All Forum Posts by: Jacklyn Robins

@Preston Garcia We're in contract. I can tell you to stay as far away from Atlantic Property Management as possible. We ended up going with Gallagher and they did a great job, but it was sort of a too little, too late situation. 

@Melanie P. 17 units total. Some backstory here- the pandemic absolutely crushed my husband and I in Rochester. We lost so much money on every property due to non paying tenants and (poor property management) that we couldn't evict for over 2 years. We just decided to sell 4 properties in Rochester and are waiting for them to close within the next 30 days. So i'd say what we were doing wasn't working because i'll never invest in a blue state again. 

My bigger question is how to buy multiple properties in this high interest market.

@Matthew Masoud I guess my question here is- with the interest rates being so high right now, what would the strategic plan behind multiple refi's a year be (in this current market)? Happy to connect offline if you're open to it.

Hi everyone. Looking for some guidance on scaling our portfolio. We currently own 8 multi families combined in Dayton, OH and Rochester, NY. I was laid off in December and would like to start investing full time (because I don't want to go back to that corporate grind ever again!). I know there are "mentorship" programs I can join, but if there's anyone here who could provide some insight and would like to connect, please let me know. I'm based on Long Island, NY and looking to continue investing out of state.

Here's what I can tell about our experience with upstate NY. We invested in Rochester about 4 years ago and have 12 units. Everything was going well until 2020. Once the pandemic hit, everything changed. Tenants stopped paying rents and evictions were nearly impossible. Fast forward to now, our property management company sold the company to another team and we have yet to collect all rents dating back to August. Half our tenants don't pay and they're clearly professionals at this. Calling the city about their plumbing, the plumber comes and nothing is wrong. Basically saying we're slum lords when that's not the case at all. They just know how to work the system. Evictions are taking about 4-5 months and we've had to pay some tenants to leave because evictions were taking to long and they were destroying our properties.

Needless to say, come the new year, we're selling all of our properties in Rochester and reinvesting elsewhere.

@Julien Okey Hi there. My husband and I are investors in Dayton, but we're based in NY. Feel free to reach out.