All Forum Posts by: Sandra Youkhana

I agree with Jonathan on the importance of reading books, especially the ones available on Bigger Pockets. I'm not trying to sell their books, but reading can be really beneficial. When you read books, you can gain an understanding of how things work, but you won't truly learn until you put that knowledge into action. Also, reading some of the posts that new investors have already made can be helpful.

Thank you for your response and even more for your service!

This is beyond simply not meeting my expectations, you went ghost for several weeks without informing me about your 'issues' with the tenants. I believe that this is an important matter that should be discussed with the owner. Is that not what a property manager does? This is just one example of your unprofessionalism.

It's interesting that you say I am only 1 out of 40 owners you have lost. Shortly after posting this, I had several investors contact me directly, explaining that they are having similar issues with you. With that being said, the number only seems to grow, with now over 25 owners discussing this matter.

As for you being deceptive, simply owning up to the fact that you were working unlicensed is enough to confirm this fact. Thank you.

In response to your comments about my new property management company, my new manager has not yet received any documentation regarding the tenant lease. This seems to contradict your previous statements. And this is where your dishonesty comes into play.

I would additionally like to add that the case was simply dismissed because I decided it wasn't worth flying out to Mississippi at the expense of my time and money. Especially when I am well aware that there are already several owners currently building their case against you.

One thing I do agree with you on is that you are an out-of-the-box strategist. You decided to close down your business to create another LLC. I wonder if this is simply another one of your out-of-the-box strategies to prevent legal and financial claims against yourself.

For any remaining investors associated with Justin, please do not hesitate to contact me directly if you have any questions about this situation

I totally get where you're coming from. Good luck!

It sounds like you have a solid plan in mind for getting into real estate investing. Given your experience in project management and real estate, flipping with occasional BRRR sounds like a good strategy, especially if you're not keen on having roommates for house hacking. NE Florida can be a great market for real estate investing, and it's good to hear that you're considering connections in the area. If you're open to considering other states for flipping, it might be worth exploring different markets to see the best opportunities.

These tips are really helpful, especially for newcomers to the forums. I think the point about finding the right balance in the length of your posts is crucial. It's important to provide enough information for others to understand your question, but not so much that it becomes overwhelming. Also, the reminder to be open to advice and not to react negatively when receiving responses that may not align with our expectations is an important one. It's all about fostering a positive and constructive environment for discussions.

Have you considered renting out individual rooms in your current home instead of renting out the entire property? This could potentially allow you to generate more income while still owning the property. Given that the house is a 3/2 with a full unfinished basement, you could explore the option of renting out the basement area separately to maximize your rental income. This approach could help you make the most of your current property while also considering other investment opportunities.

Congrats!

If you believe that the property won't be appraised for its purchase price, it gives you leverage over the seller. You can go back to the seller and state the actual value of the property and how much you're willing to pay, even if the seller intentionally listed it low to start a bidding war. I believe that it would be easier to reach an agreement than to put the property back on the market. It's not a good look for the property.

I don't think it's dead either, but why buy something at market value when you can buy below and make the profits yourself? I've learned that investing will differ for everyone based on their goals. For example, turnkey is great for people who are busy working 9-5 and want to simply invest their money somewhere instead of it sitting in the bank. My first property was a turnkey, which made it easier for me to start investing without feeling too intimidated. 

thanks everyone! Things happen for sure but I wanted to make sure that other investors were aware of that PM and to stay away. Lots of great tips! 

I normally do but this time I took the word of a good property management that recommended them to me but for sure will not let that happen again.