Massimo Salerno
own it detorit
10 February 2024 | 5 replies
Things were going bad from day one however we wouldn't be aware of it until late 2017.It started when 1 of our properties got burned and when started an insurance claim learned that the policy the management company has purchased for us wasn't covering the cost of property purchase and their savings of $20/month cost us loss of thousands of dollars.That was the start of our awakening and we started checking all that was taking place and we have questioned all the different bills and reports that were provided to us, during that we learned that 2nd of our properties was abounded by the tenant and the months late rent payment wasn't questioned by the management company, not only that but thieves had broken in to steal all appliances and vanities, created damage and leave the property completey vandalized, a squatter had taken over the property and we had to go thru eviction process.Needless to say we have dropped Mousa and his so called management team (Omar and Wanda) and hired another company to take over and conduct a full due diligence on our properties which helped us to find out that on a 3rd property the management company had failed to fill out correct paper work and the tenant was not paying her utility bills for months and that mistake of paper work forced us to settle thousand of dollars past due bills with the city, that's on top of the fact the tenant was way past due on her rent, this property was so badly maintained despite the fact we have paid thousands of dollars to Mousa and his team for various repairs they have reported and invoiced for.As you can imagine the poor management of this company had caused us nothing but losses that are at this point estimated in tens of thousands of dollars.It is clearly our responsibility of not checking this company in details before engaging in business with them, however it is this company lack of responsibility and management that caused our losses.Be aware and check them thoroughly before engaging
Carlos Lez
Tenant demanding rent discount because PG&E has cut off power
9 February 2024 | 5 replies
Youre not responsible.
Trent Dyrsmid
What to do with a (underwater) $1.45M property with a 2.78% mortgage...?
10 February 2024 | 9 replies
When it's not booked you can still enjoy it.Not ideal but financially responsible.
Carlos A.
Toledo, Ohio Duplex
9 February 2024 | 8 replies
Was in pretty solid shape when purchased with long standing tenants.
Victoria Britton
Advice on buying parents house
11 February 2024 | 13 replies
Thank you Sam for your well thought out responses.
Matthew Thomas
Insurance on foreclosure during eviction process (previous owner still there)
9 February 2024 | 2 replies
In talking to her, I got a vibe that she is not well mentally.I am concerned about insuring the property for the duration of the eviction process, specifically for liability because it seems like the laws put you in a catch 22 where you can't get on the property to maintain it yet they would hold you responsible for any dammages if they were to occur.How does one protect against this?
Zachary Rosa
indoor pool 10 bed 2 bath refi
10 February 2024 | 11 replies
I would also look for the responses that are actually informational vs "DM me".
Behzad Sharifi
Why properties more than 300k doesn’t make cash flow?
11 February 2024 | 32 replies
If you want to stay lean and buy frugal many states not just Florida offer a solid ROI.
Arzu Alimjan
Flip - Money Stolen
9 February 2024 | 13 replies
I would like to take legal action at this point since it has been 8 months with no response from the flipper.
Jessica Perez
HELOC or creative line of credit
9 February 2024 | 3 replies
Also, have a solid business plan to sell them on.