Just wanted to give everyone an update, I have 4 properties through them and was in the process of buying another one through them. Until about maybe 6 months ago I would say I was pretty happy. Until then I had just one tenant move out after a year and they did about 800 in damage...which actually Midsouth was nice enough to split with me. I had one lady file for Bankruptcy and I was receiving two months of her rent from the bankruptcy court. Since about 6 months ago I have had a few more problems. Another tenant moved out without them knowing. So when they went into the house he had cause about $3500 in damage and was 2 month behind on rent. I did have his $1025 deposit but unfortunately the rest I will have to hope I get through collections. Seems unlikely though since he is a truck driver and hard to track down. Also I stopped receiving my bankruptcy check from the lady that had filed for bankruptcy. I also seem to have a problems constantly with the houses, I think I have had the HVAC repair man come out at least 5 to 6 times and just this morning I had a $524 bill for a pipe breaking.
Don't get me wrong I think the Property management team is great. They are fast to respond and always explain everything to me. Maybe I have just gotten unlucky, not sure if anyone else has had any issues. I have had the homes just about 2 years and the first year was great. The returns where just as advertised. But within the last year I have had many issues. I would love to buy some more. But at this point I am going to wait and see if things get better before I purchase another one.
If anyone has any questions please feel free to message me.
