All Forum Posts by: Jon Q.

@Thomas Balielan, sounds like this whole situation would have never happened to you if you had a professional property manager. Is there a reason you are trying to perform the services of a skilled, seasoned manager? If you had purchased a thoroughbred race horse, wouldn't you hire a professional jockey, trainer, veterinarian if you expect to beat the competition?

I know you are investing to win. Your team of professionals will help you be successful and if you choose the right people, you will be very successful and enjoy the benefits.

That IS NOT true. “Professional property managers” are not experts in the law. I attended law school, am a broker in three states and have had experiences with property managers across the country before I built a strategy where I self manage all my properties.

Hope you have a website or book to teach other landlords to self-managing their properties.

This Jon guy is something else, I've never seen anyone so aggressive in being so WRONG and clueless. The applicable law is EXACTLY what Property Managers ARE experts at (a) knowing (b) navigating and in (c) compliance there of. Literally half the exam for brokers license IS LAW. The continuing ed has applicable law components.

And why would a Property Management Professional need to have a book / website to teach others how to SELF-manage, it was advocating the use of Professionals, specifically, not some DIY-Edu.

Those whole thread has become drunk on stupid-punch. It seems facts and reality are not-welcome. Good luck Tom, let us know how the fines work out.

You’re clearly no “professional” nor experienced. Instead of actually respond to my comment, out of desperation, you resort to name calling and rude comments. Going forward, you’ll be ignored.

0 Votes

Riverside, California

Quote from @Thomas Balielan:

Quote from @Jon Q.:

Quote from @Matt Bishop:

I know you are investing to win. Your team of professionals will help you be successful and if you choose the right people, you will be very successful and enjoy the benefits.

Hope you have a website or book to teach other landlords to self-managing their properties.

I don’t sell books or tapes or provide property management services to anyone else. We property manage our own portfolio nationally.

0 Votes

Riverside, California

Quote from @James Hamling:

Quote from @Thomas Balielan:

Quote from @Jon Q.:

Quote from @Matt Bishop:

I know you are investing to win. Your team of professionals will help you be successful and if you choose the right people, you will be very successful and enjoy the benefits.

Hope you have a website or book to teach other landlords to self-managing their properties.

And why would a Property Management Professional need to have a book / website to teach others how to SELF-manage, it was advocating the use of Professionals, specifically, not some DIY-Edu.

Those whole thread has become drunk on stupid-punch. It seems facts and reality are not-welcome. Good luck Tom, let us know how the fines work out.

😆
I don’t sell books, tapes or bs like you do.
But thx.

0 Votes

Riverside, California

Quote from @James Hamling:

Quote from @Jon Q.:

Quote from @James Hamling:

Quote from @Jon Q.:

Quote from @James Hamling:

Quote from @Greg M.:

Quote from @James Hamling:

NOOOOO!!!! Do not ever admit guilt outside of a binding agreement that concludes the situation. If he admits guilt and the guy sues or files a complaint, he has killed his defense options.

Safest thing to do is stop communicating with the other person. If he must talk to them, "Sorry there was some confusion on your part about a service animal needed to be approved by me and written into the lease. For future reference, this is legally unnecessary. Should I have another vacancy, I'm happy to keep your application on file". Done!

If this post is an accurate record of what he did, he has no defense, none. he approved then yanked that for the service animal..... and leased to someone else.... he's got no defense. And from what I can tell he actually said it was due to the service animal so, yeah, it's done, he's F'd, all he has is the guy not taking actions.

By law there is no need or requirement to write a Service Animal into lease, so I get where your coming from I just don't think a campaign of lies is going to help him, if anything it shows acknowledgment of violation AND disregard for that violation. If he apologizes it at least shows good intent, and right now all he has is that, to show he ignorantly made a mistake.
Lies only compound problems.

I don’t agree.

End all communication with the person. Never admit guilt and it doesn’t matter anyway. What he says can be used against him. It’s very likely they’ll be no lawsuit.

Your saying some VERY wrong things in this post, showing you clearly do not have full knowledge of what your talking about. A Fair Housing violation costs $0.00 to file, there is no cost for the legal action. Not to mention the LOOOOooong list of disabled veterans groups happy to help on experiencing any form of discrimination in housing.

If you don't know the laws and regulations, please DON'T fake it.

REALLY? What specifically did I say that was “wrong”?

In case you’re wondering, I’ve attended law school and am a broker in 3 states.

