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14 October 2024 | 420 replies
You find it suspicious that some of us only have one post.
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4 October 2024 | 35 replies
This time, the fire department came out, police, and even Cal State Fire came to investigate...two fires, highly suspicious to say the least.
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30 September 2024 | 12 replies
But the city has risks too: historic tanneries, dry cleaners, gas stations, garages, workshops, any kind of industrial use - always be suspicious of what people did with chemicals back in the 50s and 60s when the general population had no awareness of the damage
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2 October 2024 | 48 replies
I pay their outrageous subscription fee (I think it's currently $695 but seems to go up annually, clearly they hope hosts move away from it and I am suspicious that my ranking has gone down because I am still on the subscription model) and my effective rate is 3.36% because they charge their 3% on taxes too (which mine are 11%).
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30 September 2024 | 47 replies
Quote from @David Robertson: Clearly this forum is being spammed with fake positive reviews.5 posts posted within minutes by first time posters.Hopefully @Moderators mark this stuff as SPAM.Yeah, this is wildly suspicious.
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24 September 2024 | 6 replies
Thank you Ned, that is exactly right, we actually check a condo/townhouse about 2 weeks ago, the thing was a condo with a basement, I cannot tell if it was a condo or townhome, anyway, the ceiling in the first floor was bowing, the 2nd floor, one of the bedroom was sinking, could not tell how this damage was done but the walls came apart from the floor, you could see the roof of the unit bowing inwards towards the structure a bit, and their "general contractor" estimate that for 5k they could straighten the property and level everything, even 1 window and 1 door looked so uneven that you would think there was something wrong with your eyes...5k for structural damage, good luck with that one, we ran as far as we could from that....but we have seen they do inflate their ARV, since we learned the hard way , we go through these deals with a magnifying glass, I knew I was not so picky, numbers do not lie.Another thing that caught my attention, which I do not know if I am overly suspicious now that I am older, but they want to get the closing for us at the same time/day they are getting the property from whoever they buying it, which it seems to me they try to save on the closing by having a "dual" closing when in reality is just 1 closing and we are the one paying for it...I do not know there are few things that do not click right with this folks.
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23 September 2024 | 3 replies
Report All Suspicious Activity: If there is a scammer or phishing attempt, report it to the IRS immediately at phishing @ irs.gov.
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9 October 2024 | 312 replies
Quick update, just after I am growing suspicious to this bridge-lender (point #5), there's an investigation publicly posted is showing that the LP group that re-purchase the foreclosure asset property was run by the ex-VP of the same bridge-lender, financed by the same bridge-lender.
22 September 2024 | 8 replies
Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success
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20 September 2024 | 17 replies
When I first heard of AirDNA -- years into working with STR investors -- I was skeptical and suspicious.