All Forum Posts by: Jim Tiernan

FYI I moved to CALLRAIL, so far so good. 10 local numbers for $30 a month

I'm doing some direct marketing and need a wholesaler on my team. I'm looking to find motivated sellers, and send the leads to the wholesaler to negotiate thru closing. And then split the wholesale fee. I'm looking for someone who is experienced, organized and easy to work with. Familiarity with Podio is a plus.

Anybody else doing this?

Wholesalers, no voting for yourself!

the problem property is in Lansing, IL 60438

The other is South Holland, IL 60473

yes, switching management companies is always an option.

thanks @Joel OwensI

@Keith Anderson and @Marco Santarelli

Marco, I've been listening to your podcasts recently.

I have no plans to buy more in Ilinois. The state is broke with lots of unfunded liabilities. This will mean higher taxes down the line. I will have to wait for the inevitable bankruptcy/crash and move to a right-to-work state. I think the state will flat line for years as people and compaines are moving due to high taxes and regulations. Indiana, Michigan and Wisconsin have recently become right-to-work state which will pull jobs and people from Illinois.

I talked to John Gutman on the phone. He acknowledged the poor communication. They actually served the tenant an eviction notice in 2014 but Illinois law makes it hard to evict in winter. I had no idea this was going on. They are instituting a investor portal 4Q2015-1Q2016 so the investor knows what's going on at all times. They will also credit me two months rent. Im hoping that things will get better going forward. My unit is still "For Rent", 4 months and counting...

@Larry Fried

thanks @Curt Davis, @Ali Boone, @Drew Castleberry, @Account Closed, @Larry Fried 

It's a single family. I'm supposed to talk with one of Mack's managers on Monday. I will keep you posted

I have a turn-key rental with Mack Companies in suburban Chicago that has been vacant for FOUR MONTHS!

A small sample of my issues with the management:

Finding out a tenant has moved out weeks after the fact. When the monthly statement came it showed a big fat 0 for rent. No communication. How hard is it to send a one sentence email that the tenant moved out?

Rent lowered by hundreds of dollars on a re-lease without a discussion or heads up.

Two months into vacancy I still don't have a tenant due to things like "it's a busy time of year". Really? You didn't factor in summer as a busy time of year in Chicago? Like this is different than any other summer? 

Two months into vacancy I'm then told the unit needs a refresh. Really? It took two months to figure that out? Shouldn't I have a list of needed repairs within a week of tenant moving out? I'm told the reason for the delay is the property "fell in a crack". In other words mis-managed.

Three months into vacancy I'm told "The timeliness of placing a tenant is affected by the change in market demand compounded with the specific location and property style. Well I'm pretty sure the location and property style hasn't changed.

Getting nowhere with the manager, At 3 1/2 months vacant I ask for a higher up manager who says my unit "has had a series of bad luck and unfortunately that may be the case with some real estate - remember, it is an investment not an annuity." Also he is "hoping to have a solution by Friday." I'm not holding my breath.

6 grand in lost rent and counting....

I've lost all faith in Mack Companies, buyer beware.

@Travis Sperr don't forget the yoga mats and scooters