All Forum Posts by: Chan K.

Thanks JD

I just turned 41

I think the more I talk out loud, the more it became clear that at the minimum I should clear all my mortgages if I am to leave the W2 (minimum entrances).

I don’t hate my job. It is a job and I still can find interesting tasks. 

I don’t mind paying $2k per month for family health care. My cash flow would support that and left over to cover basic need and vacation ..etc

Thank you everyone for sharing your thought. Appreciate the sincerity.

Overall, my cash flow replaces my salary at the moment. I am at the cross road.

A few things go through my mind. Stay in the job and snowball all my mortgages and let life coast or get off a job still snowball slowly and live life slower.

Initially, when I purchased my first apartment building 10 years ago, I did it because I was curious. Also, I want to own thing and starting younger the better. It was different than my day job (the field) and I want to see if I can operate it. Then, I start buying 1 building every 2 years or so. I never really take it serious with rent rate optimization. Hence, I charge very low rent all these years. About 3 years ago, the house market went crazy. So, I sample jack up the rent drastically. All units are still filled up. Only then, I realize that my cash flow can easily replace my salary. 

I have self manages all the units in the last 10 years, while working. It is not that bad. When units are vacant, I would spend a few weekends getting it ready. 

I always wonder what can I unleash if I don’t have a job and go into it full time real estate. If I can accomplish more than 30 units and manage all of them seamlessly, while working full time and barely spend 10 hours a week doing it … what is the possibility that I am missing by being stuck in a job? Venture to the unexplored real estate area… maybe this 6-figure job is holding me down 

Will I regret not giving myself an all in adventure ….

Does anyone ever run into this cross road?

Hello Landlords,

Are you a landlord overseeing/managing your own rental properties?

If you do, how long have you been doing this? Do you still hold a full time job?

If you already left your job, do you regret it?

I have working full time and been managing my own rental properties for more than 5 years now. I have a good job and properties are cash flowing. I have been contemplating about quitting my job and go into really estate full time lately. I just want to hear people who were in this position in the past.

Thank You 

I insure a few mulifamily properties with NREIG. Without discussing or get an acknowledgement from me NREIG changed my portfolio coverage and jack up my premium across my portfolio by more than double.

I called my client rep, but got an auto-reply that she won't be back until 7+ days without leaving any contact. I continue to call the general customer service line, but the person that picked up the call was so useless.

Finally, I pulled down the proof of insurance from their website portable. I began to do some comparison. So far, I found out that, they did the following changes without asking me or get any acknowledgement from me. Today I got a bill that is 100% more than what I used to pay - my blood was rushing

- They increased my building coverage

- They changed from "cash value" to "replacement value"

These 2 updates that they made cost my portfolio to go double. All and all, it happens in the background without me knowing or without sending me any paperwork to inform me about these change if I want to move forward ..etc

My question for NREIG:

Ethically, how can you guy make change like that without any agreement with the customer?

You guy made those changes and the premium went up more than double and you charge the customer credit card automatically. Do you feel right doing that?

I insure a few mulifamily properties with NREIG. Without discussing or get an acknowledgement from me NREIG changed my portfolio coverage and jack up my premium across my portfolio by more than double.

I called my client rep, but got an auto-reply that she won't be back until 7+ days without leaving any contact. I continue to call the general customer service line, but the person that picked up the call was so useless.

Finally, I pulled down the proof of insurance from their website portable. I began to do some comparison. So far, I found out that, they did the following changes without asking me or get any acknowledgement from me. Today I got a bill that is 100% more than what I used to pay - my blood was rushing

- They increased my building coverage

- They changed from "cash value" to "replacement value"

These 2 updates that they made cost my portfolio to go double. All and all, it happens in the background without me knowing or without sending me any paperwork to inform me about these change if I want to move forward ..etc

My question for NREIG:

Ethically, how can you guy make change like that without any agreement with the customer?

You guy made those changes and the premium went up more than double and you charge the customer credit card automatically. Do you feel right doing that?

I insure a few mulifamily properties with NREIG. Without discussing or get an acknowledgement from me NREIG changed my portfolio coverage and jack up my premium across my portfolio by more than double.

