All Forum Posts by: Mann Phan

Totally would. Only problem is I live about 2300 miles away. 

I’m looking for reliable contractors in the Akron, Ohio area. I own several properties, and one is currently vacant and in need of repairs and upgrades before it’s move-in ready. My property manager has already provided a quote, but I’d like to explore other options and compare pricing.

If you or someone you know can help with repairs, upgrades, or general property maintenance, please feel free to message me. I’m looking for quality work at a fair price and am open to discussing the scope and timeline of the project.

Thanks in advance!

Hey BiggerPockets,

I really appreciate all the replies, advice, and guidance. I'm extremely grateful to have a community of real estate investors to reach out to for help. Shout out to @Bob Stevens—he helped me figure out some stuff with my property and had one of his guys out within a few hours, which ended up saving me a significant amount. I appreciate you, Bob, and thanks for the recommendation.

@Jimmy Lieu I did, but you are right I scaled too quickly, I guess I can attribute that to sitting on the bench trying to do as much "research" (2 years) as I could then I went all in. Also looking into BRRRR with some off market deals on investor lift. Any other sites you recommend?

@Marcus Auerbach appreciate the feedback, I also think 7200 for HVAC is a little high, I sourcing my own HVAC person. 

Thank you all for the advice, truly appreciate everyone taking the time to respond. So my PM just sent me a message and said there are no other options besides replacing the unit. If anyone has a solid HVAC person out in Cleveland ohio, specifically in Garfield Heights, please have them contact me on BP. Have a great weekend my fellow investors! 

Best as I could, Im located in California. 

Apologies, this was my first post so bear with me adding all the details, I do have a home warranty. I was part of this REI group called Real Wealth, on this site they have vetted REI teams in diffrent GEOS, definitely learning REI with some hard knocks, but I'm not going to stop. I have not agreed to anything yet which is why I'm posting on BP for guidance.

 For this particular property, I was working with a team from Real Wealth,  this house was advertised as a "Turnkey" property, went through inspection and all the due diligence. But I've had nothing but issues with it ever since. I just had to redo the grading and dry lock all of the basement because of leaking from the rain now this HVAC issue. If I replace this HVAC I'm already 10k in repairs on this property alone.  It's only been 1 year! 

Hello fellow BiggerPockets members,

I find myself in a bit of a bind with my real estate investments. Last year, I took an aggressive approach and purchased six rental properties in the Midwest, specifically in the Cleveland and Akron areas.

A year has passed, and two of these properties have significantly drained my cash flow due to extensive repairs. Recently, my property manager informed me that an HVAC unit needs to be replaced, which will cost $7,200.

At this point, I’m considering offloading some of the properties as the current situation seems untenable. I would greatly appreciate any advice on strategies to mitigate these issues and manage my investments more effectively.

Thank you in advance for your insights.