All Forum Posts by: Michelle Moe

100% agree with George. I went with Progressive Urban Property Management and they were frustratingly useless. Now I am over 10k behind in backed rent. When I called them on it and became the squeaky wheel, they dropped me as a client before I had a chance to get another PM in place. Now I am facing eviction on 3 out of 4 of my tenants which could have been prevented if they did their job.

I'm also looking for eviction services. Please let me know if anyone has any recommendations. 

Hi Rhyan, great! What company are you with? 

Thank you, Bob! Can you send me a few of your favorites?

Hi Ryan, 
I contacted 5 PMs last night, and we’ll see if they get back to me. I am in contact with one other, but I’d like to interview several before I make a decision. I’ll keep you posted! 
Let me know what you find out!

Thank you, Patrick. I appreciate that!

Does anyone have any recommendations for a property manager in Cleveland that is out of state investor friendly?

Thanks to everyone for your input! I decided to pay cash, 

Hi Robin, thanks for your reply! I have about 350,000 in liquid cash, and I owe 220,000 on the house… so I’d put aside 280,000 ish for that. At the moment my investments have dropped well below the 9.75% for the loan. The plan at the moment is to sell upon completion, depending on the equity. 
I would like to invest in more real estate, but holding out for a bit. 
Since the build is in Florida and I’m in Ca., is there an advantage to having a lender for each stage of the draws? 

Hello! I have purchased one of Rent to Retirement’s new builds in Cape Coral Florida. It is estimated to take about a year at 9.75%. Is it better to take out the construction loan or pay cash?

Hello BPcommunity!

As a new investor, I’m curious what

the opinion is on the rent to retirement new builds in Cape Coral. Any insight is greatly appreciated!