?
Well who the hell is on this "team" if there isn't a property manager?
What exactly does this "team" do if they don't manage your property?
Beyond the obvious questions of what this "team" does, I was very confused by Bob's comments as I was under the impression that Bob owned a Cleveland property management company called 5 Points Property Management.
___
___
___
___
___
___
___
And if all of the above wasn't confusing enough, I went to see who is currently the owner of 5 Points since Bob says he has no involvement despite the conflicting info above, and I find out that 5 Points has had their license suspended.
___
___
Now I am not making any outright accusations here, but the whole thing smells pretty fishy, and I think Bob Prisco / Stevens owes the BP community an explanation as to what's all going on here.

Well James I was referring people to them but have stopped months ago. No idea about their license. I never had anything to do with their day to day.

So you don't own 5 points and never have? Who does own 5 points? It's the only brokerage I've seen where it looks damn near impossible to see who the Broker/Owner is.
Additionally, if you are not the owner of 5 points, how is your "team" handling property management for all of your out of state and out of country clients when you are not a licensed Broker, nor do you own a licensed property management company?

James this post was 100% uncalled for. I am one of the good guys there. Find one person that says they were, " not treated well " by me, not going to happen. I was using them for PM, no longer. Team, on call maintenance man, attorney available when needed and me to provide any guidance. What more do you need? DUDE this was not cool.

Well Bob, the issue is everything about what you say and do is so far from truthful I don't even think you realize it.

For starters, you are using a fake name, you have been asked about it multiple times and are not answering the question.

You just posted the following

___

This is in direct conflict with what you posted below. If someone were so inclined they could go through your post history and find example upon example upon example of conflicting statements like this one.

___

On top of that, you keep saying that nobody will be able to find one person who has had issues with you. I have had several people email me about you over the years. Now to clarify, I know how butthurt inexperienced investors can get when investing in Cleveland and not understanding how things go, so I am not taking their accusations at face value, it's not my fight, but it just goes to further illustrate that you have no regard for the truth when you speak.

___

So, James what you have posted is irrelevant, What's conflicting? So saying we have been buying in those areas for years, what's wrong with that? JW am I really that much of a threat to you, (you have made millions) and your biz? Why post all this BS?

Bob - Stop deflecting. The questions are clear, explain yourself.

I have many times. I have nothing to hide. My entire life pops up on google. My profile lists all my social media platforms. Zero to hide. NOT ONE person can say I sold them a prop and never renovated it or " did my job " ever.

Again, this is the issue here. You are deflecting and being deliberately unclear in your statements. I clearly illustrated there is at least one person saying that. Is he right or wrong? I dunno, like I said not my fight. I even gave you the olive branch and acknowledged how butthurt new investors can get. But the fact remains someone is saying that so why do you keep saying nobody is saying it? Just explain the situation using facts dude. There are tons of threads on BP where some newbie investor came after HoltonWise and I go in there and explain my case using facts, data and evidence. Do the same.

Take the opportunity to directly explain the questions posed here.

1. Why use an alias? Prisco vs Stevens?

2. What happened with 5 Points?

3. Who owns 5 Points?

4. How are you handling property management for all of your out of town clients?

That person saying that is 100% FOS. I would love to speak to that person, again no clue who they are. 5 points NO Idea what happen, I stopped recommending people to them months ago.

As stated, if an owner has the rent checks go directly to them, tenants call a Maintenace coordinator to handle repairs, and have an attorney, what more do they need ?

Dude I am done with this. You bashed me in an open forum, not cool at all since there is NOT ONE complaint
about me anywhere. Just click on my profile, again, my entire life comes up.

Good luck ,
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