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All Forum Posts by: Larissa Senna

Larissa Senna has started 0 posts and replied 7 times.

I began to watch his webinar and apparently, he wants you to pay $1k to use his "deal finder genie" software to find deals and then send the deals to him. My question is - if he has developed a "good" software (allegedly) and has a system in place, why would he pay $10k for people to find him deals using his platform and system if he could just pay an employee to find him deals? He could hire an assistant to sit in his office and work to find deals. He would spend less than 10k per deal. What makes me conclude that this is a scam. You will never make $10k. You will invest your $1k and lose your money. If 10 people believe in his bs and pay $1k, he makes 10k already. 

Post: Recent Experience with Nomad Lease

Larissa SennaPosted
  • Attorney
  • Posts 7
  • Votes 0

I found this :

Nomad Reviews | Read Customer Service Reviews of nomadlease.com (trustpilot.com)

Go to the lowest rates and read the comments. These comments seem legit. The ones showing 5 stars all look and sound the same, I'm sure they were paid for that. 

Post: Recent Experience with Nomad Lease

Larissa SennaPosted
  • Attorney
  • Posts 7
  • Votes 0
Quote from @Pranay Dua:

Hi 
Did you end up signing up with them ? How was your experience ? Can you send me a referral link if you are their client.


 did you sign up with them? Look into Ownerrez too. 

Post: Anyone have experience with Nomad?

Larissa SennaPosted
  • Attorney
  • Posts 7
  • Votes 0

I'm also in the same boat - trying to see if Nomad is a good option for me. I have two doors in the Dallas area. I tried to find a qualified tenant around May for about a month, I had everything in place (application, rental criteria, lease agreement, background check co., tours, etc) however, many applicants had evictions and poor credit history (low credit score doesn't bother me, but when you have 7-10 credit card and personal loans in default, it's a serious red flag.) The process was frustrating and exhausting, so mid-June I decided to do Airbnb because my units were vacant. I have been doing fairly well, taking in consideration the little time I'm on it, but it's a lot of work. I have to screen (chat with them) every new guest to make sure they have good reviews and the real purpose of their trip. There's also all the expenses w/ housecleaner and essentials for the house. I don't like the fact that you can't charge a deposit (even hotels charge $50/day as refundable deposit) and for all the work, I don't think it's worth it my time.

I would really appreciate feedback about Nomad services. I'm also going to look into Ziprent and a new one I've heard, Ownerrez. I would like to be somehow hands-on because based on my experience with property management companies, I do not like them, and I would not trust my units 100% with them. Here in Texas, the ones I had experience with, did not do much to maintain my properties. I want to be involved somehow, that's why I thought Nomad would be a good option because they give you thresholds to choose the level of involvement you can have. My husband is a general contractor so I'd def be using his company for handyman services, so I wouldn't need their vendors for that. I already have Smart locks installed, so I just really need help with finding good tenants and the initial screening/leasing process and responding to emergency calls/work orders.

Thanks

Post: Recent Experience with Nomad Lease

Larissa SennaPosted
  • Attorney
  • Posts 7
  • Votes 0

Same here. I'm looking for more info. There is a recent post from this year that doesn't say good things about them, as far as the organization of the company goes.

Quote from @Thomas Scott:

There is a flaw in the business model and thier internal processes need a lot of work.
First the good,
Yes, I got paid every month.
Nomad found me good renters.
Next the bad
Due to needing to make the guaranteed rent they rented my unit below market value
In communicating with Nomad they were disorganized, often sending conflicting messages and not aligned
Nomad offered to find me a repair company, that compnany charged $400 for a $25 dollar part and I was stuck with Nomad saying "not their problem" and the vendor saying Nomad was the client not me.
Nomad was horrible to my renters as their property management term ended. Nomad sent emails telling the renters to move out (I was fine if the renters stayed). Nomad also held the renter's deposit hostage even after I cleared the transfer with no damages to be charged.
I had to remind Nomad there is a difference between “can” and should” , while you “can” hold a deposit longer it “should” only be done when there is a question about damages.

My bank liked the guarantee, the disorganization inside Nomad and the horrible vendor management would cause me not to use them again. Our relationship has terminated.

Thanks a lot for your feedback, I was looking for recent reviews on Nomad. What are you using now?