Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Susan Maneck

Susan Maneck has started 8 posts and replied 1099 times.

Post: Why Do You Invest in Mississippi & Jackson?

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,142
  • Votes 762
Quote from @Orhi Tahi:
Quote from @Susan Maneck:

As David B. mentioned foundation problems are endemic to Mississippi so, which is why I don't recommend real estate investing to out-of-state buyers who can't check out what they are buying. Many house are in flood zones. I will sometimes buy the latter, but never the former. Also, I don't buy houses with active leaks. The dangers of mold are just to great here. 

@Susan Maneck ty for sharing all those great insights. For foundation problems, do you see houses with good foundation can still be at risk due to the Yazoo clay and significant rain ? Just trying to assess if I will be ok in the future assuming my inspector is giving me green light for the foundation now.

 In my experience it is the newer houses that are more likely to have problems. If the foundation hasn't moved in fifty years it probably won't. But you are right it is the clay underneath that is the problem, not the way the foundation was built. For that reason you want to know if the neighborhood as a whole has this problem.

Post: Price of delinquent properties in Mississippi

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,142
  • Votes 762

Usually it let's you message after you do a connect. I'll send you my regular email. I'm not sure what you are planning to do with these empty lots. I don't know whether it is still the case but for awhile the city of Jackson was selling empty lots for just $50 if you presented a plan for what you wanted to do with it. 

Post: Price of delinquent properties in Mississippi

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,142
  • Votes 762
Quote from @Sylvia Castellanos:

Susan, thanks for your reply. I note your comment that

“during the Recession assessed values were higher than you could actually sell a property for.” As it happens, I have been researching parcel of land in Harrison County, MS. I was stunned by how much the county government assessed vacant lots for. Here is a sampling. The first number is the percentage of an acre.

.08 $11,500

.32 $18,400

.16 $17, 078

.18 $22,608

.19 $26,032

I get it that the size of the lot is only one of several factors in determining the property’s value. Still, these are numbers I didn’t expect to see. Can you shed any light on this?


 Well, I'm only intimately familiar with the situation in the Jackson Metro area.  Where I buy houses the average lot size is about a quarter of an acre. The county assesses those lots as worth about 10K, but when houses burn down in the neighborhoods where I have houses, the rarely rebuild them. The best way to get rid of an empty lot there is to donate it to Habitat. As least then you can write off what the County claims the property is worth. Mind you, all of my properties are worth more than their appraised value now, but during the Recession the City Manager got the bright idea that the way to easily raise revenue was to raise the appraisals, and they ended up higher than the resale value of those properties. 

Post: Price of delinquent properties in Mississippi

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,142
  • Votes 762

I've never gone that route because I find it just too risky. A lot of properties in Mississippi have foundation problems and if you buying property that way, there is no way of knowing. It sounds like they want to get as close to the assessed value as possible, and I remember that during the Recession assessed values were higher than you could actually sell a property for. Also, you get a quit claim, not an actual title. 

David is not a PM, he is a handy man and it was in that capacity that he went to that property. If you don't want to use him, you are free to find another repairman who doesn't charge for service calls. And the quote you got was what the plumber had quoted them. 

Look, if you are bad-mouthing people who are not here, they certainly have the right to respond.

Quote from @Susan Maneck:
Quote from @Bob Beach:
Quote from @Susan Maneck:

Katrina (who owns Dove Realty) and her husband David, who often does handyman stuff are regular people who just do their job. Her fees are straight forward, no surprises. Sometimes David makes mistakes with repairs but I've never known them to try and cheat me. I've been working with them since I bought my first investment property 13 years ago. 


 I've now started to verify everything that Katrina and hubby do and so far, it's not looking good. In the first month or so, they found some "rotten" wood steps to the porch. Two wooden steps and paint charged us $550. I asked my Memphis guy, what he would charge. He said $140.  Next was a warped vinyl floor related to a water leak. Katrina quoted me $6100 for re-piping the entire house and fixing the warped flooring. I sent my Memphis guy and I believe he charged me around $600 plus gas for the drive. The water leak was causing the flooring to warp. Both issues solved.  Next was some branches in the yard from a storm. I hired a guy that charge me $450 to cut up and haul away. He wanted cash so I Zelle'd Katrina $450 + $15 (she wanted gas money). Hubby delivered the money, was late and only had $350. The tree trimer was pissed.  The tree trimmer was half finished when he called me, sent a photo of the trailer full of branches and Katrina claimed, "he hadn't started yet". Had multiple excuses why late including the truck had a dead battery and pouring rain. I asked the tree guy if it was raining, he said "no" and that "...these people are sh#t". Next issue: Tenant said the A/C wasn't cold enough in the den. K sent me a photo with the intake vent covered with plastic. Claimed it was there before the tenant moved in and never questioned it. I told her to tell the tenant to remove it. "Claimed" her husband already went out and resolved it. Charged me $85 so I asked, What was the issue and what was the solution? I asked 3 times over a few days and she avoided the question. Then she accused me of suggesting she was lying. And the husband had almost no information on the A/C unit or how old it was, which was my main concern. I doubt if he even went out to the house. I still don't know what my $85 got me. 

