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All Forum Posts by: Dre N.

Dre N. has started 0 posts and replied 43 times.

Post: First time rental property: Condo : West Chester PA

Dre N.Posted
  • New to Real Estate
  • Downingtown PA
  • Posts 43
  • Votes 34
Quote from @Sasha Peter:

Hi lovely people,

I am looking for a rental property in West Chester PA area. Would like to hear about the feedback on the area and neighborhood. Is it a good a neighborhood?

I visited yesterday West Chester area yesterday. It was good and enough happening place. Want to see other opinions about the area for rentals. 

It’s not in West Chester downtown. 
the property gives positive cash flow , so I am thinking about buying it. It’s a condo. 


 Hi Sasha,

Can you provide some more information about whereabouts your property is? I'm from West Chester so pretty familiar with it. 

Post: Tenant filed Civil case for security deposit

Dre N.Posted
  • New to Real Estate
  • Downingtown PA
  • Posts 43
  • Votes 34

That’s not bad. I recently had to pay my tenants back $6000 + my legal fees of about $2000.. so it could be worse! 

Post: Tenant filed Civil case for security deposit

Dre N.Posted
  • New to Real Estate
  • Downingtown PA
  • Posts 43
  • Votes 34

If you don’t have it in your lease already be sure to add something to the effect of not making updates/changes (specifically appliances in your case) without landlord approval. 

Not sure how it works in your state but the PA MDJ will update their dockets on the website as well so if that’s the case in your state you could get the information before it hits your mailbox. 

Post: Tenant filed Civil case for security deposit

Dre N.Posted
  • New to Real Estate
  • Downingtown PA
  • Posts 43
  • Votes 34
Quote from @Linda Thomas:
Quote from @Bruce Woodruff:
Quote from @Linda Thomas:
Quote from @Bruce Woodruff:
Quote from @Russell Brazil:

Youll be ok on most of the deductions. The paint I think youll lose on however. Most states require a landlord to repaint every 3-5 years. If they were there 8 years, it likely would need to be repainted regardless.


 I think she's just charging for the primer....?


 Yes just for primer to remediate the nicotine on the walls and ceiling and ceiling tiles, had to paint all of them in the two rooms. 


 I think that's very fair, and I can't see any judge objecting....


 I sure hope so, just hate going to court ugh. I will let you guys know how I make out haha. Wish me luck! thanks for all the help and support. Much appreciated.!


 Would be curious to know how this ended up when you have an update, good luck!

Post: Anyone have experience with Home365?

Dre N.Posted
  • New to Real Estate
  • Downingtown PA
  • Posts 43
  • Votes 34
Quote from @Christopher Heckmann:

I am looking to buy my first investment property in central PA and found a real estate agent I like who works with Home365. After reading this forum I'm not so sure. Does anyone have a good alternative in central Pennsylvania, Harrisburg/York area? Searching online, it seems all the property managers have awful reviews. 

Your results may vary, but the RE agent that I worked with to buy this property also works for Home365, he was great. 
I think they should separate the PM business from the brokerage business as I know of a couple agents on their team who are good and the sales team is likely are missing out on sales opportunities because of the awful service from the PM side casts a bad light on the entire company. 

Post: Anyone have experience with Home365?

Dre N.Posted
  • New to Real Estate
  • Downingtown PA
  • Posts 43
  • Votes 34
Quote from @Tim Walsh:

Great feedback, Dre. So sorry to hear that Home365 did you wrong, too.  In which location is that rental property of yours?  I'm still searching for Atlanta property manager for good south metro Atlanta area.  All the best.

Thanks. I’m in Lancaster PA. I would imagine results may vary based on your region. Several people in this thread have been in my market. 

Post: Anyone have experience with Home365?

Dre N.Posted
  • New to Real Estate
  • Downingtown PA
  • Posts 43
  • Votes 34
Quote from @Dre N.:

@Sane Tryark

My management fee suddenly went up this month too. They told me it is December and January combined, however they already charged me for December. So now I have to fight with them on this…


While I didn't get the above mentioned credit I did get a different credit from them. It took about 2 months and following up several times.

