All Forum Posts by: Tina Du

Mr. Johnson,

With full respect to you and your experience with MSR, I just honestly told part of my true story with MSR. 

Did you ever receive an insurance claim from the insurance company over $14,000 to cover the loss for your property, and MSR kept it to themselves without forwarding the funds to you? When you terminated contract with them for whatever reason, did they ever forward the security deposit and last month of rent collected to you? They didn't return any to us including 2 security deposit for section 8 properties. If yes, you are lucky. We didn't receive any after waiting and asking for so many months. The insurance company once helped us pursue claim funds from them, but failed too. They cancelled their master policy with MSR because of it. Due to hopelessness  and helplessness, that is why we hired attorney and got court judgement against MSR. 

I can only say we have had different experience with MSR. 

Investors Alert! Be careful when purchasing insurance through Managers' Master Policy

When you own real estate investment portfolio, try to find an insurance company from where you can purchase and handle payment and claim by yourself. We have had a horrified experience buying insurance under our former managers' Master insurance policy in Detroit.

We hired Ronald and Kimberly Weaver in Management Systems Residential (MSR) in Detroit MI as our property managers in Dec 2012. We have had a terrible experience with them. Here is why:

 1.They have let our property insurance coverage under their master insurance policy lapse for 6 months due to non-payment while still deducting from our rents to pay for the insurance premiums, and exposed our properties and tenants to tremendous risks and liabilities. After we found it out directly from SWBC insurance company about the cancellation on Dec 30th, 2013, Ron Weaver blamed it was a middle agency’s fault. The insurance broker they used was called ITG Advisors in Southfield, MI. No good explanation was provided about what had happened by Mr. J. Rinaldi and Mr. H. Gibson at ITG Advisors  at that time.

 2.After MSR reinstated our insurance under their master policy, we had a claim payout from SWBC sent directly to MSR for one vandalised property for a total of over $14,000 in March 2014. Ten months have already passed, we haven’t received a penny from MSR.

• 3.We terminated our contract with MSR on Feb 28th, 2014. They are still holding the security deposits for 2 properties, and March rent from one section 8 Agency since we didn’t have enough time to finish paper work to transfer the payment to our new manager. They haven’t passed the money they received to us to date.

• 4.We have given Ronald and Kimberly Weaver many chances and 10 months to correct themselves. They ignored our requests from SWBC insurance company and the court order to give us money back. We were awarded the court judgement on Nov 21st, 2014 against MSR and collect funds from them.

• 5.Plea for your help and support! My husband had a major surgery. My daughter is only 5 year old. I depend on the money kept by MSR to recover my loss due to vandalism and to support my family. If you happen to know MSR’s business bank accounts by depositing, wire transaction, or their business assets and residential address, your information will be greatly appreciated. Confidentiality for personal privacy and information is guaranteed.

• 6.I also wonder if keeping clients’ insurance claim payouts and section 8 rents for their own business /personal use is criminal offense. If I can’t recover my money, can I pursue it through criminal lawyers or police? Any advice or recommendation will be greatly appreciated.

If there are any other victims of Weavers out there that may need help, we would like to share information with you.

Tina

My contact info.: [email protected]

Did you ever hire Ronald and Kimberly Weaver in Management Systems Residential (MSR) in Detroit MI before? We hired them as our property managers in Dec 2012. We have had a terrible experience with them. Here is why:

• 1.They have let our property insurance coverage under their master insurance policy lapse for 6 months due to non-payment while still deducting from our rents to pay for the insurance premiums, and exposed our properties and tenants to tremendous risks and liabilities. After we found it out directly from SWBC insurance company about the cancellation on Dec 30th, 2013, Ron Weaver blamed it was a middle agency’s fault.

• 2.After MSR reinstated our insurance under their master policy, we had a claim payout from SWBC sent directly to MSR for one vandalised property for a total of over $14,000 in March 2014. Ten months have already passed, we haven’t received a penny from MSR.

• 3.We terminated our contract with MSR on Feb 28th, 2014. They are still holding the security deposits for 2 properties, and March rent from one section 8 Agency since we didn’t have enough time to finish paper work to transfer the payment to our new manager. They haven’t passed the money they received to us to date.

• 4.We have given Ronald and Kimberly Weaver many chances and 10 months to correct themselves. They ignored our requests from SWBC insurance company and the court order to give us money back. We were awarded the court judgement on Nov 21st, 2014 against MSR and collect funds from them.

• 5.Plea for your help and support! My husband had a major surgery. My daughter is only 5 year old. I depend on the money kept by MSR to recover my loss due to vandalism and to support my family. If you happen to know MSR’s business bank accounts by depositing, wire transaction, or their business assets and residential address, your information will be greatly appreciated. Confidentiality for personal privacy and information is guaranteed.

• 6.I also wonder if keeping clients’ insurance claim payouts and section 8 rents for their own business /personal use is criminal offense. If I can’t recover my money, can I pursue it through criminal lawyers or police? Any advice or recommendation will be greatly appreciated.

If there are any other victims of Weavers out there that may need help, we would like to share information with you.

Tina

My contact info.: [email protected]

We were under our former property management's master insurance policy in 2013. We had a claim payout from SWBC sent directly to our former property managers for one vandalised property for a total of over $14,000 in March 2014. Ten months have already passed, we haven’t received a penny from them. They ignored request by SWBC and even the court order.

Is it criminal offense for property managers to keep clients' insurance claim payouts? We may have to go through that route.