All Forum Posts by: Son D.

@Jerry Condra you bought a Morris Invest property in Virginia? What is the name of the PM there?

Amanda I have worked with another company. They are on bp. I could give you info if you'd like

@Michael Gansberg thank you for your empathy and advice. Right now i'm still waiting to hear back from my new PM before I decide what to do.

Many of the legitimate PM in Indy have recently received an influx of OP clients. This understandably causes a delay in response time. Information is trickling in to reveal the extent of the problem. It will cost a lot of time and money for those who want to try to turn the property around. Some PM are beginning to realize that they may have taken on more than what they were prepared to handle. Tough times continue for MI/OP investors.

@Kimberly KlaasIf you do searching on google there are ways you can manipulate the algorithm to place your website at the top of the search when people use certain keywords. The algorithm frequently changes so you have to keep up with it. They were very good in doing this. I did MI search in late 2017 with same results so yours wasn't surprising since there was not nearly as many BP threads.

I don't know if buy back is still an option. If it is then Clayton should make an announcement. If he wants to do right by those who trusted him he should say it, instead of his usual deflection. I know a lot of people that would be interested.

From what they claim, Home River is not associated with the rest of the mentioned companies in any way. Someone on BP told me that they only met Clayton several months ago at a conference. Clayton contacted them last week to help investors as he knew there would be many fleeing OP. I don't think they've received much business from people in my group though.

On 5/1 I received an email notification regarding my April rent invoice dated 4/20 with no deposit received as of this moment. If you call OP their automatic prompt says they're working on it. They've gone back to their no reply, ignore all inquiries policy.

@Stephen Flynt it was a third party inspector. the problem was I didn't have access to the house. The inspector wasn't about to go knock on the door and ask to come in to do the inspection.

The problem with this "turnkey" outfit is even if they do everything on the scope of work, it still isn't enough. There are plenty of items need fixing that were never mentioned.

@Joe Splitrock when I started regretting investing with MI/OP I've already purchased property and paid rehab. It was not finished "rehabbing" in January yet. I used biggerpockets forum to post my story and update frequently to keep them publicly accountable. I believe it worked to a small extent. I think PM here would agree my property look a lot better, although still not up to standard living condition, than most MI/OP home they've seen. I hounded them to get an inspection right after I was told it was done "rehabbing". The inspection did not take place until March 28. I've already changed management.

I feel like I need to repeat. Most people in the group only found out about this last Saturday. It's been barely a week. They each put a considerable amount into these properties. They're going through different stages: shock, confused, anger, hopelessness, realization, etc. Don't think I'm being over dramatic. A lot of life savings and retirement accounts went into this. The first thing is to call MI/OP to demand answers. Post discussions within the group. Compare Stories. Contemplate different scenarios. Do research. Then decide where to turn to. That's a lot to go through in a week. Like @Jay Hinrichs said, after you turn to different PM, you still have the problem of an unfinished property. Despite all this, overwhelming majority have already left. As for the rest, well, some people go through the process slower than others.

He told some investors in my group that he's experiencing the same problems as we do. He hasn't received rent on 22 of his properties for the last 2 months. My bs senses are tingling. Assuming it's true, then maybe it's because OP knew MI was building their own property management team. Even I knew it back in January. So there is a view of teammates kicking each other.

However, when I research the different LLCs that were created relating to these companies within these few months, I can't help but feel that they're trying to create entities within entities to misdirect but eventually it leads to the same people. Clayton Morris's refusing to publicly separating himself from OP just adds to that feeling. Good thing states made these info public and those that found Morris on YouTube are able to navigate...you know...the internet.

@Jay Hinrichs 100-200? when I spoke to OP manager back in November she told me MI has referred over 1000 properties by then.