All Forum Posts by: Alana Nevares

Which states have you had good experiences with?

see personal message

Just to clarify... we have worked with three PM not sequentially, but at the same time, some we work with in some properties and some with others... eventually we will pick the best and switch them all to that

A roof repair for 800 even though the roofer said the roof did not need replacement... power wash for 300 and weeding for like 300, this was in Euclid, Oh.... i almost fainted when i learned that the weeds and power wash cost like 700... just to check a door 75 dollars service call... i agree the pm is not the best...we have worked with three of them... the last one we had we fired after there was a water leak that damaged the kitchen ceiling and cost us about 1000 + between unfruitful repairs ( took them 3 times to find the issue) and water bills of up to 300 one month... a total disaster

Thanks for sharing your thoughts

Hi, i had posted few months back, i invest in Cleveland (University heights, Cleveland Heights, Garfield, Euclid). Have 5 properties (1950s). We did inspections, being out of state we work with management companies, so far the experience with them has not been the best, as they don't think about us when deciding on repair costs and service calls are $75 for even checking a door. The worse experience has been Euclid with their inspections. 

After listening to so many podcasts, i can't believe the this is how it is for us. I think one problem is that each property cash flowed 200 to 300 per months and that does not seem enough. Also, perhaps it is the people that rehab their properties the ones that do make profit as they know how they did repairs and do them well. 

Quite frustrated at this point. Filling for taxes soon and hope that at least that part works. 

Should we just sell and walk out, or give it another year. We started a year ago.

thanks

yes, we did

We have few single families in University heights, Euclid and Garfield Heights. 

We should be making about 200 per door each month, however, repairs are compromising the returns. 

One of the properties was acquired 7 months ago and just had an 800 dollar bill on repairs (window, gutters, doors, and few other items). When do you know that it is time to let go from the property and that repairs are too many to hold on to it? Should I expect this with all 1950s properties? What can we do to minimize this.

Just the fact that i know they are outdated. I was not certain if this was a safety issue... the unit is vacant at thisntime, undergoing minor rehab and so not sure if it will cause issuesnin the future, thanks for your input

I purchased a duplex, built in 1950s. It has old electric panels. I am not certain that I should update them. Appreciate any input as far as to when should the panel be updated. thanks.