So, I'm looking for a new PM. Has anyone used Trihelm? They have good reviews, (but so did Evernest). Or, are there any other suggestions?

Thanks in advance.


 Obviously I can't answer for everything you say they did, but I did talk to Katrina briefly. I know, for instance, the $350 rather than $450 being delivered was a mistake which I believe was corrected. I know David charges $85 for a service call, so if you asked him to do anything minimal that would have been the charge. I've used property managers in Arizona and I know they used to charge me $35 just to call someone and that was some 30 years ago. I was grateful Katrina didn't have those kinds of junk fees. But keep in mind that David is just a handy man. For a more complicated job like floor warping and plumbing he would have gotten bids. I understand your house is on Brockley. I know that neighborhood and all the houses I've looked at on that street had foundation problems. Are you sure that isn't part of your problem? I had a tree fall on one my houses during a rain storm last summer. David found someone to fix that roof for far less than the insurance company paid me, and they did a good job. I'm surprised you could get someone to come out from Memphis for jobs that only pay $140 or even $600. It's over 200 miles and a three hour drive each way! Something isn't adding up here. 


Quote from @Bob Beach:
Quote from @Susan Maneck:

Katrina (who owns Dove Realty) and her husband David, who often does handyman stuff are regular people who just do their job. Her fees are straight forward, no surprises. Sometimes David makes mistakes with repairs but I've never known them to try and cheat me. I've been working with them since I bought my first investment property 13 years ago. 


 I've now started to verify everything that Katrina and hubby do and so far, it's not looking good. In the first month or so, they found some "rotten" wood steps to the porch. Two wooden steps and paint charged us $550. I asked my Memphis guy, what he would charge. He said $140.  Next was a warped vinyl floor related to a water leak. Katrina quoted me $6100 for re-piping the entire house and fixing the warped flooring. I sent my Memphis guy and I believe he charged me around $600 plus gas for the drive. The water leak was causing the flooring to warp. Both issues solved.  Next was some branches in the yard from a storm. I hired a guy that charge me $450 to cut up and haul away. He wanted cash so I Zelle'd Katrina $450 + $15 (she wanted gas money). Hubby delivered the money, was late and only had $350. The tree trimer was pissed.  The tree trimmer was half finished when he called me, sent a photo of the trailer full of branches and Katrina claimed, "he hadn't started yet". Had multiple excuses why late including the truck had a dead battery and pouring rain. I asked the tree guy if it was raining, he said "no" and that "...these people are sh#t". Next issue: Tenant said the A/C wasn't cold enough in the den. K sent me a photo with the intake vent covered with plastic. Claimed it was there before the tenant moved in and never questioned it. I told her to tell the tenant to remove it. "Claimed" her husband already went out and resolved it. Charged me $85 so I asked, What was the issue and what was the solution? I asked 3 times over a few days and she avoided the question. Then she accused me of suggesting she was lying. And the husband had almost no information on the A/C unit or how old it was, which was my main concern. I doubt if he even went out to the house. I still don't know what my $85 got me. 

So, I'm looking for a new PM. Has anyone used Trihelm? They have good reviews, (but so did Evernest). Or, are there any other suggestions?

Thanks in advance.


 Obviously I can't answer for everything you say they did, but I did talk to her briefly. I know, for instance, the $350 rather than $450 being delivered was a mistake which I believe was corrected. I know David charges $85 for a service call, so if you asked him to do anything minimal that would have been the charge. I've used property managers in Arizona and I know they used to charge me $35 just to call someone and that was some 30 years ago. I was grateful Katrina didn't have those kinds of charges. But keep in mind that David is just a handy man. For a more complicated job like floor warping and plumbing he would have gotten bids on. The plumber they got a bid from also did a major job on one of my houses and I saw how rotten the pipes were under the house. I understand your house is on Brockley. I know that neighborhood and all the houses I've looked at there had foundation problems. Are you sure that isn't part of your problem? I had a tree fall on one my houses during a rain storm last summer. He found someone to fix that roof for far less than the insurance company paid me, and they did a good job. I'm surprised you could get someone to come out from Memphis for jobs that only pay $140 or even $600. It's over 200 miles and a three hour drive each way! Something isn't adding up here. 

Katrina (who owns Dove Realty) and her husband David, who often does handyman stuff are regular people who just do their job. Her fees are straight forward, no surprises. Sometimes David makes mistakes with repairs but I've never known them to try and cheat me. I've been working with them since I bought my first investment property 13 years ago. 

Post: Is the need for affordable housing creating new markets?

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,142
  • Votes 762

It's all CA/TX/FL/TN , what is interesting is city like Loomis or Tomball is within 45min-1hr from the larger MSA it serves. Tracking these company movement is good way to track new economic activity.

When I was in high school Loomis had a post office and a grocery store and enough kids for a single Head Start class which my mother taught. 

Post: Buying rental property out of state while living in California

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,142
  • Votes 762

The problem is that Katrinas are going to become more and more frequent as time goes by what with global warming.