I called my client rep, but got an auto-reply that she won't be back until 7+ days without leaving any contact. I continue to call the general customer service line, but the person that picked up the call was so useless.

Finally, I pulled down the proof of insurance from their website portable. I began to do some comparison. So far, I found out that, they did the following changes without asking me or get any acknowledgement from me. Today I got a bill that is 100% more than what I used to pay - my blood was rushing

- They increased my building coverage

- They changed from "cash value" to "replacement value"

These 2 updates that they made cost my portfolio to go double. All and all, it happens in the background without me knowing or without sending me any paperwork to inform me about these change if I want to move forward ..etc

My question for NREIG:

Ethically, how can you guy make change like that without any agreement with the customer?

You guy made those changes and the premium went up more than double and you charge the customer credit card automatically. Do you feel right doing that?

I insure a few mulifamily properties with NREIG. Without discussing or get an acknowledgement from me NREIG changed my portfolio coverage and jack up my premium across my portfolio by more than double.

I called my client rep, but got an auto-reply that she won't be back until 7+ days without leaving any contact. I continue to call the general customer service line, but the person that picked up the call was so useless.

Finally, I pulled down the proof of insurance from their website portable. I began to do some comparison. So far, I found out that, they did the following changes without asking me or get any acknowledgement from me. Today I got a bill that is 100% more than what I used to pay - my blood was rushing

- They increased my building coverage

- They changed from "cash value" to "replacement value"

These 2 updates that they made cost my portfolio to go double. All and all, it happens in the background without me knowing or without sending me any paperwork to inform me about these change if I want to move forward ..etc

My question for NREIG:

Ethically, how can you guy make change like that without any agreement with the customer?

You guy made those changes and the premium went up more than double and you charge the customer credit card automatically. Do you feel right doing that?

I insure a few mulifamily properties with NREIG. Without discussing or get an acknowledgement from me NREIG changed my portfolio coverage and jack up my premium across my portfolio by more than double.

I called my client rep, but got an auto-reply that she won't be back until 7+ days without leaving any contact. I continue to call the general customer service line, but the person that picked up the call was so useless.

Finally, I pulled down the proof of insurance from their website portable. I began to do some comparison. So far, I found out that, they did the following changes without asking me or get any acknowledgement from me. Today I got a bill that is 100% more than what I used to pay - my blood was rushing

- They increased my building coverage

- They changed from "cash value" to "replacement value"

These 2 updates that they made cost my portfolio to go double. All and all, it happens in the background without me knowing or without sending me any paperwork to inform me about these change if I want to move forward ..etc

My question for NREIG:

Ethically, how can you guy make change like that without any agreement with the customer?

You guy made those changes and the premium went up more than double and you charge the customer credit card automatically. Do you feel right doing that?

 I want to echo to @Josh Miller regarding "Staying Away From NREIG". I insure a few mulifamily properties with NREIG. Without discussing or get an acknowledgement from me NREIG changed my portfolio coverage and jack up my premium across my portfolio by more than double. 

I called my client rep, but got an auto-reply that she won't be back until 7+ days without leaving any contact. I continue to call the general customer service line, but the person that picked up the call was so useless. 

Finally, I pulled down the proof of insurance from their website portable. I began to do some comparison. So far, I found out that, they did the following changes without asking me or get any acknowledgement from me. Today I got a bill that is 100% more than what I used to pay - my blood was rushing

- They increased my building coverage

- They changed from "cash value" to "replacement value"

These 2 updates that they made cost my portfolio to go double. All and all, it happens in the background without me knowing or without sending me any paperwork to inform me about these change if I want to move forward ..etc

My question for you Julie: 

Ethically, how can you guy make change like that without any agreement with the customer?

You guy made those changes and the premium went up more than double and you charge the customer credit card automatically. Do you feel right doing that?  

@Patti Robertson I am the landlord. Initially, he called me and asked about it, and I told him it is not on my land. Then, he sent me a certified mail. The send date was dated back to when he called me. At the time, the couch was on my neighbors land. After I received the letter (today), I called my tenant, and now the couch is in front of my 4-yard trash can. So apparently that couch walked over (sacasimsm) - either he moved that couch or asked someone to move it and write me the violation. On the same day …Ggh