Status: SolvedCase Number: 201501811889Subject: Lock Failures and Out of the Box IssuesDescription:  Hi,I have been installing your Smartkey deadbolts on my rental properties since early 2011.

Not just in the paint job itself, but also the failure to mask everything off properly.

You have made conflicting statements to us on BP, which leads me to believe the money didn't go into the drop box until after they cited you for failure to perform.

Your agent "should" have delivered the notice directly to the seller as well and your agent's failure to do so in a timely manner will likely place some liability on the brokerage, but that will be another matter altogether.  

If after you've given him proper notice, and he hasn't moved out then you would give notice of filing for eviction action due to failure to vacate as per proper notice of non-renewal.  

What type of success (i.e. response rate) or failure have you had with SMS?

@Nicholas PrestiaMany investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

That sets you up for failure.  

The Landlord will then conduct a walk-through of the Apartment to note any damages or failure by Tenant to adhere to the terms of this Lease.

He makes a case that investing in multi-family units less than 100 is ultimately a waste of time and fast track to failure.