All Forum Posts by: Cheza M.

Hi everyone,

I hope you’re all doing well. I could really use some advice regarding selling my property in Ohio, Cleveland. A few years ago, I made the decision to invest in my first turnkey property out of state, hoping for a solid investment. Unfortunately, things haven’t gone as planned, and now I’m looking to sell.

I must admit, I’m quite inexperienced when it comes to selling real estate. I’ve enlisted the help of a property management company to assist me in the process. After a few months, we finally found a buyer, but I had to settle for less since I opted to sell the property as is to save on renovation costs.

To give you some background, I initially purchased the property for $155k. Now I'm selling it and the best offer I received was $95k, conventional with no inspection. However, I agreed to pay 3% in closing costs from my end. My remaining mortgage balance is around $94k, so you can see that I’m already facing a significant loss in selling this property.

I requested the closing documents to review all the associated fees and charges, and I was surprised to find that the out-of-pocket closing costs amount to $12,395.38. As someone new to selling property, I had expected to pay around $5k, so this figure seems quite high to me.

Also, I've already scheduled to sign the closing documents on Monday, April, 8. But I'm still a bit hesitant because of my lack of my knowledge about all of this. 

I’m reaching out to see if anyone has any advice on how I might be able to reduce these costs or if this is simply par for the course. Any insights or guidance would be immensely appreciated! Thank you all for taking the time to read this and for any help you can offer.

Attached is the image of the preliminary closing document for reference.

Hi BP Community,

I'm wondering if there's a website where I could view the eviction file record that's currently in progress in Ohio Cleveland? My PM told me that their attorney filed the eviction complaint on Nov 16th, but I'm still waiting for the hearing date. Does it usually take this long to get a court date? Does anyone know where I could confirm when the complaint was filed? Thank you guys!

Thanks, Nathan! Just want to make sure I'm doing everything correctly-- It's the "RE Salesperson or RE Broker Complaint" Then I fill out the attachment form and mail it to them?

 I might try it if nothing else works. 

Hi all,

I've been having this issue w/ my former PM about wiring the rent that I'm still attempting to resolve . I emailed them a week ago about not receiving the previous month's rent but they told me that they already sent it. I've provided them a screenshot of all the transactions or wire transfers that I've received from their company which of course doesn't include the previous month because I didn't receive anything. They then told me that the person who handles their wires told them that there was a problem with my voided check that it had different numbers, so I then took a photo of my check and sent it over to them last week. I still haven't received any response from them, but I feel as though they're just making an excuses. I've recently changed my PM because of this issue. I always had to remind them about the rent every month because otherwise another month will pass without them transferring the funds. Even though it's only a month's worth of money, I'd like to know what would you guys do if you got a PM like this who doesn't give you your rent? I was thinking about hiring an attorney to handle this issue, but then again, lawyers aren't cheap. So are there any other options? What do you guys think? 

@Kevin Hoag

Please send me your recommendations

@Drew Sygit

Thanks for the response, Drew. So how is your company different the other PM companies? I’m going to be looking for a new PM to take over and replace my current one, so I’ll be searching and reaching out to PM companies and compare thier services, just like what you mentioned.

 Do you have his contact info?

Hi all,

I’m looking for a good PM who can help me replace my current PM right now. I’m having a hard time trusting the one I have right now and have an issue with them wiring the funds to me. Does anyone know any great PM who can help me replacr them and get my money back? Thanks alot!