All Forum Posts by: James Bolden

@ Stephen Turner, what did you decide to do?  I was securing HM with private lender but found a property in an area they did not want to invest in.  So, I am currently looking for funding for a purchase in the next few weeks.  I am also looking at Patch of Land.

very signicant content. 3 years and 1st eviction. Great guide.

@Chuy Gonzalez, strongly considering doing the same.  I will checkout Yelp.

Robert what I mean is I paid twice to have permit pulled. The city informed us that a permit would be required to start the work. They informed the PM that their maintenance crew could not perform the work. A state licensed professional was required. There were 3 permits required, Plumbing, electrical, and foundation. The PM could not get an acceptable foundation quote so I found a licensed company to do foundation repair and they pulled the permit, after working directly with me. I had several conversations with the city and PM to ensure the other 2 jobs were completed to code. The PM informed me several times that the work was complete, I paid for the service; however, city did not complete their final inspection because...permits were not pulled. After several months, I am assuming they got around to getting the plumbing permit, (because I was informed it was already done). To my surprise, I was billed for another plumbing permit.

Barry H. and Shaun Patterson, thanks for the feedback.  Barry, I hope I do not have to go through several PM(s), I have been informed that I have one of the best in the area.  So that leads me to believe that what Shaun is saying is valid.  Better service with 100+ doors.  I am just finding it difficult to continue to invest in the area and relying on this type of service from the PM.  I am not a big fan of home warranties but in this situation it just might work.    I am leaning towards removing the PM. 

Thanks again for the suggestions.

What's up BP?  I have a problem and I am looking for advise.  I have a property management company managing 1 SF unit that is about 5 hours away.  I have grown unsatisfied with their performance.  I feel like I have to constantly manage the PM; which leads to me being more hands on. I have no problem with this because I manage my local rental .  However, I am beginning to ask myself if I should cut my expenses and manage the long distance property myself?  I am currently disputing a charge with the PM over an expense that was previously paid, (this the second instance like this).  Their contractor did not complete a plumbing job; so they had to backtrack and get a permit pulled from the city.  The city informed us upfront that the permit was required and submitted the guidelines in writing.  I followed up with the City (something I should not have had to do) and PM several times.  I was ensured by the PM that all was taken care of.  Needless-to-say, several months were lost and I paid for the mishap.  Is this normal? Am I overreacting?

That is awesome! Looking forward to my 'officially official' day. Congrats!!!

Congrats! How many units did you acquire in this MF deal?

Welcome Hugo. I am sure you will use those poker skills with some of your future deals.

Thanks Amy E. I will add that tactic. On this project I wanted to guard my cost. In doing so, I had to breakdown entire rehab into small jobs rather than allowing GC to bid entire job. Hopefully this won't hurt my schedule. Thanks again.