All Forum Posts by: Jim Tiernan

Jim Mack , any comments on owners not getting paid? Or on the thousands of dollars I will need to get my properties back in shape after your terrible management? I'm sure if Mack/Oak Park Realty are reputable companies then you will cover those costs right? I also noticed the account of @John Gutman was closed at some point.

@Anthony Dante, here is my experience if you haven't seen it yet:

https://www.biggerpockets.com/forums/92/topics/217792-anybody-else-having-issues-with-mack-companies-in-chicago

Thanks @Kevin McCann, they do seem to be on top of things. 

FYI, it sounds like they have taken on a bunch of people who are jumping ship from Mack

I went with cabpropertiesllc dot com slash property-management

Talk to Jill

I switched management companies and was just informed that one of my Mack properties is really in bad shape. Water in the basement, mold in the basement, badly in need of tuck pointing and a new roof. The list goes on and one. Of course the old management company never informed me of any of this. 

@Jim Mack, would you care to comment?

Thanks @Wilson Cheung

@Jim Mack, Investors like myself have been told month after month after month that investor rent payments have been delayed due to the switch to a new accounting system. When will this system be complete? Every time I ask I hear things like "We are in the midst of a major accounting transition, quiet frankly the transition is taking much longer than we ever anticipated. We are working through it and are going as quick as possible." I am currently waiting an average of 65 days after rent is paid to receive it. When will this be fixed?

It looks like Mack filed for Bankruptcy: Tinley Park based-buyer of distressed homes files for Chapter 11 bankruptcy

http://www.chicagotribune.com/business/ct-mack-ind...

Thanks @Ryan Duffy, it sounds like our experiences are similar.