All Forum Posts by: Ken Virzi

I am cash flowing in Gardena, not sure it will gentrify, but it has appreciated already and has potential to go up more with a halo effect of Rams Stadium etc. The place is less then 8 miles from Manhattan Beach pier. Still can find some C class cash flowing deals. 

 Dang I gotta open a preschool

My guess would be Austin. People want to live there, there is a growing tech industry, and it is a friendly business state.

 Well my mother grew up in the projects of Newark and had nothing so I am guessing her free spending is a reaction to that. Mine might be, but my siblings are not as tight fisted as I am in. I am one of 7 kids, and I was always a saver. I would strategically get pieces to a stereo, computer, tv system as a kid, asking for one piece each birthday and christmas for like 3 years before i had it all together. My siblings would get a boom box and it would be lost or broken the next year. So hard to say.

I am and always have been allergic to spending. Currently (not counting investment property income or expense), I spend about $500 a month total. I am really good at getting free food, I have unlimited everything on my cell phone for $22.50 a month. I do not pay for cable and utilities are included in my shared living space that I pay $285. I bet there are some months where I spend less than $400 easy. So I am saving up to 90% of my salary every month. It is almost like a game to me. Weird thing is, I did not learn this t home as my mom has always had a spending problem (not materialistic at all, she tends to spend on others, something I need to get better at actually)

Update, Valerie from the management side of Holton Wise contacted me today and apologized as there was a lot of false information given and money missing. I believe her when she says this is very rare and an anomaly. I believe is this were the tact taken from the beginning I might still be using their services. I am not completely done with James Wise he is a great business man and I do not blame him for trying to make money. I do blame him for putting the fast deal over relationship, and in this case that weakness should be looked at as it could be costly. 

Turns out the Holton Wise company made a mistake with my situation. It has been cleared up, but James Wise shows here that his first response was to blame me instead of taking the opportunity to consider he might be in the wrong and would go about rectifying it. I do not fault anyone for a mistake, they happen, but I don't want to be blamed when the company I am hiring screws up.

I am not angry. I just wanted to share my experience. The fact that prior to your post above I could barely get an email with more than three words shows me that you have lost the human factor of service. 

I think you are doing a great job of building a business. I think you could take a second look at customer service improvements.

You may have forgotten too, but the initial extra money I wanted used towards the down or the closing costs and was told to couldn’t. I did not argue but it is misleading to state that I sent Holton Wise to fund management services. In fact that was done very early. After close an agreement was sent without my request, but indeed it was my original intent to use the PM services. The rent was paid after I made it clear I wanted to move in a different direction. Your order of events to state your argument is actually completely wrong and this is one of the main reasons I went in a different direction. I have emails with date stamps to show that you are not correctly representing the facts.

I don’t assume it is intentional but is is disconcerting.

Good luck.

Actually I am still waiting on the forms I have yet to be sent either. I have not refused but simply asked a clarifying question and still have yet to be sent the cancellation even once. So you have false information. I have asked where the form is and am still waiting for an answer. 

As for the prorated rent for October it still is unaccounted for and just yesterday I was given an answer beyond “we don’t know” from your office. When I was told clearly by you that it was part of the closing costs, that was a wrong answer that took me lots of time to figure out.

You were paid to be my realator and closing things out such as making sure your client gets what’s due seems fair to me.

I recently purchased a property through them and decided to not use them for management. I made the decision based on the slow response time, amount of rental properties holton wise owns themselves, cost, and being given bad information (I still am trying to track down the prorated rent from October when I closed). They are now holding my money hostage and have charged me for services I did not authorize, request, or even know were done. I also am being required to sign a cancelation, but I never signed an agreement in the first place so they are not actually my PM. The entire operation seems like they have gotten too big and are just pushing things through, but it unfortunately also seems a bit unethical in regards to holding money that is not theirs and spending money that is not authorized as well.  

@David Zheng OK this is interesting. So when your pipe burst the insurance actually paid? I guess I am assuming that if I had a pipe burst they would say my plumbing was too old (which it is, will rehab the place when the current tenants move out). But you are saying insurance covered it. This is exactly the kind of information I am curious about. This surprises me. So was it easy to make the claim?