PM offering to use his own money to improve your units.

PM offering to use his own money to improve your units.

SFR Investor · Virginia Beach, VA · Member since 2010 · 150 posts · 36 votes

This was an actual PM advertisement in our area today. How many red flags can you count? This stuff is priceless.

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  • Real Estate Investor · Charlotte, NC · Member since 2011 · 252 posts · 56 votes
    15y

    I understand misspelling one or two words blogging quickly but when you're putting out an ad for your company you really need to proofread. also, him not being responsible while the property is in his possession sounds fishy.

  • Flipper · Phoenix, AZ · Member since 2009 · 973 posts · 679 votes
    15y

    Sounds like he's new to the business and is trying to build clientele.

    We offered credit for quite a while, and it failed miserably. Owners aren't much better about paying debts than the tenants.

  • Real Estate Investor · NY · Member since 2008 · 313 posts · 87 votes
    15y

    I did the credit thing as well and it did not work as well. I am going to guess he is not licensed as well. (which doesn't always bother me as the best pm's I have used have been unlicensed)

  • Flipper/Rehabber · Seminole, FL · Member since 2010 · 859 posts · 316 votes
    15y

    It sounds like to me if you want to rent in a rough area, then Russel is your man. Seriously, do you want to go into a warzone to collect your rent?

    He just needed someone to proofread for him!

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