Investor · Parker, CO · Member since 2015 · 10 posts · 0 votes
Hi BP,
Does anyone have experience working with Giovanni Fernandez at National Real Estate in the Orlando market? I am curious how they perform as a property management company.
I have 2 homes in the greater Orlando area that I purchased through them into a SD-IRA. I only contact them through their website, and they've been very responsive, though not proactive in contacting me when a payment is late. I haven't had a problem with repairs, just normal stuff. I've had both homes for over 2 years and have had 1 tenant turnover, so 1 turnover charge and missed month of rent.
@Bert Nethercot I just bought 4 properties with them so I can't give feedback about the management yet, but I met with Giovanni and he seems like a trustworthy person
Thanks David. I am very interested in your feedback on him and his company. Are the properties you bought from him in Orlando? I have five in Jacksonville with another provider, JWB, but am considering Orlando for additional purchases. Thanks and good luck with the new properties!
@Bert Nethercot I know Gio personally I know of JWB by reputation and have talked with them several times over the years.
I was referring to Gio but I have heard nothing frankly except good things about JWB.. and any company that can land a big B2R loan like they did is up there in my books !!!
Thanks for clarifying. I would agree with you about JWB. I have five properties with them, all purchased over the last six months, and so far the experience has been completely positive.
I'm still a customer of National Real Estate, and I'm still highly satisfied. You do have to stay on top of your investments. My leases had turned into month-to-month arrangements, so I contacted them entirely through the website (I prefer that over phone calls), had them re-up the lease with rent increases. I've only had one property turn since I've had them. I will use them again if I choose to invest in SFH in the Orlando region.
I have not yet purchased anything from National Real Estate but I have had several conversations and email exchanges with Giovanni and he has been nothing but helpful and professional. Good luck!
Did you end up buying a property with National real estate?
I've been looking at their properties too but I was disappointed that their tax projection was much less than the one I can find on the county website..more than $1000/year difference which will affect the return% a lot. What's your experience with them if you don't mind sharing?
I am currently in the process of buying my first Property from Giovanni Fernandez ( National Real Estate ) in the Orlando ( DeLand, FL ) area, also signed a Property Management contract with them.
I own property from this company since 2016 and for first couple years they were managing well, but the last several years there has been very poor communication and problems with managing tenants and major repairs. I wondering if anyone else is still using them and what has your experience been lately?