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All Forum Posts by: Warren A.

Warren A. has started 12 posts and replied 78 times.

Post: When should I worry about asset protection?

Warren A.Posted
  • Bay Area, CA
  • Posts 79
  • Votes 43

Where do you all get your Umbrella policies from?  My current insurance provider does not offer.

Post: Property Management companies in Memphis TN

Warren A.Posted
  • Bay Area, CA
  • Posts 79
  • Votes 43

I have been with CB Properties (affiliated with Memphis Turnkey Properties) since fall 2017.  Back in 2019, I had some challenges with their property management platform in terms of understanding the P&L but they switched to Buildium this year and the experience has improved a lot.   I've always felt the CB Properties team to be responsive, high integrity, and very fair when issues arise.

Originally posted by @Reagan Huefner:

@Warren Ang have you considered cash for keys? Might save you some time and money.

Yes, I may need to resort to that.  I'll discuss with my PM on Friday.  

Originally posted by @Steve K.:

@Warren A. Best way would be to talk to them. Ask your PM to use other phone numbers to contact the tenants. Did PM knock on their door? Or mail them a letter, etc? 

It is really a COVID19 hardship or you don't know. If it's non Covid then you may have some luck to get them out. 



@Steve K.  I have a follow up call with my PM on Friday.  I'll ask them but it's not their first rodeo.  In any case, I greatly appreciate your suggestions.  Thank you.

Originally posted by @Steve K.:

@Warren A. Legal or not. It is what it is. Courts take time to decide and 4 months will pass before courts even listen to this argument. How many back months of rents do they owe? Where is your property located? 

Have not paid July and August.. Arkansas .. supposedly landlord friendly.

What Gary said above..  is this legal and can it really be enforced?  I have a tenant in AR not responding to repeated communication attempts by our PM and we're ready to evict.

Post: Turnkey Invest, have you worked with them?

Warren A.Posted
  • Bay Area, CA
  • Posts 79
  • Votes 43
Originally posted by @Austin Goebel:

Did you end up investing with them?  I would love to hear how it worked out if so.  Anyone have first hand experience with them? They seem like they would be a good fit with what I am looking for.

I have been investing with Turnkey Invest Properties (Alex Craig and his Memphis & LR Team) since fall 2017 and have been very happy overall with the performance of our portfolio so far.  Pretty much as advertised on the website.  Things do go wrong from time to time but I have always been impressed by the team in helping to make things right in a very fair manner and the policies they have to help the investor ( see their self-sustaining property page).  

Post: Memphis Invest vs Memphis Turnkey

Warren A.Posted
  • Bay Area, CA
  • Posts 79
  • Votes 43

Originally posted by @Account Closed:

@Sachin Amin I looked at an offer from Memphis Turnkey a few years ago. Over market and shoddy lipstick-on-the-pig rehab work. We passed on the deal and found much better properties working directly with a local RE agent.

@Richard Smith , are you talking about Alex Craig's company ? If yes, why do you feel their rehabs are shoddy lipstick on a pig? Please provide specifics. I've been investing with Alex Craig's company for over 2 years now and have found their rehabs to be very good , addressing deferred maintenance.

Post: Voepel PM and Bridge Turnkey

Warren A.Posted
  • Bay Area, CA
  • Posts 79
  • Votes 43

Does Bridge work with other PMs?  If yes, who?

Post: The Big One

Warren A.Posted
  • Bay Area, CA
  • Posts 79
  • Votes 43

Resurrecting this old thread...

I live in Northern CA but own SFRs in Memphis and AR.  With two recent quakes in So. Cal, I could not help but read more on the New Madrid faultline .  It seems like there is lack of consensus on the risk level of New Madrid fault line .

Most of my SF rentals were built in 60s to 70s and my impression is that the homes were not designed to withstand a magnitude 6.x or 7.x?   Anyone have insight on this?   If the answer is "yes," has anyone taken measures to retrofit ?