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All Forum Posts by: Vikram Singh

Vikram Singh has started 1 posts and replied 56 times.

Post: Looking for Property management company in Milwaukee

Vikram SinghPosted
  • Investor
  • Sacramento, CA
  • Posts 58
  • Votes 27
Following. Anybody know if the companies mentioned also serve Beloit, WI?

Post: Looking for Property Manager in Beloit, WI

Vikram SinghPosted
  • Investor
  • Sacramento, CA
  • Posts 58
  • Votes 27

Hi All!

Looking for recommendations for property management in Beloit, WI. Current and last PMs I had have been disappointing and not a great experience. 

Post: Experience or thoughts on Homeroom?

Vikram SinghPosted
  • Investor
  • Sacramento, CA
  • Posts 58
  • Votes 27
Quote from @Rodolfo Scarborough:

This has got to be the worst experience ever.

1. Didn’t get the room offer and still paying for the master bed room which other properties came with and still charged $890 NO BATHROOM BUT OTHERS HAD 

2. Well off the bat major problems house had leak in the downstairs took 2 months to fix. Also cost me 1500.00 Er trip which they insulted me cause the dry wall got in my eyes since their idiot workers did not put plastic up, and they told me were sorry about your allergies. Not only that the two dummies who were doing the work left the house garage open all day. I personally couldnt return to lock the garage. On top of that they left the key box open and all the keys to everyone’s room were left in the open and the person who does door to door sales told us there’s lots of keys right next to the garage. Including the front door keys that no one knows who has them no joke.

3.maintenance well it took 2 months for above we going on 4 for foundations and cracks and lets not forget rain in our rooms im not joking. Each time i entered a work order oh get ready one was 308.00 charged to me. I wasn’t paying that by myself THERES 7 people in the house so when rent was due i had to dispute on top of that since it took for ever and past the 1st .additional $25 and the next day after was $5 dollars a day it took them like a week to fix. So my work orders were put in months only to find out they were cancelled so no washer, dryer, microwave or air conditioner for a month 

4. Well dont argue or even blame the jerks ooooops they will send a letter that they have the right to terminate the lease cause i insulted them. Trust me they are ******** 

5 they say they provide maid service well add this up cause i know they def dont pay the maids this 7 tennants times 89.00  yes not kidding they also demand that you either replace the air filters for the house lolololol. 7 tenants times 20 for filter no joke 140.00 for 2 air filters so how much do they cost at Lowe’s or Home Depot hmmmm for one less than 10.00 they demand you send a pic to them of you changing them if not they send the property manager of 500 names they call her runner,maintenance person ,lock changer , key holder, put up sign person 5 min later on floor, for any of those services  well thats a charge of 65.00. SINCE NO ONE IN THE HOUSE WANT TO DEAL WITH THEM THEY DONT PUT ANY WORK ORDERS IN SO EVERY MONTH IS A FIGHT AND ARGUMENT AND HARASSMENT AND THREATEN OF EVICTION  

6 dealing with the ******** for a year im done . But since they hire amazing…. Impeccable maintenance personnel the first thing that happen when i moved in is fricKIN  happening again no joke. THEY HIRE CHEAP CHEAP PEOPLE TO REPAIR. 

DO NOT INVEST THEY WILL RUIN YOUR HOUSES TENNANTS DONT CARE  IF YOU NEED PICS WELL THE SLAB OF CEMENT IN THE BACK IS WHERE THEIR CREWS THROW BUSHES SHRUBS AND SO ON. THE FUNNY THING IS THE MAINTENANCE WORKERS ARE STRAIGHT OUT OF CRAIGSLIST NOT JOKING. THIS LAST ONE LOOKS LIKE A THIEF. THEIR WORK TRUCK FALLING APART.