And yet you don't have the most basic understandings of Fair Housing regulations, for whatever reason think it involves a civil suite process, and encourage persons to simply ignore fair housing violations, just ignore them, yup....... Your advice to O.P. was to lie through the teeth, ignore everything and lie. So, yeah, I believe you’re a liar, and most likely gave the advice by which you live your life; ignore and lie. And given the wildly incorrect statements on a very basic universally known thing by all ACTUAL brokers, yeah sorry Bud, not buying that load of prairie frisbees.

James,

To be clear, this was my response to the posted comment:

0 Votes

Riverside, California

What are you talking about?

I asked you specifically what I’m “wrong about”? You haven’t responded.

And your comment about me not understanding fair housing law is wrong.

I think you thought some other guys comment above was written by me. Before you assume, I really suggest that you read what I ACTUALLY wrote. 😆

In addition, I don’t appreciate the tone of your response. HOW you communicate is equally as important as WHAT you communicate. Some professional you are!

Good luck to you.

1 Vote

Riverside, California

Quote from @James Hamling:

Quote from @Jon Q.:

Quote from @James Hamling:

Quote from @Greg M.:

Quote from @James Hamling:

NOOOOO!!!! Do not ever admit guilt outside of a binding agreement that concludes the situation. If he admits guilt and the guy sues or files a complaint, he has killed his defense options.

I don’t agree.

End all communication with the person. Never admit guilt and it doesn’t matter anyway. What he says can be used against him. It’s very likely they’ll be no lawsuit.

If you don't know the laws and regulations, please DON'T fake it.

REALLY? What specifically did I say that was “wrong”?

In case you’re wondering, I’ve attended law school and am a broker in 3 states.

0 Votes

Riverside, California

Quote from @Hunter Reed:

Quote from @Jon Q.:

Quote from @Hunter Reed:

Thomas, if you have 10k-20k in cash reserves then $150 cashflow is fine. If you have little to no cash reserves then the investment becomes significantly more risky. As you hold the property the property will appreciate overtime. If you can add value through a rehab this will increase cash flow. Over the years rents have typically increased by 1%-5% each year. Again, if you have solid reserves then you should defiantly pursue this investment.

“The property will appreciate over time”. DO NOT ASSUME THAT, especially in Pennsylvania that have markets that are not fast growing pop or job growth.

😆 Do you understand market cycles and where we are now in the market cycle?

Actually, I do understand the market cycle we are currently facing. The housing market is in a correction phase. Holding the property 5-10 years the property will defiantly appreciate in value. As the dollar continues to be inflated prices are bound to go up. Is that true for this year and maybe the next 2 years, no it is not. I would never buy in an area unless I had solid calculations that the property would appreciate in the coming years.

FYI: Your “experience” on your profile… reads “0 years”.

0 Votes

Quote from @Thomas Corso:

Quote from @Hunter Reed:

Quote from @Jon Q.:

Quote from @Hunter Reed:

Some people act like condescending jerks on here. Like it’s okay to have healthy and professional speculation on tight margins and profits, etc. For anyone to pretend they definitively know “the future market cycle” or how things shape out, is outlandish and full of hubris.

Those “jerks” have much more experience than you do. FYI: me 25 years across 5 states and 8 cities. Broker in 3. Learn to be humble and open to learning from others more experienced than you are. That is much less painless than going bankrupt or spending years working for free.

I wish you the best.

0 Votes

Quote from @Hunter Reed:

Quote from @Jon Q.:

Quote from @Hunter Reed:

Wrong again.
no property will “definitely appreciate”. No one can tell for sure whether a property in a given market will appreciate and when. That said, I can project cash flow at a rate if 95%+.

0 Votes

Quote from @Matt Bishop:

I know you are investing to win. Your team of professionals will help you be successful and if you choose the right people, you will be very successful and enjoy the benefits.

0 Votes

Riverside, California

All Forum Posts by: Jon Q.

Jon Q. has started 101 posts and replied 1434 times.

Post: Disabled rental applicant sues landlord for discrimination

Post: Disabled rental applicant sues landlord for discrimination

Post: Disabled rental applicant sues landlord for discrimination

Post: Disabled rental applicant sues landlord for discrimination

Post: Disabled rental applicant sues landlord for discrimination

Post: Disabled rental applicant sues landlord for discrimination

Post: Duplex with small cash flow advice

Post: Duplex with small cash flow advice

Post: Duplex with small cash flow advice

Post: Disabled rental applicant sues landlord for discrimination