All Forum Posts by: Matt Pine

@Kate Desmond I’m curious if you went through with Pland Investments. I just had an offer financed by Pland, and I’m curious if it’s legit.

@Benjamin Sulka

If the duplex saves you money each month over renting, I think you’ve made a solid investment. You can moving out if/when you have a better opportunity.

Thank you all.

I’m normally happy to make improvements and think they’ve become accustom to my willingness to invest.

The whole unit “turn” cost $7,000, and they provided no pictures or notice in advance of any work, and literally no description of the labor on my invoice. Aside from painting and a fixture repair, it could have been leased and put right onto the market. Very frustrating to have a $7,000 fee come through with no notice and include items I didn’t want.

I’m likely going to ask that they at least cover 1/3 of the cost.

Hello there!

I’ve run into a dispute with my property manager and am hoping to hear how others might handle this situation.

The property manager just turned over a nicely updated apartment and in addition to the normal repairs and painting, installed new 2 inch blinds and ceiling fans in the apartment.

The apartment never had blinds or ceiling fans and it’s simply not worth the cost to install. The cost of the materials was $1,500, and including labor I’d estimate this cost me about $3,000.

The property manager never ran this by me or gave me an indication these project would be completed.

Our service agreement is clear that written consent is needed when costs exceed $1,000 and in this instance these were not repairs and requirements needed to rent the property. The property manager also never sent pictures of the unit or gave me a heads up on any of the expenses to turn the unit, so there is no possible confusion about obtaining consent.

I’m interested to hear how others might handle this situation. Aside from this, the property manager had done a fine job.

Thanks!

Matt

@Christopher Fougere

Smart move. I’m doing the exact same thing. That said, I’m waiting for the panic to die down and market recover somewhat before I take my distribution.