All Forum Posts by: Hanna J.

Be aware of Mike Fisher (IL License # 475182456)! He was my property manger but I am not happy with his services at all. He is dishonest and not communicative, and takes advantage of owners. He sent my account to the collection agency without communicating with me properly, and asked me to pay for the bounced check written by the tenant over 5 months ago. He didn't take any timely action against the tenant as a property manager, rather waited 5 months to chase after the easy money from the owner who in the first place, hired him to do the job. I do not recommend Mike Fisher nor any of the companies related to him, Get Cashflow Today, CAB properties, Kambri Realty(Lice #481012920) to anyone.

Anyone knows how I should respond to the collection agency? I already explained to them the situation and they said they will ADD the tenant to the case as well but doesn't mean I am out of it...   

Thank you all so much for replies. My contract with PM doesn't specify this particular situation with the bounced check. PM contacted me to pay the balance in December and I refused to do so since I couldn't understand why I am responsible for the bounced check back 6 months ago! I explained the situation to the collection agency and they seem to understand and said they will ask the tenant's contact info to the PM.

Hi all, I'd like to see your advice on my very weird situation with my ex-property manager in Chicago- Get Cashflow Today. They just sent my account to collection agency, asking me to pay the bounced check happened in July 2018.

I worked with them about a year on my Oak Lawn property and they've been collecting checks and disbursing funds to me. Tenant left in July 2018 and I sold this property through a Realtor referred by this PM in Nov. 2018. I paid all the balance due before closing the sale transaction obviously.

In December 2018, Get Cashflow Today contacted me and asked me to pay them $2700 for the bounced check  from the tenant back in July 2018! PM claims that I have their money because check was bounced. 

First off, I don't understand how checks can be cleared at first and then bounced? Is this possible in Illinois? If this logic makes sense, any property owners can be responsible for the "bounced checks" months or years after they are collected and disbursed?

Second of all, Why on earth PM waited for 6 months to notify me? I am pissed that they think I should be responsible for their mismanagement.

Please share your opinions and advices on how I should response to this matter...

Hi Bert

Did you end up buying a property with National real estate?

I've been looking at their properties too but I was disappointed that their tax projection was much less than the one I can find on the county website..more than $1000/year difference which will affect the return% a lot. What's your experience with them if you don't mind sharing?

thanks!!

Wow, this topic is exactly what I myself was curious about... it seems investors are hesitant to buy in SF market in particular, so I wasn't sure how other markets are like. I am looking at Florida market but cashflow seems really tight... Anyone seeing any good cashflow deals in Florida these days? 

Thanks @TerryFox! But tax will be reset anyways when a new buyer purchase the property, right?

Hi BP members,

I have a quick question for seasoned investors in Cape Coral FL.

I am actively looking for a deal there at the moment but I hear very different information from different people about the accurate tax and insurance info. Can you share how much of property tax and insurance I should expect when I purchase a brand new or newer home (less than 10 years old) in Cape Coral?

Thanks!!