HELP DC investor not able to sell RENO property

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HELP DC investor not able to sell RENO property

Jonathan Jones
Rental Property Investor · Clinton, MD · Member since 2016 · 19 posts · 6 votes

Good afternoon all,

My team and I have a property in DC. Pepco has promised multiple times to come through our property to fix an electrical pipe in the basement. We have all of the renovations completed however, this problem is eating up our profit due to holding cost. We have repeatedly reached out to Pepco to get this resolved however they keep promising and not delivering. Any suggestions of how we can resolve this quickly and save our investment so we can place it on the market and recoup our funds?? Any suggestions would be very helpful. Grateful for all of you! 

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Mark Cruse
Investor · Fort Washington, MD · Member since 2014 · 1k+ posts · 1k+ votes
4y

I had a similar problem in DC when installing a commercial grade system in our condo conversion. The only thing i can say my friend is to stay on them. I kept emailing and calling daily. In my mails I'd find out who supervisors where and included them in the stream. I would show up at the office at times. I'd reach out to other people who had Pepco contacts. All that together moved it along a little quicker but all and all, them or DCRA don't give a **** about your holding costs or what you are going through. It will prompt them to do nothing quicker. Just keep at them. Good luck! 

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  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    4y
    Quote from @Jonathan Jones:

    Good afternoon all,

    My team and I have a property in DC. Pepco has promised multiple times to come through our property to fix an electrical pipe in the basement. We have all of the renovations completed however, this problem is eating up our profit due to holding cost. We have repeatedly reached out to Pepco to get this resolved however they keep promising and not delivering. Any suggestions of how we can resolve this quickly and save our investment so we can place it on the market and recoup our funds?? Any suggestions would be very helpful. Grateful for all of you! 

    Is it an issue an electrician can fix?
    [email protected]301-893-4635Podcast Guest on Show #192
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    0Reply
  • Jonathan Jones
    OP
    Rental Property Investor · Clinton, MD · Member since 2016 · 19 posts · 6 votes
    4y

    No, Unfortunately only a pepco employee and/or contractor can rectify the issue as the pipe goes through our house and other houses throughout the block. We are trying to get this last issue handled so that we can place the property on the market however Pepco has promised repeatedly but not completed our request. 

    1Reply
  • Mark Cruse
    Investor · Fort Washington, MD · Member since 2014 · 1k+ posts · 1k+ votes
    4y

    I had a similar problem in DC when installing a commercial grade system in our condo conversion. The only thing i can say my friend is to stay on them. I kept emailing and calling daily. In my mails I'd find out who supervisors where and included them in the stream. I would show up at the office at times. I'd reach out to other people who had Pepco contacts. All that together moved it along a little quicker but all and all, them or DCRA don't give a **** about your holding costs or what you are going through. It will prompt them to do nothing quicker. Just keep at them. Good luck! 

    1Reply
  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    4y
    Quote from @Mark Cruse:

    I had a similar problem in DC when installing a commercial grade system in our condo conversion. The only thing i can say my friend is to stay on them. I kept emailing and calling daily. In my mails I'd find out who supervisors where and included them in the stream. I would show up at the office at times. I'd reach out to other people who had Pepco contacts. All that together moved it along a little quicker but all and all, them or DCRA don't give a **** about your holding costs or what you are going through. It will prompt them to do nothing quicker. Just keep at them. Good luck! 


     We had a Pepco issue in PG county 2 or 3 years ago. Took about 4 months I think for us to get it rectified. 

    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group546 Reviews
    WebsiteView Page
    1Reply
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