Johnny Haygood
Rent to Retirement my experience
4 June 2024 | 10 replies
Feel" the true beat of the portfolio's income and expenses performance before using leverage to speed up the growth of your portfolio.Using cash only will protect your bottom line in scenario's like yours when the properties don't perform as expected as you won't be on the hook to cover the mortgage expenses.Just my bias opinion so take it with a grain of salt.I've also witnessed many finger pointing instances when others get involved.Like a new property manager, realtor, contractor, etc...I've had my share of bad experiences with realtors that threw my company under the bus and got in the investors ear to flog it at any price just so they can make a quick commission.It get's very messy, painful and pretty much turns into a disaster with the investor not knowing who to trust or what to do anymore.Similar to what you post about has happened to me and my company many times and if allowed the opportunity, we do our best to fix and come good.Some loose trust and faith and I 100% understand, but as soon as someone leaves the wing of my company there is not much that we can do because as I mentioned above, everyone else get's involved, has an opinion and the situation get's very messy.Having in-house property management is vital when such a "crisis" arises.I tried out-sourced PM when we first started and it was a disaster.We had no choice other than to bring it in-house.Hated my life for the first 5 years with in-house PM and fast forward 10 years, it has become our "golden goose" and a very well streamlined and beautiful business.From what I've seen and read on the forum and elsewhere it seems like RTR has a good reputation and what you have mentioned seems like a "worst case scenario".I hope RTR will assist you the best they can and all I can say is learn from the experience and don't give up.Do your best to weather the storm and focus on minutia.Don't have regrets and don't spend too much time dwelling on the past.Glimpse into the past to get guidance from what you could have done better and think ahead.Move forward smarter, more experienced and better.Wishing you well and much success with your future endeavors.
Christopher Cronin
REIPro
4 June 2024 | 54 replies
This company does not care about their client retention or reputation, that speaks enough for itself.
Maria Moya
Representation new construction
1 June 2024 | 7 replies
A Realtor would work for you, help negotiate price and terms and know which builders are offering incentives to you, have a good reputation and will be your advocate during the entire process.
Timmy Chen
New Construction Homes Pros and Cons
1 June 2024 | 5 replies
The main thing to check first is builder reputation..
Krishna Shah
Cash out Refi/Purchase
1 June 2024 | 1 reply
His primary mortgage was sold to a private lender in the early 2000s and he claims he had to give an explanation each time as to why he financed with a private lender with such poor reputation every time his credit was pulled.
Edward Schenkel
Ask An Attorney Anything About Real Estate Law
9 June 2024 | 223 replies
If, as landlord, you do take responsibility for the snow removal and contract it out to a snow removal company, be sure to use a very good and reputable company.
Scott Vaeth
Finally Purchased My First Property
31 May 2024 | 1 reply
It's in a reputable school district and sits on a .5 acre which is a lot for the neighborhood.
Grant Gilbert
Joining a GP team
31 May 2024 | 6 replies
As someone who works for a reputable GP, I'd say there are a few key factors that weighed my decision to join the team.
James Luctamar
Solid / Reputable Property Managers in Columbus?
29 May 2024 | 14 replies
Hi All,Was fortunate to have the opportunity to close on a long distance multi family property out in Columbus. I'm currently aggressively vetting property managers. While in this phase I wanted to reach out to the co...
Yasmin Lopez
Tree at risk of falling. Homeowner pays?
2 June 2024 | 23 replies
And had 3 companies state the tree was immediate risk to human life then chose the one with the nest reputation and experience and could provide proof of insurance at that moment.