All Forum Posts by: Venkat S.

@Alex Craig I never criticized PM company in my post. When I said PM company is charging me I meant that I am being charged for something which should have not happed in first place. I am sorry if I had not make these clear, I purchased my turnkey property from Buy Memphis Now and CB is my property management company. I agree CB has been trying hard to get things sorted out for me in these tough times. I was so busy tryING TO seTTLE things on my end that I forgot to appreciate CB properties (but I never criticIzed CB) especially Andrew and Cristina as they have been more than helpful. Thanks CB Properties!

@Stephen Akindona, @Dean Letfus this property is located on Innsbrook Dr, 38115 Zip.

Ok here are the series of events that happened to me…

• Purchased home from Buy Memphis Now, Break-in history was there even before my purchase but I was not aware of it.
• Communication has been decent with Buy Memphis Now until break-in happened.
• CB Properties the PM company found my first tenant after 2 months.
• First Break-in after I purchased happened.
• Tenant walked out complaining HVAC was not ready and break-in happened.
• Buy Memphis Now helped me with my own expenses around $200 to fix the Break-in by securing couple of windows with Bars.
• Now Second Break-in after my purchase happened.
• Now Buy Memphis Now stopped communicating with me and stopped answering my emails, this is the reason I had to discuss these in the open forums.
• Now PM company CB Properties is charging me $633 to properly secure this property which should have been done in the first place as I have purchased this as a turnkey from Buy Memphis Now.

@AJ Singh Thanks will definitely consider doing this!

@Laksh Nandrajog Thanks, Yes PM company is trying to find one now.

@Christine Kankowski, thank you for your quick response! I bought this property just in this year June from the company, sorry if I didn’t make this clear. If it is one year after the fact then I agree but this is not the case here. Yes I do have pictures of the prior break-in before my purchase. They gave it to their partner company for Property Management.

As an out of state investor I chose Buy Memphis Now company over others for my first turnkey rental property purchase and I am now repenting my decision. They sold to me a property that are having break-ins from Day 1! Apparently a squatter seems to claim the property by breaking in from the very first day, they are very well aware of this situation before they sold it to me as I have photos showing that similar break-ins happened to this even before me buying this property! I also had to lose my tenant because of these break-ins. If the break-ins started happening after a year or so of my purchase I can understand but these started happening even before I purchased the property and as an Out Of State investor I trusted them but they hid this information from me and sold this property. As an out of state investor I expect them as a turnkey provider to at least take hold of the current situation and secure the property and make sure that the property is break-in free and then hand over it to me as I was not aware of all these issues while buying the property! However they chose not to answer my emails now after the latest break in!

Please let me know any suggestions as how to proceed in this situation as I am stuck with my first Out Of State Turnkey purchase with the mortgage burden each month with no tenants and on top of it had to deal with these break-in expenses! I am not sure how to stop these break-ins as I am out of state! All my savings are gone because of this and I am stuck!!