I had every intention of posting something positive about Home365 (to give credit where credit is due) as I transitioned away from their property management. However, of course the good time was short lived. I submitted 60 days notice to terminate my contract with them in mid December so mid February would end the property management agreement. Around mid January I checked in as I wanted a smooth transition as a tenant was just placed in December. I was told everything was on track to be transitioned out in February after the credits were applied to my account. A couple weeks go by (still in January) and I attempt to login to my account and I couldn't sign in. I text, no answer. I call, no answer. Email, no answer (this is typical). Since I can't sign in, I can't create a support ticket. My only option on their website was to submit a new customer form. I had an old support ticket so I replied to that to see if their support team would get back to me, which they did a day later. In the meantime, I found a number for someone who had reached out to me in their maintenance department and he was responsive. He confirmed that my property was no longer active in their system. Thanks for the heads up guys... Instead of having a smooth transition I’m still owed over $1000 in credits and rent is now due so I have to make sure the tenant doesn't pay the rent to Home365 as I'd have to then fight to get that back. Fortunately I had saved all documents from their website and was able to find the tenants email address as a starting point. I could no longer access my Home365 account to access my property files and they provided me no other information about the tenant.

Overall

Communication - terrible. You have to schedule meetings with the metro manager. You can barely call someone as things are an 800 number. You constantly have to check in on them throughout the rental process and typically get partial answers. Even when I got someone’s cell phone timely communication was slim. I once stopped into the office due to no response and even then it yielded no response.

While its great that I'm no longer a Home365 customer and got out a few weeks early, it wasn't a smooth ride. I had to find out on my own that my account was closed, they placed 3 bad tenants back to back (in 1 years time), and for the past 5 months I've been dealing with a tenant that lived in the property for less than 24 hours and is suing me for $25k because of Home365's "technology" and negligence. Their standard contract absolves them of their actions and hangs you out to dry so they can continue providing poor service to tenants and owners. Working with them is the biggest mistake of my real estate journey. This is my first rental and has been a terrible experience. The only reason I had to have a PM is the city I invest in requires you to have a PM if you don’t live close to the property otherwise I would have self managed. If I were managing the property my current legal situation would definitely not have occurred. I don't remember a time when I was this frustrated with a company.

Post: Ocean City Maryland Vacation Rental

Dre N.Posted
  • New to Real Estate
  • Downingtown PA
  • Posts 43
  • Votes 34
Quote from @Claudio Meira:

@Bill Ames

Sounds good. Definitely check if they are charging incoming guests as well. I usually tell people for the first season is to have the rental company manage since it gives a better sense of issues that come up and better ideas on pricing and how to handle customer issues. 

Two things, I completely forgot in my last update to flag which is another reason to do Self Management

1- Management companies won't allow hosts to have linens on the bed and in some cases towels. Guest in OC has to rent linens which can be pricey for several beds and weekly rental. 

Outside of the net revenue, that is probably one of the main reasons that I switched. I personally don't like guests renting linens and having them make the bed after a long journey on the road.  Additionally, the linens are sometimes not the best quality.

Not sure why they haven't allowed it. There is an initial sunk cost for linens and towels but I have gotten better reviews due to it. There are great places online where you can get affordable linens/towels.

2- The other main reason is that when you are with a rental company. Your VRBO and Airbnb listing will be done through their account. So any positive reviews you get will be under their account. In the sense that if you ever leave that management company, those reviews won't transfer to your account. I asked multiple rental companies if they will be willing to be co-host so if I decide to leave their management company in 1 or 2 years. I would still have those reviews under my account.  It's much harder to leave a management company if they have several years of reviews and you have to start from scratch after leaving them.


Do you do your own cleanings or have a cleaning company do it? Curious on what you’re doing to provide linens.  My cleaner works with a company to rent the linens per guest. 

Post: Anyone have experience with Home365?

Dre N.Posted
  • New to Real Estate
  • Downingtown PA
  • Posts 43
  • Votes 34

@Sane Tryark

My management fee suddenly went up this month too. They told me it is December and January combined, however they already charged me for December. So now I have to fight with them on this…

Post: Anyone have experience with Home365?

Dre N.Posted
  • New to Real Estate
  • Downingtown PA
  • Posts 43
  • Votes 34
Quote from @Scott Michael Gross:

Hi All- updating my experience. It's not good. My partner and I are quite frustrated... the onerate is barely covering anything (it has covered one bigger expense, so that is good). The problems listed in the last few posts have been my experience. Sometimes I think things are about to turn around with them and then something else that doesn't make sense pops up. Hopefully I come back in a few weeks and update for the better but I am not hopeful.

@Dre N. who is your agent?


 I'll PM you. While I only have good things to say about him, I don't want his name showing up in a negative light being associated with this post.