YOU CAN CONTACT ME AT ANY TIME TO SHOW PROOF OF EVERYTHING I SAID AS IM TRYING TO GET OUT OF MY LAST MONTH BUT THE CHARGE TO BREAK IT IS TWO MONTHS RENT. ONE OF THE PAST TENANT TOLD US AND SHOWED US A RECEIPT OF PAINTING HIS ROOM 1200.00 (WHICH WAS NEVER PAINTED)

RODOLFO SCARBOROUGH  CELL 7038685312

THE HOUSE OF HORROR 

302 MILTON COVE 

PFLUGERVILLE ,TX 78660 

That sounds like a terrible experience but I'm not really sure what the context is.. Were you a tenant in a homeroom property? Or an investor who owned one of the houses they rehabbed and sold? Sounds like the former..

Post: Townhomes in Grayson Valley

Vikram SinghPosted
  • Investor
  • Sacramento, CA
  • Posts 58
  • Votes 27
What did you end up deciding? Did you close on either one of them? Are you happy with your investment, rent increases etc?

Post: Birmingham, AL inspector recs

Vikram SinghPosted
  • Investor
  • Sacramento, CA
  • Posts 58
  • Votes 27
Also interested!

Post: Birmingham AL Home inspector Recommendations

Vikram SinghPosted
  • Investor
  • Sacramento, CA
  • Posts 58
  • Votes 27
Quote from @Jovan O.:

@Asha Olivia

what inspector did you go with and did they provide a great inspection?

Did you find an inspector you liked? anyone else?

Post: High return real estate investments?

Vikram SinghPosted
  • Investor
  • Sacramento, CA
  • Posts 58
  • Votes 27
Anyone else? Any recent experiences?

Post: High Return Real Estate experiences?

Vikram SinghPosted
  • Investor
  • Sacramento, CA
  • Posts 58
  • Votes 27
Quote from @Kyle Hebert:

I'd seen it echoed that a good portion of the thread was a tough read. I won't disagree - there seemed to be conflicting information and incomplete information provided by the plaintiff (if you will).

I'd like to think we're at the end of this thread now - I've perused all posts and am thoroughly satisfied with the explanations provided by Jeff & Jack.

I'd messaged with Jeff on BP a few months back but am sitting on any potential business dealings until the wife and I have unity of mind regarding timing. I can confirm that the negative sentiments put forth in this thread have not turned me off or away.

I continue to keep my eye on available properties on highreturnrealestate.com, biding my time (until I have wife approval ;)), and I am thankful for the transparency and thoroughness of HRRE's founders responses.

Happy New Year, good luck, and take care all,

Kyle


 Did you ever move forward with HRRE? Anyone else purchase from them?

Post: What to do about mortgage rates negatively impacting cash flow?

Vikram SinghPosted
  • Investor
  • Sacramento, CA
  • Posts 58
  • Votes 27

I wanted to revive this thread and get peoples thoughts 6 months later.. Rates have dipped slightly.. they might go down when things stabilize.. I think all of the other points are still valid just the same?

Another element to consider is how long the negative cashflow is.. I'm considering this same situation myself right now, but assuming the cashflow would only be negative for the first year or two or three.. with annual rental increases.. If that happens, it could quickly turn positive within a few years and then you would basically be at a cashflow positive investment, just a few years later..
This is in addition to the principal pay down and possible appreciation so you would also be building equity at the same time and eventually earn the negative cashflow back when it goes positive.

Also if you are conservative in your capex/maintenance/repairs estimate, and you don't actually have those repairs happen in those years. you might be positive/neutral in those years and can build up some reserve for the future years when you do have those expenses.

So if you project negative doesn't mean it will actually be negative, and just because you project postive doesn't mean it will actually be positive. Some years you could have large capex that wipes out all cashflow form a positive property.. and in this case some years you could have NO repairs or maintenance or turnover and end up being positive on in those years. All the estimates are just rough estimates, you never know what will happen in an actual property. Over the long term they will probably average out to the common estimates, but you will see equity buildup and hopefully turn positive at some point.